Head CFCC Assurance

Job Description

Head CFCC Assurance - (2300004379)Job: JOT to updatePrimary Location: Africa & Middle East-Pakistan-KarachiSchedule: Full-timeEmployee Status: PermanentPosting Date: 28/Feb/2023, 12:23:46 PMUnposting Date: 14/Mar/2023, 11:59:00 PMRESPONSIBILITIES:Strategy

• Exhibit professional objectivity in gathering, evaluating, and communicating information about the activity or process being examined
• Make a balanced assessment of all the relevant circumstances and not be unduly influenced by own interests or by others in forming judgments
• Examine and evaluate the adequacy and effectiveness of the Groups Compliance risk and control processes, and its adherence to Compliance standards.
• As an independent second line risk control function provide reasonable assurance to the stakeholders that the client businesses and functions within Pakistan are complying with regulatory requirements and Compliance Policies and Procedures
• Support and implement the vision, strategy, direction and leadership for CFCC Review teams, consistent with Group vision and strategy for the CFCC function and in support of the Banks strategic direction and growth aspirations.

Business

• Plan execute and report CFCC Assurance Reviews (CFCCAR) for the purpose of ensuring that SCBPL is compliant with regulatory requirements and expectations driven by risk themes identified at Business, Group and Country level.

Understand the principles and purpose of conducting CFCCARs (as the 2nd line assurance review function);

• Ensure that all issues are discussed with the relevant stakeholders and agreed action plan obtained with Management Action/Process Owner.

Processes

• Follow defined processes and procedures as mentioned in respective methodologies to gather evidence by performing tests on control effectiveness and conduct sample testing to ensure operational effectiveness.
• Identify possible control deficiencies and Compliance risks, quantify the potential impact and escalate at the appropriate forums where necessary
• Prepare and Disseminate report which is required for all Reviews to ensure that all parties are formally notified of the work undertaken and any findings or concerns arising (if any), and to ensure a record is retained of all such issues.

Risk Management

• Provide an objective assurance and monitoring to bring a systematic and disciplined approach to evaluate and identify opportunities to further enhance the Groups risk management and control processes.
• Ensure that SCBPL is compliant with regulatory requirements and expectations driven by risk themes identified at Business, Group and Country level.
• Discuss and agree the action plan of the review with the relevant stakeholders
• Obtain approval of reports prior to dissemination.

Governance

• Review the policies & processes, whenever required, and suggest improvements in the process level controls in light of any regulatory requirements.
• Attend relevant meetings including regional calls.
• Communicate CFCC Assurance Review results (e.g. reviewers findings regarding the processes examined) periodically to relevant governance committees where required or appropriate.
• Flag High Risk findings to the Line Manager.

Keyskills :