Business Process Champion - Treasury amp Source-to-Pay

Profile

Bristol-Myers Squibb is a global Biopharma company committed to a single mission: to discover, develop, and deliver innovative medicines focused on helping millions of patients around the world in disease areas such as oncology, cardiovascular, immunoscience and fibrosis.

Join us and make a difference. We hire the best people and provide them with a work environment that places a premium on diversity, integrity, collaboration and personal development. Through a culture of inclusion, we create a better, more productive work environment. We believe that the diverse experiences and perspectives of all our employees help to drive innovation and transformative business results.

Bristol-Myers Squibb is a global biopharmaceutical company whose mission is to discover, develop and deliver innovative medicines that help patients prevail over serious diseases.

One shared journey is moving us forward at Bristol-Myers Squibb. Around the world, we are passionate about making an impact on the lives of patients with serious disease. Empowered to apply our individual talents and ideas so that we can learn and grow together. Driven to make a difference, from innovative research to hands-on community support. Bristol-Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees the resources to pursue their goals, both at work and in their personal lives.

Position Purpose

Controls in the treasury and source-to-pay cycles are critical to the maintenance of a strong cash management internal control environment, to promote compliance with laws and regulations, and support the efficiency of Bristol-Myers Squibb’s operations. The Business Process Champion (BPC) represents the Business Controls Function (BCF) as a leader and subject matter expert in financial, operational and fraud risks in the Treasury and Source-to-Pay (STP) operations. This Associate Director position reports directly to the Director, International Risk Management, based in Princeton, New Jersey. This role will have responsibility for all Business Control Function global service level delivery with respect to the STP and treasury cycles, interacting closely with line and senior management Business Process Owners (BPOs) in these critical areas. The individual selected for this position will implement best practices and remain abreast of outside developments in these cycles, and serve as a business partner to leadership in these organizations.

Duties & Responsibilities

Governance & Stakeholder Engagement

Regularly engage with management in the treasury and STP business processes to proactively identify and mitigate financial, operational and fraud risk, serving as subject matter in the end-to-end processes for these business cycle.

Maintain formal stakeholder engagement plan for relationship management with the key leaders in these processes.

Consult outside resources as necessary including trade groups and management consulting firms to remain abreast of technological and other developments in these business cycles in an effort to drive process improvement and simplification opportunities.

Deliver training and presentations to the BCF network regarding significant changes in control in respective cycles, to ensure the entire department remains abreast.

Sarbanes-Oxley & Quarterly Section 302 Sub-certification Activities

Proactively evaluate the treasury and STP control environments to ensure the Company’s internal control standards are optimal, with appropriate financial and anti-fraud controls.

Meet with key business leaders in these functions to ensure the controls documentation accurately reflects current practices and procedures.

On a quarterly basis, evaluate out of period adjustments to the financial statements, control failures and Global Internal Audit & Assurance (GIA) observations for potential Sarbanes-Oxley (SOX) deficiency reporting. Respond promptly to all control deficiencies and recommend corrective action, closely collaborating with the Treasury Operations BCF on treasury matters.

Promptly and thoroughly evaluate the financial magnitude and potential pervasiveness of all STP and Treasury internal control deficiencies and work with management to develop robust root cause and remedial action plans, tracked to completion.

Immediately escalate and participate in evaluation of any control deficiencies with indicia of fraud, bribery or corruption to senior BCF leadership and department subject matter experts, including preparing reports to senior management and the Audit Committee of the Board of Directors.

On quarterly basis and more frequently as required, work with BPOs to understand and evaluate changes in control environment for SOX reporting and compliance purposes. This includes review of shared service center activities in the procure to pay cycle, in collaboration with the Treasury Operations BCF on treasury matters, and with local commercial market BCF associates in the Company’s international markets.

Prepare and deliver presentations on the status of control deficiencies to senior management and the Company’s external auditors.

Facilitate annual walk-throughs of internal controls for STP cycle for the BCF’s management and the Company’s external auditors. Update process flows and related narratives as necessary.

