Manager- Internal Controls job at DFCU Bank | Apply Now

Plan and coordinate the execution of planned and adhoc assurance monitoring reviews in liaison with the relevant key stakeholders in compliance with the approved assurance methodology.

Establish and oversee ongoing monitoring activities to evaluate the effectiveness of internal controls, and report findings to senior management, including recommendations for improvement.

Timely and quality execution of all the scheduled reviews as per agreed plan.

Supervise control assurance reviews to ensure conformance with the assurance methodology which outlines the minimum detailed procedures to be followed and the quality of outputs.

Develop, maintain and update monitoring checklists which will be used as a mechanism for monitoring, assessing and reporting on adequacy and effectiveness of controls across the network.

Facilitate the validation of completeness, quality, accuracy and effectiveness of the control risk management tools such as RCAs/KRIs, etc.

Continuously check the controls related to new product roll outs, business and initiatives and process changes are effective and are in place pre and post implementation.

Monitor that tracking of remedial actions from internal audits, regulatory reviews, FCM investigations, control reviews and other such assurance reviews is undertaken as agreed with the business units. This will involve validation of implemented interventions prior to closure of the issues.

Monitor implemented risk and compliance management processes – as identified and assessed by Risk and Compliance to ensure adherence to standards, policies and procedures.

Monitor the effective implementation of the operational risk framework i.e. loss control, incident management, BCM, IRM as per the approved risk management framework across the network.

Perform root cause analysis for control failures and ensure that appropriate remedial actions are identified and implemented.

Oversee the investigation of control failures or incidents, identifying root causes, and implementing corrective actions to prevent recurrence.

Train key stakeholders to enhance/improve the risk and control culture across the network through effective engagement and support to Business teams.

Work closely with various departments, including Compliance, Audit, and Risk Management, fostering relationships that facilitate effective communication and coordination regarding internal controls.

Conduct regular risk assessments to identify, analyze, and evaluate potential risks affecting the Operations and Technology and Digital Transformation Domain, developing strategies to mitigate identified risks.

Support and oversee the development, documentation, and dissemination of internal policies and procedures ensuring that they are understood and followed by all employees.

Stay informed on industry trends and regulatory changes affecting internal controls and risk management, making recommendations for process enhancements as necessary.