Controls Assurance Manager � Policy & Risk Division

Search-Select LTD; Douglas; On-site; GBP 70,000 - 95,000; Full time

Job summary

Search-Select LTD seeks a Controls Assurance Manager - Policy & Risk to coordinate and enhance the internal control environment across the Authority, promoting effective governance, risk management and control.

The role focuses on designing and assessing a robust control framework in line with ERAS/ERM, with responsibilities spanning testing, reporting to senior committees and coaching colleagues in governance practices within the Isle of Man.

Qualifications

• Hold a relevant professional qualification from a recognised internal audit, risk, governance or accounting body.
• Evidence of ongoing continuing professional development relevant to internal controls, governance, risk management or assurance.
• Previous experience in a risk, controls, assurance or audit function within a regulated entity or public sector environment.
• Strong knowledge of risk frameworks and the ability to identify, evaluate, rate, manage and mitigate risks.
• Strong understanding of internal control principles, frameworks and regulatory requirements.
• Demonstrates effective interpersonal, spoken and written communication skills.
• Ability to work on own initiative and as part of a team.
• Strong presentation skills to disseminate information.

Responsibilities

• Develop and implement an enhanced risk-based control testing programme with design and execution of testing methodologies.
• Provide guidance to colleagues on the control environment and associated risks.
• Apply a proportionate, risk-based approach to control testing, prioritising significant areas.
• Support development of governance model and Operational Control Self-Assessments.
• Monitor and report on effectiveness of internal controls and residual risk.
• Present control testing results and recommendations to Senior Steering Group and Risk & Control Committee.
• Coach colleagues in governance, risk management and internal control practices.
• Develop and maintain a framework to assess design and operational effectiveness of controls.
• Maintain evidence of control effectiveness and impact on residual risk ratings.
• Support other Policy & Risk Division areas as needed and work on special projects.
• Ensure internal policies and procedures are maintained.

Skills

Governance

Risk management

Internal control

Stakeholder engagement

Communication

Presentation skills

Teamwork

Initiative

Education

CIIA or equivalent

ICAEW / ACCA / CIPFA

Tools

Excel

Word

PowerPoint

Job description

Our client seeks a Controls Assurance Manger - Policy & Risk to join their team.

Role To coordinate and enhance the internal control environment, working collaboratively with colleagues across the Authority to promote effective governance, risk management and control.

To support the design, implementation and ongoing assessment of a robust and proportionate control framework in line with the Authority's Enterprise Risk Appetite Statement ('ERAS') and Enterprise Risk Management ('ERM') framework.

Key Responsibilities

• Develop and implement an enhanced risk-based control testing programme for the Authority, including the design and execution of appropriate testing methodologies, and document findings and recommendations.
• Provide guidance, advice and feedback to colleagues on the Authority's control environment and the impact of controls on associated risks.
• Apply a proportionate and risk-based approach to control testing, prioritising areas of greatest significance to support risk mitigation and improve operational effectiveness.
• Support the continued development of the Authoritys governance model, including the implementation and ongoing enhancement of Operational Control Self-Assessments.
• Monitor and report on the effectiveness of the Authoritys internal control environment, identifying themes, control weaknesses and opportunities to strengthen governance, risk management and control.
• Present control testing results, findings and recommendations to the Senior Steering Group the Chief Executive and the Risk and Control Committee as appropriate, in conjunction with the Senior Manager - Policy & Risk.
• Assist with the coaching and training of Authority colleagues in the application of effective governance, risk management and internal control practices.
• Develop and maintain a framework and methodology for assessing the design and operational effectiveness of controls.
• Develop and maintain mechanisms to evidence and assess the effectiveness of controls and their impact on residual risk ratings.
• Provide support to other areas of the Policy & Risk Division where necessary, which may include supporting staff working on policy, project, information governance or risk related matters.
• Work on special projects where necessary.
• Ensure internal systems, policies and procedures are maintained and followed, including those of the Policy & Risk Division and the wider Authority.

Key Skills and Experience:

• Hold a relevant professional qualification from a recognised internal audit, risk, governance or accounting professional body (e.g. CIIA, ICAEW, ACCA, CIPFA or equivalent). Desirable.
• Evidence of ongoing continuing professional development relevant to internal controls, governance, risk management or assurance. Desirable.
• Previous experience working within a risk, controls, assurance or audit function within a regulated financial services entity, professional services firm, public sector organisation or other comparable organisation. Essential.
• Strong working knowledge in relation to risk frameworks, including the ability to identify, evaluate, rate, manage and mitigate risks. Essential.
• Strong understanding of internal control principles, frameworks and best practices, with the ability to apply them in a practical and proportionate manner. Knowledge of regulatory and compliance requirements is also required. Essential.
• Demonstrates effective interpersonal, spoken and written communication skills. Essential.
• Ability to work on their own initiative as well as part of a team. Essential
• Strong presentation skills to support effective dissemination of information and audience engagement. Essential.
• Ability to build and maintain effective working relationships with internal and external stakeholders, including the ability to communicate findings and recommendations arising from control assessments. Essential.
• Good working knowledge of Microsoft Office applications, particularly Excel, Word and PowerPoint. Desirable.
• Strong analytical skills, including the ability to assimilate information quickly and accurately, identify associated risks and communicate conclusions effectively. Desirable.
• Ability to manage a varied workload, balancing competing priorities and deliver outcomes within agreed deadlines. Desirable.

Quote job ref: 16803

Location:

Isle of Man

Contract type:

Permanent

Job reference:

16803