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SOX Compliance - Team Lead

State Street Corporation
Bangalore, India
Closing date
Jul 31, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Senior Associate - SOX Compliance Program (FCO)

The Financial Control Oversight (FCO) department is responsible for the execution of Sarbanes Oxley (SOX) program across the entire organization of State Street. Key functions of this group include determining the material accounts, business area locations, and risks required to be addressed as part of the SOX program, working with business and accounting personnel to identify controls throughout the organization that mitigate financial reporting risks, testing identified controls and supporting the remediation of control deficiencies identified.

FCO department within the Controllers' Hub is looking for finance professionals who have prior exposure to Internal Audit and SOX Compliance testing. The individual should have the ability to interpret SOX requirements, test & evaluate controls. Ability to manage stakeholder expectations and working closely with a wide cross section of teams within the Finance organization.

Key Responsibilities:

  • Assist with enterprise-wide scoping of accounts and disclosures (includes both quantitative and qualitative considerations), spreadsheets and models, and third-party service providers (e.g., SOC 1 reports)
  • Assist with creating and reviewing process documentation including, but not limited to, process flowcharts, risk and control matrix
  • Assess, document and test the operating effectiveness of the key SOX controls while maintaining quality and timeliness
  • Maintain detailed workpapers for the walkthroughs and testing
  • Maintain strict deadlines for population/sample request and proactive action on PBC of samples from BU with effective communication
  • Assist with enterprise-wide issues findings to determine SOX applicability and perform control deficiency assessments to conclude on severity, update reporting system and close remediation testing on time
  • Partner closely with Internal and External Audit to understand findings from testing performed
  • Assist with Information technology SOX compliance

Qualifications and Experience:

  • Chartered Accountant (CA)/Certified Public Accountant (CPA)/MBA Finance with 5 plus years of progressive experience in major financial institutions working in SOX Compliance auditing experience preferably financial services and Big 4
  • Strong accounting background with theoretical and practical knowledge of US GAAP, SOX 404 and SEC financial reporting standards
  • 3+ years of continuous experience in a Big 4 firm practice testing controls at large public clients
  • Degree in accounting, information technology, or related field
  • Strong time management and organizational skills
  • Ability to work independently, takes ownership, prioritize and multitask and maintain effective communication skill
  • Ability to work in a fast paced, detailed and deadline-oriented environment and be a quick learner
  • Commitment to continuous learning on SOX compliance and related regulations, methodologies and best practices
  • Flexible to adopt situation-based decisions, should be goal oriented thinker, with ability to identify creative ideas & solutions
  • Strong interpersonal, oral and written communication skills; ability to effectively challenge and influence
  • Should have healthy experience working in Excel, Access, PDF and Visio

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