Emerging Leader, Sox Compliance

State Street.
Bangalore, India
Not disclosed
05 Aug 2022
30 Aug 2022
Contract type
Full time
Experience level
Qualified accountant

Basic Purpose of Job:

The SOX team is a second line of defense, supporting the company's assurance functions for SOX compliance including testing of controls and management's certification programs for SOX. Key functions of the group include determining the material accounts, business areas/locations, and risks required to be addressed as part of the SOX program, working with business and accounting personnel to identify controls throughout the organization that mitigate financial reporting risks, testing identified controls, and supporting the remediation of control deficiencies identified.

Responsibilities & Tasks Include:

  • Assist with enterprise-wide scoping of accounts and disclosures (includes both quantitative and qualitative considerations), SOX critical applications, spreadsheets and models, and third party service providers (e.g., SOC 1 reports)
  • Create and maintain process documentation i.e., process flowcharts, risk and control matrix, etc. by conducting walkthroughs
  • Assess, design, document and test the operating effectiveness of the key SOX controls
  • Maintain detailed workpapers for the walkthroughs and testing
  • Develop and implement processes and control improvements to remediate exceptions identified
  • Provide updates to management as needed
  • Review enterprise-wide issues / findings to determine those impacting SOX and, as applicable, perform control deficiency assessments to conclude on severity
  • Partner closely with Internal and External Audit to understand findings from testing performed
  • Identify and drive transformation efforts to continue to enhance the functionality of the SOX Compliance Program
  • Stay current on new technical literature applicable to the internal control process (e.g., PCAOB guidance, SEC, etc.)

Job Requirements:

Education and Experience:

  • Bachelor’s Degree in Accounting, Chartered Accountant (CA) and Certified Public Accountant (CPA) or MBA-Finance with 4-6 years of progressive experience in major financial institutions working in SOX Compliance auditing experience; preferably financial services and/or Big 4
  • Certified Internal Auditor is a plus
  • Familiarity with SEC requirements associated with the Financial Services Industry

Skills/ Knowledge:

  • Strong communication skills, both verbal and written, and ability to research accounting guidance when necessary
  • Ability to converse with management at all levels regarding internal controls, infrastructure, compliance & risk management, and accounting
  • Ability to work in a fast-paced, dynamic environment
  • Ability to work independently, prioritize and multi-task
  • Commitment to continuous learning and maintaining subject matter expertise on SOX and related regulations, methodologies and best practices

The above information on this description has been designed to indicate the general nature and level of work. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of an employee assigned to this position.

For further information, and to apply, please visit our website via the “Apply” button below.

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