Senior Principal in Finance Control

Deze vacature is niet meer vacant

Your Work Environment

Group Finance/ Reporting Control Management is the corporate staff department responsible for the Internal Control over Financial Reporting. In this capacity the team is the linking pin between the Group Finance and the other corporate departments, local ING entities and shared service centers. This includes maintaining the day-to-day relationship with the local finance control officers and taking the ownership for implementing the requirements leading to a sound internal control over global reporting processes.

This is a dynamic environment as requirements in financial, regulatory and ESG environment are continuously increasing. The department supports internal stakeholders within Group Finance by ensuring that the processes, controls and their testing is performed in line with the internal and external reporting requirements.

Additional to that, the department is responsible for managing the contract with the external auditor. Internal stakeholders are non-financial risk departments, enterprise risk management business representatives, internal and external auditors. The RCM team has a dynamic culture, characterized by open, direct and informal communication, with a focus on team work.

Your Role

As a Senior Principal in Finance Control, you are responsible for maintaining an effective framework for identifying and reducing reporting risks as well as increasing control awareness. You are a strongly result-oriented professional who continuously looks for ways to drive change/improve and deliver high quality.

You have a deep knowledge and experience and dare to speak out. You are capable to translate a generic strategy into tangible actions, approach issues from a ‘helicopter’ perspective but can also handle issues in detail when necessary. You manage change initiatives in an international context either independently or in small teams, coaching more junior team members or as part of larger (multi-disciplinary) projects and programs.

The team’s tasks include the following, in which you will play a senior principal role:

  • Develop, improve and maintain the ING guidance on Internal Control over Financial Reporting (incl test plans), evaluation of deficiency guidelines and reporting instructions;
  • Coordinate and actively participate in the ICFR/SOX404 sign-off process; Involvement in the local sign-off of countries, service organisations and Business Lines and Corporate Departments. Coordination and evaluation of an ING wide focus area (e.g. ITGC and ITAC controls, Entity Level Controls, Loan Loss Provisioning, Disclosures and ESG).
  • Help entities with the implementation of internal controls in line with the guidance to ensure a sound control environment, resulting from; n ew accounting standards, increase of Sox scope, new locations added and need to apply the Sox controls for the first time, i dentified deficiencies throughout the organization, indication for attention areas where guidance needs to be improved or training should be given.
  • Actively contribute to the further enhancement of the ESG reporting control framework and support to implement this framework.
  • Lead deep dives into finance control and accounting matters; v irtual and/or ‘on location’ site visits, a d hoc requests for deep dives from senior management, ICFR assessment of errors found in financial reporting and/or controls
  • Seek opportunities for control optimization that is still SOX compliant and ways to reduce the finance control burden on the business. Align with other control frameworks as a contributor/advisor to the Enterprise Risk Management environment.
  • Responsible for the quality of documents for the ICFR governance meetings; o pen hours, which are weekly calls with all Finance Control Officers worldwide where all areas of attention, comments from second line and the external auditors are shared.
  • Help entities with the implementation of Control Standards to ensure a sound reporting environment specifically for regulatory reporting; a ssisting entities with the implementation of the Process Control Standard on Financial and Regulatory reporting (PCS FRR), e nhancing guidance and evaluation tooling with regard to PCS FRR, c oordinate ING’s contract with the external auditor, incl. monitoring of independence and fees.
  • Be a Group Finance GCR application expert; r epresenting Group Finance in the user board of the ING GRC application, making sure the ICFR requirements are embedded, a cting as the expert on the use of the tool for Group Finance and the ICFR community.
  • Develop training materials and providing trainings and workshops to a wide community of global finance control officers, bringing bank-wide control knowledge up to a required level.

How to succeed

You have a hands-on approach and a healthy dose of organisation sensitivity combined with an independent state of mind. You are convincing in your work and critical (in a positive sense) of your own performance and that of others. You are a very quick learner, a superb team player, have a strong focus on stakeholders, supported by excellent collaboration skills.

In addition, you have:

  • Academic degree in Finance or Economics, preferably supplemented by an RA (or equivalent) or CIA certificate or in the final stage of studying for this
  • 9+ years of work experience in (external/internal) audit
  • A deep understanding of the Sarbanes-Oxley Act and the COSO 2013 internal controls framework
  • A deep understanding of Dutch and US external auditor independence regulations
  • Knowledge of IT, IT related controls (including IT general controls and application controls)
  • Proven experience in complex business process improvements, including design, implementation and execution of (regulatory) oversight processes
  • Demonstrable knowledge of banking business processes and knowledge of the relevant (legal) regulations (including ESG reporting regulation) and procedures
  • Experience with multi-layered financial statement closing processes, loan loss provisioning and IT general controls and ITACs
  • Superb business acumen and communication skills to help the business and its stakeholders understand, relate to and action key elements of his/her agenda
  • Possess a highly ethical and professional “executive” demeanor, along with sound judgement and confidence to represent ING in both formal and informal settings
  • Fluent in English (both writing and speaking)

Rewards & benefits

We want to make sure that it’s possible for you to strike the right balance between your career and your private life. You can find out more about our employment conditions here .

The benefits of working with us at ING include:

  • A salary tailored to your qualities and experience
  • 24-27 vacation days depending on contract
  • Pension scheme
  • 13th month salary
  • Individual Savings Contribution (BIS), 3.5% of your gross annual salary
  • 8% Holiday payment
  • Personal growth and challenging work with endless possibilities
  • An informalworking environment with innovative colleagues
  • Work Agile, so new ideas come to life faster

Want to apply directly?

Please upload your CV and motivation letter by clicking the “Apply” button.

About us

With 57,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us and apply today!

Vacature informatie

Organisatie: ING

Locatie: Amsterdam

Opleidingsniveau: WO

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