Staff Auditor - Business SOX

Innovate in Bengaluru

This position is based at our on-site office in Bengaluru. Lowes offers an ultramodern work environment, complete with cutting-edge technology, collaborative workspaces, an on-site gym and clinic, and other perks to enhance your work experience.

About Lowe s

Lowe s is a FORTUNE 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe s operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe s supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com

Lowe s India, the Global Capability Center of Lowe s Companies Inc., is a hub for driving our technology, business, analytics, and shared services strategy. Based in Bengaluru with over 4,500 associates, it powers innovations across omnichannel retail, AI/ML, enterprise architecture, supply chain, and customer experience. From supporting and launching homegrown solutions to fostering innovation through its Catalyze platform, Lowe s India plays a pivotal role in transforming home improvement retail while upholding strong commitment to social impact and sustainability. For more information, visit Lowes India

About the Team

Internal Audit is an independent assurance/advisory function that reports functionally to the audit committee of the Board and administratively to the Finance function (CFO). IA is responsible for planning, executing, and reporting operational, compliance, financial, and technology audits.

Job Summary:

This role will assist the Lead Auditors in the administration of Internal Audit s SOX Business Process Controls and Business Access Controls ITAC (Information Technology Application Controls) Oversight program and in conducting SOX Modernization readiness assessments and conducting Operational Audits for Finance Accounts processes.

The primary purpose of this role is to work closely with the Lead Auditors and project teams by assisting in planning, developing, and executing audit testing. Additionally, the Staff Auditor prepares inputs for written communications and deliverables for audit engagements, using data analytics skills, process analysis, and critical thinking. Overall, this role will assist in audits that evaluate the effectiveness of internal controls established to manage Lowes most significant risks.

The SOX Business Process Control Oversight responsibilities include assisting the Lead/Senior auditors with a combination of SOX planning activities, performing independent SOX testing, reviewing management s testing, and driving SOX-related administrative activities such as reporting of internal controls over financial reporting, as well as continuous improvement of the program. The role will be the liaison for SOX-related activities with Management and the external auditors. Engagement with Management includes consulting on controls/narratives, training on best practices, and oversight of Management testing, as well as routine quarterly SOX procedures.

Roles Responsibilities:

- Assists with Internal Audit s oversight role in the Companys SOX 404 assessment, including SOX program planning activities, performing independent SOX testing, reviewing management s testing, and driving SOX-related administrative activities such as reporting of internal controls over financial reporting.

- Identifies and documents aspects of the organizations systems and processes that do not comply with regulations, laws, and standards or do not comply with the organizations policies and operating procedures

- Assists in identifying key risks, developing process mapping, and conducting testing for in-scope controls.

- Collects preliminary data and conducts analysis and assists Lead and Senior Auditor in detecting deficient controls, inefficiencies, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies

- Performs data analysis to deliver valuable insights to management, when applicable

- Assists Lead/Senior Auditor in the detailed report and summarization of audit findings

- Provides support for coordinating with the client and management to ensure project timelines are met

- Organizes resources, information, and significant findings from root cause, risk exposure, and management analysis. Responsible for work paper standards.

- Participates in rotational committee work such as internal quality reviews, issue follow-up, and training coordination to gain extensive knowledge and experience in key audit functional areas

Project Management:

• Assists the Senior Auditor in coordinating with the client and management to ensure project milestone timelines are met
• Applies basic knowledge of Operations, Finance, and Analysis to ensure efficiency throughout the audit engagement. Utilizes internal resources to assist when audit topics require intermediate to advanced knowledge
• Continuously develops knowledge of audit tools and techniques to ensure quality audit work
• Completes assigned audit plan within the established deadlines following Lowe s Audit Methodology

Project Communication:

• Assists Senior Auditor in ensuring significant findings, root causes, risk exposures, and management action plans are concise and documented on time
• Communicates audit exceptions and other items of concern on time to the audit team and clients
• Develops client relationships professionally through consistent dialogue and open communications throughout the audit process
• Proactively collaborates and promotes knowledge share within the Internal Audit team

Business Influence:

• Meets or exceeds customers expectations, looks for ways to improve their experience while creating a seamless experience by understanding how the Staff Auditor role, team goals, and daily activities fit into the company vision
• Drives for results by consistently achieving goals and pushing to complete tasks by their deadlines

Collaboration with others:

• Works cross-functionally to manage and organize work processes and ensure the most efficient workflow
• Supports a collaborative environment by working in a team of peers to solve problems and shares information with peers, manager, and customers as appropriate

Self-Development:

Efficiently organizes resources and information to handle competing demands and accomplish what needs to be done

Years of Experience:

2 to 4 years post-qualification experience

Required Minimum Qualifications:

Bachelor s degree in Accounting/Finance

Business SOX, Audit (internal) experience or relevant business experience

Retail business experience, Public Accounting experience

CPA/CA, CIA, CISA, or related field (optional)

Skill Set Required

Primary Skills (must have)

• SOX testing experience
• Auditing experience
• Report writing and written communication

Secondary Skills (desired)

• Project management
• Negotiation

Lowes is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.