State Street India | Financial Controls Oversight, VP

Responsibilities

• 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 Vice President will manage all members of the team in Bangalore on an effective and sustainable internal control over financial reporting program.
• Earn a reputation as a leader and subject matter expert to the organization on Internal Control over Financial Reporting
• Oversight of the Company’s Internal Control over Financial Reporting compliance to Sarbanes-Oxley requirements.
• 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.
• 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.
• 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

Requirements

• 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.
• 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.
• Strong written communication skills

State Street

State Street Corporation is a US financial services company headquartered in Boston, Massachusetts, with roots that go back to 1792. It is one of the world's largest custody banks and asset servicers: pension funds, mutual funds, insurers and other institutional investors rely on it for custody, fund accounting and fund administration, middle-office and data services, while its investment management arm, known for the SPDR exchange-traded funds, manages money for institutions and individuals.

In India, State Street works mainly through State Street Corporate Services Mumbai Private Limited, with offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City. These teams serve State Street's global clients in fund accounting, NAV calculation, fund administration and financial reporting, reconciliations, transfer agency, regulatory reporting, risk and technology — work that suits B.Com, M.Com, CA, CMA, CFA and MBA (Finance) profiles.

• Industry: Financial services — custody, fund services and investment management
• Headquarters: Boston, Massachusetts, USA
• In India: Offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City (Gandhinagar)