Finance Compliance Job Description
Finance Compliance Duties & Responsibilities
To write an effective finance compliance job description, begin by listing detailed duties, responsibilities and expectations. We have included finance compliance job description templates that you can modify and use.
Sample responsibilities for this position include:
Finance Compliance Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Finance Compliance
List any licenses or certifications required by the position: SOX, CPA, CISA, CIA, FINRA, ICFR, CISSP, ACE, OFAC, AML
Education for Finance Compliance
Typically a job would require a certain level of education.
Employers hiring for the finance compliance job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Accounting, Business, Education, MBA, Economics, Business/Administration, Management, Finance/Accounting, Graduate
Skills for Finance Compliance
Desired skills for finance compliance include:
Desired experience for finance compliance includes:
Finance Compliance Examples
Finance Compliance Job Description
- Identify global test strategy and test resource risks and issues
- Other tasks/projects which may be assigned by the Senior Director of Finance from time to time
- Upholds organizational values and works with integrity and ethically
- Develop and implement processes to enhance internal controls and reporting Identifies and implements opportunities to improve the efficiency without introducing risk to Global Compliance
- Execute and oversee the Annual budget process, monthly review and analysis
- Provide financial advice in Budget Planning and analysis
- Support overall office operations
- Management Report on a timely basis, monthly, quarterly and annual
- Oversee and manage special projects relating to and other projects, as assigned
- A background in leasing, lending, credit, or car finance experience
- Graduate of Bachelor of Laws, preferably a Philippine Bar Examination Passer
- Relevant experience on and excellent knowledge about statutory requirements
- Excellent observation and analytical abilities
- Must be able to work under high stress and save the company from compliance issues
- Must be very organized, precise and accurate in work
- Ability to maintain trust and a high level of confidentiality
Finance Compliance Job Description
- Partner with the LOB business leaders, Enterprise partners, and counterparts in the Global Finance Risk Office to lead a comprehensive compliance risk management strategy and program, which includes a process to consistently identify, assess, and mitigate compliance risks across all of the LOB functional areas
- Maintain processes to ensure line of sight to, and active engagement in, understanding, assessing, and planning for the pipeline of potential compliance requirements impacting Global Finance and Corporate Development
- Drive compliance risk management activities for new regulatory implementation projects impacting Global Finance and Corporate Development
- Provide oversight, effective challenge, and monitoring of applicability assessments with business partners to evaluate and provide of existing controls and monitoring, document gaps, and propose and implement new controls and monitoring
- Partner with the business teams to ensure that LOB control and test Plans test documentation retention procedures – including detective monitoring plans to enable management to accurately report the full state of compliance with regulatory requirements
- Lead and develop a high performing team by establishing and communicating measurable performance standards, providing appropriate coaching and development opportunities, and holding team accountable for results
- Drive the overall design, plan and execution of a comprehensive controls and compliance program over finance tools and systems owned and supported by Finance BI – MS Sales, Mercury, reporting tools
- Responsible for managing compliance team efforts including scoping, planning, scheduling, training, coordinating, reviewing and reporting of compliance testing results to Senior leadership
- Monitor the controls environment through compliance reviews, follow-up inquiry and testing, self-assessment reporting in order to identify both SOX and operational control issues and process gaps/opportunities
- Facilitate the development and writing of standardized policies and procedures with business process owners to enhance the internal control environment and standardize processes in order to promote operating efficiencies and effectiveness
- Typically experienced in functions of financial accounting, tax, internal audit, compliance
- Excellent understanding of internal control, tax, compliance
- Bachelor Degree or Above (Major in Finance or Auditing will be a plus)
- With big 4 and in-house background focusing on internal control/compliance management
- The working experience will be above 8 years in the area, especially in international working environment
- Report financial statement to General Manager
Finance Compliance Job Description
- Partner with Loss Prevention team to evaluate fraud investigations and implement policy and/or control enhancements as needed
- Lead and support various projects (Key business priorities & implementations, Kaizens, Lean tracks, Sales Ops initiatives), ensuring action items are addressed timely and any key risks identified are mitigated or supported by a strong business case
