Description
Who is USP?
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The U.S. Pharmacopeial Convention (USP) is an independent scientific organization that collaborates with the world's top authorities in health and science to develop quality standards for medicines, dietary supplements, and food ingredients. USP's fundamental belief that Equity = Excellence manifests in our core value of Passion for Quality through our more than 1,300 hard-working professionals across twenty global locations to deliver the mission to strengthen the supply of safe, quality medicines and supplements worldwide.At USP, we value inclusivity for all. We recognize the importance of building an organizational culture with meaningful opportunities for mentorship and professional growth. From the standards we create, the partnerships we build, and the conversations we foster, we affirm the value of Diversity, Equity, Inclusion, and Belonging in building a world where everyone can be confident of quality in health and healthcare.USP is proud to be an equal employment opportunity employer (EEOE) and affirmative action employer. We are committed to creating an inclusive environment in all aspects of our work—an environment where every employee feels fully empowered and valued irrespective of, but not limited to, race, ethnicity, physical and mental abilities, education, religion, gender identity, and expression, life experience, sexual orientation, country of origin, regional differences, work experience, and family status. We are committed to working with and providing reasonable accommodation to individuals with disabilities.
Brief Job Overview
The summary should be a brief, high-level description of the job responsibilities. Include 3-5 sentences that give a BRIEF overview of the position.
Establishing risk controls matrix, performing process tests, rationalization of risk controls, support in internal audit & support in identifying risk & define controls to mitigate the risks in the processes
How will YOU create impact here at USP?
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In this role at USP, you contribute to USP's public health mission of increasing equitable access to high-quality, safe medicine and improving global health through public standards and related programs. In addition, as part of our commitment to our employees, Global, People, and Culture, in partnership with the Equity Office, regularly invests in the professional development of all people managers. This includes training in inclusive management styles and other competencies necessary to ensure engaged and productive work environments.
The Business Control Specialist Role Has The Following Responsibilities:
- Assist with Walkthroughs and Documentation, Performing Test of Design and Operating Effectiveness of the Process Controls, ensure that the testing is done in alignment with testing procedures and control description given in the Risk and Control Matrices/SOPs, resolve any questions/clarifications raised by team members.
- Conduct Internal Audit of Finance, HR, Procurement, and other functions under the supervision of Business Controls Manager.
- Assist with SOP/Policy and Risk and Control Matrices Review.
- Execution and documentation of IFC (Internal Financial Controls) Audit.
- Perform and interpret business process gap analysis and provide appropriate recommendations.
- Assist in Identifying business process risk and developing mitigation strategies.
- Report on audit findings to management and provide steps to help remediate deficiencies noted.
Who is USP Looking For?
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The successful candidate will have a demonstrated understanding of our mission, commitment to excellence through inclusive and equitable behaviors and practices, ability to quickly build credibility with stakeholders, along with the following competencies and experience:
Key Responsibilities
- Design, implement, and evaluate the effectiveness of business controls within operational processes to ensure compliance with regulatory requirements and corporate policies.
- Collaborate with cross-functional teams to identify business risks and develop mitigation strategies.
- Provide recommendations for improving processes to enhance operational controls, reduce risk exposure, and optimize business performance.
- Monitor the effectiveness of implemented risk mitigation strategies and adjust as necessary.
- Coordinate with internal and external auditors during audits.
- Develop and execute control testing programs to assess the design and operating effectiveness of internal controls.
- Prepare reports for senior management outlining key findings, risks, and recommended corrective actions.
- Present control testing results and offer guidance on risk management and control improvements.
- Support the development of awareness programs to strengthen control and compliance culture across the organization.
- Continuously monitor and assess business processes to identify opportunities for improving control efficiencies and reducing operational risks.
Basic Qualifications And Experience
- Semi-Qualified/Qualified CA, BBA/MBA (Finance) with Internal Audit Knowledge.
- 3 – 5 years performing Internal Audit for a global organization.
- Experience in running reports, doing analysis, and compiling metrics and dashboards.
- Experience in designing and implementing internal controls and risk mitigation strategies.
- Knowledge of Internal control concepts (e.g., Preventive Controls; Detective Controls; Anti-Fraud Controls; etc.)
- Strong proficiency in Microsoft Office applications (Advanced Excel Skills)
Additional Desired Preferences:
- Familiarity with the Standards of the Professional Practice of Internal Auditing as issued by the Institute of Internal Auditors (IIA).
- Strong ability to prioritize tasks and manage time effectively in a fast-paced environment.
- Proven experience in critical thinking and applying analytical skills to problem-solving.
- Excellent written and verbal communication skills, with the ability to convey complex ideas clearly to a variety of stakeholders.
- Ability to influence without direct authority, fostering collaboration and buy-in across teams and departments.
- Results-driven with a history of successful outcomes in achieving organizational goals.
- Ability and eagerness to collaborate with diverse employees and customers in a cooperative and friendly manner.
- Ability to manage multiple priorities effectively in a dynamic, high-pressure environment.
- Flexibility to work outside regular hours when required to meet project deadlines or business needs.
Supervisory Responsibilities
NA
Benefits
USP provides the benefits to protect yourself and your family today and tomorrow. From company-paid time off and comprehensive healthcare options to retirement savings, you can have peace of mind that your personal and financial well-being is protected.Note: USP does not accept unsolicited resumes from 3rd party recruitment agencies and is not responsible for fees from recruiters or other agencies except under specific written agreement with USP.
Job Category
Accounting & Finance
Job Type
Full-Time
