Financial Controls & Compliance Manager

Job Description

268985BRFinancial Controls & Compliance ManagerJob DescriptionFinancial Controls & Compliance Ensure compliance with the Internal Controls over Financial Reporting, Novartis Financial Controls Manual (NFCM) and SOX 404 requirements Execute end to end process walkthroughs and gain deep understanding during the reviews to ensure proper control design and segregation of duties Support in- country FCC/FSC to identify root causes of control deficiencies Recommend remediation actions and track for timely closure, support these activities as appropriate Consult with the respective functions, when required, to deliver integrated and aligned across respective functions solution / advice to the management Support SOX 404 attestation processes. Support transitions and knowledge transfer, monitoring critical deliverables. Provide/initiate training on compliance requirements to controls owners. Business processes Understand business processes; review process documentation and have a good understanding of key risks and mitigating controls. Review implementation of standard processes as defined in the Finance Core. Review extent of harmonization of processes and controls. Identify root causes of problems and recommend controls or business process improvements. Reporting packages and accounts reconciliations review Ensure compliance with IFRS and Novartis Accounting Manual (NAM) through execution of reviews of the reporting packages of the units to ensure that they are free from material misstatements. Improve and ensure the quality of account reconciliations via reviews. Internal & External Audits Support for internal and external audits, if required Support for remediation of agreed actions. People Management Live the Novartis Values and Behaviour (Innovation, Quality, Collaboration, Performance, Courage and Integrity). Role model a leadership style which is inclusive, proactive, result- oriented and customer- focused attitude, while driving continuous improvement and change. Identify and manage guest reviewers to deliver a high- quality reviews, drive a high degree of collaboration across the organization. Liaison/coordination with stakeholders including in- country FC&C team, CFOs, IA, ext. Audit and Corporate Financial Compliance (CFC). Other Drive cooperation and alignment with in- country team. Ensure to be up- to- date on periodical changes on compliance requirements. Lead and coordinate ad hoc projects or tasks of FCCR Global team.Minimum requirementsUniversity Degree in Economics or Business Administration (or equivalent), specializing in Finance/Accounting/Auditing Education Appropriate financial qualification ACCA, CPA, CISA, CIA (or equivalent Fluent in English both written and spoken Overall at least 10+ years post qualification experience in complex, multinational business setup Big 4 experience (in assurance departments, including statutory audit) Management and development of people Solid knowledge of the methodology for the external audit of financial statements Strong knowledge of SOX requirements and business processes Project management skills (ability to plan, monitor and finalise the work of team up to 5- 8 people, support people in case coaching is needed) Experience in standardization and harmonization of processes and controls Solid communication skills, ability to understand and address the needs of the stakeholders, good interpersonal skills Good reports writing skills which enable to deliver the key observations and issues for stakeholders for latter to clearly understand underlying risks/ route causes and impact of the issues to the business / financial statements Pharma industry and shared services experience is a plusDivisionNBS Business UnitFRA Operations NBS CountryIndia Work LocationHyderabad, AP Company/Legal EntityNov Hltcr Shared Services IndFunctional AreaAudit & Finance Job TypeFull TimeEmployment TypeRegular,

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