Vice President – Global Financial Governance and Control

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Mashreq seeks a Vice President to lead Global Financial Governance and Control, owning the ICFR program under COSO to ensure accurate IFRS reporting, mitigate risks, and foster accountability. You will develop and maintain an ICFR framework aligned with IFRS/GAAP, coordinate cross-functional teams, design and test controls, identify gaps, drive process improvements, and oversee annual assessments with audit partner collaboration. The ideal candidate has 15 years of experience, including 5+ years in Big 4, CA/CPA/ACCA, and strong IFRS, COSO, and ERP/audit-tool proficiency, plus proven leadership and stakeholder management. Tips: quantify ICFR impact, include remediation outcomes, showcase executive communication, and confirm readiness for onsite UAE work.

To lead the development, implementation, and monitoring of a robust Internal Control over Financial Reporting (ICFR) in line with the COSO framework to ensure the accuracy, integrity, and compliance of financial statements with International Financial Reporting Standards (IFRS). The role is instrumental in identifying and mitigating financial reporting risks, addressing control deficiencies, and fostering a culture of accountability and continuous improvement. By collaborating with key stakeholders and providing technical expertise, this role ensures the organization’s financial reporting processes meet regulatory standards and align with best practices, building confidence among management, auditors, and external stakeholders.

• Lead the ICFR program, ensuring the effectiveness of financial reporting controls.
• Develop and manage the ICFR framework, ensuring alignment with regulatory standards, accounting principles, and best practices.
• Coordinate with cross-functional teams to implement and maintain strong financial reporting controls.
• Design, document, and test internal control processes related to financial reporting in collaboration with concerned stakeholders.
• Identify control gaps, assess financial reporting risks, and recommend corrective actions.
• Lead process improvement initiatives to strengthen the control environment.
• Ensure compliance with relevant regulatory standards, IFRS/GAAP, and other financial reporting requirements.
• Oversee the annual ICFR assessment, including preparing documentation, process narratives, risk assessments, and testing plans.
• Partner with internal and external auditors to coordinate ICFR audits and ensure timely remediation of identified deficiencies.
• Provide training and guidance to internal teams on ICFR requirements and control best practices.
• Mentor and coach ICFR team members, promoting a strong culture of compliance and control awareness.
• Liaise with senior management, finance, audit, and operations teams to address ICFR-related issues.
• Prepare and present ICFR program updates to executive leadership, audit committees, and other stakeholders. 
• Collaborate with IT and process owners to align ICFR efforts with overall governance and risk management strategies.

Education:

• Chartered Accountant (CA), CPA, ACCA, or equivalent professional qualification.
• Advanced knowledge of IFRS is mandatory.

Experience:

• 15 years of experience, with at least 5 years in a Big 4 audit firm.
• Extensive experience in ICFR, financial reporting, and audit processes in complex or regulated industries.
• Demonstrated success in leading teams and managing large-scale projects.

Technical Skills:

• In-depth understanding of IFRS, COSO framework, and financial reporting standards.
• Strong analytical and problem-solving skills with attention to detail.
• Proficient in using financial systems (e.g., SAP, Oracle, or similar ERP systems) and audit tools.

Soft Skills:

• Excellent communication and presentation skills.
• Strong leadership and stakeholder management abilities.
• Proven ability to work under pressure and meet tight deadlines.