INTERNAL CONTROL OFFICER AT RAND MERCHANT BANK

About Company:

Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions. We structure the most appropriate financing solutions to meet the needs of our clients, whether for project finance, on-balance sheet lending or a combination thereof. Our ability to think differently and our collaborative spirit is what sets us apart and enables us to deliver on our brand promise: Traditional values. Innovative ideas. 

Job Description:

• Conduct regular reviews of financial transactions and operational processes to ensure accuracy, completeness, and compliance.
• Perform independent spot checks across various units to identify control weaknesses and recommend corrective actions.
• Monitor adherence to approved limits of authority and access levels, ensuring a robust compliance environment that prevents operational losses and regulatory infractions.
• Track sensitive processes across key units to ensure alignment with regulatory directives and internal standards.
• Collaborate with relevant stakeholders to conduct detailed reviews of internal controls across departments, identifying gaps and ensuring compliance with organizational policies.
• Identify inherent risks in business processes, assess the effectiveness of mitigating controls, and document findings in line with professional standards.
• Monitor compliance with regulatory requirements and internal policies, providing timely feedback to relevant stakeholders.
• Maintain a comprehensive log of control deficiencies, ensuring timely updates, follow-up, and closure.
• Support line management and other stakeholders with assigned duties related to internal control and compliance.
• Facilitate internal control awareness training for staff, promoting a culture of accountability and compliance.
• Utilize data analytics tools to detect patterns, anomalies, and potential control breaches.
• Verify the accuracy and completeness of key reports, reconciliations, and documentation used in decision-making.
• Assist in the review of third-party service providers to ensure alignment with the bank’s control standards.
• Stay updated on industry best practices, regulatory changes, and internal control methodologies to enhance review effectiveness.
• Maintain awareness of emerging risk issues and changes in risk status across business units.
• Share knowledge and insights with colleagues to foster continuous improvement and learning.
• Perform any other duties as assigned by line management or relevant stakeholders.

Requirements:

• Proficiency in MS Office tools
• Strong analytical skills & logical thinking  
• Good interpersonal and time management skills  
• Keen attention to detail  
• Good communication (written and verbal) skills   
• Achievement-driven and takes accountability for work assigned  
• Creative and innovative thinking  
• Customer-focused  
• Ability to work under pressure with minimum supervision  
• Takes initiative, proactive mindset  
• Ability to motivate others  
• Business and commercial awareness

Qualifications and Skills:

• Bachelor’s degree in accounting, Finance, Business Administration, or related field.
• Minimum of 3–5 years’ experience in internal control, audit, or risk management within the banking sector.
• Professional certifications (ICAN, ACCA, CIA, CISA) are an added advantage.
• An appreciation of regulatory and legal requirements across different products and business lines.  

Salary

Application Closing Date: Not specified

Application Instructions:

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