Written by author on June 26, 2009 – 1:12 pm
Ocwen Financial Solutions Pvt. Ltd is looking for Audit to work in their company at Bangalore
Company Profile :
Ocwen Financial Corporation (NYSE:OCN) is a diversified financial services holding company with headquarters in West Palm Beach, Florida, and a presence in Canada, China, Germany, India, Japan and Taiwan. Ocwen Financial Corporation is engaged in a variety of businesses related to residential and commercial mortgage servicing, real estate asset management, asset recovery, global outsourcing and the marketing and sales of technology solutions to third parties. Ocwen Financial Corporation is a global leader in customer service excellence as a result of our company-wide commitment to quality, integrity and accountability.
The technology arm of Ocwen is responsible for the design, development, testing, release and support of a suite of software products which run the operations of the company. Besides, these applications also support the core business operations of a host of other major players in the mortgage banking industry. These products are either #1 or #2 in their respective
Job Description :
Risk Management Group is charged with maintaining an independent oversight of the credit, operational, and financial risks within Ocwen. It is responsible for the identification, assessment, control and finance of Ocwen’s exposure to loss. The primary objectives are to ensure the adequacy and effectiveness of internal controls through a comprehensive loan review program that ensures originated or purchased loans have been underwritten or acquired in accordance with established guidelines, and to ensure that management is recognizing and reserving for potential losses in the various lending portfolios in a timely manner.
We are currently seeking a Director for our office in India to lead our audit and SOX teams.
As Director of Internal Audit and SOX compliance, the candidate will lead the global audit and SOX team and bring best in class thinking to these functions relative to risk assessment, audit process development, utilization of automated audit tools, and will be expected to perform the following:
1. Corporate Audit
• Understand the risk profile of the Company and constantly update risk framework
• Drive the development of and execute against risk-based audit plans that clearly define the objective and scope of each review, employing critical thinking and appropriate testing methodologies
• Provide an independent appraisal of controls over financial integrity, operational effectiveness, IT controls for security, privacy and high availability, and compliance with laws and policies
• Develop strong relationships with clients, teaching them how to think about identifying and mitigating risks in their environment.
• Manage and grow a talented team of professionals
2. Sarbanes-Oxley Section 404 Compliance
• Administer the Company’s Section 404 compliance efforts, including control definition, self-assessment and testing.
• Coordinate testing plans and results with external auditors
3. Facilitate external audits, SAS 70 reviews, rating agency reviews and customer audits, and actively project-manage the remediation of external audit findings.
4. Partner with the Legal and Compliance team on the investigation of Whistleblower complaints and other matters
5. Report to the Chief Risk Officer and to the Audit Committee, and interact with the audit committee in providing them with regular updates on audit and SOX status, and adherence to IIA standards
6. Periodically report on status of audits, SOX and other projects managed to executives including CEO, CFO, President and other senior executives.
This position is for an experienced internal audit leader who enjoys hands-on involvement in planning and executing reviews, and in developing a durable internal audit methodology suitable to a fast-paced highly demanding environment.
Desired Candidate Profile :
10+ years of applicable risk management and audit experience is required and financial services experience will be a plus.
Must be a CA and possess reasonable knowledge of U.S. GAAP. Audit certifications like CIA, CISA are desired. Prior hands-on experience with Sarbanes-Oxley preferred. Experience leading global teams is a plus.
Qualified candidates should have superior leadership skills, strong technical audit skills including IT, excellent project management and communication skills, as well as a sense of urgency and drive to help the Company manage its risks and opportunities and passion to develop an internal audit practice.
Contact Details :
Company Name : Ocwen Financial Solutions Pvt. Ltd
Website : http://www.ocwen.com
Address : Ocwen Financial Solutions Pvt Ltd
7 floor, Spectrum Towers,
Mindspace complex, Link Road,
Malad W
Mumbai,Maharashtra,INDIA 400064
Telephone : 91-22-56992266
