COSO Business Leader with leading MNC Bank @ Bangalore

Exp : 12 - 20 Years

Candidate should be handling a team of 30+ employees.

Should be from CA/CISA etc

Department Overview : 

Enterprise Controls & Oversight ("EC&O") within the Controller's Division is a governance and oversight team dedicated to internal control over financial, regulatory, and risk reporting. We work together to consistently support and monitor our system of internal control over reporting, identify opportunities for increased efficiency and effectiveness, and achieve our commitments to stakeholders, and regulators.

About the Role :

Role is Business COSO Leader

Eligible for AVP Corporate title

Must have skills:

1.COSO and SOX in banking and financial service industry for more than 5 years .

2.Should have managed a team size of 50+

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 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;

- Interfacing with external auditors, regulators and others on control related matters; and,

- Acting as a change agent for continual improvement of the control environment.

Responsibilities:

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

- Leading the offshore Business controls teams for EC&O :

- 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.

- 15+ 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 25 to 40 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

Desired Skills:

- 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

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.