Manager SOX

Job Description


About Flipkart

The Flipkart Group is one of India\'s leading digital commerce entities and includes group companies Flipkart, Myntra, and PhonePe. Started in 2007, Flipkart has enabled millions of consumers, sellers, merchants and small businesses to be a part of India\'s e-commerce revolution. With a registered customer base of over 200 million, offering over 150 million products across 120+ categories. Our efforts to democratize e-commerce in India, driving access and affordability, delight customers, create lakhs of jobs in the ecosystem and empower generations of entrepreneurs and MSMEs has driven us to innovate on many industry firsts. Flipkart is known for pioneering services such as Cash on Delivery, No Cost EMI and easy returns - customer-centric innovations that have made online shopping more accessible and affordable for millions of Indians.

Driven by the passion of \'Flipsters\' and our core values of Audacity to Win, Bias for Action and Customer First, with Integrity - Flipkart\'s work policies reflect the company\'s efforts to create a progressive work environment that drives inclusion and innovation and encourages work-life balance. Ranked at #1 in LinkedIn\'s \'Top Companies to Work For in 2019\', among the \'100 Best Companies for Women by Avtar and chosen among the Top 3 Most Desirable new-Age Recruiters by Dare2Compete, Flipkart is the ideal place to start and achieve great heights in your career.

Workplace Equality at Flipkart

Flipkart respects and values differences. We are proud to be an equal opportunity employer and are committed to promoting a diverse workplace culture where every individual is valued for who they are, regardless of race, color, age, faith, gender identity or expression, sexual orientation, nationality, marital status, professional pedigree, physical ability, veteran status, or any other characteristics. We firmly believe that when people with diverse identities and perspectives work together, we create the most value for our customers, our people, and society. We are committed to fostering a culture of inclusion and belonging, where diverse teams innovate and excel every day.

About Flipkart
In 2007, we started the Flipkart journey by selling books online. But now, over a decade later, our story is quite different. Today, Flipkart is India s largest online marketplace and one of India s leading technology powerhouse that is disrupting the way India shops online. What has got us here The dynamic, passionate and talented folks we call Flipsters!
Our core values define our identity and form the basis of our actions and reflect in everything that we do at Flipkart. Values enable us to shape the desired organizational culture in which each Flipster can thrive and be at their best.

We believe in taking bold bets and changing the paradigm, having a sense of urgency to solve problems strategically and putting great ideas into action. We look at the world from our customer s point of view and keep customers at the heart of everything we do. We strive to do the right thing always and be committed to our customers and stakeholders.

About the team
Financial System Governance and Control (FSGC) will be set of individuals who would act as a central group to assist with internal controls and governance. Below is high-level overview of the team:
Revenue Assurance: Team performs analysis of the transaction data to identify any trends, patterns which is unusual, and identify any fraudulent transaction. FSGC plays an important role in identifying the revenue leakages and plug those gaps on proactive basis.
Internal Control: Team is responsible for designing and implementing internal controls relevant for various compliance requirements such as SOX, ICOFR, ABC (Anti-Bribery & Corruption) across all entities and subsidiaries of Flipkart Pvt. Ltd.
FSGC Team plays an important role of Business Analyst and support in ensuring availability of IT Solutions to deliver timely, accurate information to the Finance team to perform Financial Reporting related activities.

About the role
The FSGC Assistant Manager, Business Process SOX Compliance will have below high-level roles and responsibilities:
Central team to design and implement SOX/ICOFR control framework related to Business Process
Perform comprehensive control design and operating environment reviews for all the in scope

Business Processes.
Guide the team members and review the work performed by the team.
Maintain central repository for documentation of controls for all the in scope
Identify gaps in the control process and operating environment for all the in scope
Take proactive measure to mitigate the gaps and strengthen the business control processes.
Report SOX Compliance status and required action plan to senior Management of Flipkart
Coordinate with Internal Audit team and Independent auditors
Single point of contact for SOX compliance related communication and escalation.

What you ll do:
Below are the roles and responsibilities of Manager, Business Processes SOX Compliance Team - FSGC:
Lead and manage the ICOFR program for Flipkart group
Review the process and design and implement new controls to mitigate the gaps in process risks
Assists the senior management in defining the control objectives and monitoring compliance efforts.

Manage organizations compliance with the Sarbanes Oxley Act. Develops processes to ensure compliance with all SOX requirements.
Designs and administers internal controls over financial reporting relating business process controls. Reports test results to the top management.
Review test findings within the Internal/External Audit Team, facilitate the remediation of control gaps, and escalate possible critical issues to the senior management. Serve as a liaison between internal and external auditors. Stays abreast of changes in SOX regulations to ensure timely compliance.
Identify areas of potential improvement for key processes and procedures and supports the management of the related processes and procedures. Responsible for maintaining and updating all aspects of the internal SOX compliance.
Responsible for working with different business owners on implementation, execution and compliance with entity level controls. Evaluates the review and analyzes data pertaining to information systems functions relative to Sarbanes-Oxley compliance.
Develop and conduct SOX compliance training to control owners and control operators.

What you ll need:
Applicants should be a University Degree holder (preferably Master degree), CPA or Chartered Accountant (or equivalent), with 6+ years of experience in SOX/Intern Audit/Internal controls.
Expertise in review the process, identify the process risk and design new controls to mitigate the risk
Update RCM as per business changes to reflect the current controls and risk matrix
Strong knowledge of SOX, Internal controls. Big 4 public accounting experience or equivalent.
Extensive knowledge of the internal control framework (specifically COSO) and a solid understanding of the concepts of control design and operational efficiency.
Strong knowledge of SOX requirements and ability to assist with documentation of financial process controls to support operational as well as SOX compliance audits, including performing walkthroughs and developing process flow charts.
Strong risk management experience, including performing assessments and audits, designing controls, managing enterprise control frameworks, and prioritizing risk.
Fair understanding of ITGC and ITAC controls
Experience of solving multiple and complex challenges.
Exposure in audit planning and execution, controls operation, and handling audit queries with external/internal auditors.
Strong governance, risk and assurance management background which encompass knowledge of corporate
governance, control framework and risk.
Aptitude for leading teams; influencing and galvanizing others to follow you toward a solution.
Ability to guide and train team members.
Strong interpersonal written and oral communication skills.
Solid organizational skills along with an aptitude for information technology.
Excellent analytical skills
Understanding of business drivers and related risk and ability to interpret the relevant management information is appreciated.
Good communication and Analytical skills
Having risk and controls mindset
Ability to challenge and open to different views and opinions.
Self-starter and ability to manage diverse cultural/ethnic sensitivities.
Ability to deal effectively with complexity and having focus to details.
Ability to prioritize and ensure delivery of priorities.
Quick learner and resilient


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