Requisition ID 13662BR
Title Associate Manager- Financial Controls & Compliance
Job Category Finance
Job Description PURPOSE:
To ensure that all Sarbanes Oxley (Sarbox) relevant control activities are maintained in compliance with Company and regulatory standards for Novo Nordisk Inc (NNI) and to recommend clear and concrete approaches for improving internal controls and operational effectiveness and efficiency. This position will also assist the Line of Business in maintaining reasonable operational controls to prevent/detect exposure to waste, inefficiencies or misappropriation of the company’s assets.
RELATIONSHIPS:
This position reports to the Manager, Financial Controls and Compliance. This position will also interact across all levels of NNI Finance, and works closely with other functions throughout NNI. The position will frequently interact, coordinate and build strong relationships with Novo Nordisk’s Sarbox Consulting, Group Internal Audit (GIA) and external auditors.
ESSENTIAL FUNCTIONS:
• Leads the process owners’ Sarbox documentation effort to verify alignment of identified risks to Sarbox controls, maintain/adjust new/existing controls.
• Coordinates and leads the execution of Sarbox reviews by Sarbox Consulting, corporate GIA and external auditors. Verify audit readiness and monitor remediation efforts with process owners.
• Supports the implementation and changes to financially-critical systems. Reviews RFC’s (Request for Change) and/or BIA (Business Impact Assessment) for Sarbox/financially critical systems. Documents Sarbox assessment and reviews test scripts to verify controls to mitigate Sarbox risks are properly addressed.
• Provides consultative support to process owners to improve Sarbox documentation including ICQ-Internal Control Questionnaires and R&M-Risk & Materiality documents.
• Leads the Sarbox awareness initiative via communication and training.
• Provides partnership, oversight and direction to business leaders regarding financial controls and compliance.
• Conducts and leads the financial, operational, or fraud control audits for internal processes or suppliers, which focus on internal controls, general process/efficiency recommendations, or compliance with contract terms. Prepare draft report of the audited area and communicate findings to senior management.
• Develops and communicates compelling, fact-based rationales with strong, logical arguments that builds support for findings and perspectives.
• Provides partnership, oversight and direction to business leaders concerning process and internal control improvement opportunities.
• Leads the management of fraud risk assessment matrices (i.e. documentation of fraud risks, controls, and responses).
• Conducts and leads the evaluation and testing of the effectiveness of internal controls surrounding prevention/detection of fraud.
• Performs SAP annual critical access and Segregation of Duties review of key financial systems, working with relevant department managers. Verify access is properly segregated or mitigating controls exist.
• Manages targeted audit sampling testing of transactions (e.g. credit card, invoice, vendor activities, etc.) and report findings to management. Query transactions to support audit analytics.
• Demonstrates knowledge of internal business operations and industry best practices; and applies this knowledge to analyses, processes and deliverables.
PHYSICAL REQUIREMENTS:
5% - 10% overnight travel to Corporate Headquarters in Denmark and to other North American locations.
DEVELOPMENT OF PEOPLE:
Not Applicable
KEY SUCCESS FACTORS: EDUCATION, EXPERIENCE, KNOWLEDGE AND SKILLS:
• Bachelor's degree required. CPA or CIA is required. Specified degree in finance, accounting or other business related area is preferred.
• Requires a minimum of 5 years of progressively responsible, relevant experience in internal auditing or public accounting. Pharmaceutical industry experience preferred.
• Sarbanes Oxley compliance experience preferred.
• Previous exposure to large ERP financial systems and environment is required, SAP experience a plus.
• Strong analytical skills with a high attention to detail. Ability to leverage data from multiple sources to understand business problems and assess the effectiveness of programs and practices.
• Experience with data mining and data query utilizing ACL or comparable system is a plus.
• Demonstrated ability to change quickly and manage multiple priorities with tight deadlines.
• Excellent verbal and written communication both in informal and presentation setting.
• Ability to build relationships with internal and external customers and stakeholders.
• Demonstrated ability to provide influential counsel and coaching to business leaders.
• Ability to lead a project in the development and implementation of processes and programs.
• Ability to utilize knowledge of the project management cycle, including stakeholder analysis, change management, execution and analysis to ensure the successful completion of projects.
• Strong skills in the use of the Microsoft Office Suite, particularly Excel and PowerPoint.
