Director, US Compliance and Control

New York, New York, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

The Director, US Compliance and Control should have strong planning and organization skills, with the ability to manage large complex projects and synthesize information into executive presentations. They must possess the ability to adapt to rapidly changing circumstances with a professional, solution-oriented mindset, a strong bias for collaboration, resourcefulness, and on-time execution, and sound judgment in problem analysis, distinguishing between relevant and irrelevant information. A good understanding of internal control frameworks such as COSO is also required.

Responsibilities

The Director will manage the annual compliance program, including internal control evaluation, design, documentation, walkthroughs, sample-based testing, remediation, reporting, and process improvements. They will participate in various compliance projects, establish consistent audit practices, drive operational excellence, collaborate with finance and internal audit teams, identify key control issues and emerging risks, and implement efficiencies and automation using data analytics. The role involves coordinating testing cycles, completing detailed reviews of testing performed by the compliance team, interacting with personnel to develop remediation recommendations, and providing executive management with updates on the operating effectiveness of internal controls over financial reporting.

Skills

Internal Control Evaluation

Internal Control Design

Internal Control Documentation

Walkthroughs

Sample-Based Testing

Remediation

Reporting

Process Improvements

Compliance Projects

Business Acumen

Internal Control Frameworks

COSO

Operational Control Environment

Control Objectives

Risk Assessment

Project Management

Team Management

Audit Practices

Operational Excellence

Best Practices

Collaboration

Risk Identification

Universal Music Group

Global music recording, publishing, and distribution

About Universal Music Group

Universal Music Group (UMG) operates as a major player in the global music industry, engaging in recording, publishing, and distribution across over 60 countries. The company works with a wide range of clients, from famous artists like Elton John and Taylor Swift to new and independent musicians. UMG's operations include selling physical and digital music, streaming services, licensing music for various media, and organizing live performances. The company signs artists to contracts, produces their music, and manages their publishing rights, while also offering marketing and promotional services to help artists expand their reach. UMG generates revenue through multiple channels, including music sales, streaming subscriptions, licensing fees, live performances, and merchandise. This diverse approach allows UMG to maintain its leadership position in the music market by providing comprehensive support to artists and capitalizing on various revenue opportunities.

Santa Monica, CaliforniaHeadquarters

1934Year Founded

$3,890.9MTotal Funding

IPOCompany Stage

Consumer Goods, EntertainmentIndustries

10,001+Employees

Benefits

Competitive Salary

401k

Flexible PTO

Medical, dental, visiion insurance

Student Loan Repayment Assistance & Tuition Reimbursement

Well-Being Allowance

Risks

Legal battle with Drake over 'pay-for-play' could harm UMG's reputation.

Downtown Music acquisition may face regulatory scrutiny, delaying expansion plans.

AI partnership with Amazon may not fully address evolving AI content challenges.

Differentiation

UMG leads the music industry with a diverse global presence in 60+ countries.

UMG's artist-centric streaming model enhances engagement and revenue for musicians.

UMG's strategic partnerships, like with Amazon, bolster innovation and content protection.

Upsides

UMG's acquisition of Downtown Music boosts its independent music sector presence.

Partnership with KLAY Vision positions UMG as a leader in AI-driven music innovation.

Collaboration with WPP enhances UMG's marketing capabilities and global reach.

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