Job Title: Finance Control Oversight (FCO), Vice President
Location: Mumbai, India
Role Description
About Finance Control Oversight (FCO)
- Finance Control Oversight (FCO) supports the Chief Financial Office (CFO) by providing an aggregated view of financial reporting risk and assisting in the management of these risks against the defined risk appetite. The team maintains strong regional connectivity and supports Chief Financial Officer (CFO) teams across the Americas, Europe, Middle East and Africa (EMEA), and Asia-Pacific (APAC) through independent assessment of risks, control issues, and related remediation actions.
- FCO partners with Finance and other stakeholders, including Infrastructure and Business teams, to implement and maintain a robust risk management framework covering SOx, Balance Sheet Substantiation, incident reporting, audit issue management, and broader non-financial risk oversight.
About the Role
- The Vice President within the Finance Control Oversight team will play a key role in reviewing, managing, and strengthening the control environment for Accounting and Financial Reporting Risk. The role requires the individual to assess risks against appetite, identify control gaps, challenge issue assessments, and support timely remediation to ensure risks are appropriately managed.
- The role involves working closely with senior Finance stakeholders, regional Chief Financial Officer (CFO) teams, control owners, Group Operational Risk Management (ORM), internal auditors, external auditors, and other partner teams to assess the effectiveness of controls, evaluate control failures, and drive sustainable remediation plans.
- The Vice President (VP) will be expected to provide strong subject matter expertise across Sarbanes-Oxley (SOx), Balance Sheet Substantiation (BSS), incident reporting, self-identified issues (SIIs), audit lifecycle management, and preventive risk management practices.
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
- Best in class leave policy
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above
Your key responsibilities
- Partner with Chief Financial Officer (CFO) teams to identify, assess, and remediate risks impacting Internal Controls over Financial Reporting (ICFR) within the Sarbanes-Oxley (SOx) framework.
- Assess financial reporting errors, operational loss events, and control failures to determine root cause, lessons learned, read-across impact, and required remediation actions.
- Perform scenario analysis and targeted reviews to identify potential control gaps, emerging risks, or weaknesses in the existing control framework.
- Evaluate the impact of changes in financial reporting processes, systems, or control frameworks and ensure appropriate risk coverage.
- Monitor financial reporting risk through key risk indicators, metrics, and reporting to determine whether risks remain within appetite tolerance.
- Prepare high-quality communications, presentations, and reporting packs for senior stakeholders, ensuring clear articulation of key risks, themes, and actions.
- The role requires a front-to-back understanding of issues, findings, and events to assess their impact on Internal Control over Financial Reporting (ICOFR) and to ensure appropriate escalation, ownership, and closure.
Key Tasks Performed by the Vice President (VP), Finance Control Oversight (FCO)
- Provide independent oversight, review, challenge, and guidance on the effectiveness of the Internal Control over Financial Reporting (ICOFR) framework, including Sarbanes-Oxley (SOx) governance, control design, operating effectiveness, and remediation of control gaps.
- Support annual SOx scoping and risk appetite threshold assessments to ensure appropriate coverage of in-scope Financial Statement Item (FSI), Legal Entity (LE), Universal Business Reference (UBR) combinations.
- Manage and review SOx key control data in dbMonitor, including control set-up, amendments, deletion requests, user role updates, performer/tester assignments, workflow owner changes, and Monitor and remediate dbMonitor data quality issues
- Govern annual design certification responses, follow up on unfavorable responses, confirm remediation plans, and ensure control descriptions, coverage, supporting reconciliations, data feeds, personnel changes, applications, vendors, and EUDA are appropriately assessed
- Prepare and support Design and Operating Effectiveness (D&OE) assessments, including review of control failures, SOx fails, deficiencies, assurance results, control testing outcomes, and management responses.
- Assess findings, operational events, timing events (SAB108) accounting errors, SOx failures, and other control gaps for ICFR relevance and SOx impact.
- Perform root cause analysis, lessons learned, read-across assessment, deficiency evaluation, and impact assessment to determine whether matters indicate a control deficiency, significant deficiency, or potential material weakness.
- Conduct or support deep dives and targeted reviews over high-risk processes to assess end-to-end process design, control coverage, minimum control standards, documentation quality, and remediation requirements.
- Lead or support annual SOx framework training, including preparation of training materials, participant tracking, follow-up queries
- Support Form 20-F Senior Officer Certification activities, including preparation of responsibility matrices, certification tracking, Workiva process coordination, sign-off monitoring, and escalation of overdue certifications.
- Support Payment Gold Standard (PGS) control inventory recertification processes by coordinating with Finance owners, validating completeness of applications and control assessments, obtaining attestations, and addressing remediation queries.
- Monitor SOC1 activities, including review of SOx relevant vendor submissions, Controls Assessment Questionnaires, bridge letters, exception handling, alternative procedures, and control gap assessments to ensure completeness, consistency, timely escalation, and appropriate SOx impact assessment.
- Prepare, review, and respond to stakeholder communications relating to SOx control queries, dbMonitor access or change requests, control ownership, tester and performer assignments, policy interpretation, and control remediation evidence.
- Contribute to global and local control initiatives, including control oversight programmes and risk-focused projects.
- Identify opportunities for process improvement, automation, and stronger governance across FCO activities.
Your skills and experience
- Approximately 12–15 years of relevant experience, with strong exposure to operational risk, financial reporting risk, controls, audit, or governance within banking or financial services.
- Strong understanding of financial reporting, disclosures, IFRS, and related accounting processes.
- Strong knowledge of SOx, Internal Controls over Financial Reporting (ICFR), and risk and control frameworks.
- Good understanding of banking products, investment banking processes, and finance control environments.
- Excellent analytical skills with strong attention to detail and the ability to identify errors, gaps, redundancies, and control weaknesses.
- Strong written and verbal communication skills, with the ability to articulate complex matters succinctly and prepare senior management-ready materials.
- Ability to engage, challenge, and influence senior stakeholders across global teams. Ability to work independently and collaboratively, manage multiple priorities, and deliver within deadlines.
- Proficiency in Microsoft Office applications, particularly Excel and PowerPoint and Artificial Intelligence tools (AI)
- Demonstrated commitment to continuous process improvement and a positive risk management culture.
Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.
How we’ll support you
- Training and development to help you excel in your career
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs
About us and our teams
Please visit our company website for further information:
https://www.db.com/company/company.html
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
