Head of Internal Controls Over Financial Reporting (ICFR)

Job Purpose

The Head of Internal Controls Over Financial Reporting (ICFR) will be responsible to lead the development, implementation, and monitoring of a robust ICFR system in line with the COSO framework to ensure the accuracy, integrity, and compliance of bank’s financial statements.

This is a senior position, and the candidate is expected to serve as the primary custodian of ICFR framework within the organization and to be instrumental in identifying and mitigating financial reporting risks, addressing control deficiencies, and fostering a culture of accountability and continuous improvement. By collaborating with key stakeholders within and outside the organization, this role ensures the organization’s financial reporting processes are robust and meet regulatory standards and align with best practices, building confidence among management, external and internal auditors and other stakeholders.

Principal Accountabilities

The Candidate should be able to lead the bank-wide ICFR program, ensuring the effectiveness of financial reporting controls. As part of the ICFR program, the candidate should be able to perform the following :

• Develop and manage the bank-wide ICFR framework, ensuring alignment with regulatory standards, accounting principles, and best industry practices.
• Coordinate with cross-functional teams to implement and maintain strong financial reporting controls.
• Design, document, and test internal control processes related to financial reporting in collaboration with concerned stakeholders.
• Identify control gaps, assess financial reporting risks, and recommend corrective actions.
• Lead process improvement initiatives to strengthen the control environment.

Qualifications & Experience

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