Compliance and Control Lead

Group Finance/ Reporting Control Management (RCM) is the corporate staff department responsible for several Internal Control Standards, amongst which Internal Control over Financial Reporting (ICFR), regulatory reporting and ESG control standards, next to the coordination of Compliance within the Group Finance department and managing the contract, including stakeholder management, with the External Auditor.

The Compliance and Control team is the delegated owner of three Control Standards (FRR, ESG Reporting and IOBA) which includes regular update of the standards, support in the implementation and execution of the standards throughout the ING organisation and monitoring and evaluation of the effectiveness of the control frameworks. This is a dynamic and complex environment as requirements in financial and regulatory environment are continuously increasing and there many internal and external parties involved.

Management of the External Auditor which involves supporting the ING organisation and the External Auditor in executing a smooth audit process while monitoring of the independence of the auditor worldwide, contracting, fees and expenses and reporting on these topics to the ING (non-) Executive Boards. Ensuring timely delivery of all board level reporting by External Auditors. The team is the owner of the Global Procedure on External Auditor independence.

Further the team supports Group Finance in applying the ICFR framework for its own processes (FCO role) and all other ING compliance requirements such as Gifts and Entertainment, Business Continuity, Market Abuse and many more.

The RCM team has a dynamic culture, characterized by open, direct and informal communication, with a focus on teamwork.

Your Role

As team lead, you are leading the Compliance and Control team and responsible for the effectiveness of the three internal control frameworks in your scope next to the effective and efficient application of compliance controls within Group Finance. You assure the external auditor remains independent and can perform the audit work without impediments.

You are strongly result-oriented professional who continuously looks for ways to drive change/improve and deliver high quality and efficiency. You have a deep and broad knowledge and experience and dare to speak out. You are a key contributor to formulating the strategy and 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 flexible in re-prioritization and can combine abstract strategic projects with hand-on delivery of top-priority one-off detailed assessments.

You are leading the team, setting priorities, assuring progress and deciding on solutions or escalations when called for. You coach your team members as a ‘primus inter pares’. You are also responsible for the drafting and first level review of company wide, executive level, and audit committee presentations related to your focus areas.

The team’s tasks include the following, in which you will play a principal role:

• Responsible for keeping the FRR, ESG-R and IOBA control frameworks up to date, in strategic terms and communication on this topic to internal and external stakeholders
  • Oversee the timely update of frameworks based on ING guidelines
  • Develop a view on the future application of the frameworks within the setting of the ING Governance, including representing Group Finance is projects designed to change the ING governance on controls and control monitoring
  • Communicating with stakeholders on the application of Finance control frameworks including scoping, application of waivers and deviations
  • Evaluating the results of framework implementations and control monitoring, formulating actions for improvement and monitoring the implementation thereof
  • Assist and challenge entities with the implementation of Finance control frameworks internal controls in line with the guidance to ensure a sound control environment,
    • Increase of scope in terms of locations added or extended application of the frameworks
    • Identified deficiencies throughout the organization, indication for attention areas where guidance needs to be improved or training should be given
  • Supporting the ING HUBs  testing department when needed e.g. through training.
  • Responsible for the quality of documents for communication to the FRR, ESG-R and IOBA community as well as senior management;
• Lead deep dives on topics derived from the standards. Including:
  • Virtual and/or ‘on location’ site visits
  • Ad hoc request for deep dives from senior management
  • assessment of errors found in reporting or other indications of control weaknesses.
• Evaluating and preparing presentations on results for focus areas for internal and external stakeholders
• Seek opportunities for control optimization while remaining the required level of control and promote ways to reduce the (finance) control burden on the business through aiding proper risk assessment procedures throughout the end to end process. Align with other control frameworks as a contributor/advisor to the Enterprise Risk Management environment.

Who are we looking for / your profile & competencies:

You have a hands-on approach, are a self-starter and have a healthy dose of organisation sensitivity combined with an independent state of mind. You are convincing in your work and critical (in a positive sense) of your own performance and that of others. You are a quick learner, analytically strong, a superb team player, have a strong focus on stakeholders, supported by excellent collaboration and communication skills.

In addition, you have:

• An academic degree in Finance or Economics, preferably supplemented by an auditors degree or CIA certificate
• 10+ years of work experience in (external/internal) audit, preferably (including) Big 4
• Proven experience in coaching and supporting junior team members in executing their tasks
• A deep understanding of the Sarbanes-Oxley Act and the COSO 2013 internal controls framework
• Proven experience in complex business process improvements, including design, implementation and execution of (regulatory) oversight processes
• A deep understanding of IT, IT related controls (including IT general controls and application controls)
• Demonstrable knowledge of banking business processes and knowledge of the relevant (legal) regulations and procedures
• Ability to communicate in a clear and concise manner, including both verbal and written communication
• Experience with multi-layered regulator reporting processes and financial statement closing processes and IT general  and application controls;
• Superb business acumen and communication skills to help the business and its stakeholders understand, relate to and action key elements of his/her agenda;
• Possess a highly ethical and professional “executive” demeanor, along with sound judgement and confidence to represent ING in both formal and informal settings in combination with the skills required to make detailed analyses based on multiple sources of data and combine both levels of analysis;
• Represent ING to external parties (auditors, peers, regulators);
• Demonstrated ability to work effectively as a business partner and trusted advisor to the senior management, as well as other internal clients;
• Exceptional influencing skills, being assertive without being antagonistic or alienating;
• Fluent in English (both writing and speaking);
• Bring global perspective and cultural sensitivity;
• Furthermore, you adhere to the ING values and it is evident for you that your behavior is fully aligned with the Orange Code.

Rewards and benefits
We want to make sure that it’s possible for you to strike the right balance between your career and your private life. Find out more about our employment conditions.

The benefits of working with us at ING include:

• 25-28 vacation days depending on contract

• Pension scheme

• 13th month salary

• 8% Holiday payment

• Hybrid working

• Personal growth and challenging work with endless possibilities

• An informal working environment with innovative colleagues

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