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VP Internal Controls

Date Posted: Jul 12, 2019

Location: New York, NY, US, 0

Company: MetLife

PositionVP Internal Controls


Job Location:  200 Park Ave, NY


Oversight for the Company’s determination and execution of its control framework related to Internal Controls over Financial Reporting of the US GAAP consolidated financial statements of MetLife, Inc.’s and Metropolitan Life Insurance Company (“ICFR”) filed with the SEC under the 1934 Act, as well as Internal Controls under Model Audit Rules of the NAIC for applicable US legal entities.


The Role:

The ICD lead will perform annual Risk Assessments of the material misstatement of the above-referenced US GAAP financial statements and produce the annual testing plan of ICFR to support management assertions under Item 9A of the SEC’s Rules. 

Such testing plan would include Financial Statement Line Item risk assessments, identification of significant locations and countries in scope for SOX, and nature of testing to be performed.   The ICD lead will partner with Internal Audit testing cadence and actively participate in review of results and addressing of issues.

This leader will participate in the enterprise governance of operational risk and emerging risk issues across MetLife including as the role relates to integrated risk assessment, issue diagnosis and resolution, risk and issues aggregation, and cross committee participation. 

This leader will also play an integral role in monitoring and assessing the remediation of control deficiencies as well as ensuring that MetLife successfully designs and implements new internal control processes, as needed, as part of its efforts to implement new US GAAP accounting standards (e.g., Long Duration Targeted Improvements, Impairment, Hedging, etc.) and other finance transformation initiatives.


Key Responsibilities:

Oversight of Control Environment:

  • Manage the analytical review of organization-wide control and risk matters leveraging inputs from ‘Risk/ Control Lead’s, including, but not limited to:
    • Control deficiencies, financial reporting errors (adjusted and unadjusted), model risk and actuarial issues, Audit/ SOX testing issues, fraud inquiries, SAB 74, SAB 108, legal matters (resolved, in-progress, potential), etc.
    • Understanding and analysis of COSO impacts
    • Review to emphasize comprehensive impact of issues / matters from across organization
    • Ensure robust documentation and supporting analysis exists for organizational-wide processes, controls, review procedures, and management decisions.
  • Take leadership role in:
    • Facilitating quarterly escalation, communication, documentation requirements across the lines of business as well as related sign-off certification processes for financial reporting.
    • Enforcing a robust sign-off process and understanding significant events, transactions, judgements in order to facilitate effective review, challenge and documentation activities with Controllers during Certification Meetings
  • Deliver adequate and timely reporting on Internal Control framework and control deficiencies in line with the Company’s requirements to ensure appropriate communication, documentation, escalation to senior leadership and adequate action plans
  • Develop  and lead delivery of adequate training material on the internal control objectives, approach and methodology


Responsibilities to Risk Assessments and testing plans:

  • Coordinate the Company’s financial statement risk assessment and testing plan with the external audit firm to ensure consideration of all relevant risks and to enhance efficiencies
  • Actively engage with internal audit to advise on overall SOX testing approach and methodology (including nature, timing, extent)
  • Review and analyze SOX testing results to aggregate impact of issues/ fails along with associated approach to mitigation
  • Manage and inventory, in coordination with Risk and Internal Audit, organization-wide key operational risks and control related issues, including: 
    • Drive cross-functional analysis of key operational risks and control issues
    • Documentation of issues and controls assessments


Responsibilities to Management / Regulatory Bodies / Other Stakeholders:

  • Maintain strong governance processes across stakeholder groups to facilitate assessments, decision making and reporting requirements in a robust and timely manner
  • Participate in cross functional committees (Finance Leadership Team, Executive Group members, etc.) to provide insight as well as be able to inform and influence senior levels to build and gain consensus
  • Maintain relationships with key stakeholders in internal and external audit teams
  • Interact effectively with appropriate external regulatory bodies
  • Drive ‘top-down’ / ‘executive level’ organization wide canvassing to identify and manage key accounting and reporting risks related to ICFR and MAR and issues, culminating in a quarterly report for senior leaders and Audit Committee that highlights how those items are being managed
  • Ensure that during initiatives, such as new accounting standard implementation (e.g., US GAAP Long Duration Targeted Improvements) and Transformations, key internal controls are defined, designed implemented, documented, assessed and monitored


Leadership Effectiveness:

  • Ability to be impactful with audit committee and cross functional business groups
  • Create and maintain a high performance culture and an engaged work environment by ensuring clearly defined roles and responsibilities
  • Attract, motivate, develop and retain sufficient staff to drive initiatives and achieve successful results
  • Mentor and develop team members to ensure strong technical competencies for each team member
  • Apply and implement market standard best practices for managing internal controls over financial reporting and deploy innovative technology where possible to enhance the design and operating effectiveness of the controls, documentation, and assessment and review procedures.


Key Relationships:

  • Reports to: Senior VP External Reporting and Technical Accounting
  • Direct reports/team: 6
  • Key Stakeholders: Deputy ICD Lead, GAAP and STAT ICD Teams, Risk / Control Leads, and Regional Functional Team, EVP Chief Accounting Officer, Technical Accounting Group Lead, SEC / Financial Reporting Lead,  General Auditor, Audit Committee, and Business Unit Leads


Candidate Qualifications:

   Essential Business Experience and Technical Skills:

Essential Business Experience and Technical Skills:

  • B.A./ B.S. in one of the following areas: Accounting, MIS, Economics and Finance
  • ‘Big Four’ work experience at the Senior Manager / Partner level
  • At least 10 – 15 years of work experience is required
  • Background in Financial Reporting, internal control and/ or SOX at a global organization is necessary
  • Candidate should have a deep understanding of SOX, COSO, control frameworks
  • Exposure to technology solutions and process innovation / change management
  • CPA is a plus, but not required
  • Experience in working with appropriate regulatory bodies




       Leadership Competencies:

  • Thinks Strategically – Sets direction aligned to the company’s strategy, applying external and global perspective to meet local and global needs
  • Creates Partnerships – Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives
  • Seizes Opportunity – Seeks new opportunities and ways to create balanced business growth while improving operational capabilities
  • Grows Talent – Inclusively and pro-actively develops talent, empowers individuals and manages diverse teams to drive engagement and performance
  • Focuses on Customers – Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage
  • Drives Results – Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards



MetLife, through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.


We are one of the largest institutional investors in the U.S. with more than $587.7 billion in combined managed assets as of September 31, 2018. We are ranked #43 on the Fortune 500 list for 2018. In 2018, we were named to the Dow Jones Sustainability Index (DJSI) for the third year in a row. DJSI is a global index to track the leading sustainability-driven companies.


Our goal in everything we do is to offer customers truly differentiated value propositions that allow us to establish clear competitive advantages. We pride ourselves on being a trusted partner to our customers as they navigate life’s twists and turns. Visit us at to learn more about our brand, history, and values.


MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.


MetLife maintains a drug-free workplace.


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