Safaricom Manager -Group Compliance, Subsidiary Governance and Control Jobs in Kenya

Safaricom Manager -Group Compliance, Subsidiary Governance and Control Jobs in Kenya

Description

We are pleased to announce the following vacancy for Manager -Group Compliance, Subsidiary Governance and Control within Finance. In keeping with our current business needs, we are looking for a person who meets the criteria indicated below.

Brief Description

Reporting to the Senior Manager, Enterprise Risk, the role holder will be responsible for establishing and sustaining the Financial Reporting Controls Framework (FRCF) for the IFRS financial statements, statutory and tax reporting within the Group and its subsidiaries.

The position holder will design, develop, and coordinate the implementation of governance policies, FRCF methodology, preparation and documentation of financial controls processes, System based risk assessments, review, design and monitor implementation of all business controls aligning them to the various linkage to the financial statements accounts, plan and complete continuous instituted control tests (both internally and periodically by independent parties), and evaluating, reporting and resolving control deficiencies to ensure the design adequacy and operating effectiveness for financial statutory reporting.

Primary Accountabilities and Responsibilities:

Assess, design, implement, and monitor a robust Financial Reporting Controls Framework (FRCF), governance and methodology. The design should incorporate key considerations into the FRCF, including mapping accountabilities across all entities within the group for all internal controls against the financial statements of each company.

Identify, assess, document, and monitor business processes (including financial information systems) that affect the Group’s financial reporting, including the use of process narratives & flowcharts, risk and control matrices, policy documentations and ensure archiving in line with the ISO certification requirements.

Review and develop Group policies for controls and control objectives for core financial reporting processes. Drive group statutory compliance across all the entities as laid out by the Board and Management with strict adherence to the accounting and governance policies for the Group and in the formats prescribed.

Work with business process owners to scope, design, and implement financial reporting controls to address the key risks whilst ensuring design effectiveness and operating effectiveness of these controls to mitigate risks of material misstatement of financial statements.

Undertake risk assessment, evaluate, and determine material items to the financial statements and design appropriate controls to mitigate the risk of material misstatement to the group’s and subsidiaries financial statements. Design tolerance thresholds and risk ratings to apply in Group financial and statutory reporting, including documentation.

Develop and implement the controls testing process, including conducting reviews and testing of financial reporting controls compliance by process owners along with monitoring and overseeing the remediation of deficiencies identified. The holder will also define the controls governance and compliance requirements including attestations and certifications across all the Group entities to be adopted for the IFRS financial statements, statutory and tax reporting for the Group and its subsidiaries.

Develop and deliver training and training materials for business process owners on a regular basis to build knowledge and understanding of risks and controls in the Group.

Prepare and manage the ongoing quarterly and annual reporting process to the senior management and the BARC, assessing the effectiveness of the implementation of the FRCF in accordance with group’s guidelines and policies.

Perform evaluation on a regular basis (at a minimum quarterly) on any change in the group's internal control over financial reporting that occurred and that has materially affected, or is reasonably likely to materially affect, the group's internal control over financial reporting.

Maintain evidential matter, including documentation, to provide reasonable support for the ongoing group’s assessment of its FRFC framework.

Standardise and seek to automate controls across the Group. Ensure controls are designed effectively and

uniformly, where appropriate automate to effectively use the financial information systems. Use innovation to enhance and continuously improve the design and effectiveness of controls, including assessment, testing and documentation of the embedded controls.

Coordinate with internal and external auditors to ensure the operating effectiveness of financial reporting controls is tested, and any identified gaps are remediated within agreed timelines.

Provide ad hoc reports and status on above responsibilities and assist with risk management activities and reporting in conjunction with the Corporate Risk team.

Manage strategic projects and communicate with different cultures and levels within the Group. Work on projects/initiatives as assigned closely with stakeholders across functions in a fast-paced environment, - able to provide solution to issues on the go.

Ensure effective communication and consultation processes in order to build staff engagement with corporate compliance and risk initiatives.

Stay current on best practices and latest thinking regarding processes, risk management and controls to ensure that the Group entities comply with International Financial Reporting Standards (IFRS), Companies Act, CMA and Listing requirements and any other regulation in country and outside the country in the larger Vodafone group environment

Develop, implement, and monitor implementation of related party governance policies including operating effectiveness of controls on transactions, recharges and contractual arrangements and prepare compliance reports regularly.

Ensure all subsidiary companies have compiled and submitted certifications confirming their compliance with all implemented financial controls within the prescribed timelines. Perform root cause analysis of any non-compliant and unsatisfactory submissions and develop an improvement plan to remediate the identified issues.

Qualifications

Bachelor’s degree in accounting or finance

Possess exceptional written and verbal communication skills, including ability to articulate recommendations in a concise and timely manner

CPA (k), ACCA or equivalent Professional qualification. A risk, controls and Governance certification will be an added advantage.

5+ years of progressive experience in technical accounting and advisory services in a relevant field. Experience in the audit and accounting environments- Preferably in any of the Big 4 Audit firms will be an added advantage

Professional skepticism, curiosity and desire to understand how the business works, with ability to tie together business processes and technical accounting documentation Intrinsically motivated by attention to detail and quality of work Experience in technical research for multiple IFRS and GAAP standards, as well as with documentation of business processes and technical memos

Ability to understand and apply Kenyan and other international laws, regulations, and compliance requirements and application of IFRS guidelines in multiple jurisdictions

Experience in financial infrastructure and technology industry

Exceptional work ethic able to handle multiple tasks and maintain control and order over the same Preferred Requirements

Conscientious about timeliness of assignments and quality of work product

Assertive, clear, and professional on verbal and written communications

Strong interpersonal, collaborative & conflict resolution skills.

Ability to effectively design and present information to senior management.

Ability to define problems, collect data, establish facts and draw conclusions

Agility and ability to work effectively both as part of a team and independently.

How to Apply

For more information and job application details, see; Safaricom Manager -Group Compliance, Subsidiary Governance and Control Jobs in Kenya

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