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Posted on : 2020-03-20 AVP - IT Audit (COSO) - MNC Banks Captive Unit Location : Bengaluru
Last Date to Apply 2020-03-08
Job Description

Department Overview

Enterprise Finance function contains the Corporate Controllers division, which includes the Enterprise Controls & Oversight (ECO) group. The Enterprise COSO testing team is a component of ECO.  Enterprise COSO testing professionals and will have enterprise-wide exposure to key stakeholders within the external financial/risk/regulatory reporting infrastructure.

About the Role
As a component of the Enterprise COSO testing team, the IT COSO team supports the Company’s on-going objective of maintaining an industry-leading information technology control environment and is responsible for the following directives


Job description

  • Providing meaningful assessments of IT control environments impacted by financial, risk, and regulatory reporting;
  • Assessing adherence to Well Fargo & Company’s COSO based policies for IT controls impacted by internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going IT control adherence to COSO policies (proactive anticipation of internal control related matters); 
  • Monitoring new and emerging internal control related guidance and issues and assist with facilitating group-wide training to interested and impacted stakeholders;
  • Providing consultation and subject matter expertise for process and IT control related matters including evaluating severity of control deficiencies and related remediation efforts; 
  • Providing process and control support and thought leadership for projects;
  • Interfacing with external auditors, regulators and others on control related matters; and, Acting as a change agent for continual improvement of the control environment 



  • Leading the offshore IT General Controls (ITGC), IT Application Controls (ITAC) and Data Analytic Services (DAS) teams for IT COSO at EGS
    • Collaborating with IT process owners/control owners to oversee documentation of significant, in-scope processes according to corporate COSO policy (e.g., process narratives, process flow diagrams).  Additionally, assessing key risks and the appropriateness and completeness of key IT controls identified;
    • Overseeing the performance of walkthroughs of significant processes and ensure required COSO documentation is accurate and reflects relevant IT risk and key IT controls;
    • Partnering with IT process owners/control owners in the creation of process risk assessments (RAM) as well as validating and challenging risk assessment conclusions;
    • Validating and providing credible challenge to identified shared services, third party service providers, and significant applications;
    • Overseeing the performance of COSO testing of key ITGCs, including design effectiveness assessments and operating effectiveness testing;
    • Validating and challenging documentation of ITGC control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions;
    • Analyzing the severity of ITGC control deficiencies, and their impact to internal controls over financial reporting;
    • Overseeing the validation of corrective actions; 
  • Building relationships and collaborating with key stakeholders in the applicable line of business (IT) functions related to assigned process areas


Required Qualifications
10+ years of experience in one or a combination of the following: Finance, Accounting, Analytics, Reporting, Audit or leading a business, including 5+ years of management experience
Desired Qualifications 

  • A Masters of Business Administration (MBA) or a Certified Public Accountant (CPA) Designation (DQO0000031)
  • Knowledge and understanding of regulatory agencies: Federal Reserve and OCC (DQO0006555)
  • Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills (DQO0004946) 
  • Intermediate Microsoft Visio skills (DQO0010101)
  • Ability to prioritize, meet deadlines, and achieve goals and work under pressure in a dynamic and complex environment (DQO0004792)
  • Excellent verbal, written, and interpersonal communication skills (DQO0004971)
  • Ability to take on a high level of responsibility, initiative, and accountability(DQO0004877)
  • Ability to present to senior level executives (DQO0004791)

Other Desired Qualifications

  • Minimum four years Big Four/super regional public accounting firm experience in IT audit and/or IT SOX advisory/consulting service
  • Prefer one or more of the following certifications: CISA, CISM, CISSP
  • Minimum of five years of experience leading teams that perform IT audit and/or IT COSO ITGC testing at peer-size companies
  • Implementation of COBIT for ITGC test universe and ITGC test methods
  • Practical experience performing IT audit/IT COSO ITGC process re-engineering/process improvement
  • Strong critical thinking skills with ability to credibly challenge status quo; significant experience with continuous improvement of ITGC testing processes and results
  • Strong executive relationship management skills; ability to negotiate difficult positions without harming relationships

Experience integrating off-shore and/or third party resources into IT audit/IT COSO testing organization 

Salary 45LPA including Variables
Industries Type ITES/BPO/KPO
Employement Type Full Time
Experience 10+
Education B.TEch

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