JOB IDENTIFICATION
Job Title: Supervisor, Business Risk & Process/Internal Control
Division/Department: Group Internal Control & Audit
Location: Head Office, Lagos
2. ORGANISATIONAL RELATIONSHIPS
Directly Reports to: Internal Control Manager
Indirectly Reports to: Group Head ICA
Supervises: Senior Internal Control/BRP Officers, Internal Control/BRP Officers and Trainees
3. JOB SUMMARY
The Supervisor Business Risk & Process/Internal Control has the primary responsibility for assessing the risk and controls in Oando business processes and procedures. The job incumbent has responsibility for ensuring the implementation of effective Risk Management policies, systems and controls across the company. The objective is to provide continuous assurance that the business, systems and operational risk exposures the company may face are understood and managed appropriately within Oando’s dynamically changing business landscape and environmental context. This is achieved by providing periodic independent assessments of control adherence, integrity of business processes as well as levels of compliance to policies and procedures.
4. SPECIFIC DUTIES & RESPONSIBILITIES
Strategic
• Participates in the formulation and articulation of Oando’s Risk Management philosophy, emphasizing the company’s risk tolerance levels/stance and threshold points for various elements of risk
• Participates in ensuring that Oando is able to maintain the integrity of all business operations/ transactions and activities as the company grows, through the development, implementation and continuous monitoring of the risk management and control framework (systems, structures, policies and procedures)
• Participates in facilitating the evolution of a strong and effective risk management culture across the company.
• Participates in ensuring the shared understanding of, and creation of company-wide awareness about, the various risks inherent in Oando’s business context and operations and works with various employee groups to develop and execute effective risk mitigation strategies
• Participates in initiatives related to achieving improvements in the effectiveness of the company’s risk management and control strategies, philosophies and systems Operational
• Participates in ensuring the effective integration of Oando’s Risk Management plan with day-to-day operations, and in so doing regularly interfaces with the various functional areas, divisions and business locations, working with various employee groups to determine areas of mutual collaboration towards the achievement of compliance and business effectiveness objectives.
• Conducts appraisals of the adequacy/efficacy of the company’s control strategies, structures, systems and procedures.
• Conducts review of mitigating controls in the risk register to ensure efficiency and effectiveness and also recommends improvement to existing processes and procedures, where appropriate
• Monitors organization wide compliance with laid down policies, processes and procedures
• Develops and implements work plans for various control and process reviews
• Research and identify compensating controls that may mitigate audit findings
• Participates in business monitoring and information gathering in support of Enterprise Risk Assessment
• Follow up on recommendations from various reviews
• Provides timely, comprehensive and accurate situational reports to all key stakeholders thereby by providing advice on various administrative and financial matters, especially those that may create risk and control lapses
• Manages the day-to-day assignment-related operational issues
• Provides on the job training and development to staff
• Manages the performance of Senior Internal Control/ BRP Officers, Internal Control/BRP Officers and trainees
• Acts as Internal Control Manager during casual vacancies
5. KEY PERFORMANCE INDICATORS
• Compliance rate with laid down operating policies & procedures & service standards
• Adequate review coverage of all Oando Group Businesses
• Effectiveness of controls in mitigating risks
• Quality and timeliness of reports and updates
• Adequacy of risks and controls of the company’s operational activities
6. QUALIFICATIONS & EXPERIENCE
• 1st degree in Accounting, Finance, Economics or other related area.
• 3 - 5 years cognate work experience from a reputable organization/Institution
7. KNOWLEDGE & SKILLS REQUIRED
• Oil & Gas Industry Dynamics
• Products Knowledge
• Audit Planning
• EDP Audit
• Accounting (Management & Financial)
• Financial Analysis/Interpretation
• Audit Investigations & Documentation
• Business Process
• Analytical Thinking & Conceptualisation
• Budgeting & Budget Monitoring
• Leadership/ Supervisory Skills
• Internal Controls
• Oral and Written Communication
• PC Utilisation
• Project Management
• Total Quality Management
• Risk Management
• Relationship Management