Senior Analyst - Singapore - CA Search

CA Search

Verified Company

Singapore

4 days ago

Posted by:

Wei Jie

beBee Recruiter

Description

Commodities, Oil and Energy

16 February 2023

Offered Salary:

Salary will commensurate with relevant experience

Experience:

8 to 12 years

Qualifications:

Bachelor's Degree

Location:

Singapore, Singapore

SUMMARY:

You will report to the team lead and assist in overseeing control activities at a global level. You are to ensure that the control framework is governing its business operation in a safe and compliant manner.

You will review processes and controls, identify any weakness in our controls framework and ensure appropriate mitigating controls are put in place.

The role will also ensure that an optimized set of business process maps are in place and our internal procedures are promptly updated to reflect the agreed framework.

Work closely with functional teams in order to make recommendations, provide solutions to improve controls and drive efficiency through continuous improvement.

You will proactively look out for any breach of procedure and control gap that could create a material risk to our organization.

Lastly to collate and report internal control reporting / information as required by The Management and stakeholders.

THE ROLE:

Ensure an appropriate and tailored internal control (IC) framework is in place for all business activities.
Ensure consistency of IC approach across the company.

Provide internal control guidance and support to commercial and functional teams in managing the operational risks, and ensuring the quality and consistency of the internal procedures.

Ensure an optimized set of business process maps is in place to reflect the agreed framework.
Identify control and process improvement initiatives and drive continuous improvement in the organization

Coordinate the Operational Sign Off process for all new business activity/product and tracking action items signed off by relevant functions.

Conduct formal internal control reviews of commercial desks, middle and back office functions.

Lead control gaps/ incidents reviews, including root cause analysis, recommend mitigating controls, reporting and tracking the remediation actions to closure.

Identify and follow-through on improvements to the internal control system, as recommended by internal and external audits.
Perform daily controls monitoring and review.
Compile and prepare IC metrics and KPI reports on a monthly and ad-hoc basis.
Ensure identified risks and breaches are timely reported to the Management.
Work closely with Compliance Team to provide support and ensure holistic sets of controls are in placed.
Coordinate and ensure key policies and procedures are updated annually.
Provide support to significant system change initiatives and projects to ensure that sound controls are included at the design-phase.
Provide assistance to internal and external auditing teams and track on time delivery of all audit actions.
Coordinate and prepare SOX reporting.

Proactively identify external incidents and prepare external incident reports on external events which could have an impact on the company.

Involvement in ad hoc projects.

REQUIREMENTS:

Bachelor's degree or professional qualification from a recognised institution
8-12 years of work experience in internal control, compliance, operational risk, fraud investigation or internal audit in commodities/ oil & energy trading industry
Experience of control evaluation & design and maintenance of business processes in a fast-changing and significant regulatory environment
Experience in financial controls and assessment of risk within complex financial processes is highly desirable
Experience of incident investigation and reporting
Experience in leading/managing a team is preferred
Proficient in Power BI and Microsoft VBA is a considerable advantage.
Strong influencing and stakeholder skills
Strong team-player who is flexible, proactive and motivational