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Role
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Control Ops Vertical Head
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Job Level/ Designation
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M3/GM
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Function / Department
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Finance / Corporate Assurance
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Location
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Mumbai
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Job Purpose
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To govern internal financial controls in the company to comply certain legislative requirements and to provide assurance to senior management that internal controls in the organizations are operating effectively.
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Key Result Areas/Accountabilities
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- Assess the effectiveness of ICFR controls in accordance with the ICFR framework of the organization.
- Assessment of various processes, identification of risks and designing controls to mitigate the risks. Discussions with Process Owners to finalize the design of the existing controls and requirement of additional controls.
- Compilation and drafting of Risk Control Matrix, documentation of the same. Conducting design effective and operating effective assessments.
- Governance over Control Self-Assessment (CSA). Quality Analysis of evidences submitted as part of CSA submissions.
- Control testing as per plan to cover around 25% of control evidences submitted in CSA. Discussions on the observations noted during testing with the stakeholders and plan remediation.
- RCM Finalization with auditors. Alignment of controls and sample size with auditors for DE, OE and Roll Forward testing. Coordination for control testing audit by Statutory/Internal auditors. Providing evidences on timely basis and handling queries of auditors.
- Redrafting of the DOA basis review and periodic monitoring and ensuring adherence to the DOA. Assisting business users to interpret the DOA correctly in case any query arises.
- Drafting/updating SOPs and Process notes.
- Driving Enterprise Risk Management related activities.
- Ensure compliance to various policies as part of Entity Level Controls (ELCs).
- Conduction monthly reviews. Leading, Evaluating, coaching, developing and guiding team members to cope up with changing environment like IND-AS, Companies Act, ICFR Guidance Note, etc.
- Retail Governance of pan India Vi stores: Review of Retail Audit Reports, and Engagement with Circle Finance and Retail Team, Analysing the repetitive audit observations and to drive corrective/preventive measures. Engagement with Corporate Retail Team with respect to Audit Issues. Governance over collection at stores.
Identification of areas of process improvement.
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Core Competencies, Knowledge, Experience
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- Exposure to SOX/ICFR
- Knowledge of Ind AS, Companies Act and ICFR Guidance Note
- In-depth knowledge of Finance/accounts.
- Audit background is preferred.
- Good working knowledge of MS Excel, SAP and Power Point.
- Excellent communication and interpersonal skills.
Must be able to work, at times, multiple assignments simultaneously
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Must have technical / professional qualifications
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CA
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Years of Experience
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Min 10 years
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Direct reports
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Yes
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