Internal Controls Assurance Specialist

Job Description

Description

• Job Description

An opportunity has arisen for an Internal Control Assurance Specialist to join our Group Internal Controls team based in Delhi.

The Group Internal Controls team is a second line of defence function, providing guidance, advice and support to the Company in relation to internal controls over financial reporting. Our purpose is to support with the development of effective internal controls over financial reporting and fraud risk in line with external standards and best practice.

We provide assurance and advice to help our business stay in control and demonstrate effective financial reporting risk management. Whilst Rolls-Royce plc is not US-listed, our internal control strategy at Rolls-Royce has been developed in line with the principles of Sarbanes-Oxley (SOX).

As member of the Group Internal Controls Team, based in Delhi, the Internal Control Assurance specialist will play a key role in the testing of design and operating effectiveness of financial reporting and IT controls. The role requires an experienced internal control specialist, with technical knowledge of US SOX and previous experience performing testing of financial reporting controls in a global environment.

The successful candidate would be assisting in delivering the Group’s internal control assurance test plan, execution and reporting. They will have the opportunity to work within a business environment undergoing transformation, interacting with a global network of control performers and contribute to a well-established, second line of defence assurance function. The size of the team provides the opportunity for all team-members to work alongside and communicate with senior management on a day-to-day basis.

Role

Reporting to the Internal Control Manager - India, the role will include:

• Planning and execution of global internal control testing as well as reporting the testing results
• Identifying control design and/or operational effectiveness weaknesses and validating these with the business
• Business partnering to support with the development of remediation plans to mitigate issues
• Providing regular reporting of the results of testing and timely escalation of delays/concerns where these arise
• Suggestions for continuous improvement through controls automation, rationalisation and simplification
• Supporting the business to perform controls impact assessments through process change and transformation
• Providing stakeholders (internal and external) with responses to specific controls related queries and general controls advice/best practice guidance
• Preparing information on key control themes and issues for reporting to the Group Head of Internal Controls, Financial Controllers, Finance Leadership Team and Audit Committee
• Supporting Internal Audit with assurance activities where required 
• Performing Balance Sheet Line Item reconciliation testing and providing coaching to the preparers and reviewers of reconciliations where issues are identified
• Support in performing Spreadsheet compliance testing in line with Group policy.

Qualifications and Skills

• Professional financial and/or audit qualification preferably qualified accountant (MBA, ACA / ACCA / CIMA)
• Experienced internal controls tester and ability to deliver testing remotely
• Experience in the delivery of SOX or internal controls testing
• Subject matter expert in establishing/maintaining effective internal controls
• Strong knowledge of internal control frameworks (such as COSO)
• Excellent communication and written skills with good analytical ability and attention to detail
• Desirable CIA qualification, basic understanding of IT general controls

The professional level and the salary of the position will be dependent on the skills and experience of the successful candidate.

Job Category

Posting Date