بنك الرياض يعلن عن وظيفة مراقب مالي قسم في الرياض

JOB PURPOSE / ROLE:

Identify controls deficiencies and root causes, and work together with business management to develop mitigation plans in order to minimize risk exposures, ensure adherence with regulatory standards, facilitate the mitigation and closure of any emerging risks and audit exceptions.

AREAS OF RESPONSIBILITY:

• Follows all relevant divisional policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner
• Prepares and recommends the division budget by preparing analysis and data related to specific elements as directed
• Monitors the financial performance of the division against budgets so that areas of unsatisfactory performance are identified and rectified promptly and potential performance improvement opportunities are capitalised upon
• Follows the day-to-day operations related to own job to ensure continuity of work
• Develop key controls testing plan and scope, and ensure on the plan implementation timeline and results.
• Discuss the testing plan with Internal Control Manager and obtain guidance whenever needed.
• Develop and submit to the divisions head an analytical reports on the controls testing results which cover controls deficiencies and the remediation plan which will support the accurate decision making of risks mitigation.
• Acknowledging that the tests have been performed in accordance with the Control Testing Framework.
• Ensures timely follow-up on audit, risk, compliance, Business Technology and Internal Control observations to facilitate timely implementation of corrective actions
• Submits periodical reports to the Head of Division on the compliance, risk, audit, Business Technology and Internal Control posture of the division, highlighting issues identified and any breaches of compliance
• Trains, educate and Provide advises and interpretation to division staff on matters related to the compliance with regulations and policies and risk in conjunction Compliance Department.
• Report all ‘near-miss’ and Operational losses events that could impact the bank.
• Coordinates with Compliance, and SAMA if required, in order to ensure that the division complies with new regulations, policies, procedures and regulatory guidelines/instructions.
• Liaises between the Head of Division, the Compliance Department, and external regulators as required on exception closure and breach mitigation controls.
• Acknowledgment on the key risks and controls residing within the significant processes shortlisted under the scoping exercise and evaluate the design effectiveness of the controls to mitigate the key risk
• Consolidates and manages the tracking and monitoring of the Key Performance Indicators (KPIs) of the division, in order to measure the performance against the business plan and any relevant gaps and variances are highlighted and addressed
• Supervises the development of a high level analysis on the financial performance of the division based on internal financial, MIS and KPIs reports, so as to inform the management team and enable the development of corrective actions
• Review the control testing results and develop the remedial action implementation plan according to the findings to support the protection of the Bank against future risks.
• Following up with 1st and 2nd line on the open observations and develop plan with agreed timeline for the closure.
• Follow up and control the implementation of the corrective actions proposed and approved as well as of the remedial action implementation plan.
• Develops and manages the implementation of ad-hoc quality checks on work completed within the division, including but not limited to, completeness, correctness and timeliness of deliverables or services, to facilitate the proactive identification and resolution of any potential issue
• Contributes to the identification of opportunities for continuous improvement of processes and practices taking into account ‘international best practice’, improvement of business processes, cost reduction and productivity improvement
• Complies with all relevant safety, quality and environmental management policies, procedures and controls to ensure a healthy and safe work environment
• Performs other related duties or assignments as directed

QUALIFICATIONS & EXPERIENCE:

Minimum Qualifications:

• Bachelor’s degree in Business with preferably a specialization in Finance or Accounting

Minimum Experience:

• 6-8 years relevant experience in banking.

Language:

• English: Intermediate