Assurance Risk & Internal Control Team Lead

Role Description:

Service Line:

Industry/Sector:

Job Title

Assurance Risk & Internal Control Team lead

Looking for a suitable candidate with 7+ years of professional experience in the areas of Risk Assessment and Internal Controls. The professional should ideally have a good understanding of Business process Intensive knowledge for all key business processes like Purchase to Pay, Inventory, Order to Cash (Revenue process), Record to Report, Human resources and Payroll, Tax and Legal compliances. The professional should ideally have a strong understanding of IT General controls (ITGCs) around Applications, Database, Operating Systems, Middleware, Networks, IT Application Controls, IT Attestation (SOC1SOC 2 etc.), Good understanding of commonly used OS, DB, network structures and server management. Relevant experience in IT Audit, IT Security, Information Risk Management, IT Governance. Relevant experience and exposure to J SoX compliance or similar compliances on Internal Financial controls and assessment is recommended. The professional will be responsible for end-to-end evaluation of Risk and Internal Controls which involves performing Design Effectiveness assessment, operating effectiveness testing and evaluation of control gaps and draft remediation for implementation of the gaps identified as part of the Controls Assessment.

Roles and Responsibilities

• Responsible for planning of Internal controls testing for the BUs (Business units) or set of countries as allocated for a large Global Company and IT General Controls (ITGC) assessments across multiple systems and environments.
• Assist team members (Tester) to conduct Walkthroughs of the business processes and creation of the process documentation and the flow chart of the same. Review design and operating effectiveness of key ITGCs, including access management, change management, and IT operations.
• Asist team members (Tester) in relation to Operating effectiveness Assessment of Internal controls covering business processes to ensure compliance with PCAOB requirements. Identify gaps in design and execution and communicate issues and recommendations to IT Compliance team and control owners.
• Review of SoX testing and testing results in line with internal controls methodology and pre-defined testing procedures
• Ensuring the quality of Testing documentation is in line with SoX Compliance standards.
• Collaboration with BU ICM and IT compliance team to discuss and align identified deficiencies in relation to design assessment & operating effectiveness of the controls.
• Assist in coordinating audit efforts with BU ICMs, business process owners, control owners and external audit team.
• Adherence to the Global Internal Controls compliance methodology and instructions from time to time.
• Assist in preparation of J-SoX reporting & preparation of J-SoX scoping.
• Collaborate with external auditors to facilitates seamless audit process and address any identified issues promptly.
• Effective and proactive communication with Global Compliance team as required.
• Ability to work under strict timelines and at pressure situations to manage the timelines of delivery.
• Open to work under global time zones as required.

Qualification

• Ideally MBA in Finance/Accounting or CA/bachelors degree in business or accounting, Certifications such as CISA, CISSP, or CIA.
• Knowledge of SoX, Internal audit, Internal controls, IT audit and ITGC
• Knowledge of ERPs like S4 Hana/ SAP / Oracle/ JDE / etc. and their native application controls will be preferred.
• Knowledge of flowcharts design and process improvements.
• Ability to exercise professional skepticism and judgement while evaluating risks and controls mapping.
• Ability to effectively interact with internal/external team and work well within a collaborative team.
• Excellent verbal and written communication skills