Internal Control Specialist - Midrand at BMW Group South Africa

Purpose of the Job

• Work with stakeholders across BMW SA, including leadership and control owners to implement and monitor financial reporting and operational control standards.

Key Responsibilities

• Proactively identify the impacts of changes in business processes to financial compliance and ensure effective mitigation of any associated risks.
• Supports management and finance teams through various processes enabling them to undertake control self-assessments.
• Plan and document the measures in coordination with FR-5.
• Responsible for the procedure of the ICS risk assessment and the ICS evaluation.
• Identification of ICS relevant risks.
• Coordination of design, documentation and continuous updating of processes and controls.
• Coordination and driver of assessment and further development of ICS on-site.
• Review and input of ICS relevant topics in projects with ICS relevance.
• Review and testing of controls with more focus on controls relevant for financial reporting.
• Evaluate and respond to control testing results, working with relevant stakeholders to create remediation plans and mitigating controls, and to identify compensating controls as needed.
• In case of control test failure, document mitigation measures under deviations, and monitor for closure.
• Ensure process maps are clearly documented and reviewed yearly.
• Interrogation of risk incidents to identify any connection to the failed or inadequate control.
• Implementation or creation of new controls where risk or gaps have been identified.
• In addition to the Risk Management role, also responsible for the management of Internal Controls

Systems (ICS).

• Conducting of risk assessment in conjunction with different accounts groups
• Critical review of documented controls, control ownership and line of responsibility where a shared controls are seated in more one area.
• Monitoring and management of access risk across all systems in accordance with role assignment and profiling.

Qualifications

• Bachelor's degree in Auditing, Finance or Risk/Compliance is essential.

Work and Leadership Experience

• 5 to 8 years of experience in audit, risk and controls environments. 
• Experience in a shared services environment is preferrable.

Additional Skills

• Strong project management and organisational skills.
• Other skills - Teamwork, analytical thinking, communication (verbal & Writing), creative problem solving, audit, etc.
• Well versed in communicating with senior management and external key stakeholders.

Closing Date: 20 March 2024