Internal Controls Analyst at AB InBev

Key Purpose of the Role

The Internal Controls Analyst is overall accountable for establishing and maintaining a strong control environment within the Africa Zone.

This will be achieved by understanding and testing internal controls, providing recommendations on improvements, ensuring that the processes and systems governing internal controls are robust enough for risk identification and mitigation.

Key roles & responsibilities:

Agile Ways of Working

• As a squad team member, the analyst forms part of the agile ways of working and delivering as a collective team.
• Requires ownership of work on the sprint backlog, pushing the boundaries for excellent delivery and focus on root cause problem solving.
• Identify smarter and more efficient ways to test data driven and KPI driven controls within the business.

Responsibilities

• Update, implement and maintain the Minimum Internal Control Standards (MICS) framework with local and global changes to risks, controls, control owners and any other required details;
• Map and document the detailed end to end process walkthrough (including RACI, SLA’s and document retention requirements) within the internal control SOP ;
• Ensure compliance to policies is tested as part of the MICS control testing requirements and SOX testing guidelines.
• Provide training/guidance to control owners and controls executors on their understanding and execution of controls in accordance with the requirements of the MICS framework, aligned to local systems and processes ;
• Benchmarking with other ABI Zones, best practice and legislative requirements, as well as other FMCG’s to improve control governance for the Africa Zone.
• Draft and complete quality working papers according to the Africa Zone Methodology;
• Identify design adequacy and control effectiveness gaps within the processes that create risk exposure and identify improvement opportunities to mitigate the risk ;
• Identify the root cause for each of the control deficiencies identified and quantify the impact of the deficiency on the process and/or the business;
• Define sustainable recommendations for action plans that address the root causes identified

Profile

• Bachelors Degree/Honours (Finance/Audit preferred) or equivalent is a requirement
• More that 3 years business control, internal control or audit experience
• Professional Qualification, i.e. CA(SA), CIA or equivalent will be advantageous.
• Computer literate with a good understanding of the utilization of Microsoft (Office, Excel, PowerPoint, SAP GRC, SAP ERP and others),
• Understanding of the principles and application of good corporate governance and internal controls, with specific knowledge of the Africa corporate governance environment .
• Understanding of and experience in testing SOX controls and SOX compliance.
• Sarbanes Oxley experience will be beneficial.
• Exposure to Fast Moving Consumer Goods (FMCG) sector preferred in the areas of manufacturing, distribution and finance would be advantageous.
• Understanding and experience of the nature and management of multi-national business operation.
• Excellent verbal and written communication skills.
• Works effectively in a team environment and creates an environment which motivates the team.
• Strong time and project management skills.
• Computer literate with a good understanding of the utilisation of Microsoft Office .
• Good understanding control design and audit testing principles.
• Experience in the use and evaluation of data analytics would be advantageous .
• Understanding of the Agile Ways of Working.