Main Purpose of the Job
Responsible for managing and ensuring that controls and process disciplines are rigorously maintained and continually enhanced through metrics reporting, risk assessment testing, quality assurance and root cause analysis. Is accountable for developing internal control practices and framework and shall provide oversight and sponsorship of selected control initiatives. Also ensures that organizational guidelines which minimize reconciliation errors and improve process effectiveness and efficiency are in place.
Core Accountabilities and Responsibilities
- Responsible for ensuring that Banking Operations has a sustainable and disciplined end-to-end control environment that supports the business
- Perform control reviews to identify control improvements; provide oversight and review of operations errors or near misses
- Ensure that controls are properly designed, operating effectively, and essential to a proactive risk and control culture that leverages proven evaluation strategies and sound change management protocols
- Assist with development of Risk & Control Self-Assessment mapping and documentations through participation in end-to-end process walkthroughs and deep dives with assigned business units
- Assess emerging/material risks, identify trends and remediate control issues.
- Strong collaboration with divisions and operational understanding of activities to manage audit activities and institute realistic and practical controls
- Develop policies, procedures and controls for reconciliation metrics, including loss prevention procedures for incoming and outgoing wires.
- Develop working knowledge of reconciliation best practices and standards.
- Conduct and report the assignment, management and resolution of breaks for all reconciliations implemented including aging metrics and pattern identification.
- Lead the analysis of the existing reconciliation processes in order to assess the strength of the controls and identify areas for improvement.
- Monitor payment reconciliation functions.
Job Reference
BO001
Company
Botswana Savings Bank
Job Location
Botswana
Salary
Market Related
Job Type
fulltime
Category
Banking/Finance And Investment