The control manager is the watchdog of a company, division or department. His or her basic responsibilities are primarily to develop various policies and procedures, to ensure that they are implemented, and to monitor employee compliance.
In essence, the control manager helps prevent the company from engaging in unethical or illegal activities that could get the company into hot water. Control managers should typically have experience in at least one of the following areas: auditing, accounting, management and legal compliance.
Specifically, control managers must review existing financial and accounting records and all other legal compliance related processes that are in place, and make any additions or revisions as necessary. They are also required to conduct internal audits regularly to ensure that individual employees and departments are in compliance.
As control managers must stay on top of new changes in procedures related to external auditing and accounting they must communicate regularly with legal professionals and applicable governmental agencies for insights into changing compliance practices and regulations in order to ensure that the company is in compliance.
Because of the many responsibilities that control managers have, it is critical that they have a set of key skills:
- Able to exercise attention to detail when ensuring policies and procedures meet international and national quality standards.
- Proficient in identifying areas of weakness in the company and finding ways to improve.
- Capable of assessing and reviewing the overall effectiveness of changes.