The Estee Lauder Companies Director Global Financial Controls in Melville, New York
Director Global Financial Controls
Brand: Estée Lauder Companies
The position reports to the Executive Director, Global Financial Controls. This Director position will be a technology lead for the Global Financial Controls group, leading the development, implementation, and steady-state design of the SAP GRC tool and related end user dashboarding capabilities. In addition, this role will be a controls subject matter expert for select global business processes, lead the Sarbanes-Oxley 302 reporting process, serve as the Relationship Lead for external auditor, and lead Acquired Brand Readiness assessments. S/he plays a key role in providing governance, risk management, and controls expertise/guidance to various stakeholders at the global, regional, affiliate, brand and functional levels. The position will also involve interaction with other key compliance functions within the Company, notably with IT Compliance & Internal Audit to ensure the Company assurance model is operating effectively.
This position is based in Melville NY with occasional travel to NYC.
Ensure that the initiatives under position’s area of responsibility are successfully executed, while maintaining a global control environment that is agile and responsive to change. Key areas of responsibility include:
SAP GRC & Dashboarding Technology Lead (40% of time)
- Lead the development and implementation of SAP GRC tool (Process Control module)
o Provide thought leadership on GRC tool implementation. Active participation and input on tool design, stakeholder communication/alignment, set-up/implementation, and HyperCare.
o Tracking, coordination, and quality review of process-level deliverables provided by consultant teams prior to distribution to external auditor and/or ELC Leadership.
o Involvement in the change management process, ensuring process/control owners are aligned with proposed control updates and are adequately trained to execute new GRC processes.
- Lead SAP GRC steady-state tool
o Oversee GRC rule development/updates, dashboarding and reporting updates to ensure the application meets business requirements. Interface with Risk & Controls Center of Excellence to execute updates. Liaise with GIS on tool infrastructure updates, as needed.
o Increase application effectiveness and performance through periodic quality improvement assessment.
Controls Subject-Matter-Expert (SME) for select Global Business Processes (30% of time)
- Design/Maintain Framework (including considerations around key changes / transformations with the ELC org)
o Maintain an effective global ELC SOX key control framework for select global business processes, ensuring controls standardization, identification and updates based on changes to the organization
o Identify and recommend innovation, automation, and analytic-driven approaches to assess and design controls
o Collaborate with stakeholders involved in organizational changes to ensure controls are identified, documented, and designed effectively. Supply subject matter expertise on risk management, compliance and internal control standards for business owners, notably in new processes and transformation areas within the organization.
- Deficiency Analysis & Remediation Guidance
o Critically analyze control deficiencies and provide guidance to develop impactful, sustainable, and timely mitigation plans.
- Remediation Guidance & Validation
o Provide guidance on control remediation strategies to process and control owners
o Validation that action plans implemented achieve assurance requirements
- Process Improvements
o Monitor emerging best practices in internal controls, regulatory compliance, and validation programs and adopt continuous improvement principles to support enhanced control environment.
IT Compliance Special Point of Contact (10% of time)
Serve as the special point of contact (SPOC) with our technology counterpart, IT Compliance, to ensure a shared awareness of new system implementations, control change implications, and testing results
Ensure IT control implications are shared with other Control SMEs across GFC team to facilitate controls framework updates
Third Party Administrator (TPA) Assessment & Reporting (10% of time)
- Administer and lead the TPA assessment and reporting program to ensure controls over service and sub-service organizations are effectively maintained by various stakeholders.
External Auditor Coordination (10% of time)
- Analysis of annual KPMG fees to ensure fees align with services provided and year-over-year variances are understood and clearly explained. Upon Audit Committee approval, communicate approved fees to Regional/Functional Finance leads.
-Facilitate annual audit debrief and audit process improvements between business units and external auditor.
- Coordination with external auditor on annual Planning & International Closing Meetings
Acquired Brands Readiness Assessment (ad hoc)
- Upon acquisition on new brands, work with new brand teams to assess current control environment, develop a controls framework, and establish a roadmap for development/remediation of identified control gaps. Controls would then be integrated into global controls frameworks.
The High-Touch Leadership Competencies provide the framework to build and grow the skills, knowledge, and behaviors in each employee to lead from every chair. Everyone is expected to lead in every position. All of the High-Touch Leadership Competencies are important to success. However, in each position there are three competencies that are imperative for job success.
- Embraces and Initiates Change: Distinguishes what to preserve and what to change. Has the courage to
initiate and lead the changes that drive success.
- Builds Collaborative Relationships: Builds relationships based on trust and respect. Promotes the inclusion
of diverse knowledge, skills, and experiences to achieve results.
- Demonstrates Learning Agility: Ability to anticipate change, face reality, draw conclusions, and swiftly
mobilize to adapt to changing needs and demands.
- Strives for Excellence in Execution: Proactively seeks ways to improve personal and organizational
effectiveness to meet current and future business needs. Learns equally from successes and failures.
Minimum Education level: University degree, Business Management, Finance or Accounting
Minimum Years of Experience: 10
% Travel Time: 5%
Required Language Proficiency: Fluent English
Licenses or Certifications: MBA/CPA/CISA a plus
Additional Job Specifications (e.g., physical demands, working conditions, equipment/machinery, specific skills, etc.):
Relevant experience in the following areas: regulatory compliance, internal controls, financial risk, internal/external audit, shared service centers/centers of excellence;
Expertise in GRC tool (SAP, in particular) and financial regulatory compliance standards (Sarbanes-Oxley, SSAE18, COSO);
Advanced Microsoft Office suite, Tableau/Dashboarding tools, and SAP skills are a must;
Excellent organization, presentation, communication, and comprehension skills;
Ability to gather information, develop & analyze complex data sets, cutting through complexity to arrive at quality insights / solutions;
Develop quality deliverables to be shared with ELC Leadership;
Flexibility & Agility
Ability to work in a matrix organization undergoing significant transformation, under pressure of tight deadlines;
Ability to quickly comprehend objectives and develop actionable working plans, and adapt those working plans, when needed, to execute said objectives (project management capabilities);
Strong skills in prioritization, providing ED with clear, concise status updates on deliverables.
Leadership & Influencing Skills
Independent self-starter with the ability to lead areas of responsibility with limited oversight required;
Ability to operate multi-nationally with overseas business partners;
Effectively uses influencing tactics and can respond effectively to complex organizational or political climates;
Ability to build and cultivate strong relationships with stakeholders (both internal and external) at all levels to help foster a positive compliance culture and create a collaborative environment;
Decision-Making & Creative Problem-Solving Skills
Good judgment with the ability to make timely, sound decisions, from both a compliance and business perspective;
Consideration of key stakeholders, potential roadblocks, and other issues upfront to ensure smooth execution of initiatives;
Solution-oriented individual with ability to identify/solve problems and propose solutions to issues in a proactive, timely manner;
Ability to consider process improvements and innovative thinking to drive further effectiveness / efficiency within the financial regulatory compliance/controls area, while maintaining high level of risk assurance for ELC Leadership;
Job: Finance & Accounting
Primary Location: Americas-US-NY-Melville
Job Type: Standard
Shift: 1st (Day) Shift
We are an equal opportunity employer. Minorities, women, veterans, and individuals with disabilities are encouraged to apply.
Job Number: 190138