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Senior Manager - Internal Audit (Solventum) (Finance)



Thank you for your interest in working for our Company. Recruiting the right talent is crucial to our goals. On April 1, 2024, 3M Healthcare underwent a corporate spin-off leading to the creation of a new company named Solventum. We are still in the process of updating our Careers Page and applicant documents, which currently have 3M branding. Please bear with us. In the interim, our Privacy Policy here: https://www.solventum.com/en-us/home/legal/website-privacy-statement/applicant-privacy/ continues to apply to any personal information you submit, and the 3M-branded positions listed on our Careers Page are for Solventum positions. As it was with 3M, at Solventum all qualified applicants will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Job Description:

3M Health Care is now Solventum

At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers' toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.

We partner closely with the brightest minds in healthcare to ensure that every solution we create melds the latest technology with compassion and empathy. Because at Solventum, we never stop solving for you.

The Impact You'll Make in this Role

Solventum Internal Audit is seeking a Senior Manager to help shape and drive the development of a world class Internal Audit function at a global company from scratch. This is a unique opportunity to build a critical function within the Global Finance team. The ideal candidate will have proven experience with audit procedures, testing of financial reporting transactions, SOX requirements and related internal control process methodologies. They will also have the ambition to help support talent development and coaching of Internal Audit team members while also positively influencing the culture and perception of the Internal Audit team with internal and external stakeholders.

As a Senior Manager- Internal Audit, you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world. You will also have the opportunity to learn details about the Solventum business while working with key leaders across our global footprint. The Solventum Internal Audit function has been specifically identified as a function to drive talent development and to serve as a "pipeline of finance talent" for the Global Finance team and other key functions.

Here, you will make an impact by:

  • Establishing a culture of transparency, trust and continual improvement to reach optimal individual and organizational goals and performance
  • Actively collaborating with the key business process stakeholders across all in-scope processes to assess and improve internal controls and financial transaction processing
  • Supporting the development and execution of an annual Internal Audit Plan that considers risk assessments, materiality, scoping and efforts to make processes and the internal control environment effective and efficient
  • Evaluating the design and operating effectiveness of processes/controls and develop appropriate testing attributes to be executed and ascertain the level of testing of controls required
  • Acting as the lead for various operational audits as well as the global lead for various SOX process.
  • Keeping abreast on the development of regulatory, industry and product developments through continuous monitoring and auditing
  • Providing an independent appraisal of controls over financial integrity, risk of fraud, operational effectiveness, IT controls for cybersecurity, privacy and compliance with laws and policies
  • Working directly with process and control owners on remediation activities of any identified process gaps or control deficiencies
  • Conducting and effectively documenting SOX scoping analysis, oversight and review of walkthroughs and testing as well as any necessary remediation efforts
  • Analyzing the current Risk & Controls Matrix and identifying the appropriate control structure for Solventum while also driving efforts to standardize SOX controls to the extent possible
  • Preparing key internal and external stakeholders for SOX readiness, including providing education and training

Your Skills and Expertise
To set you up for success in this role from day one, Solventum requires (at a minimum) the following qualifications:

  • Bachelor's degree in Accounting or higher AND (10) years of audit controls testing in a Big 4 integrated-audit and risk assessment environment

AND

In addition to the above requirements, the following are also required:

  • Active certification in CPA, CISA, and/or CIA
  • 10 + years of SOX compliance experience
  • 5 years of supervisory experience

Additional qualifications that could help you succeed even further in this role include:

  • MBA or other advanced degree
  • In-depth knowledge of US GAAP, COSO, PCAOB Auditing Standards, Sarbanes-Oxley, risk and controls standards, and business process best practices
  • Experience and demonstrated expertise in understanding and evaluating internal control environments and using a risk-based approach to identify process that can be improved
  • A background of performing and reporting audit activities and identifying value added remediation plans developed in collaboration with business process owners
  • Experience in supporting the execution of an end-to-end SOX program and driving/supporting risk management initiatives of an enterprise-wide SOX program
  • Detail-oriented with strong project management, analytical, critical thinking and problem-solving skills
  • Communication (verbal and written), collaboration, and presentation skills and the ability to concisely share constructive feedback
  • Experience managing project work with tight deadlines and working in a fast-paced environment
  • Demonstrated success in developing and executing against project plans
  • Comfortable in both individual contributing roles and cross-functional team management roles
  • Experience to manage and work with a remote team that is in both the US and international locations
  • Naturally curious, eager to learn and not afraid of challenges
  • Ability to quickly foster strong working relationships across all layers of the organization including the ability to interact with senior leaders across Solventum as well as members of the external audit team
  • Ability to add value and work on special projects outside internal audit when the need arises

Work location:

  • Remote - United States

Travel: May include up to 15% domestic/international
Relocation Assistance: May be authorized

Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).

Supporting Your Well-being

Solventum offers many programs to help you live your best life - both physically and financially. To ensure competitive pay and benefits, Solventum regularly benchmarks with other companies that are comparable in size and scope.

Applicable to US Applicants Only:The expected compensation range for this position is $207,348 - $253,425, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate's relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.solventum.com/en-us/home/our-company/careers/#Total-Rewards

Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.

Solventum is committed to maintaining the highest standards of integrity and professionalism in our recruitment process. Applicants must remain alert to fraudulent job postings and recruitment schemes that falsely claim to represent Solventum and seek to exploit job seekers.

Please note that all email communications from Solventum regarding job opportunities with the company will be from an email with a domain of @solventum.com. Be wary of unsolicited emails or messages regarding Solventum job opportunities from emails with other email domains.

Solventum is an equal opportunity employer. Solventum will not discriminate against any applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status.

Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.

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