As a SOX Control Officer, you will be part of the Non-Asia Business Partner Services Team in Control Hub based in Manila but will functionally report to the SOx Product Owner in the ODCR team based in Netherlands. You oversee the coordination of the yearly planning of SOX404 activities. Amongst others you will assist reporting entities to become and remain SOx compliant by ensuring the requirements of the SOx content binder are met, sufficient controls (both tailored as unique) are implemented to mitigate the financial reporting risks, and the operational effectiveness of these controls is proven. Business Partner will interact with senior management and stakeholders of the different locations and departments and will report to the Business Partner Expertise Lead in Manila.
Key Responsibilities
- Provide advice and support to the assigned entities with regards to the compliance of the activities set by the SOx Content Binder. This includes amongst others support on identification of financial reporting risks and mitigating controls, design control frameworks (PCDM), ensure process and control documentation, creation and monitoring audit planning, impact assessments on audit findings, assessments of compensating controls, support on control evaluation and sign offs, assessments control of internal and external service providers, maintenance scope agreements
- Enable process owners to identify financial reporting risks and mitigating Sox controls and IT application controls of finance-related frameworks (eg. PCS FRR, EUC, FSCP) and product frameworks (eg. Financial Markets, Lending and Transaction Services)
- Ensure audit requirements are met during internal and external walkthroughs
- Regularly align and follow up with stakeholders amongst others Financial Control Officers, external auditors, management/control owners, Risk Management (SLM), service recipients, Group Finance, SME or IT teams and testers (KCT/FLM)
- Tailor global instructions from Group Finance/RCM and Risk Management (SLM) to local control environment and control frameworks. Coordinate with Control Owners to attain an adequate and effective implementation and execution of controls, including mitigating identified risks in associated relevant business processes
- Create and monitor progress of overall audit planning. Align with external audit teams and SME/IT teams on the planning. Schedule audit/walkthrough meetings and monitor action points. Escalate to the Product Owner and Financial Control Officer in case of impediments
- Advise control owners on audit approach, control effectiveness, severity findings, content of test scripts and oversee test planning KCT team to comply with Sox requirements
- Facilitate risk assessments, perform desk research, prepare input documentation, document conclusions, update control frameworks, arrange sign off on minutes risk assessment and revised frameworks
Key Capabilities/Experience
- 5+ Work experience in a Banking or Business Control, Risk, and or Internal Audit (within Bank or outside) environment
- Knowledgeable in the Sarbanes-Oxley Act and the COSO internal controls framework
- Experience in conducting Non-Financial Risk Assessments is a must, plus knowledge of assessing level of Residual Risk (after mitigating controls are deemed effective) is an advantage
- Worked in a 3 Lines of Defense environment is an advantage
- CPA (RA/RE/RC) /CIA/CISA/higher degree in Risk Management is preferred
Minimum Qualifications
- A graduate of any of the following disciplines: Banking and Finance, Business Management, Accounting, Finance etc.
- Proven ability to build strong relationships and collaborate across a cross-functional team and influence senior leaders
- Strong team player, self-starter and motivator, capable of working independently with minimal supervision
- Experienced or exposed to working in an international / global financial institution
- Strong analytical, problem solving, project management skills with demonstrated proficiency in managing multiple projects simultaneously
- Strong English written and oral communication skills with proven success in influencing business decisions
- Strong and strategic thought leadership to identify business needs and provide efficient and practical solutions