Bangalore / Bengaluru
4 years ago
17 Applied
JOB ID:38276
Job details
Job Type
Full Time
Functional Area
Accounting/Finance/Tax/CS/Audit,Operations
Industry
FMCG/Food/Consumer Durables
Education
Not Specified
Experience Required
10 - 15 Yrs
Key Skills Required
SOX and Audit, IC role, Controls
Other Skills Required
Job Description
Context/Scope:
Diageo’s Business Shared Services aim to leverage the Finance Operating Model by supporting standard processes and systems with effective and efficient shared services across Diageo Finance and other service lines, provided by a trusted outsource partner and by internal services regionally. Business services have an employee base of more than 1,000 FTEs providing various services from back office transactional processing to statutory reporting activities. It also encompasses a significant part of the group’s Financial Planning and Reporting activities and Treasury activities. GDBS is increasingly playing a central role in governance and compliance for Diageo and has been charged by the CFO to be Diageo’s control exemplar accountable for the execution of control in shared services including SOX/ CARM compliance, irrespective of whether delivered from Budapest/ elsewhere or by Diageo/ outsourced providers.
Risk and Controls Specialist role is to ensure Sarbanes-Oxley s404... See More
Context/Scope:
Diageo’s Business Shared Services aim to leverage the Finance Operating Model by supporting standard processes and systems with effective and efficient shared services across Diageo Finance and other service lines, provided by a trusted outsource partner and by internal services regionally. Business services have an employee base of more than 1,000 FTEs providing various services from back office transactional processing to statutory reporting activities. It also encompasses a significant part of the group’s Financial Planning and Reporting activities and Treasury activities. GDBS is increasingly playing a central role in governance and compliance for Diageo and has been charged by the CFO to be Diageo’s control exemplar accountable for the execution of control in shared services including SOX/ CARM compliance, irrespective of whether delivered from Budapest/ elsewhere or by Diageo/ outsourced providers.
Risk and Controls Specialist role is to ensure Sarbanes-Oxley s404 compliance through global Control Assurance and Risk Management processes. Main responsibilities of the role are:To lead the Control & Audit compliance agenda within GDBS or Group Functions
To support the Management in delivering best-in-class control environment, increase control and compliance awareness and coordinate / ensure smooth delivery of internal control procedures
Provide management support duringinternal (GAR) and external auditDimensions:
Financial: N/ALeadership and Functional Responsibilities and CapabilitiesLeadership:
Relationship building (business partnering)Builds good relationship with colleagues and stakeholders by helping people feel appreciated and included. Takes time out to identify key networks and starts to build on these relationships. Anticipates stakeholder needs based upon current, past experience and understands priorities. Reinforces stakeholder focus within own area.
CommunicationSummarizes the fact and delivers the message using different communication styles according to the audience. Aware of impact the team leader has on others. Pushes forward own ideas about improvements to current approaches; speaks up to check understanding.
InfluencingKnows how to make things happen in immediate environment by using formal and informal channels. Challenges assumptions behind current ways of operating. Considers issues from alternative perspectives.
Problem solving/ coordinationIdentifies root cause of issue and potential solutions involving all impacted parties. Evaluates each solution and implements corrective action within own area of responsibility. Progresses and reviews outcome.
Deliver on promisesLeading by example on delivering results, ensures operational standards are met within his/her immediate responsibility.
Functional:
Accounting PrinciplesUnderstands accounting principles, accounting policies and standards and how they can be applied to optimise performance and control risk. Has a strong understanding of more complex areas of accounting.
Managing RisksActively searches for risks using internal and external data sources, monitors predictive indicators within and outside of own function. Monitors and ensures mitigation plans are deployed. Uses judgement and intervenes to ensure course correction. Spots interdependencies and concentrations of risks.
Internal ControlsRecognises opportunities to design and implement control processes into new systems or work processes. Provides guidance and interprets key control documents and delivers independent and unbiased advice. Takes the lead in forming solid local control environments, ensuring that robust processes are in place to capture, report on & resolve weaknesses. Role models high ethical standards and coaches others on control concepts and ethical standards and implications for finance and business communities.
Analytical thinkingAnalyse available information and trends and act accordingly. Ability to analyse measures, identify issues and detect interdependencies with other sub-functional areas. Makes suggestionson actionsto improve performance.Purpose of RoleThe overall purpose of the role to provide central risk management, control oversight and SOX governance over Diageo’s global business shared services or Group Functions and support the Management in delivering best-in-class control environment, increase control and compliance awareness and coordinate / ensure smooth delivery of internal control procedures.Top AccountabilitiesSupport and hold to account the GDBS, markets and Group Functions to achieve timely and flawless delivery of Control Assurance and Risk Management cycle steps:
- Delivery of control set content review
- Delivery of GDBS and LBU/function mapping
- Provide general Risk &Control specific trainings to control operators
- Point of contact for GDBS, markets and Group Functions, using the most suitable communication channel and escalation route
- Design assessment and Effectiveness testing coordination and quality review
- Timely and effective communication of the key messages/outcomes to all stakeholder levels and with relevant internal and external business partners.