Department FIN - FINANCIAL CONTROLS & COMPLIANCE
Position Location US - Princeton, NJ
City Princeton
State/Provinces US - NJ
Degree Required Bachelor's Degree Required
Percent Travel 0 - 10%
Title Associate Manager- Financial Controls & Compliance
Job Category Finance
Job Description PURPOSE:
To ensure that all Sarbanes Oxley (Sarbox) relevant control activities are maintained in compliance with Company and regulatory standards for Novo Nordisk Inc (NNI) and to recommend clear and concrete approaches for improving internal controls and operational effectiveness and efficiency. This position will also assist the Line of Business in maintaining reasonable operational controls to prevent/detect exposure to waste, inefficiencies or misappropriation of the company’s assets.
RELATIONSHIPS:
This position reports to the Manager, Financial Controls and Compliance. This position will also interact across all levels of NNI Finance, and works closely with other functions throughout NNI. The position will frequently interact, coordinate and build strong relationships with Novo Nordisk’s Sarbox Consulting, Group Internal Audit (GIA) and external auditors.
ESSENTIAL FUNCTIONS:
• Leads the process owners’ Sarbox documentation effort to verify alignment of identified risks to Sarbox controls, maintain/adjust new/existing controls.
• Coordinates and leads the execution of Sarbox reviews by Sarbox Consulting, corporate GIA and external auditors. Verify audit readiness and monitor remediation efforts with process owners.
• Supports the implementation and changes to financially-critical systems. Reviews RFC’s (Request for Change) and/or BIA (Business Impact Assessment) for Sarbox/financially critical systems. Documents Sarbox assessment and reviews test scripts to verify controls to mitigate Sarbox risks are properly addressed.
• Provides consultative support to process owners to improve Sarbox documentation including ICQ-Internal Control Questionnaires and R&M-Risk & Materiality documents.
• Leads the Sarbox awareness initiative via communication and training.
• Provides partnership, oversight and direction to business leaders regarding financial controls and compliance.
• Conducts and leads the financial, operational, or fraud control audits for internal processes or suppliers, which focus on internal controls, general process/efficiency recommendations, or compliance with contract terms. Prepare draft report of the audited area and communicate findings to senior management.
• Develops and communicates compelling, fact-based rationales with strong, logical arguments that builds support for findings and perspectives.
• Provides partnership, oversight and direction to business leaders concerning process and internal control improvement opportunities.
• Leads the management of fraud risk assessment matrices (i.e. documentation of fraud risks, controls, and responses).
• Conducts and leads the evaluation and testing of the effectiveness of internal controls surrounding prevention/detection of fraud.
• Performs SAP annual critical access and Segregation of Duties review of key financial systems, working with relevant department managers. Verify access is properly segregated or mitigating controls exist.
• Manages targeted audit sampling testing of transactions (e.g. credit card, invoice, vendor activities, etc.) and report findings to management. Query transactions to support audit analytics.
• Demonstrates knowledge of internal business operations and industry best practices; and applies this knowledge to analyses, processes and deliverables.
PHYSICAL REQUIREMENTS:
5% - 10% overnight travel to Corporate Headquarters in Denmark and to other North American locations.
DEVELOPMENT OF PEOPLE:
Not Applicable
KEY SUCCESS FACTORS: EDUCATION, EXPERIENCE, KNOWLEDGE AND SKILLS:
• Bachelor's degree required. CPA or CIA is required. Specified degree in finance, accounting or other business related area is preferred.
• Requires a minimum of 5 years of progressively responsible, relevant experience in internal auditing or public accounting. Pharmaceutical industry experience preferred.
• Sarbanes Oxley compliance experience preferred.
• Previous exposure to large ERP financial systems and environment is required, SAP experience a plus.
• Strong analytical skills with a high attention to detail. Ability to leverage data from multiple sources to understand business problems and assess the effectiveness of programs and practices.
• Experience with data mining and data query utilizing ACL or comparable system is a plus.
• Demonstrated ability to change quickly and manage multiple priorities with tight deadlines.
• Excellent verbal and written communication both in informal and presentation setting.
• Ability to build relationships with internal and external customers and stakeholders.
• Demonstrated ability to provide influential counsel and coaching to business leaders.
• Ability to lead a project in the development and implementation of processes and programs.
• Ability to utilize knowledge of the project management cycle, including stakeholder analysis, change management, execution and analysis to ensure the successful completion of projects.
• Strong skills in the use of the Microsoft Office Suite, particularly Excel and PowerPoint.
Department FIN - FINANCIAL CONTROLS & COMPLIANCE
Position Location US - Princeton, NJ
City Princeton
State/Provinces US - NJ
Degree Required Bachelor's Degree Required
Percent Travel 0 - 10%