Head, Internal Control Job Opportunity – Stanbic Bank

Job Title:          Head, Internal Control
Organisation: Stanbic Bank
Duty Station: Kampala, Uganda
About US:
Stanbic Bank Uganda Limited is a subsidiary of Stanbic Africa Holdings
Limited which is in turn owned by Standard Bank Group Limited (“the Group”),
Africa’s leading banking and financial services group. The Standard Bank Group
is the leading banking group focused on emerging markets. It is the largest
African banking group ranked by assets and earnings. Stanbic Bank Uganda
Limited is the largest bank in Uganda by assets and market capitalization. It
offers a full range of banking services through two business units; Personal
and Business Banking (PBB), and Corporate and Investment Banking (CIB).
Job Summary: The Head,
Internal Control will maintain an optimal control framework for the Bank that
facilitates a proactive approach to issue identification, resolution,
escalation and implementation of actions to manage control gaps in order to
mitigate any risk that could occur and harm the bank. The jobholder will lead
and manage the control team in discharging their responsibility towards overall
improvement of the control environment across the bank and providing assurance
that processes for implementing controls, monitoring and reporting on the
control environment are in accordance with the bank’s management framework,
standards and policies. The incumbent will also Contribute to the Bank’s
business strategy through partnership with the executive management of business
/ enabling areas in formulation / execution of their programs towards
achievement of a compliant and sound control environment. Establish and
maintain a routine monitoring framework upon which Internal Audit can place
reliance at its discretion, on the effectiveness of controls at such a time and
basis agreed to in consultation with Group Internal Audit.
Key Duties and Responsibilities:
  • Determine the control strategy for the
    bank in consultation with business / enabler partners, Risk, Compliance,
    Internal Audit aligned to the bank and ROA strategies.
  • Build effective, collaborative
    relationships with the country’s senior management team, business lines
    and all relevant stakeholders.
Execution and Monitoring:
  • Development of the annual control
    assurance reviews universe in collaboration with the Risk, Compliance and
    Internal Audit stakeholders.
  • Perform appropriate monitoring activities
    to provide assurance on the effectiveness and state of the control
    environment of the bank to the executive management and all relevant
  • Ensure that formal planned reviews and
    spot checks are conducted across the bank in line with the risk based
    engagement methodologies, including the production of reports.
  • Facilitate the translation of regulatory
    directives into operational processes & controls.
  • Keenly monitor implemented risk and
    compliance management processes – as identified and assessed by Risk and
    Compliance to ensure adherence to standards, policies and procedures.
  • Identify inadequate processes and controls
    and provide Operational Risk and Compliance and/or Business Units/
    Enablers with the irregularities to facilitate the modification of
    processes where required.
  • Ensure that formal root cause analysis for
    control failures is conducted across the bank and appropriate remedial
    actions are identified and implemented.
  • Conduct special reviews upon specific
    request by business unit/ enabler management as appropriate.
  • Monitor that tracking of remedial actions
    from internal audits, regulatory reviews, FCC 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.
  • Ensure that appropriate training
    initiatives towards improvement of the control environment are planned and
    executed as required. Ensure that coaching & support opportunities are
    properly identified and the appropriate interventions are implemented.
  • Actively participate in the bank’s
    business initiatives, forums, committees, policy / process development or
    reviews, e.g. risk & compliance committees, new products, projects
    etc. to ensure that control requirements are appropriately considered
    executed and reported.
  • Effective implementation of the
    operational risk framework i.e. loss control, incident management, RCSA
    & KRIs, BCM, IRM roles as per the approved risk management framework.
  • Foster an environment of innovation for
    simpler, better and yet effective solutions to enhance key control
    capabilities within the control function and across the bank.
  • Allocate available resources to individual
    engagements on a risk based perspective in line with the Unit and bank’s
    overall strategy.
  • Timely provision of routine dashboards as
    per determined frequency, monthly and quarterly reports on activities and
    the state of the control environment to executive, business / enabler unit
    management, risk, compliance, internal audit and  ROA risk partners.
  • Present routine monitoring and control
    review reports to business / process owners and ensure their understanding
    and commitment to the report and agreed action plans.
  • Escalate breaches and incidents for
    control breaches that require senior management direction as per the
    appropriate escalation processes, including active participation in the
    remedial actions.
People Management & Administration
  • Lead and manage the Control function and
    ensure effective management of human capital.
  • Agree performance contracts, monitor,
    review and appraise performance of staff within the unit. Develop and
    maintain a talent development plan.
  • Evaluate and manage the performance of to
    achieve a high standard of competence, motivation and service orientation,
    focusing on the development and retention of promising staff.
  • Identify knowledge/skills/ development
    needs, capability gaps ensure that appropriate training initiatives and or
    interventions are determined and executed in collaboration with the
    pertinent stakeholders.
  • Manage the annual leave planning and
  • Monitor, manage budget and expenditure for
    the Control function.

Qualifications, Skills and Experience:
  • The ideal candidate for the Stanbic Bank Head,
    Internal Control job opportunity should hold a Bachelor’s degree from a
    recognized university business experience or have equivalent.
  • Formal qualification such as ACIB, CIA,
    CISA, CFSA, ACCA or CPA will be an added advantage.
  • Eight years’ experience in a control /
    audit environment with a proven track record and managerial exposure.
  • Experience in managing teams and
    delivering against tight deadlines
  • Stakeholder management and negotiation
  • Risk & control experience within a
    banking environment.
  • Knowledge/Technical Skills/Expertise
  • Strong knowledge of the Banks’ policies,
    procedures and practices.
  • Auditing / assurance / risk management and
    investigative skills under a risk-based framework.
  • Understanding of the branch network and
    interface between frontline service, responsive sales and support
  • Working knowledge of transaction processes
    relevant to products and services offered to customers.
  • Working knowledge of the Bank’s operating
    systems and controls.
How to Apply:
All candidates who wish to join the one of Africa’s biggest Banking
Groups, Stanbic Bank in the aforementioned capacity are encouraged to Apply
Online by visiting Link below.
Deadline: 29th
December 2017

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