Director Financial Controls & Compliance US

Job Description Summary

Job Description

Job Description:

The Director Financial Controls & Compliance (FC&C) US - will plan execute and ensure delivery of high-quality compliance controls testing risk advisory that meet Novartis Financial Controls Manual (NFCM) methodology standards SOX 404 requirements and strategies. This position will lead US FC&C team in activities including assessment of business/information technology risks and evaluation of related internal controls.

Key Responsibilities

• Lead a multi-location Financial Compliance team of 12 FC&C professionals taking responsibility for the overall US FC&C scope including delivering on-boarding and coaching to new team members coaching leading providing technical support and feedback. Rate potential and capacity of team members and provide feedback to FC&C management. Enable and lead talent development encourage cross-functional training and knowledge sharing.
• Mastering key company policies that Financial Controls & Compliance provides assurance on including their implementing guidelines and procedures. This includes a comprehensive understanding of NFCM customization of policies and requirements to meet overall SOX 404 requirements as well as US specifics and needs.
• Own and oversee the endtoend US SOX 404 and financial controls lifecycle including annual scoping risk assessment prioritization of activities and coordination across multiple initiatives and competing timelines.
• Apply effective project management to various assignments integrations or divestures systems and process implementations to improve the technical and operational effectiveness of the FC&C team.
• Leverage automation bots AI and major system transformations (e.g. global ERP implementations) to enhance and modernize the controls environment while overseeing control design risk mitigation and compliance with SOX 404 and NFCM requirements.
• Identify root causes of control issues and reporting errors and investigate analyze and test possible solutions or measures for improvement. Prepare memos and reviews and agree issues with responsible management. Oversee and challenge impact and exposure assessments for control deficiencies and financial reporting risks including evaluation of severity financial statement impact and ensure timely escalation to senior management and governance bodies.
• Develop key-contact relationships with senior local and global management FC&C organization Finance and/or functional area(s) of responsibility to develop overall effective compliance strategy for US units. Will also build effective business partnering and advisory relationships with external auditors (KPMG) as well as Group stakeholders (GPO Global FC&C Internal Audit etc.)
• Provide thought leadership in assigned areas of subject matter expertise maintaining efficient effective and up to date compliance approach and continuous monitoring principles.
• Implement a collaborative approach with other experts to adopt innovative approaches including data analytics and automation (e.g. Alteryx Celonis) to enhance risk identification control monitoring and efficiency.
• Liaise with defined key stakeholders in selected divisions/business units and functions to understand the business and stay informed about changes in business and financial risks.
• Highlight risks to local and global management including significant recurring and emerging issues where appropriate for reporting to the Global NFCM Governance Board Committee.
• Provide technical accounting leadership and oversight on complex accounting matters impacting controls ensuring appropriate interpretation and application of accounting guidance SOX 404 and internal control requirements in partnership with Finance Accounting and external auditors.

Essential Requirements

• Bachelors degree required
• 12 years of SOX 404 (15 preferred) accounting compliance audit experience required with 5 years of Financial Controls & Compliance experience including the ability to operate effectively in complex fastpaced and evolving environments
• Demonstrated knowledge and understanding of PCAOB standards with the ability to exercise judgment and challenge conclusions in complex situations.
• Strong interpersonal and communication skills to influence / motivate others under different geographies / cultural and hierarchy setting while managing competing stakeholder priorities
• Proven people leadership organizational and prioritization skills including the ability to structure work allocate resources effectively make tradeoffs and reprioritize in response to emerging risks and business needs

Desirable Requirements:

• Degree subject area in Finance or Accounting preferred; Masters degree in Finance Accounting/ Business and/or CA/CPA/CIA/ACCA certification a plus
• Multi-national and/or multi-dimensional organization experience preferred; experience within the pharmaceutical industry/manufacturing experience a plus
• Strong IT audit and controls knowledge including experience evaluating SOC 1 reports automated and ITdependent controls and systemdriven financial reporting risks within a SOX 404 environment; SAP experience a plus.
• Strong technical accounting background with demonstrated experience interpreting and applying accounting guidance in a SOX 404 and internal controls environment including complex or nonroutine transactions.

Benefits & Rewards

The salary for this position is expected to range between $145600 and $270400 per year. The final salary offered is determined based on factors like but not limited to relevant skills and experience and upon joining Novartis will be reviewed periodically. Novartis may change the published salary range based on company and market factors. Your compensation will include a performance-based cash incentive and depending on the level of the role eligibility to be considered for annual equity -based eligible employees will receive a comprehensive benefits package that includes health life and disability benefits a 401(k) with company contribution and match and a variety of other addition employees are eligible for a generous time off package including vacation personal days holidays and other leaves.

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The Novartis Group of Companies are Equal Opportunity Employers. We do not discriminate in recruitment hiring training promotion or other employment practices for reasons of race color religion sex national origin age sexual orientation gender identity or expression marital or veteran status disability or any other legally protected status.

Accessibility and reasonable accommodations

The Novartis Group of Companies are committed to working with and providing reasonable accommodation to individuals with disabilities. If because of a medical condition or disability you need a reasonable accommodation for any part of the application process or to perform the essential functions of a position please send an e-mail to or call 1 and let us know the nature of your request and your contact information. Please include the job requisition number in your message.

Salary Range

Skills Desired