Finance Control Oversight (FCO), Vice President

Deutsche Bank; India; On-site; INR 3,000,000 - 6,000,000; Full time

Benefits offered by this job

Best in class leave policy

Gender neutral parental leave

Childcare reimbursement

Certifications sponsorship

Employee Assistance Program

Hospitalization insurance

Accident and Term life Insurance

Health screening (35+)

Job summary

Deutsche Bank in Mumbai seeks a Vice President to strengthen the control environment for accounting and financial reporting risk, collaborating with CFO teams, ORM, and internal/external auditors. The role emphasizes deep expertise in SOx, ICOFR, and remediation planning, with cross-functional interaction across regional teams and stakeholders.

The position offers a pathway to lead critical risk governance efforts within a global bank.

Qualifications

• Extensive experience with Sarbanes-Oxley (SOx) controls and governance.
• Strong knowledge of internal control over financial reporting (ICOFR).
• Ability to assess risks, identify gaps, and drive remediation.

Responsibilities

• Partner with CFO teams to identify, assess, and remediate risks affecting ICFR within the SOx framework.
• Assess financial reporting errors, control failures, and determine root cause and remediation actions.
• Perform scenario analysis to identify potential control gaps and emerging risks.
• Evaluate impact of changes in reporting processes and ensure risk coverage.
• Prepare communications and reporting packs for senior stakeholders.

Skills

SOx

ICOFR

Risk assessment

Control frameworks

Financial reporting

Job description

Job Description

In Scope of Position-Based Promotions

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 will you 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.