Financial Controls & Compliance Manager - (SOX IT Controls & Compliance)
Cisco
Bengaluru, Karnataka, India
What You'll Do The right candidate will be responsible for supervising and assessing the internal control environment for Information Technology (IT) Controls to ensure compliance with various regulatory requirements. This includes Sarbanes Oxley Compliance, SOC (System and Organization Controls for Service Organizations), Data Privacy and Protection and other compliance standards impacting IT. You will assist Cisco in optimizing control activities, organizational strategy, and policies and procedures. You’ll conduct transaction testing, perform readiness assessments, and leverage various technical Information Technology controls (e.g., databases, operating systems, data warehouses, and reporting tools) to help assess Cisco’s IT control environment. You'll be part of a team responsible for crafting and updating process flows and control documentation, performing walkthroughs of controls, identifying and assessing the key controls that mitigate various compliance risks, perform testing of controls and document control deficiencies and communicate exceptions to Leadership. You should have a proven record of success with completing work you're doing related to the following: Identifying key risks and controls, knowledge of Sarbanes Oxley readiness, controls optimization, including the configuration of controls around security, business process and within IT environments. Collaborating with various IT departments and control owners to understand, assess and address financial (i.e., SOx) and other relevant operational and compliance risks and exposures. Evaluating Information Technology General Computer Controls (ITGCs) for in-scope systems that support the company’s internal controls over financial reporting for both design and operating efficiency. Key domains of ITGC assessment include: change management, access to programs and data, computer operations and systems development. Evaluating ITGCs over ERP systems including Oracle, SAP, Oracle Database, Web Development Tools, Unix, Linux and other relevant security technologies; Evaluating relevant SOC1 and SOC2 reports to assess the control objectives, control activities and entity user control considers as they relate to the control environment. Detailing the company’s evaluation of IT control deficiencies to resolve severity of the deficiencies and impact to the company’s internal controls over financial reporting based on PCAOB Auditing Standard No. 2201. Supervising remediation activities relevant to any IT control deficiencies and follow-up on remediation and retesting of the controls as necessary; Communicating and aligning on the nature, timing and extent of IT control testing with external auditors and share relevant control testing with external auditors for their use in the execution of their external audit. Identifying and recommending changes to improve efficiency as well as process for IT key controls and process flow. Conducting an analysis of internal policies, guidelines, procedures and processes to evaluate the accuracy and adequacy of internal controls, operations, and reporting impacting regulatory compliance requirements as needed. Providing direction and support to the IT Controls Owners for the design, collection, analysis and reporting of financial and operational risk data. Updating and maintain the IT control database; coordinate and facilitate the execution of control testing, review test work papers for quality and act as SME for key IT processes. Participating with other Risk Management teams to identify current and emerging risk exposures and develop appropriate risk mitigation strategies related to IT; and Conducting training sessions as needed with various IT organizations and IT control owners to communicate ongoing compliance requirements. Who You'll Work With You'll be part of the IT Financial Compliance & Operations (FCO) team. This team partners with the Business, IT, Risk Management and Internal Audit organizations to implement the IT Scope under a company-wide program for IT control compliance. This covers existing controls compliance and Control Readiness activities for prospective changes driven by key corporate critical initiatives. The IT FCO team is also an advisor to the IT organization that includes a broad scope of IT Compliance initiatives. You will operate as a Strategic Partner with key collaborators to include Project Teams, IT Process Leads, IT Control owner community and IT leadership, external auditors, Business Process Teams and respective multi-functional organizations. Who You Are You are an organized, driven and motivated individual with excellent organization skills with attention to detail. You are an effective communicator with good communication skills with the ability to work with multi-functional teams. You have a natural curiosity to learn about new regulatory compliance or understand groundbreaking programs and problems tackle these in partnership with SMEs in Cisco to implement the right set of controls that mitigate IT compliance risks. Our minimum requirements for this role: BA/BS degree with a strong academic record CPA or Certified Information Systems Auditor (CISA) license preferred. Big 4 Accounting Experience preferred. Public accounting Experience required. Project Management Experience 6+ years proven track record with an emphasis on evaluation of internal controls or operational risk in one or more of the following areas: IT Processes and General Controls, operational/enterprise risk management, audit, accounting, Sarbanes Oxley, Regulatory compliance or Resiliency & Business Continuity
