Manager – Financial Controls & Operational Risk recruitment
Sundry and Suspense confirmation process :
- Manage the balance sheet confirmation process and the FSSC team running monthly and quarterly confirmation process
- Check returns for completion and data quality
- Respond to queries
- Provide training to users on system
- Prepare reports and summarise issues for escalation
- Engage with account owners and cost centre owners to ensure the enforcement of a robust control environment to perform adequate reconciliation of account balances
- Prepare high risk reports and push back on long outstanding items and identify items needing provisioning or write off; including discussions with senior members of staff.
- Follow up non-responders and ensure that all risks are adequately mitigated.
- Be the first point of contact for auditors (both internal and externally) in respect of sundry and suspense accounts.
Operational Risk Management Assessment:
- Identify controls issue for Phoenix/OR profile as well as taking action to close issues identified and implement agreed action plans.
- Take responsibility and ownership of tests allocated.
- Consider current process and improve for efficiency and effectiveness where possible.
- Where face issues consider impact and suggest a resolution that will be beneficial where possible.
- Keep management up to date on results and issues.
- Monthly Delegation of Authority (DOA) Monitoring
- Manage monthly DOA breaches. Engage with CC owners and other authorisers to ensure all key controls are adhered.
Education Programme
- Provide training to staff in other departments in respect of finance related KCSAs, the financial control policy (FCP) and the risk management framework (RMF)
Team Meetings
- Share thoughts and ideas with the team on potential improvements to process/environment/customer delivery.
- Actively suggest agenda items that would benefit you/the team to be discussed.
Quarterly Work in Progress (WIP) Tracking
- Identify WIP balances for the month
- Update tracking sheet for new WIP cost centres
- Ensure sufficient information is available to track project manager and expected completion date of the project
- Ensure WIP balances are capitalised after expected completion date
- Challenge project owner when capitalisation is delayed.
Fixed Asset Physical verification
- Manage the physical verification process.
Cost Centre Ownership Confirmation
- Lead the bi-annual confirmation process inclusive of the appropriate documentation and reporting results to management.
- Engage with various teams (including CCs owner, business finance etc) to resolve disputes, thus ensuring that all CCs are correctly owned.
Qualifications Skills
- A qualified accountant (ACA or equivalent) with strong accounting skills essential
- Experience in an audit/controls environment within Finance
- Active participation in the development of control processes
- Enhancement of reporting information to senior management
experience - Able to communicate effectively across all levels within an organisation
- A self starter, able to work with minimum supervision
- A team player
- Hands on, experienced in managed large volume of data and able to extract bigger picture from detail
- Able to work to tight deadlines when required
- Capable of controlling and managing several tasks at the same time
- Competent in excel and word.
- Banking experience would be an advantage but not essential
- Knowledge of access would be an advantage, but not essential
- Willing to travel overseas for peer review
May 28, 2012
• Tags: Accounting & Finance careers in the UK, Financial Controls & Operational Risk recruitment, Manager • Posted in: Financial