Manager, Internal Controls Assurance – Corporate and EMEA at Universal Music Group

Santa Monica, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Music, EntertainmentIndustries

Requirements

Minimum of 8 years of experience in a combination of public accounting, Internal Control and/or Internal Audit
Prior working experience in finance roles (advantage)
Prior experience working in a global multinational company
Degree from a major university with a major in Accounting, Finance, or Business
Certified Public Accountant and/or other professional certification such as CFE or CIA (preferred)
Multilingual: Fluent in English; another language is an advantage, Spanish highly desirable
Experience with data analytic tools (advantage)
Strong understanding of governance and internal control regulations, including COSO
Good understanding of accounting principles, preferably under IFRS
Knowledge of the role of IT General Controls and application controls
Understanding of operational risk areas and related control strategies
Experience with SAP ERP, BPC and Hyperion FM (advantage)
Excellent verbal, written, and interpersonal communication skills
Strong organizational skills and ability to coordinate multiple tasks concurrently

Responsibilities

Support in developing, enhancing and executing the annual Internal Control Assurance Program
Support in developing and implementing continuous improvements in the internal control assurance program
Develop (process) control standards and related testing plans to address existing and new risks
Develop, optimize, and execute test plans to evaluate the design and operating effectiveness of controls
Proactively follow-up and track identified remediation plans required in Operating Companies
Assist Operating Companies with the identification of process control improvement opportunities
Perform deep dive controls assessment for assigned areas
Independently review balance sheets and account reconciliations
Proactively manage relationships with business functions, IT and other compliance teams
Drive continuous improvements in the internal control assurance program
Manage and monitor progress of annual verification of control effectiveness by Operating Companies across the region
Develop and manage the process of monitoring change in company operations and impact on control environment
Plan and perform reviews of regional Operating Companies control processes and documentation
Manage day-to-day relationships with management members and provide guidance and advice
Facilitate trainings on internal control related topics to Corporate functions and Operating Companies/Business Units in the region
Involves an amount of international travel

Skills

Key technologies and capabilities for this role

Internal ControlsControl AssuranceRisk AssessmentTest PlansControl TestingRemediation TrackingProcess ImprovementSOX Compliance

Questions & Answers

Common questions about this position

What is the salary for this Manager, Internal Controls Assurance position?

This information is not specified in the job description.

Is this role remote or does it require working from a specific location?

The role is based at UMG’s Corporate Headquarters in Hilversum, the Netherlands, where the Internal Control Assurance Department is located.

What experience is required for this position?

A minimum of 8 years of experience in a relevant field is required.

What is the team structure like for this role?

The Internal Control Assurance Department is a recently created team of in-house professionals located at UMG’s Corporate Headquarters in Hilversum, the Netherlands, and reports into the Global Head of Controls Assurance.

What career growth opportunities does this role offer?

Team members acquire a strong knowledge of the group, its activities and operations which place them in a strong position to evolve into internal finance management positions in the future.

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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