Sr.Con - SOX Control Enhancement Presentation and Disclosure of FS

Role: SOX Control Enhancement IFRS 18 Presentation and Disclosure in Financial Statements - Financial Services (Banks)

Location: Hyderabad/Gurgaon/Chennai/Bangalore/Mumbai

Level: Assistant Manager

Qualifications & Experience:

• Chartered Accountant (Preferred), ACCA or MBA
• 4-5 years of relevant experience

Skills:

• IFRS Conversion: Understand, interpret, assess impacts on financial statements as per IFRS 18 (amended standard to IAS 1)
• Internal Controls over Financial Reporting (ICFR): Design and assess effectiveness of ICFR as part of SOX 404 compliance, including documentation and remediation of control gaps
• Controls GAP assessment: Conduct gap assessments between existing financial reporting controls and new IFRS 18 presentation and disclosure requirements.
• SOX Control Design & Enhancement : Collaborate with accounting policy, financial reporting, and internal controls teams to design and update control framework and processes aligned with revised IFRS 18.
• Issue Resolution & Remediation : Investigate control deficiencies and lead remediation efforts. Track and report on remediation progress and effectiveness.
• Documentation & Testing : Maintain comprehensive documentation of control processes, narratives, and risk control matrices (RCMs).Coordinate and perform walkthroughs and control testing in collaboration with internal audit and external auditors.
• Stakeholder Collaboration : Work closely with finance, IT, compliance, and audit teams to ensure controls are embedded in business processes. Provide training and guidance to control owners and process leads.
• Process Improvement & Automation : Identify opportunities for automation and standardization of control activities. Support system upgrades and transformation initiatives with a focus on control integrity.
• Reporting & Governance : Prepare reports for senior management and audit committees on SOX compliance status, control effectiveness, and risk areas. Monitor regulatory changes and update control frameworks accordingly.