Finance & Risk Assurance Manager
Johannesburg, Gauteng, South Africa
9d ago


MSD is a global health care leader with a diversified portfolio of prescription medicines, vaccines and animal health products.

The difference between potential and achievement lies in the spark that fuels innovation and inventiveness; this is the space where MSD has codified its 125-

year legacy. MSD’s success is backed by ethical integrity, forward momentum, and an inspiring mission to achieve new milestones in global healthcare.

MSD’s Financial division helps plan and analyze the resources that allow us to continue advancing medical innovation around the world.

This team of attentive, exacting individuals prepares and organizes financial assets in order to drive MSD’s momentum towards providing the world with an evolving, diversified portfolio of prescription medicines, vaccines, and animal health products that fuel global wellness.

The Financial Risk Assurance Steward is primarily responsible to maintain an effective internal control environment, in compliance with GAAP / IFRS, SOX controls and Corporate policies.

Partner with the market to design, implement and review execution of existing controls in processes and Balance sheet, and other compliance requirements, Develop or updates local policies and procedures, including implementation and roll out training to the local organization.

This position with liaise with the Regional Risk Assurance Manager and Global Service Centers to ensure all controls are strictly enforced and to build across awareness on the importance of a strong internal control environment.

Reporting to the market / Regional Finance Lead he will support Financial priorities including, balance sheet control, working capital, risk assessments and self-

testing. Follow up and monitoring timely remediation of internal audit findings and recommendations for the markets.The Financial Risk Assurance Steward will be responsible to provide support and oversight in the implementation of financial projects, work hand in hand with the market for the timely implementation and roll out of projects ensuring alignment with internal and external compliance requirements and serve as a back-

up for local accounting leads when needed.In this role the Financial Risk Assurance Steward will be required to develop an understanding of all accounting and control facets of the markets including but not limited, Taxation, Treasury and Working Capital.

Primary responsibilities for this position include, but are not limited to the following :

  • Business Partnership acting as a liaison between the market, the Region and BSC, facilitating information, knowledge sharing and best practices among all parties involved
  • Supports and monitors a strong control environment on all financial accounting and reporting matters and serve as subject matter expert on controls
  • Provide controls and business process guidance to ensure seamless end to end process execution
  • Coordination of audit reviews (Internal, external, SOX) in the market. Oversight and monitor the timely implementation of audit finding remediation plans and ensure continued audit readiness
  • Financial integrity and business assurance support for the country operations. Provides finance support for Pulse review
  • Develop and execute Risk Assessment and related self-testing process on SOX and BIA controls in coordination with BSC, and Control and Compliance group with focus on identified areas of risk.
  • Follow up on open items and provide guidance for timely resolution

  • Performs 3rd party reviews to assess key financial controls and reviews 3rd party audit reports to support integrity of MSD Financial records
  • Maintain completed and updated local Archer documentation
  • Ensure strong control on Balance Sheet accounts, including revenue recognition aspects, reconciliation and timely updates on accruals, gross to net, IQV, etc
  • Monitor Working capital improvement, payment terms, credit limits, inventory, in market inventories
  • Facilitates training in the market for financial and internal control related matters,
  • Lead the roll out of major Finance initiatives in the market such as, COMET acceleration, FOM, ATLAS, etc. Contribute to ongoing MSD efficiency and continuous improvement initiatives
  • Serves as a back-up for local market accounting leads when needed
  • Mange the local entity’s Tax and Statutory audit process through to the preparation of the Annual Financial Statements
  • Liaise with Treasury to ensure that the global banking rationalization process is implemented according to their project plan.
  • Coordination and support on FCQ process and GOAs related matters
  • Ensure market compliance with company financial policies and procedures
  • Apply
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