Controls & Compliance Supervisor - CFS Americas Hub

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 115,000 colleagues serve people in more than 160 countries.

At Abbott, you can do work that matters, grow, and learn, care for yourself and your family, be your true self, and live a full life. You’ll also have access to:

• Career development with an international company where you can grow the career you dream of.

• Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.

• An excellent retirement savings plan with a high employer contribution
  · Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.

• A company recognized as a great place to work in dozens of countries worldwide and named one of the most admired companies in the world by Fortune.

• A company that is recognized as one of the best big companies to work for as well as the best place to work for diversity, working mothers, female executives, and scientists.

We have an immediate opportunity for a Controls & Compliance Supervisor - CFS Americas Hub in our Lake County, Abbott Park, IL location. Abbott Park is the global corporate headquarters of Abbott Laboratories and the base in which the US Finance Shared Services center maintains operations. From this location, Finance Shared Services provides processing and expertise to Abbott divisions and affiliate companies across the Americas.

The core services are in Record to Report, Order to Cash, Source to Pay and Master Data Management. The Financial Shared Services hub is part of Corporate Finance and has regional counterparts in EMEA and in Singapore.

• Act as Divisional Sarbanes Manager Responsible for Control Environment Maintenance, Adherence and Deficiency Remediation

• Lead Management SOX Testing and Control Reviews

• Act as Compliance Liaison for Internal / External Audit Teams and SOX reporting

• Act as Regional Division Security Coordinator

• Execute SOX PMO Initiatives and Ensure Adherence to Requirements

• Support CFS/SSO Portfolio Initiatives

• Enhance and maintain SOX documentation in conjunction with process owners and shared service operations managers (e.g., flowcharts, risk assessments, etc.)

• Support management’s evaluations of internal controls over financial reporting and control changes via the Archer tool

• Lead the identification and optimization of internal controls through compliance driven process improvements (e.g., shift toward preventive automated controls and those RDA/RPA capable)

• Provide assurance that both Abbott and third-party service provider control owners understand the control environment and are equipped to identify risks and issues that could lead to potential control failures or oversights

• Lead impact and root cause assessments and execute specialized remediation plans for deficiencies identified by internal, external or management audit teams.

• Lead the management and execution of SOX testing for the US CFS Americas Hub, Corporate Organizations, and Corporate Treasury.

• Directly supervise a Genpact third-party resource to ensure the control environment is operating effectively and testing is appropriately documented

• Drive enhancements to audit templates, testing procedures and risk focus to confirm transactions have been recorded and processed in accordance with generally accepted accounting principles (GAAP) and the approved global standard or locally differentiated processes

• Provide planning, logistics and operational support to internal and external auditors, and drive further efforts for reliance.

• Act as compliance management and audit…