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Job description
Role Summary The Financial Controls Oversight (FCO) Team within the Corporate Functions & Financing Business Risk Management (CF BRM) organization provides oversight and management of State Street’s Global SOX Compliance program, ensuring financial reporting risk is managed in accordance with applicable SEC regulations. The FCO team provides the framework, methodology, policies, procedures, and guidelines for SOX Compliance, including activities supporting the quarterly and annual CEO and CFO SOX certifications. The FCO team also ensures existence of an optimized and sustainable internal control over financial reporting environment and provides independent assurance through testing State Street’s Internal Controls over Financial Reporting.
Reporting to the Head of Financial Controls Oversight Team, the Vice President will be a key member of the FCO global leadership team and will work closely with our business and external auditors in driving the successful completion of the annual SOX program. The Vice President will manage all members of the team in Bangalore on an effective and sustainable internal control over financial reporting program.
Responsibilities
Oversight of the Company’s Internal Control over Financial Reporting compliance to Sarbanes-Oxley requirements
Actively engage and drive improvement in all aspects of SOX Compliance, including but not limited to, annual planning, financial statement risk assessment / scoping, identification, evaluation and remediation of deficiencies, and management reporting to support quarterly and annual CEO and CFO SOX certifications
Manage and perform annual and quarterly SOX scoping assessments to identify the significant general ledger accounts, business processes, geographical locations, and key systems and/or applications that may have high exposure to financial statement misstatement risks
Review and assess the significance to SOX controls and materiality of all non-SOX testing program owned issues that are identified by First, Second, and Third Line of Defense
Evaluate SOX controls deficiencies under PCAOB standards for forming quarterly and annual SOX opinion and document in memo format the assessment of the deficiencies
Assess the financial statement risks and analyze the overall impact for ad-hoc issues / events / incidents
Partner with external audit teams to understand audit requirements and PCAOB focus areas for timely integration into SOX program management
Participate in the preparation of monthly SOX effectiveness reporting and SOX control deficiency reporting
Drive change management and AI-driven process optimization initiatives to improve efficiency, strengthen scalability, and maintain an optimized control environment
Continuously develop a dedicated team to support execution of a best-in-class SOX Compliance program
Earn a reputation as a leader and subject matter expert to the organization on Internal Control over Financial Reporting
Qualifications and Experience
Certified Public Accountant
Strong accounting background with theoretical and practical knowledge of US GAAP, SOX 404, and SEC financial reporting standards
10+ years of progressive SOX Audit experience, Big 4 firm practice testing controls; preferably financial services
Stay current on new technical literature applicable to internal control over financial reporting (PCAOB guidance, SEC, etc.)
Strong written communication skills
Collaborative, quick learner, team player and good under pressure, ability to multi-task and participate in various projects/process improvement; ability to effectively challenge and influence
Ability to prioritize and drive results in a deadline driven environment while maintaining attention to detail and accuracy
Strong project management, time management, and organizational skills
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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