1.Ensure compliance with Novartis Financial Control Manual (NFCM) requirements, including internal e.g. Novartis Accounting Manual (NAM)) and external regulations (e.
g. SOX) for local FSC, NBS Procurement, NBS HR, Local Entity Supply Chain and Legal & Compliance (and out-sourcing partners for defined areas of responsibility).
2.Provide deliverables according to NFCM schedule and coordinate with Local Finance to establish and maintain an adequate control environment.
3.Support local and global finance process improvement initiatives, sharing leading practices.
Major Accountabilities :
1. Service Delivery : Lead all required NFCM deliverables according to the communicated schedule. Ensure risks are addressed by adequate controls per internal customer.
Perform process walkthroughs to assess adequacy of controls, and test effectiveness of controls. Formulate cost effective and practical process and control improvements with internal customer.
Proactively track and report on status of process and control improvements (may originate from different sources like IA, NFCM self-
assessment, Ext. Audit, etc.). Regular performance metrics reporting. Support / assist regional review teams and auditors during their reviews.
Identify training needs and provide / coordinate training on NFCM compliance requirements. Keep up-to-date on periodic changes to NFCM requirements, assess business impact and communicate changes to internal customers.
Support transitions and knowledge transfer, monitoring critical deliverables. Proactively challenge the status quo, making fact based recommendations.
Coach and strengthen internal control skills within the organization. Support implementation of standard / best practice processes and report exceptions.
Monitor and improve financial compliance embedded in business processes. Conduct ad hoc audit / compliance reviews when required.
periodically review existing SOPs; Ensure compliance with and communication of SOPs. Raise awareness of key risks and risk response in the organization.
Apply a risk based approach to NFCM compliance through deep understanding of business risks relevant to business model. Identify and report on areas of potential business fraud risk, and ensure robust control processes to reduce or highlight instances of fraud.
Monitor compliance of business ethics and detect and report possible violations. Ensure NFCM updates cater for changes in business risk landscape.
2. People Management : Actively support FSC working style by being inclusive, proactive, respectful and results driven. Act service oriented to enable service lines to deliver a high-
performing organization and drive improvement / standard solutions while cultivating customer service focus culture. Partner with internal customers to deliver professional and objective financial compliance oversight of NFCM.
Coach internal customers on financial compliance, risk management and corporate governance.
Key Performance Indicator :
Provide quality deliverables based on due dates. Provide early alert to areas of key risk or improvement overdues. At least satisfactory audit ratings for relevant financial compliance processes.
Resolution of audit / self-identified issues in time and according to action plan. Timely and proper execution of special topics / projects.
Performance of responsibilities in line with the Novartis values & behaviors.
University Degree in Economics or Business Administration (or equivalent), preferably specialising in Finance / Accounting or MBA, CPA, CISA, CIA (or equivalent).
English At least 3 years in Internal or external Audit (preferable Big 4 audit firm), focusing on Finance Audit, SOX 404.
3-5 years of FRA / compliance experience. Highly qualified in Accounting / IFRS, SOX / ICFR, NFCM. Demonstrated ability to work effectively in a multi-
national, matrix organization. Previous experience in auditing is preferred. Project Management experience. High integrity.
Independent and ability to challenge status quo. Possess strong decision making skills.