Director, Internal Controls and Compliance
4 weeks ago
AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas – immunology, oncology, neuroscience, and eye care – and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com.
Job SummaryThe Director of Internal Controls and Compliance will lead the organization's compliance with the Sarbanes Oxley Act (SOX) and control improvement initiatives. This position provides support and management of AbbVie's program for compliance with SOX Section 404, which requires all functions to document, test, and assess internal controls over financial reporting.
Key Responsibilities- Assist with the responsibility of the global SOX program ensuring compliance with AbbVie's SOX program standards.
- Manage the program schedule to ensure deliverables are met.
- Lead all activities and duties in the Internal Controls CoE through both direct reporting relationships and a matrix structure.
- Review completed internal control documentation, evaluates testing results, reviews ratings and conclusions, and evaluate/prioritize all deficiencies.
- Communicate expectations for remediation of deficiencies and monitor remediation efforts.
- Act as subject matter expert for internal control matters globally by advising management and control owners in various functions across Finance and IT.
- Stay current on developing audit regulatory standards and controls technology to provide subject matter expertise to control owners and management to ensure control requirements meet audit standards.
- Provides functional leadership and comprehensive ongoing support to department managers for the completion of all AbbVie SOX Section 404 and 302 requirements.
- Evaluate and propose process improvements to improve efficiency and effectiveness of global SOX program and control environment.
- Manage testing schedule and liaise with third-party resources, internal resources, Internal Audit, and external auditors.
- Assist in completing the annual scoping activities in a timely and thorough manner.
- Assist in identifying and analyzing all relevant matters that could impact SOX scope and propose related approaches.
- Coordinate SOX audit testing, audit requirements, and SOX controls audit timing, and deficiencies with AbbVie external auditors.
- Continually interface with senior leaders to maintain knowledge of changes in the business and emerging risks which could impact SOX compliance or internal control environment.
- Manage impacts to and making updates to the control environment through various projects within the company.
- Prepare ongoing/periodic status and deficiency reports for management.
- Prepare executive reporting on program status for executive sponsors and audit committee.
- Identify opportunities to improve/streamline current department processes and procedures.
- Lead team of Internal Controls professionals. Provide coaching and oversight to team of 5 and one to two indirect reports.
- Complete ad hoc analysis and reviews of internal controls within all functions.
- Bachelor's degree in Accounting or Finance.
- CPA preferred or other relevant certifications a plus (e.g. CIA, CFE).
- 12+ years of Auditing, Controls, Accounting, or Finance experience. Part of the experience would have been obtained from employment with a major Public Accounting firm and/or as a member of an Internal Controls function of a U.S. public company.
- 5+ years of people leader experience desirable.
- Ability to work independently and adjust priorities to achieve accurate and timely results.
- Strong communication skills (verbal and written) and ability to collaborate across functions and with executive leadership.
- Ability to identify process improvement opportunities and aptitude for continuous improvement and change.
- Ability to understand the big picture while leveraging technical knowledge at a process/control level.
- Proficiency in Microsoft Office tools (e.g., Excel, PowerPoint, and Word).
- Proficiency in GRC tools such as Workiva.
- Availability to travel up to 10%.
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