Vice President - Internal Control - BFSI

Title: Vice President

Location: Gurgaon

Team : Internal Controls

Role:

- Ensure practical and robust Finance standards are rolled out in the region.

- Conduct assurance reviews.

- Ensure that all key risks within their activities and operations are identified, mitigated, and monitored by an appropriate control environment that is commensurate with risk appetite.

- Oversee remediation for controls assessed as - ineffective- or - needs improvement-, and challenge procedures covering areas under review.

- Assess adequacy of remediation of issues, including audit findings, internal control issues, and regulatory observations

- Highlighting areas of concern to relevant FIN policy and SOX team where deficiencies are discovered

- Ensure Internal Control within the Finance function in the sites are strengthen.

- Through site visits, check to ensure that sites maintain the internal control standards.

- Through site visits, ensure accurate and reliable information financial information is produced by the sites for internal and external reporting .

- Periodic site reviews to help to strengthen internal controls whereby Op Risk is minimized and reducing the likelihood of regulatory penalties and adverse audit comments.

- Key Liaison point for Operational Risk Indicators for the Finance team.

Challenges:

- Working in different regions where each site is unique and governed by their existing local regulations. Incumbent must be aware of the regulatory issues within each site where a review is being undertaken.

- Having to deal with Country CFOs and Senior Management proactively and confidently.

- Keeping abreast of all Finance issues (Policy, Reporting, Systems etc) in order to add value to the site visits.