Revenue Assurance and Financial Controls Senior Specialist

Job Description

Reference Number

HCBPKM141024

Description

JOB PURPOSE

This function is responsible for ensuring the accuracy, completeness and legitimacy of revenue reported by the Bank. The role involves identifying, assessing and mitigating revenue related risks and implementing controls to prevent revenue leakage.

Under the supervision of the Revenue Assurance & Financial Controls Head, the following are among the Job Key Responsibilities:

Identifying, assessing and mitigation of revenue-related risks, including fraud, errors, and omissions

Developing and implementing revenue risk management strategies and controls

Verifying revenue transactions, including sales, fees, and commissions

Ensuring accuracy, completeness, and legitimacy of revenue reported

Preparation of revenue assurance reports for senior management and stakeholders

Analyzing revenue data to identify trends, risks, and opportunities

Designing, implementing, and maintaining revenue assurance processes and procedures

Ensure compliance with regulatory requirements, accounting standards, and industry best practices

Developing, maintaining, and updating of revenue assurance policies and procedures

Ensure alignment with regulatory requirements and industry standards

Identifying areas for process improvements and implement changes

Staying up-to-date with industry developments, regulatory changes, and best practices

Conducting regular audits and reviews to ensure revenue accuracy and compliance

Identifying and reporting any revenue-related discrepancies or irregularities

Collaboration with business units, finance, and risk teams to identify revenue-related risks

To engage the various Business owners on income leakages and resolution of exceptions noted

Provide training and guidance on revenue assurance processes and procedures

Assessing and testing of key processes and controls by performing control design and operating effectiveness assessments

Performing periodic reviews/ testing of ICOFR controls and maintaining all relevant support documentation in readiness for annual reviews by the external auditors

To ensure preparation of revenue related Key Risk Indicator (KRIs) and Key Control Self-Assessment Reviews (KCSA) within the Finance division

Any other responsibilities or tasks as maybe assigned by management.

INTERNAL/EXTERNAL CONTACT

External: External Auditors, BoZ, SEC

Internal: All internal Business Units

Requirements

QUALIFICATIONS AND EXPERIENCE

Grade 12 Certificate with Credit or above mandatory in Mathematics and English and any other three subjects

Bachelor’s Degree in Accounting, Computer Science, Information Technology, Financial Engineering or any related field

Professional qualification in SQL and/or database administration is an added advantage

A minimum of five (5) years’ experience in revenue assurance, audit, or risk management

Proficient and strong understanding of Structured Query Language (SQL) and/or database administration

In-depth knowledge of banking industry technology and data landscape with proven experience in a similar position in a complex organizational set up e.g., financial services, telecoms etc

Strong knowledge of accounting standards, regulatory requirements, and industry best practices.

JOB CORE COMPETENCIES

Ethical Orientation

Clinical and attentive to detail

Stakeholder Management

Analytical Skills/ Problem solving

Ability to work independently

Self-Management / Organizational skills

Drive for results

Accountability

Teamwork-Collaboration

Very good Communication, Presentation and Reporting skills.