Head - Controls & Compliance

About the role

In this role, you will lead a team of approximately 25 people based in Bengaluru, supporting Tesco Group's Internal Controls over Financial Reporting programme. Your primary responsbilities will be to oversee our controls testing programme that is ultimately reported to our Audit Committee, manage our deficiency process, drive our controls culture and help to evolve the testing function as we invest in controls transformation.

You will be responsible for

1. Oversee Tesco Group's financial control testing programme:

Day to day management and oversight of our control testing team.

Deliver our annual testing programme which includes operating effectiveness, design & implementation and remediation testing.

Maintain a high standard and quailty of testing that evovles with the business and industry expectations.

Manage the capacity across the testing team throughout the year.

Ensure consistency across business units, testing types and ultimately our testing conclusions.

Prepare reporting and analysis of testing results.

1. Oversee our issue management process:

Standover the process monitoring and updating the status of control deficiencies, both those identified by our external auditors and through our internal processes.

Finance Director and above reporting on deficiencies.

Support local control owners to remediate deficienices, particuarly any that are large and complex.

1. Drive and embed controls culture through:

Designing and delivering training

Developing control communities / networks to support control owners and operators.

Establish a programme of management testing and self assessments to support our exisiting testing programme.

Partner with control owners and operators to understand and support their needs and knowledge gaps.

1. Evovle our testing function over time:

Incorporate the output from Continuous Controls Monitoring and Data Analytics into our testing programme.

Support the testing team to take on new and varied control testing in the future (e.g. ESG control testing)

Continuous improvement of the process and function

You will need

SOX / Internal controls implementation and design improvement.

Knowledge of core financial end to end processes.

Knowledge of auditing concepts and principles.

Understanding of IT General Controls

Knowledge of Reporting and Corporate Governance.

Ability to manage teams across multiple locations

Ability to provide technical guidance and training to end users.

Educated to degree level in a relevant subject.

Professional Finance Qualification

Strong communication skills to include report writing, presentation, influencing and relational skills.

Whats in it for you?

At Tesco, we are committed to providing the best for you.

As a result, our colleagues enjoy a unique, differentiated, market- competitive reward package, based on the current industry practices, for all the work they put into serving our customers, communities and planet a little better every day.

Our Tesco Rewards framework consists of pillars - Fixed Pay, Incentives, and Benefits.

Total Rewards offered at Tesco is determined by four principles - simple, fair, competitive, and sustainable.

Salary - Your fixed pay is the guaranteed pay as per your contract of employment.

Annual Bonus - Opportunity to earn additional bonus, distributed as 2/3rd in compensation and 1/3rd in shares.

Leave & Time-off - Colleagues are entitled to 30 days of leave (18 days of Earned Leave, 12 days of Casual/Sick Leave) and 10 national and festival holidays, as per the company's policy.

Making Retirement Tension-FreeSalary - In addition to Statutory retirement beneets, Tesco enables colleagues to participate in voluntary programmes like NPS and VPF.

Health is Wealth - Tesco promotes programmes that support a culture of health and wellness including insurance for colleagues and their family. Our medical insurance provides coverage for dependents including parents or in-laws.

Mental Wellbeing - We offer mental health support through self-help tools, community groups, ally networks, face-to-face counselling, and more for both colleagues and dependents.

Financial Wellbeing - Through our financial literacy partner, we offer one-to-one financial coaching at discounted rates, as well as salary advances on earned wages upon request.

Save As You Earn (SAYE) - Our SAYE programme allows colleagues to transition from being employees to Tesco shareholders through a structured 3-year savings plan.

Physical Wellbeing - Our green campus promotes physical wellbeing with facilities that include a cricket pitch, football field, badminton and volleyball courts, along with indoor games, encouraging a healthier lifestyle.

About Us

Tesco in Bengaluru is a multi-disciplinary team serving our customers, communities, and planet a little better every day across markets. Our goal is to create a sustainable competitive advantage for Tesco by standardising processes, delivering cost savings, enabling agility through technological solutions, and empowering our colleagues to do even more for our customers. With cross-functional expertise, a wide network of teams, and strong governance, we reduce complexity, thereby offering high-quality services for our customers.

Tesco in Bengaluru, established in 2004 to enable standardisation and build centralised capabilities and competencies, makes the experience better for our millions of customers worldwide and simpler for over 3,30,000 colleagues.

Tesco Business Solutions:

Established in 2017, Tesco Business Solutions (TBS) has evolved from a single entity traditional shared services in Bengaluru, India (from 2004) to a global, purpose-driven solutions-focused organisation. TBS is committed to driving scale at speed and delivering value to the Tesco Group through the power of decision science. With over 4,400 highly skilled colleagues globally, TBS supports markets and business units across four locations in the UK, India, Hungary, and the Republic of Ireland. The organisation underpins everything that the Tesco Group does, bringing innovation, a solutions mindset, and agility to its operations and support functions, building winning partnerships across the business. TBS's focus is on adding value and creating impactful outcomes that shape the future of the business. TBS creates a sustainable competitive advantage for the Tesco Group by becoming the partner of choice for talent, transformation, and value creation