Review Sarbanes-Oxley testing that the local Treasury Operations BCF executes and documentation gathered to support walkthroughs with the Company’s external auditors.

Contribute to SOX scoping and testing decisions annually, including quantitative and qualitative considerations such as history and trend of control deficiencies, changes in people, process, technologies, and similar considerations.

Financial, Operational & Fraud Risk Assessment

Collaborate with Business Process Owners in these critical cycles to prepare an annual risk assessment designed to address top-of-mind financial, operational and fraud risks. This risk assessment helps prioritize the BPC’s project work for the year and considers internal and external sources of risks.

Follow-up with BPOs to ensure prompt and thorough implementation of risk mitigation activities.

Oversee the treasury and source-to-pay elements of the BCF’s fraud risk assessment and contribute to content development (i.e., fraud risk scenarios and potential mitigating controls).

Monitor higher fraud risk areas identified in global risk assessment and review if mitigation actions are in place for risks that implicate the Treasury and STP cycles.

Present to BCF and other leadership on the results and status of issues identified in this risk assessment. Collaborate with BCF senior leadership to incorporate suggestions into risk management framework

Internal Audit Facilitation

Facilitate all GIA activities related to the treasury and source-to-pay cycle audits, including attending meetings, understanding observations, interpreting policy and procedure, whether audit findings represent SOX deficiencies, and contributing to the development of innovative remediation and process improvement opportunities.

Follow-up with BPOs on all remedial activity in response to audit observations to ensure prompt and thorough completion, and sustainable control improvement.

Investigative Support

Provide investigative support under Law and Compliance & Ethics and BCF International Lead’s supervision, in particular for matters of occupational fraud in connection with cash disbursements, travel and entertainment expenses, etc.

Education/Experience

7 to 10 years minimum total professional experience in accounting, audit, investigative and similar functions. Big four public accounting / consulting or similar experience required.

Certified Public Accountant or equivalent required. Certified Fraud Examiner designation or desire to attain desirable.

Well-versed in the Sarbanes-Oxley Act and related PCAOB promulgations. Appreciation of and ability to articulate key compliance risks facing global pharmaceutical industry desirable (e.g., FCPA, UK Bribery Act, US Anti-Kickback Statute, etc.).

Strong understanding of the COSO Framework, including the 2013 amendments related to fraud risk assessment.

Ability to analyze and report on issues, financial magnitude and pervasiveness of control deficiencies with speed and accuracy must be a core competency.

Adroitness at identifying root cause and developing of creative and thorough remediation plans designed to ensure sustainable remediation.

Understanding of US GAAP and internal controls, in particular in the treasury and source-to-pay cycles. Must be a subject matter expert in this area with deep experience.

Experience in financial analysis and data analytics desirable.

Previous Finance department experience a plus (e.g., financial analysis, close responsibilities, financial system implementations, etc.).

Bachelor’s degree in accounting required.

Functional/Technical

Ability to manage multiple projects and competing priorities, while working independently with speed and accountability.

Business partner attitude and ability to collaborate with different functions, while maintaining objectivity.

Ability to work with a range of technically and culturally diverse people.

Ability to effectively communicate to a diverse audience and influence others, at multiple levels within the company.

Ability to establish formal relationships across functions and multiple levels of management to drive performance and improve process.

Strong written and verbal communication to facilitate relationship building with peers and senior management. Comfort presenting to senior level leadership on areas that present risk.

Ability to display tact and diplomacy in difficult situations and an appreciation of the importance of confidentiality of matters. Includes ability to address controversial issues of assessing control and fraud risk in a non-adversarial manner.

Strong, proven leader, influencer change agent, and executive presence.

Ability to execute a solution in a confident and successful manner.

Bristol-Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees the resources to pursue their goals, both at work and in their personal lives.

Bristol-Myers Squibb is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

Company info

Bristol-Myers Squibb Company
Website : http://www.bms.com