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Posted on : 2021-02-10 VP/AVP - Internal Control First Line Of Defence (COSO & SOX Exp A Must) - For A MNC Banks Captive Unit Location : Bengaluru/Bangalore
Last Date to Apply 2020-09-20
Job Description

About the Role
The Business COSO team supports the Company’s on-going objective of maintaining an industry leading financial reporting control environment and is responsible for the following directives:  

  • Providing meaningful assessments of financial, risk, and regulatory reporting control environment;
  • Overseeing compliance with Company’s COSO based policies for internal controls over financial reporting  and strategic planning for on-going compliance with the COSO polices;
  • Monitoring new and emerging internal control related guidance and issues and assist with facilitating group-wide training to interested and impacted stakeholders;
  • Providing consultation and subject matter expertise  for process and control related matters including evaluating severity of control deficiencies and related remediation efforts;
  • Interfacing with external auditors, regulators and others on control related matters; and,
  • Acting as a change agent for continual improvement of the control environment.

This individual will contribute to the development and leadership of the Business COSO team by

  •  Leading the offshore Business controls teams for EC&O at India & Philippines:
    • Partnering with process owners/control owners to oversee documentation of significant, in-scope processes according to corporate COSO policy (e.g., process narratives, process flow diagrams).  Additionally, assessing key risks and the appropriateness and completeness of key controls identified;
    • Performing walkthroughs of significant processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls;
    • Validating and challenging risk assessment conclusions, including assessing appropriateness and completeness of key risk and key controls identified;
    • Validating and providing challenge to identification of shared services, third party service providers, and significant applications
    • Overseeing the performance of COSO testing of key controls, including design effectiveness assessments and operating effectiveness testing
    • Confirming and challenging documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions
    • Analysis of the severity of control deficiencies, both individually and in the aggregate, and the impact to internal control over financial reporting
    • Assessing the components of internal control for the business unit
    • Evaluating the impact of control deficiencies to existing processes and controls
  • Building relationships and collaborating with key stakeholders in the applicable lines of business functions related to assigned process areas, SEC and Regulatory Reporting internal control infrastructures
  • Assisting with projects impacting the team including implementing the Company’s COSO-based  Regulatory Reporting Governance & Oversight Framework and the 2013 COSO Framework

Essential Qualifications
The successful candidate will be a highly motivated team player that is a self-starter who is accustomed to working in complex organizations with a diverse group of stakeholders, and someone who is able to withstand challenges and adapt accordingly.   This individual should have COSO documentation and testing experience.  Additionally, the candidate should possess a significant amount of professional presence and be accustomed to presenting material to senior executives.

  • 14+ years of experience in one or a combination of the following: Auditing, Accounting, Analytics, Reporting
  • 9+ years of Team management experience of a team size of 35 to 50 team members
  • A BS/BA degree or higher in accounting, finance, or economics
  • Excellent verbal, written, and interpersonal communication skills
  • Advance knowledge of PowerPoint and/or the creation of executive financial briefings

 •       Big four public accounting experience, A Masters of Business Administration (MBA) or a Certified Public Accountant (CPA) or a Chartered Accountant (CA) Designation
•        Experience with governance and oversight accountabilities
•        Experience with large financial institutions
•        Ability to prioritize, meet deadlines, and achieve goals and work under pressure in a dynamic and complex environment
•        Advanced knowledge of Excel, Power point
•        Ability to take on a high level of responsibility, initiative, and accountability
•        Ability to present to senior level executives
•        Practical experience performing Business audit/Business process re-engineering/process improvement
•        Strong critical thinking skills with ability to credibly challenge status quo; significant experience with continuous improvement of Business controls testing processes and results
•        Strong executive relationship management skills; ability to negotiate difficult positions without harming relationships
•        Experience integrating off-shore and/or third party resources into audit/ COSO testing organization



Salary Can be discussed
Industries Type ITES/BPO/KPO
Employement Type Full Time
Experience 10+
Education CA/CPA

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