Auditing/Compliance Manager

Job Description

Requires specialized depth and/or breadth of expertise, conceptual and practical knowledge of theories and principles in the discipline of auditing/compliance, and applies general knowledge of business and industry practices. Works independently, with guidance in only the most complex situations. Performs the internal audit assessment of the company s financial/operational practices and for compliance with regulatory requirements. Prepares plans and conducts internal audits/reviews. Establishes and updates/maintains audit criteria to ensure compliance with local and other legislatively mandated compliance initiatives. Identifies internal control gaps in business procedures, processes or systems and initiates appropriate remedial action. Reviews, evaluates, develops, implements, maintains and verifies internal and business controls for processes, systems, financial statements, journals and reports in accordance with internal auditing and government-mandated standards. Reports results to management and makes recommendations for implementing controls where appropriate. May participate in due diligence for acquisitions, opening balance sheet valuations for integrating new acquisitions, remediation of external auditor issues, fraud investigation, contract and service level agreement compliance audits of external service providers, and consultation with business unit management concerning internal controls, outside of the scope of department audits. Serves as advisor on advanced and broad ranging projects. Interprets business challenges and recommends best practices to improve products, processes or services. Leads others in solving complex problems using sophisticated analytical thought to exercise judgement and identify innovative solutions. Leads functional teams or projects. Exercises judgment in evaluation, selection, and adaption of both standard and complex techniques and procedures. Uses in-depth professional knowledge and acumen to develop models and procedures and monitors trends.Primary Job Responsibilities:

• The Manager, Audit & Compliance will be responsible to develop and maintain an understanding of each Divisional Business Unit operations. They will work with key members in all departments at the Divisional and BU level to understand the current organization as a general workflow /process map. They will make recommendations to implement the best practices in accordance with the industry standards.
• Stay ahead of regulatory requirements and ensure a comprehensive review annually to ensure compliance and best in class practices are implemented.
• Advise the BUs on change management and impact on internal controls to ensure internal controls are adequately designed and implemented. Change management includes but not limited to integration of acquisitions, system/applications implementation and any other projects initiated by the BUs or Corporate.
• Ensure that all key process and sub-process in detail within accounting & financial reporting which includes but is not limited to revenue, accounts payable, accounts receivable, payroll, the overall controls environment and with respect to US GAAP, local statutory, and Corporate IFRS compliance are properly documented. Detailed process documentation should include flow charts as well as written narratives.
• Develop annual risk assessment program as based on discussions and understanding of overall operations.

• Develop, execute and review annual test plans and streamline based on the industry best practices to create and execute test plans that are designed to evaluate the design and effectiveness of internal controls as well as compliance with policies and regulations. This includes coordinating test work with external auditors annually.
• Provide support to assessments and audits by other Wolters Kluwer functional teams and external auditors on audits including but not limited to statutory financial, regulatory and customers audits
• Ensure all internal controls processes and internal policies & procedures under Parent Company grant of authority and Company employee handbooks applicable to each office/market are tested based on industry standard.
• Document and review the results of internal controls tests and evaluate whether controls are working as intended and what adjustment if any needs to be made.
• Raise awareness to BU leaders of all exceptions after carefully analyzing the internal tests conducted.
• Develop risk mitigation and remediation plans and communicate the remediation plan with the responsible process owners. Work with local staff for implementation and training.
• Identify any potential fraud, risks of fraud, or non-compliance of internal policies & procedures while performing assignments in all respective areas mentioned above.
• Manage all change based on the results of the internal review.
• Prepare analysis and periodic reports as required by BU and Corporate.
• Take ownership on relevant projects identified by the local or divisional finance lead and work with the business, finance or other functions to lead and support the project to conclusion. Such projects will usually entail change management.
• Through the risk assessments of the business, propose and lead work to improve processes and procedures in the organization based on best practices identified within other parts of Wolters Kluwer or other organisations.

Education: Undergraduate or graduate degree in business or management-related field. Accounting or Finance degree preferred. CIA, CISA or CPA is preferred.Other Knowledge, Skills, Abilities or Certifications:

• Minimum seven plus years of auditing or accounting experience.
• Prior experience in conducting Risk Assessment/Internal Audit Plan development and project management.
• Strong background with internal or external audit of internal controls, including IT General Controls.
• Proficient in the use of word processing, spreadsheet and PowerPoint software and other MS Office Apps and programs.
• Good analytical skills and attention to detail.
• Excellent interpersonal communication skills both verbal and written.
• Strong leadership skills and the ability to deal with all levels within the organization including senior management.
• Ability to interface and effectively influence senior management.
• Ability to utilize good judgment, problem solving and decision making and presentation skills.
• Results driven, goal oriented.
• Self-starter with ability to prioritize and organize workload.
• Ability to maintain the highest standards of confidentiality.
• Ability to keep informed of new regulations and industry standards.
• Some travel will be required, including international locations.

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Keyskills :
complianceinternal auditanti money launderingreportingriskbusiness unit managementenvironmental impact assessmentus gaapms officepoliciesprocedures