VP - SOX Compliance - Financial Control Oversight Leader - BFSI

Role:-

The Financial Control Oversight Leader will play a key role in the oversight and management of Bank of America's Global SOX Program, ensuring financial reporting risk is managed in accordance with applicable SEC Regulations. The position will work closely with the Global SOX Program Office in providing the enterprise-wide framework, methodology, procedures/guidelines for SOX compliance, including activities supporting the quarterly and annual CEO and CFO SOX certifications. This position will interact with all levels of management, lead and drive process improvements, and gain exposure to a wide variety of the Company's businesses as part of an expanding SOX Program Office. The position will also be responsible for managing oversight functions regarding general ledger account ownership and reconciliations. The position will lead a team of finance professionals (based in Gurgaon and Hyderabad) and report to the leader of the Finance and Accounting Knowledge Center in India.

The FAKC (Finance and Accounting Knowledge Center) was set up in 2007 as a part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. The capabilities hosted include Accounts Payable, General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support and Supply Chain Management.

Over the years, the scope of FAKC has been expanded to include operations for other enterprise control functions like Human Resources and Risk and Compliance.

Responsibilities:-

- Assist in managing the overall SOX process including financial statement risk assessment, scoping, process and control identification, documentation, as well as deficiency assessment and reporting

- Work with the Global SOX Program Office in developing a proactive control monitoring and change management program and also strengthen existing GRC system and process capabilities to support SOX assessment and reporting

- Enhance deficiency management framework, including completeness and timeliness of enterprise-wide SOX issue identification and assessment

- Partner closely with controls / compliance team within the different business units globally as well as internal and external auditors

- Prepare reports/presentations on the status of the compliance process for stakeholders including, but not limited to, process owners, senior management, executive management (CAO, CFO, CEO), Deficiency Evaluation Council, Disclosure Committee, and Audit Committee

- Strengthen enterprise-wide compliance program with SOX requirements surrounding third party vendors

- Train new or existing process and control owners on SOX compliance processes, including preparation for testing performed by Corporate Audit

- Stay current on new technical literature applicable to the internal control process (e.g., PCAOB guidance, SEC, etc.)

- Manage governance functions regarding GL account ownership and reconciliations, working closely with the Global Financial Control US leadership team.

For more details call at 0124-7110427