Senior - FAAS - Process & Controls

Senior, FAAS, EY GDS Assurance

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services wedeliver help build trust and confidence in the capital markets and in economies the world over. We developoutstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a criticalrole in building a better working world for our people, for our clients and for our communities.EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young GlobalLimited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee,does not provide services to clients. For more information about our organization, please visit ey.com.

About EY Global Delivery Services (GDS) Assurance

EY Global Delivery Services (GDS) Assurance practice supports global EY client-serving teams with their reviewsacross industry sectors, including financial services, manufacturing and technology, among others. Through theright multidisciplinary team of professionals with the sector knowledge and subject matter expertise, EY GDSAssurance enables EY client teams in over 30 countries to help world's leading companies meet their auditrequirements.

Position Summary

As an SOX professional, the individual should be a qualified CA/CPA/ACCA/MBA with extensiveexperience in IFC and a firm grasp of the SOX audit processes and methodology. The individual getsan excellent opportunity to interact with senior management as well as the opportunity to enhance yourskills in the areas of technical competency, business development, client service and peopledevelopment.

In this role, you will be responsible for team handling on large projects encompassing the entire gamutof SOX from conceptualization to crafting to implementation of the entire SOX program includingdocumentation and control testing, evaluating internal controls, reliability of financial reporting,compliance with applicable laws and regulations and effectiveness and efficiency of operationsincluding cost management. This should be a SOX framework implementer role.

Primary Responsibilities

You'll work as part of a team of problem solvers, helping to solve complex business issues from strategyto execution. Your responsibility for this role includes but are not limited to:

• Responsible for execution of SOX, IFC Designing, walkthrough & Implementation, Business Process Review,
• Creation & mapping of Business Flow charts with RCM etc. (individually and as a team). To Perform riskassessment procedures, including identification of significant accounts & classes of transactions, mappingof business processes and provide comprehensive input to the development of a risk-based annualinternal audit/SOX audit plan.
• Prepare SOX documentation such as process flowcharts, process narratives and risk and controls matrix.
• Design attributes, perform test of design and operating effectiveness of control so suggest improvements
• in the process by assessing risks and controls related to business imperatives, identify gaps, and assist inremediation.
• Plan, implement, coordinate, and execute all phases of SOX compliance, (to include leading walkthroughsand identifying/validating key controls, developing test procedures, executing, and documenting testing,and reporting results to Management).
• To Ensure clear, concise, actionable, and practical observations and recommendations, with a well-documented process for communication and resolution with clients on SOX deficiencies observed. Understand client(s) requirements, respond promptly to client requests and enquiries, and consistently meet client needs
• Support Managers/Senior Managers in the process of preparing audit plans, audit program, testing andreports Work with existing processes/systems whilst making constructive suggestions for improvements.
• Demonstrate critical thinking and the ability to bring order to unstructured problems. Able to readsituations and modify behaviour to build quality relationships. Responsible for quality and timeliness ofdeliverables, including conclusions on control effectiveness and impact of control deficiencies.

Qualifications, skills and experience

To qualify, candidates must have:

• Chartered Accountant (CA), CPA (US) or ACCA (UK) with 3+ years of experience with a large GlobalCorporate Process, Risk and Control department and/or similar experience
• MBA degree is a plus
• 2 to 7 years of relevant experience in SOX/IFC Designing & Implementation (preferably from the
• Risk Advisory practice of a Big 4 or reputed Consulting firms, else exposure to SOX in Industry will also do)
• Experience in conducting risk assessment procedures pertaining to financial reporting, process flow mapping, design, and documentation of RACM, controls testing, evaluation of controldeficiencies and remediation plans Should be able to understand complex business situations,risk, and controls in ERP environment, identify gaps and suggest leading practices along withsolid understanding on PCAOB requirements and COSO framework
• Should be process oriented and have strong analytical skills Should understand financialstatements under Indian/US GAAP Have knowledge and understanding of SOX Framework
• Should possess excellent communication and report writing skills Capability of dealing with bigclients Ability to handle pressure and manage complex situations Consistently demonstrateteamwork dynamics by working as a team member: understand personal and team rolescontribute to a positive working environment by building solid relationships with team membersand proactively seek guidance, clarification and feedback. Strong working experience of Excel,Visio, Word and other MS Office applications.