ICS Specialist

This job and its associated grade are specifically aligned with roles that have the following scope of responsibility:

The Internal Control System (ICS) Specialist is responsible for the development, implementation and monitoring of the internal controls framework within the finance team to ensure compliance with financial policies, procedures, and regulatory requirements. The ICS Specialist will work closely with various departments to identify risks, assess controls, and recommend improvements to safeguard the organization’s assets and enhance the accuracy of its financial reporting

Key Responsibilities

- Ensure that the internal controls for the Finance organization defined by Group Accounting are followed

- Ensure the Segregation of Duties (SOD) is guaranteed where required

- Develop and maintain a comprehensive ICS for the finance team that aligns with organizational objectives and regulatory standards; closely collaborate with the Group Internal Controls team, finance pillar leads and Group Accounting

- Conduct regular internal audits and reviews to assess the effectiveness of financial controls and risk management practices

- Collaborate with management to identify areas of financial risk and develop strategies to mitigate these risks

- Provide training and guidance to finance team members on internal control best practices and changes in regulations

- Monitor compliance with financial policies and procedures, and ensure that all financial transactions are executed and documented in accordance with established guidelines

- Prepare and present reports on the status of internal controls, audit findings, and corrective actions to senior management and external auditors

- Stay abreast of changes in financial regulations and industry best practices to ensure the internal control system remains current and effective

- Assist in the development and implementation of new financial systems and processes to improve efficiency and control

- Provide input on financial risk considerations

Liaise with external auditors during annual audits and provide necessary documentation and explanations regarding internal controls and financial transactions