- Manage DPS SOX effort for Commercial business process and control owners, ensuring deadlines are met and identified deficiencies are communicated and remediated
- Liaison with various departments/project teams to recommend and implement enhanced system reporting and utilize system configurable controls
- Collaborate with Corporate Audit, SOX PMO and external auditors to coordinate and facilitate audit requests for planned audit engagements and external audit financial testing
- Identify, create and maintain reporting to include monitoring activities for potential indicators of fraud or misappropriation (data driven approach)
- Participate and lead various projects in order to facilitate the development and documentation of standardized policies and procedures that promote operational efficiency and strengthen the control environment
- Bacherlor’s Degree in Accounting/Finance - MBA, CIA, CFE or CPA also a plus
- 10+ years work experience in internal/operational controls and/or relevant Finance industry experience
- Ability to influence and gain consensus across business functions
- Assist and support the Management for any special report request
- Analytical thinking with strong commitment on business dynamics
- Ability in Microsoft, especially Excel
- Strong sense of responsibility on different tasks
- Having Japanese CPA or US CPA is preferred
- MBA in Accounting would be a plus
Finance Compliance Job Description
- Develop an understanding of how risk management issues are impacting client business operations and work within the FRC team to develop commercial solutions
- Sharing knowledge and insight with fellow FRC practioners
- Representing FRC to the wider Capco family of services
- Work in a team environment with a personal accountability for your own deliverables
- Need to pay attention to detail, ensuring efficient and complete structured data gathering, research and analysis
- Be an active participant in use case development, process modeling, and functional documentation
- Get involved with Capco training programs to further expand your knowledge of consulting, project management, financial products, process optimization techniques (such as Six Sigma), and a variety of other areas
- Conceptualizes immediate and long-range needs of LMB Finance with respect to project mission
- Serve as a resource to the CFO Group and other lines of business supported by enterprise functions for Compliance related matters and initiatives
- Work with Compliance Officers and function partners to build and sustain effective relationships with federal regulators and internal audit, including without limitation participation in regulatory exams, counsel on remediation of identified gaps and collaboration on closing issues
- Good working knowledge of financial systems used by Corporate Finance (Essbase, EARS, SAP, E-Share)
- Control Mindset – role requires strict adherence to Corporate Policies
- Good working knowledge of Microsoft Excel, Powerpoint
- Excellent communication/interpersonal skills – role will require regular interaction with Compliance & Compliance Ops management & staff, Corporate Finance and P&A LOB Teams to build effective client relationships is integral to the role
- Managerial skills, sets high standards of performance for self and others, leading by example
- A willingness and the ability to develop expertise in understanding of financial regulation such as Financial Instruments and Exchange Law, Rules from Japan Securities Dealers Association and other CF related internal Global Policy and Procedures, and to do so quickly, seamlessly, and to a consistently high standard
Finance Compliance Job Description
- Ensure compliance with system access audit requirements and best practices
- Works closely with the payroll provider(s) and local HR to ensure local compliance practices are being followed and all employment tax, government and local filings are being submitted in a timely manner
- Auditing - Maintain and execute Global Services audit plan and facilitate audits performed by others (PIA, EY )
- Develop internal working knowledge of the business and our holistic objectives to define business strategy and prioritize initiatives for our road map
- Vendor oversight (are they delivering to agreed terms/KPIs, etc)
- Weekly Audit of billed hours and expense against actual and projected hours and expense
- Establish Financial / Vendor KPIs and establish a process for auditing results against them
- Review SOX Test plans, Testing Results Remediation List
- Serves as an interface between team members, IT functional areas, corporate areas, contractors, and vendor support to ensure appropriate communication and problem resolution
- Demonstrates in-depth knowledge of IT controls, regulatory matters, IT security, business applications, IT infrastructure
- Bachelor’s degree or higher, preferably in Finance, Accounting, or related discipline
- Solid knowledge of and/or experience in tax compliance
- Ability to perform technical research using multiple resources (manuals, web-based research)
- Strong written and verbal communication skills, strong quantitative and analytical skills
- Strong work ethic and ownership of work produced
- Strong working knowledge of Regulatory requirements impacting the banking industry