Risk and Control Specialist - Decatur, IL

Risk and Control Specialist - Decatur, IL

General
The 1ADM Risk and Controls (R&C) team is responsible for designing a risk and control framework that ensures processes implemented in SAP S/4HANA, as part of the 1ADM project, contain globally scalable controls addressing key financial risks. The 1ADM R&C team ensures that controls are designed and implemented for new IT applications prior to go-live so that new systems are compliant with Sarbanes Oxley (SOX) regulatory requirements at system go-live.

Risk and Controls Specialists at ADM are detail oriented and have proven ability to think and work independently. They possess the ability to identify problems or opportunities for improvement and regularly propose solutions to problems. Business Process Controls Leads are expected to independently manage complex projects and have an advanced understanding of business processes and internal controls in SAP S/4HANA accounting systems. They must demonstrate a high level of self-confidence in dealing with management at various levels and various administrative, commercial, and operations areas, as applicable. They should be considered an internal controls expert in SAP S/4HANA in assigned process areas and have demonstrated ability to see projects through to completion.

Experience
/- 5/7 years of professional experience.

Job Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or other related fields.
• Knowledge of SAP S/4HANA systems and best practice SAP Business Process Methodology for end-to-end processes, including the following: record to report, prospect to cash, plan to deliver, hire to retire, source to pay, and transportation management.
• Strong understanding of internal control frameworks (e.g., COSO), and risk management principles and SOX regulatory requirements.
• Ability to manage multiple priorities, work under time constraints, and meet deadlines.
• Strong verbal and written communication and good interpersonal skills to develop support and engagement from various stakeholders.
• Ability to provide creative solutions and strong organizational skills.
• Self-motivated and dependable with a strong desire to learn and contribute to team efforts.
• Strong facilitation and conflict resolution skills.
• Experience with various ADM systems or knowledge of ADM business processes is a plus.
• CIA, CISA, CRISC, or related certification is a plus.

Responsibilities

• Drive standardization of internal controls design within SAPS/4HANA. Work directly with the global R&C team and Global Process Owners to focus on streamlining and standardizing controls in North America, South America, EMEAI, and Asia.
• Perform Risk Assessment based on the new processes that will be implemented and develop SAP S/4HANA internal controls documentation and testing procedures for manual and system-enabled controls, such as key configurations, inherent functionality, system integrations/interfaces, and security (segregation of duties and sensitive access).
• Create detailed manual control procedures and training materials for Management to ensure that controls are appropriately developed and implemented by Management to address relevant financial assertions.
• Create functional test procedures (test scripts) and control automation narratives and execute testing for system-enabled controls such as key configurations, inherent functionality, system integrations/interfaces, security (segregation of duties and sensitive access), and custom reports.
• Identify pain points in control design and execution, assist with transitioning from the current state of compliance to the ‘to be’ state, and design efficient and effective solutions.
• Receive and incorporate feedback on internal controls design received by key stakeholders to ensure successful execution.
• Communicate the ‘to be’ control design to the organization and auditors.
• Validate and support controlled conversion of data legacy applications to SAPS/4HANA.
• With regards to the 1ADM R&C Project:
  • Identify key financial risks and design SOX controls.
  • Evaluate and assist in communication of process gaps leading to potential control deficiencies. Be able to evaluate potential financial exposure to ensure appropriate decision-making.
  • Actively participate in and facilitate meetings.
  • Assist in completing reporting to Management, Internal Audit, and External Audit (Ernst Young).
• Coordinate with IT Process Controls Leads to ensure appropriate I.T. General Controls (ITGCs) design for SAP S/4HANA.
• Additional annual audit work as needed.