Operations Risk Specialist

Super Bank Indonesia; Jakarta Utara; On-site; IDR 180,000,000 - 300,000,000; Full time

Job summary

Super Bank Indonesia is seeking an ICOFR Internal Audit professional to strengthen financial reporting integrity. The role focuses on assessing internal controls over financial reporting, identifying gaps, and partnering with management to implement remediation.

You will conduct risk assessments, document RACMs, perform design and operating effectiveness testing, and communicate findings to the Audit Committee.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 3–6 years in internal or external audit, or a SOX/ICOFR role.
• Certification such as CIA, CPA, or CISA preferred.

Responsibilities

• Identify significant accounts and disclosures impacting financial reporting.
• Document processes; update RACMs and conduct walkthroughs.
• Evaluate design and operating effectiveness of controls.
• Perform substantive testing to verify control application over periods.
• Prepare clear audit reports for Audit Committee and Senior Management.
• Coordinate with external auditors to support year-end testing.

Skills

COSO 2013

SOX 404

Data analytics

Audit software

GAAP

IFRS

Excel

Education

Bachelor's degree in Accounting

Tools

ACL

Idea

Excel

Job description

The Internal Control Over Financial Reporting (ICOFR) Internal Audit role is a specialized position focused on ensuring the integrity of a company’s financial statements. This role serves as a critical line of defense, evaluating whether the internal controls designed to prevent or detect material misstatements are functioning effectively. As an ICOFR auditor, you aren't just "checking boxes"; you are a strategic partner who identifies process gaps, mitigates risks of financial fraud, and ensures compliance with regulatory frameworks l

Work Responsibilities

• Risk Assessment & Scoping: Identify significant accounts and disclosures to determine which processes have a material impact on financial reporting.
• Walkthroughs & Documentation: Conduct interviews with process owners to understand workflows. Update or create process flowcharts and Risk and Control Matrices (RACM).
• Design Effectiveness (TOE): Evaluate whether the current controls, if operating as intended, are sufficient to mitigate the identified risks.
• Operating Effectiveness (TOE): Perform substantive testing on samples to verify that controls are consistently applied over a specific period.
• Deficiency Management: Identify control gaps (deficiencies), assess their severity (Material Weakness vs. Significant Deficiency), and work with management to develop remediation plans.
• Stakeholder Reporting: Prepare clear, concise audit reports for the Audit Committee and Senior Management regarding the health of the control environment.
• External Audit Liaison: Act as the primary point of contact for external auditors to facilitate their year-end testing and reduce duplication of effort.

Job Requirements

• Education: Bachelor’s degree in Accounting, Finance, or a related field.
• Experience: 3–6 years of experience in internal audit, external audit (Big 4 preferred), or a dedicated SOX/ICOFR compliance role.
• Certifications: Professional certification is often required or highly preferred (e.g., CIA, CPA, or CISA).

Technical Skills

• Framework Knowledge: Deep understanding of the COSO 2013 Internal Control Framework.
• Regulatory Insight: Mastery of SOX Section 404 requirements or relevant local financial regulations.
• Data Analytics: Proficiency in using audit software or data tools (like ACL, Idea, or Advanced Excel) to perform automated testing.
• Accounting Standards: Strong grasp of GAAP or IFRS principles.

Soft Skills

• Inquisitive Mindset: The ability to "drill down" into processes to find the root cause of an issue.
• Conflict Resolution: Navigating difficult conversations when identifying control failures with process owners.
• Communication: Translating complex financial risks into actionable business insights for non-financial stakeholders