- Escalation of issues- Identify issues at early stage to local management if necessary, Ensure resolution is promptly achieved
- Support management reporting and sign off procedures (ARC, RMC)
- Ensure aligned and streamlined CARM methodology / communications structure / market reporting across GDBS, markets and Group Functions are embedded to achieve more timely and insightful controls & compliance information for stakeholders.
- Support new migration pipeline into GDBS, markets and Group Functions from a controls & compliance perspective (Control mapping, assessment update, warranty testing, etc.).
- Business Continuity Plan Management across GDBS level (BCP e-learning maintenance and follow up, BCP test organisation, documentation of crises event, BCP stakeholder management across the organisation).
- Senior Accounting Officer legislation was introduced by HMRC in 2009 to make SAO of large companies liable to taxes and duties in the UK, responsible for ensuring and certifying that appropriate tax accounting arrangements have been established and maintained. SAO Specialist is responsible for supporting the SAO reporting cycle, the Group Tax with tax related control results for companies incorporated in the UK in order to issue proper SAO certification based on accurate SAO issue reporting.
- Coordination of the tasks of Risk & Control specialist/analyst.
- Support the GDBS compliance and ethics agenda to ensure exemplary behaviours and compliance across the business with global policies and guidelines.
Skills, qualifications and experience required
- University/College degree in accountancy/finance/business
- Excellent English knowledge
- 10+ years audit (internal/external) and/or SOX experience which can be replaced by thorough shared service process understanding
- Strong knowledge of MS Office (Outlook, Excel, PowerPoint)
- Exposure to some of the following areas could be an advantage:
- Process improvement
- Project management
- Business consulting
- Risk assessment
- IFRS
- Poor English knowledge
- Lack of risk mind-set
- Lack of ability to communicate and co-ordinate with different stakeholders in an effective way
- Lack of ability on prioritisation, urgency and problem solving
About Company
<p>Diageo is the world’s leading premium drinks company with an outstanding collection of brands, such as Johnnie Walker, Smirnoff, Baileys, Captain Morgan, Tanqueray and Guinness. Our purpose - Celebrating life, every day, everywhere - has an important role in our company, for our people, our brands, in how we perform and how we create shared value.</p>
<p><strong>About Diageo India </strong></p>
<p>We are India’s leading beverage alcohol company with an outstanding portfolio of premium brands. Our portfolio of over 140 brands of Scotch whisky, IMFL whisky, brandy, rum, vodka, gin and wine includes the much-loved McDowell's No.1, Royal Challenge, Signature, and Antiquity as well as Diageo’s iconic brands such as Johnnie Walker, VAT 69, Black & White, Smirnoff and Ciroc among others. . In 2013-14, Diageo plc acquired a 54.8% shareholding in United Spirits making India one of its largest markets. We are a high p... See More
<p>Diageo is the world’s leading premium drinks company with an outstanding collection of brands, such as Johnnie Walker, Smirnoff, Baileys, Captain Morgan, Tanqueray and Guinness. Our purpose - Celebrating life, every day, everywhere - has an important role in our company, for our people, our brands, in how we perform and how we create shared value.</p>
<p><strong>About Diageo India </strong></p>
<p>We are India’s leading beverage alcohol company with an outstanding portfolio of premium brands. Our portfolio of over 140 brands of Scotch whisky, IMFL whisky, brandy, rum, vodka, gin and wine includes the much-loved McDowell's No.1, Royal Challenge, Signature, and Antiquity as well as Diageo’s iconic brands such as Johnnie Walker, VAT 69, Black & White, Smirnoff and Ciroc among others. . In 2013-14, Diageo plc acquired a 54.8% shareholding in United Spirits making India one of its largest markets. We are a high performing business that is sensitive to consumer, community and societal needs. We are proud of being a responsible producer and marketer of beverage alcohol, and we champion responsible consumption as part of a balanced lifestyle.</p>
<p>We are looking to hire exceptional women talent in:</p>
<ul>
<li>Manufacturing and Supply Chain areas like Operations, Quality, Sourcing, Environment, Health Safety (EHS) & Productivity.</li>
<li>Commercial Function like Sales, Key Accounts Management, Market Activation, Sales Excellence and Sales Analytics.</li>
<li>Marketing roles like Brand & Product Management.</li>
<li>Corporate Support Functions like Treasury, Taxation, Secretarial, Compliance and Law.</li>
</ul>
<p>Join us on our LinkedIn page to keep in touch and know more: <a href="https://www.linkedin.com/company/3069440/">https://www.linkedin.com/company/3069440/</a></p>
<p><strong>About Diageo Business Services India</strong></p>
<p>We are one of the five Diageo Business Services that are based around the world and our India office is in Bengaluru. The remaining four centers are in: Budapest, Bogota, Manila and Nairobi. We provide a broad range of services to our businesses around the world. We are already 600 strong people in Bengaluru and growing. This global scale and reach helps deliver strong control environment and significant cost savings, while freeing local teams to market and sell our great brands to customers and consumers.</p>
<p>As part of the team, you’ll have the opportunity to develop your skills in an array of different areas, including:</p>
<ul>
<li>Source to Pay</li>
<li>Order to Cash</li>
<li>Financial Control and Record to Report</li>
<li>Controls</li>
<li>HR shared services</li>
<li>Data and Analytics</li>
<li>Project Management</li>
<li>Technology</li>
</ul> See Less
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