Lead, Treasury and Finance Control

Who we are

Moniepoint is a financial technology company digitizing Africa’s real economy by building a financial ecosystem for businesses, providing them with all the payment, banking, credit and business management tools they need to succeed. 

At Moniepoint we are a customer-focused community, dedicated to crafting solutions that redefine our industry. We have several products that provide essential services for businesses such as payment, credit, overdrafts etc. We leverage artificial intelligence and data to make our decisions but also have the technology and data-driven best practices used to support our businesses.

About the role 

The Lead Treasury and Finance Control role is responsible for leading the assessment of a sound financial reporting implementation mandate in Moniepoint MFB. The role is to validate that financial controls are adequately designed and operated effectively to mitigate risk,  promote completeness and accuracy of balances presented in the statement of accounts. The role also  ensures that transactions reported in the financial statements are duly authorized according to the policies outlined by management and standards. The lead would also be responsible for the team testing the design and processes leading to the curation of the financial statement to ensure correct application of the IFRS standards.The position requires a deep understanding of internal control frameworks with a specific focus on testing and reporting on controls effectiveness, particularly COSO framework,  ISO 31000 and relevant IFRS standards that promotes ICFR readiness

Responsibilities

• Develop control programmes or test scripts that validates the accuracy and completeness of implementations or interconnection between the various products and financial reporting applications, their configuration and transaction data flow linkages.
• Design control programme to validate the completeness of daily data exchange between the various connecting products applications and the financial reporting application, report on any disparity noticed for immediate resolution.
• Design and conduct internal control assessment and test of the income lines in the  financial statement to confirm accuracy and completeness as a second line of defence  (2LoD) check on revenue assurance.
• Design and conduct internal control assessment and test of the various expense lines in the  financial statement to validate conformity with budget, approvals and completeness of processing flow as a 2LoD check.
• Design and conduct internal control assessment on the various asset classes in the financial statement and collaborate with the E-Business control team in reveiwing  trade receivable, aged accounts monitoring and reporting, collaborate with shared services control officers for outcome on validation and matching-off of premises and fixed asset carrying value.
• Design and conduct internal control assessment of the various liability heads  in the financial statement and collaborate with the E-Business control team for trade payable, aging accounts monitoring and reporting. 
• Design a review process for carrying out independent validation of all pre-approved journal entries, adjustment entries, intercompany entries and GL monitoring
• Review and validates month-end reports submitted by the Financial Controller
• Review cash management and bank reconciliation process to validate that adequate or sufficient governance and controls are in place to maintain the integrity and security of cashflow
• Assess logical, physical, and environmental controls within financial reporting to verify the confidentiality, integrity, and availability of information and the other related processes inherent.
• Assess and report on finance operations (physical record handling) ability to continue business operations, storage, back-up, and restoration policies and processes for effectiveness and resilience.
• Oversee the communication and collection of feedback on design and operations effectiveness tests, findings and recommendations with stakeholders within finance operations, ensuring clear and timely information exchange.
• Develop and manage the control deficiency remediation dashboard for follow-up and closure of open findings from control assessment, internal audit, and any external examination and assessment of finance operations.
• Oversee the conduct of post-review follow-up assessments to evaluate whether all identified open findings from assessments have been sufficiently mitigated.
• Carry out any other task, as might be assigned or becomes necessary to improve the treasury and finance operation posture and the internal control maturity in Moniepoint MFB, with a continuous focus on enshrining the principles of in COSO framework, ISO 31000  and the related  IFRS standards

Skills & Competencies

What you need to succeed

• Internal Control Frameworks: Deep understanding and practical experience with the COSO internal control framework, ISO 31000 (Risk Management).
• Financial Reporting: Strong knowledge of financial reporting principles, including the ability to confirm accuracy and completeness of income and expense lines, and assess asset and liability classes in financial statements.
• Data Validation & Analysis: Proficiency in developing control programs and test scripts to validate data accuracy, completeness.
• Risk Assessment: Experience in designing and conducting internal control assessments, particularly for income and expense lines, asset and liability classes, and identifying control deficiencies.
• Stakeholder Management: Proven ability to build and maintain effective relationships with stakeholders across different departments.
• Continuous Improvement Mindset: A commitment to continuous learning and improvement in the field of financial technology
• Adaptability: Ability to adapt to a dynamic and evolving threat landscape and regulatory environment.
• Leadership: Ability to lead assessments and oversee communication and feedback collection with stakeholders.
• Communication: Excellent written and verbal communication skills to effectively document and communicate assessment findings.
• Analytical & Problem-Solving: Strong analytical and problem-solving skills to identify control deficiencies, assess their impact, and develop remediation plans.
• Organizational & Time Management: Excellent organizational and time management skills to manage multiple assessments, remediation efforts, and reporting requirements.

Experience and Education

• Educational Background: A Bachelor's degree in Accounting, Business Management, Finance or a related field.
• Certifications:  ACA, ACCA,  CISA others related certification
• Experience: 6- 8 years proven experience in  conducting internal control assessments, auditing with a strong understanding of COSO framework and IFRS standard application. Experience in a big four, banking or financial services sector conducting ICFR assessment would be an advantage.
• Framework and Standard Knowledge: In-depth knowledge and practical experience with the COSO internal control framework,  ISO 31000 (Risk Management) and the relevant IFRS standards as applicable.
• Integrity and Professionalism: High level of integrity and professionalism in handling sensitive information and maintaining objectivity in assessments.

What to expect in the hiring process

• A preliminary phone call with the recruiter 
• A take home assessment 
• A Panel Interview with the hiring manager
• A behavioural and technical interview with a member of the Executive team.

Moniepoint is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and candidates.