Sr Analyst Controls and Compliance

Job Description

Position Summary 

The Internal Financial Controls & Compliance Sr Analyst is responsible for supporting the organization's adherence to internal controls over financial reporting, regulatory requirements and policies including SOX framework (Sarbanes-Oxley). This role involves monitoring compliance activities, conducting audits, control reviews, process walkthrough identifying risks, assisting in the development, review and implementation of controls for key processes such as P2P, O2C and R2R to mitigate financial and operational risks. The Controls and Compliance Team Member will also help in training people, monitoring compliance and quality metrics, and preparing the organization for local, Group and external audits. 

Key Responsibilities 

SOX Compliance & Process Controls 

• Assist in developing and implementing controls for Procure-to-Pay (P2P), Order-to-Cash (O2C), and Record-to-Report (R2R) processes. 

• Ensure all controls are effectively in place and functioning as intended to ensure robust internal control framework. 

• On gaps/issues/process enhancement identified in process - Initiate, Implement and monitor SOX controls to ensure compliance with financial reporting requirements. 

• Assist in the design, implementation, and testing of internal controls related to SOX compliance. 

          Risk Management 

• Identify potential control lapses, compliance issues and quality risks and assist in developing mitigation strategies. 

• Conduct regular risk assessments and implement corrective actions as needed by incorporating corrective, preventive control measures in SOX framework. 

Policy and Procedure Adherence 

• Develop, update, and enforce internal policies and procedures to align with regulatory requirements. 

• Conduct training sessions and awareness programs for employees on internal controls, compliance and regulatory obligations. 

Regulatory Compliance: 

•  Ensure adherence to relevant regulatory frameworks, including SOX, ICOFR, and other applicable industry regulations. 

Training and Development 

• Drive/co-ordinate with stakeholders on training requirements and ensure brainstorming sessions are conducted on regular basis. 

• Participate in regular training sessions to stay updated on leading practices and regulatory changes over Internal controls and financial reporting. 

Audit Preparation 

• Assist in preparing the Finance team for local and external audits by ensuring all compliance and quality controls are in place. 

• Collaborate with stakeholders to ensure timely audit requests closure by providing necessary documentation and evidence. 

Compliance Monitoring 

• Continuously monitor compliance with internal policies, controls framework and external regulations. 

• Update and revise compliance programs as needed to address new risks and regulatory changes. 

Quality Assurance & Reporting 

• Support the implementation of quality management systems. 

• Present regular findings/ issues and prepare summarised issues/ reports on internal controls review and compliances to senior management. 

• Provide insights and recommendations for improvement over SOX controls

Qualifications

Qualifications 

• Preferably Chartered Accountant or MBA Finance having proven experience over 3 years. 

• Bachelor's degree in a related field (e.g., Internal Controls, Certification in Internal Audit, Business, Quality Management, Compliance). 

• Proven experience in internal audit, compliance, etc. 

• Strong understanding of P2P, O2C, and R2R processes. 

• Excellent training and communication skills. 

• Ability to analyse data and generate actionable insights. 

• Experience with audit preparation and management. 

Skills and Competencies: 

• Highly motivated individual who is willing to take initiatives to enhance the internal control framework 

• Understanding on developing PowerBI visualization will make an edge 

• Strong analytical skills to assess compliance and quality issues. 

• Effective problem-solving abilities to address and mitigate risks. 

• Excellent verbal and written communication skills. 

• Ability to convey complex compliance and quality concepts clearly to various stakeholders. 

• Keen eye for detail to identify potential compliance and quality issues. 

• Ensure accuracy in documentation and reporting. 

• Familiarity with compliance and quality management software. 

• Understanding of industry-specific regulations and standards. 

• Ensure that compliance and quality initiatives align with customer expectations. 

• Strive to enhance stakeholder satisfaction through quality improvements. 

• Ability to adapt to changing regulations and industry standards. 

• Stay updated on the latest compliance and quality trends and best practices