Job Description

About the team

Financial System Governance and Control (FSGC) will be set of individuals who would act as a central group to assist with internal controls and governance. Below is high-level overview of the team:

• Revenue Assurance: Team performs analysis of the transaction data to identify any trends, patterns which is unusual, and identify any fraudulent transaction. FSGC plays an important role in identifying the revenue leakages and plug those gaps on proactive basis.

• Internal Control: Team is responsible for designing and implementing internal controls relevant for various compliance requirements such as SOX, ICOFR, ABC (Anti-Bribery & Corruption) across all entities and subsidiaries of Flipkart Pvt. Ltd.

• FSGC Team plays an important role of Business Analyst and support in ensuring availability of IT Solutions to deliver timely, accurate information to the Finance team to perform Financial Reporting related activities.

The FSGC – Assistant Manager, Business Process SOX Compliance will have below high-level roles and responsibilities:

• Central team to design and implement SOX/ICOFR control framework related to Business Process. Perform comprehensive control design and operating environment reviews for all the in scope Business Processes.

• Guide the team members and review the work performed by the team. Maintain central repository for documentation of controls for all the in scope processes.

• Identify gaps in the control process and operating environment for all the in scope.

• Take proactive measure to mitigate the gaps and strengthen the business control processes.

• Report SOX Compliance status and required action plan to senior Management of Flipkart and coordinate with Internal Audit team and Independent auditors Single point of contact for SOX compliance related communication and escalation.

Roles & Responsibilities

Below are the roles and responsibilities of Assistant Manager, Business Processes SOX Compliance Team - FSGC:

• Manage the ICOFR program for Flipkart group

• Review the process and design and implement new controls to mitigate the gaps in process risks

• Assists the senior management in defining the control objectives and monitoring compliance efforts. 

• Manage organization’s compliance with the Sarbanes Oxley Act. Develops processes to ensure compliance with all SOX requirements.

• Designs and administers internal controls over financial reporting relating business process controls. Reports test results to the top management.

• Review test findings within the Internal/External Audit Team, facilitate the remediation of control gaps, and escalate possible critical issues to the senior management. Serve as a liaison between internal and external auditors. Stays abreast of changes in SOX regulations to ensure timely compliance.

• Identify areas of potential improvement for key processes and procedures and supports the management of the related processes and procedures. Responsible for maintaining and updating all aspects of the internal SOX compliance.

• Responsible for working with different business owners on implementation, execution and compliance with entity level controls. Evaluates the review and analyzes data pertaining to information systems functions relative to Sarbanes-Oxley compliance.

• Develop and conduct SOX compliance training to control owners and control operators.

Your Skills and experience

Your Experience and qualifications

• Applicants should be a University Degree holder (preferably Master degree), CPA or Chartered Accountant (or equivalent), with 6+ years of experience in SOX/Intern Audit/Internal controls.

• Expertise in review the process, identify the process risk and design new controls to mitigate the risk

• Update RCM as per business changes to reflect the current controls and risk matrix

• Strong knowledge of SOX, Internal controls. Big 4 public accounting experience or equivalent.

• Extensive knowledge of the internal control framework (specifically COSO) and a solid understanding of the concepts of control design and operational efficiency.

• Strong knowledge of SOX requirements and ability to assist with documentation of financial process controls to support operational as well as SOX compliance audits, including performing walkthroughs and developing process flow charts.

• Strong risk management experience, including performing assessments and audits, designing controls, managing enterprise control frameworks, and prioritizing risk.

• Fair understanding of ITGC and ITAC controls

• Experience of solving multiple and complex challenges.

• Exposure in audit planning and execution, controls operation, and handling audit queries with external/internal auditors.

• Strong governance, risk and assurance management background which encompass knowledge of corporate governance, control framework and risk.

• Aptitude for leading teams; influencing and galvanizing others to follow you toward a solution. Ability to guide and train team members.

• Strong interpersonal written and oral communication skills.

• Solid organizational skills along with an aptitude for information technology.

• Excellent analytical skills

• Understanding of business drivers and related risk and ability to interpret the relevant management information is appreciated.

• Good communication and Analytical skills.

• Having risk and controls mindset

• Ability to challenge and open to different views and opinions.

• Self-starter and ability to manage diverse cultural/ethnic sensitivities.

• Ability to deal effectively with complexity and having focus to details.

• Ability to prioritize and ensure delivery of priorities.

• Quick learner and resilient

Company Details

About Company

Flipkart

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