Principal in Finance Control

Rhoon , South Holland, Netherlands

Type: n/a

Category: Finance & Accounting

Requirements: English
Company: ING Bank N.V.
Region: Rhoon , South Holland

Your Work Environment

Group Finance/ Reporting Control Management is the corporate staff department responsible for the Internal Control over Financial Reporting. In this capacity the team is the linking pin between Group Finance and the other corporate departments, local ING entities and shared service centers. This includes maintaining the day-to-day relationship with the local finance control officers and taking the ownership for implementing the requirements leading to a sound internal control over global reporting processes.

This is a dynamic environment as requirements in financial and regulatory environment are continuously increasing. The department supports internal stakeholders within Group Finance by ensuring that the processes, controls and their testing is performed in line with the internal and external reporting requirements. Further internal stakeholders are non-financial risk departments, enterprise risk management business representatives, internal and external auditors. The RCM team has a dynamic culture, characterized by open, direct and informal communication, with a focus on team work.

About Group Finance and our department

Group Finance is the corporate staff department responsible for the external financial and regulatory reporting. Based at the Global Headquarters in Amsterdam, the Reporting Control Management team consists of 10 finance control experts (including the Global Head of Reporting Control Management whom you report to. This team consists of a diverse group of experts with different nationalities and backgrounds and is part of the broader Policies & Procedures department (which next to the this team, consists of the IFRS policies, ESG Regulatory reporting and Regulatory Policies & Oversight departments).

Your Role

As a Principal in Finance Control, you are co-responsible for maintaining an effective framework for identifying and reducing reporting risks as well as increasing control awareness. You are strongly result-oriented professional who continuously looks for ways to drive change/improve and deliver high quality. You have a deep knowledge and experience and dare to speak out. You are capable to translate a generic strategy into tangible actions, approach issues from a helicopter perspective but can also handle issues in detail when necessary. You are independent but also able to work in small teams, sometimes coaching more junior team members or as part of larger (multi-disciplinary) projects and programs.

The teams tasks include the following, in which you will play a principal role:

• Develop, update and maintain the ING guidance on Internal Control over Financial Reporting (such as yearly update of the ITGC/ITAC Framework (including test plans), evaluation of deficiency guidelines and reporting instructions);
• Coordinate and actively participate in the ICFR/SOX404 sign-off process;
  • Involvement in the local sign off of countries, (IT-)service organisations, Business Lines and Corporate Departments
  • Coordination and evaluation of an ING wide focus area (e.g. IT controls, Loan Loss Provisioning or Disclosures)
  • Communication with internal stakeholders and the external auditor of the design, implementation and operating effectiveness of the ING ICFR control framework with a focus on IT general controls and application controls.
• Help entities with the implementation of internal controls in line with the guidance to ensure a sound control environment, resulting from;
  • New accounting standards under IFRS
  • Change Management or changes within the IT environment
  • Increase of Sox scope, new locations added that need to apply the Sox controls for the first time
  • Identified deficiencies throughout the organization, indication for attention areas where guidance needs to be improved or training should be given
• Lead deep dives into IT control, finance control and accounting matters;
  • Virtual and/or on location site visits
  • Ad hoc requests for deep dives, coming from senior management
  • ICFR assessment of errors found in financial reporting and/or controls
• Seek opportunities for control optimization that is still SOX compliant and leads to a more effective and efficient SOX environment. Align with other control frameworks as a contributor/advisor to the Enterprise Risk Management environment.
• Responsible for the quality of documents for the ICFR governance meetings;
  • Open hours, which is a weekly call with all FCOs worldwide where all areas of attention, comments from second line and the external auditors are shared. This is based on the involvement in a specific focus area
  • Materials for the (bi-)annual evaluation meeting at Group level
  • Materials for the decision making

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