Compliance Specialist - Operations at Technology Innovation Agency

Qualification

• Minimum: An internal auditing qualification or an undergraduate degree (BCom) in accounting, auditing or risk management as majors.

Work Experience

• Minimum: A minimum of Four (4) to five (5) years auditing/compliance experience in a medium to large firm.
• Preferred: More than five years auditing/compliance experience in a medium to large public firm within a development finance institution. 

Duties and Responsibilities

Financial Management

• Perform reviews of submissions to the Finance department before payments are effected, relating to the organizations investment/grants to ensure funds that are disbursed by TIA comply with all its internal policies and procedures, in line with the approved project plan and budget, as well as in adherence to relevant laws and regulations.
• Perform reviews submissions to the Finance department before payments are effected, relating to TIA’s suppliers, independent consultants and other providers performing work on behalf of the organization.
• Identify compliance risks and develop and implement risk mitigation strategies to ensure payments adhere to internal policies.

Stakeholder Perspective 

• Collaborate with relevant stakeholders during the compliance review process, in order to support the organization to implement measures to manage risks and meet organizational targets.
• Assist   in ensuring that key outcomes from TIA reviews findings are discussed with TIA management wherever appropriate.
• Work with different departments to ensure compliance measures are in place.
• Work with business units to ensure that compliance-related mitigations are implemented, track progress on corrective actions, and provide support where necessary to strengthen compliance controls.

Internal Business Process 

• Perform compliance reviews of contracts, such as funding agreements, service level of agreements, memorandum of agreements, etc., as well as Board and other committee packs to ensure adherence to internal policies and procedures, and alignment with TIA’s adopted governance and risk management principles and complies with external regulatory requirements.
• Perform compliance reviews in accordance with the best practices and compile review reports that assist in decision-making, as well as investigate compliance issues and recommend corrective actions.  
• Identify internal control weaknesses and recommend improvements where necessary.
• Interpret laws, regulations, and industry guidelines applicable to the organisation.
• Ensure that compliance review findings are appropriately documented, tracked, and monitored for follow-up actions.
• Ensure that information is recorded on the relevant system.

Learning & Improvement

• Maintain   and manage a non-compliances register with areas for improvements based on the outcomes of compliance reviews for continuous learning.
• Submit monthly reports to senior officials summarising the outcomes of compliance reviews.
• Provide compliance awareness to employees based on the lessons learned.
• KPA’s should be understood and achieved as agreed upon in the Performance Agreement.
• Review performance against agreed performance standards.
  Live the values and culture of TIA.
  Implement development opportunities to ensure continuous improvement of work effectiveness and efficiency.
  Ensure that relevant information systems and tools are optimally utilized to execute core tasks.