Finance Control Oversight (FCO), Vice President

Job Description:In Scope of Position-Based Promotions Job Title: Finance Control Oversight (FCO), Vice President Location: Mumbai, India Role Description About Finance Control Oversight (FCO) Finance Control Oversight (FCO) supports the Chief Financial Office (CFO) by providing an aggregated view of financial reporting risk and assisting in the management of these risks against the defined risk appetite. The team maintains strong regional connectivity and supports Chief Financial Officer (CFO) teams across the Americas, Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC) through independent assessment of risks, control issues, and related remediation actions.FCO partners with Finance and other stakeholders, including Infrastructure and Business teams, to implement and maintain a robust risk management framework covering SOx, Balance Sheet Substantiation, incident reporting, audit issue management, and broader non-financial risk oversight.About the Role The Vice President within the Finance Control Oversight team will play a key role in reviewing, managing, and strengthening the control environment for Accounting and Financial Reporting Risk. The role requires the individual to assess risks against appetite, identify control gaps, challenge issue assessments, and support timely remediation to ensure risks are appropriately managed.The role involves working closely with senior Finance stakeholders, regional Chief Financial Officer (CFO) teams, control owners, Group Operational Risk Management (ORM), internal auditors, external auditors, and other partner teams to assess the effectiveness of controls, evaluate control failures, and drive sustainable remediation plans.The Vice President (VP) will be expected to provide strong subject matter expertise across Sarbanes-Oxley (SOx), Balance Sheet Substantiation (BSS), incident reporting, self-identified issues (SIIs), audit lifecycle management, and preventive risk management practices.What well offer you As part of our flexible scheme, here are just some of the benefits that youll enjoy Best in class leave policyGender neutral parental leaves100% reimbursement under childcare assistance benefit (gender neutral)Sponsorship for Industry relevant certifications and educationEmployee Assistance Program for you and your family membersComprehensive Hospitalization Insurance for you and your dependentsAccident and Term life InsuranceComplementary Health screening for 35 yrs. and aboveYour key responsibilities Partner with Chief Financial Officer (CFO) teams to identify, assess, and remediate risks impacting Internal Controls over Financial Reporting (ICFR) within the Sarbanes-Oxley (SOx) framework.Assess financial reporting errors, operational loss events, and control failures to determine root cause, lessons learned, read-across impact, and required remediation actions.Perform scenario analysis and targeted reviews to identify potential control gaps, emerging risks, or weaknesses in the existing control framework.Evaluate the impact of changes in financial reporting processes, systems, or control frameworks and ensure appropriate risk coverage.Monitor financial reporting risk through key risk indicators, metrics, and reporting to determine whether risks remain within appetite tolerance.Prepare high-quality communications, presentations, and reporting packs for senior stakeholders, ensuring clear articulation of key risks, themes, and actions.The role requires a front-to-back understanding of issues, findings, and events to assess their impact on Internal Control over Financial Reporting (ICOFR) and to ensure appropriate escalation, ownership, and closure.Key Tasks Performed by the Vice President (VP), Finance Control Oversight (FCO) Provide independent oversight, review, challenge, and guidance on the effectiveness of the Internal Control over Financial Reporting (ICOFR) framework, including Sarbanes-Oxley (SOx) governance, control design, operating effectiveness, and remediation of control gaps.Support annual SOx scoping and risk appetite threshold assessments to ensure appropriate coverage of in-scope Financial Statement Item (FSI), Legal Entity (LE), Universal Business Reference (UBR) combinations.Manage and review SOx key control data in dbMonitor, including control set-up, amendments, deletion requests, user role updates, performer/tester assignments, workflow owner changes, and Monitor and remediate dbMonitor data quality issuesGovern annual design certification responses, follow up on unfavorable responses, confirm remediation plans, and ensure control descriptions, coverage, supporting reconciliations, data feeds, personnel changes, applications, vendors, and EUDA are appropriately assessedPrepare and support Design and Operating Effectiveness (D&OE) assessments, including review of control failures, SOx fails, deficiencies, assurance results, control testing outcomes, and management responses.Assess findings, operational events, timing .