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Assistant Vice President - IT Control (COSO) - Bank Captive Unit
Posted on Feb 05, 2020    |    Bengaluru


Assistant Vice President - IT Control (COSO) - Bank Captive Unit - Job Details
Job Description

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 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 the 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.

- 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

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

Salary 45LPA
Employment Type:Full Time