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Director, Global Internal Controls

VF

VF

Greensboro, NC, USA
Posted on Friday, June 14, 2024

DIRECTOR, GLOBAL INTERNAL CONTROLS

The position will report to the Vice President, Enterprise Financial Reporting Controller and is responsible for developing the VF internal controls design and strategy and overseeing successful compliance across the business. The position will manage and advance VF’s SOX compliance tools and templates, enforce documentation standards, serve as administrator of the system supporting the assessment process, coordinate the enterprise-wide assessment process, and report results and recommendations to leadership. This role will own the partnership with external auditors, overseeing their work, and ensuring that they are meeting their deliverables to the business. VF’s SOX Compliance Program forms the basis for Management’s Report on Internal Control over Financial Reporting as disclosed in VF’s 10K and 10Q filings

How You Will Make a Difference:

Global Internal Controls Center of Excellence (“CoE”)

  • Oversee and partner with leadership on the Global Internal Controls strategy leveraging subject matter expertise to design and implement VF’s global internal controls to mitigate risk and achieve compliance while meeting the business’ needs
  • Implement and maintain VF’s global internal controls framework with the objective of keeping VF compliant with established laws, rules, regulations and standards related to the preparation of financial statements
  • Partner with key stakeholders across multiple regions, Controllers and cross functional teams, to design controls and an integration platform in response to new accounting requirements, Enterprise Risk Management outcomes, and Internal Audit results
  • Study the landscape of existing internal controls and explore opportunities to standardize, harmonize and optimize internal control practices
  • Lead the design and implementation of an internal control self-monitoring program for businesses that are not covered in VF’s assessment of ICFR (SOX Assessment Program)
  • Influence across various levels within the organization to implement controls, drive accountability and build business solutions to mitigate risks in an effective, timely and efficient manner.

Sarbanes-Oxley Compliance

  • Oversee technical and consultative guidance around the implementation and changes to VF’s internal controls over financial reporting (“ICFR”) including the execution of VF’s assessment of ICFR. Ensure adherence to VF’s SOX Compliance framework enforcing program design, practices and protocols by collaborating with SOX coordinators across regions, and directly oversee EMEA SOX compliance
  • Lead bi-annual risk assessments to be completed by VF’s Controllership with the objective of determining the businesses, locations, processes, accounts and disclosures to be covered within VF’s assessment of ICFR
  • Lead the review of PMO Demands in collaboration with SOX Coordinators to identify projects that are potentially impactful to VF’s SOX program and drive the implementation or changes of applicable controls
  • Partner with in-scope business units on a quarterly basis to understand the results of their assessment of ICFR and distill the assessment to formulate a preliminary assessment of ICFR for the enterprise, to be reviewed and approved by the VP of Global Assurance and Internal Controls
  • Lead VF’s SOX Oversight Committee (“SOC”) meetings and report the preliminary assessment of ICFR to the SOC on a quarterly basis. The outcome of the meeting serves as the basis for the 302/304 disclosures in VF’s 10Q/K filings
  • Oversee the completion of action plans tied to SOX deficiencies and escalate with appropriate leaders any aged action plans

External Audit Coordination

  • Act as the main liaison and partnership owner for external auditors to create better alignment and efficiencies while monitoring and reporting on the global audit status from cost and execution perspectives
  • Lead the negotiation and manage the administration of changes in audit fees for audit services provided by VF’s primary external auditors, in alignment with VP of Global Assurance and Internal Controls and the Chief Accounting Officer, as well as monitor progress against agreed upon services and fees through periodic reporting
  • Oversee the execution of VF’s global integrated audit, statutory audits, and other agreed-upon procedures performed by VF’s primary external auditors and escalate to the VP of Global Assurance and Internal Controls any risks or unexpected costs

Years of Related Professional Experience: 10 years of related professional experience

Educational/ Position Requirements:

  • Bachelor’s degree in Accounting, Finance or related field; Master’s degree and CPA preferred
  • Generally, 5-6 years of progressive experience in Internal Controls or Audit, including experience with establishing process or controls enablement OR an equivalent combination of education and experience; with at least five years of managerial experience
  • Advanced skills in Governance, Risk and Internal Control Frameworks
  • Demonstrated expertise in financial risk and internal control over financial reporting
  • Experience with designing and maintaining a SOX Compliance functions
  • Proven knowledge of both technology and finance compliance governance and regulations
  • Proven knowledge of Sarbanes-Oxley Section 302 and 404 compliance
  • Strong process management orientation, analytical capabilities, and information systems functionality required
  • Strong project management and facilitation skills required to manage all activity relating to ongoing compliance and simultaneous projects of a complex nature
  • Ability to forge close partnerships with VF’s Controllers, key business partners and primary external auditors
  • Ability to influence positive change
  • Ability to drive the agenda and governance applied by the VF SOX Oversight Committee
  • Excellent verbal and written communication skills. English communication skills are mandatory. Additional language(s) a plus

Special Physical and/or Mental Requirements:

  • Travel by air and overnight, as required 10% amount of time.

Hiring Range:

$140,800.00 USD - $176,000.00 USD annually

Incentive Potential: This position is eligible for additional compensation awards that may include an annual incentive plan, sales incentive, or commission potential. Specific details of the additional compensation eligibility for this position will be provided during the recruiting and interview process.

Benefits at VF Corporation: You can review a general overview of each benefit program offered, including this year's medical plan rates on www.MyVFbenefits.com and by clicking Looking to Join VF? Detailed information on your benefits will be provided during the hiring process.

Please note, our hiring ranges are determined and built from market pay data. In determining the specific compensation for this position, we comply with all local, state, and federal laws.

At VF, we value a diverse, inclusive workforce and we provide equal employment opportunity for all applicants and employees. All qualified applicants for employment will be considered without regard to an individual’s race, color, sex, gender identity, gender expression, religion, age, national origin or ancestry, citizenship, physical or mental disability, medical condition, family care status, marital status, domestic partner status, sexual orientation, genetic information, military or veteran status, or any other basis protected by federal, state or local laws. If you are unable to submit your application because of incompatible assistive technology or a disability, please contact us at peopleservices@vfc.com. VF will reasonably accommodate qualified individuals with disabilities to the extent required by applicable law.

Pursuant to all applicable local Fair Chance Ordinance requirements, including but not limited to the San Francisco Fair Chance Ordinance, VF will consider for employment qualified applicants with arrest and conviction records.