Manager – Financial Controls   Barrick is the gold industry leader, with a portfolio of 26 operating mines and advanced exploration and development projects located across five continents. Barrick’s vision is to be the world’s best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner. The company is headquartered in Toronto, Canada. Barrick shares are listed on the Toronto and New York stock exchanges.   Currently Barrick has an opening for a Manager-Financial Controls to be based in Toronto.    Role Purpose:   The “Manager, Financial Controls” will lead in certain areas and provide support for maintaining, deploying and evaluating a financial reporting and disclosure control framework that when applied and tested, will provide the CEO and CFO with the basis for a management conclusion on the design and operating effectiveness of policies, standards and procedures related to internal control over financial reporting (ICFR) and disclosure controls and procedures (DC&P).  This will include a focus on creativity, decisiveness, and execution in regards to meeting team objectives.   The “Manager, Financial Controls” will be an experienced audit professional with a background in internal control design, assessment and testing. The role will have critical interfaces with other members of the Financial Controls group at Corporate and in the Regions, as well as with the Assurance and Advisory group in order to ensure effective execution of all components of the Financial Controls work plan.   The Manager will have experience in the assessment of the design and operating effectiveness of internal controls; as well as understanding of US GAAP or IFRS accounting principles and practices for a large, global public company. The role will combine a strong mix of practical and project management experience with excellent written and verbal communication skills.   Duties and Responsibilities:   The Manager, Financial Controls has the following key responsibilities for Finance:  

1. Work with other members of the global Financial Controls group to develop, manage and lead in certain areas of the detailed work plan and budget for Management’s assessment of internal controls including setting the global approach, and timeframe to provide assurance for SOX certification purposes and reliance by external audit.  This annual assurance process is designed to include the following phases:

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  • Setting and documenting the scope of required work, including planning materiality, applying the results of risk assessment to the identification of significant accounts, disclosures and relevant assertions, and the identification and evaluation of the design of relevant entity and business process level controls
  • Developing the testing strategy, including setting the minimum standard for the nature, extent and timing of testing required to support the internal control over financial reporting and disclosure framework
  • Assessing control operating effectiveness, evaluation of test documentation and analyzing test results for significance and implications
  • Monitoring status of progress and implementing solutions to address risks to the work plan throughout
  • Identifying risks to compliance throughout
  • Reporting progress and findings to Senior Management, the Audit Committee and external auditors throughout

1. Support design and execution of the Global Financial Risk Assessment and assist management, as required, with its plans to monitor high priority risks
2. Support the implementation of an effective and efficient global financial reporting and disclosure policy framework, including the development of finance business processes and standards and supporting the management self-assessment process.
3. Work with Corporate Office and Regional process owners to build awareness of compliance requirements with Management’s policies, standards and procedures by:

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  • Reviewing process documentation for quality and assisting process owners with process and documentation maintenance remediation
  • Monitoring and proactively taking steps to address information gathered through the internal control certifications process
  • Consulting with Management and following-up on the implementation of action plans designed to address process weaknesses
  • Promoting Barrick’s strategic objectives by serving as a recognized resource and actively participating in business process redesign to embed change and system based controls

1. Develop an understanding of general business/economic and industry developments and the impact of such factors on Barrick’s internal and external control environments
2. Lead in the development and execution of global end-to-end Finance policy, standard, and procedures training materials (i.e. alignment of standard, procedure and embedded controls with accounting policy)
3. Work with members of the global Financial Controls group as well as members of the Assurance and Advisory function to promote continuous improvement and reduce internal and external SOX assurance requirements by:

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   • Leveraging professional, industry and Company experience to coach and share knowledge to the fullest within the global Financial Controls group
   • Sharing information gathered through interaction with Corporate Office and Regional process owners to allow for informed decision making
   • Promoting new ideas within the global Financial Controls group

1. Respond to global Financial Controls group member feedback with timely and decisive action and soliciting new ideas within the global Financial Controls group.

  Knowledge, Skills & Experience:   This role has the following requirements in terms of specialized knowledge and skills and Barrick’s Strategic Leadership Competencies: o    CA/CPA/CISA designations preferred, equivalent experience will be considered o    Five to seven years post-degree experience required assessing internal controls, including automated and IT dependent controls, for clients of a large professional services firm in an external audit or business advisory practice; or internal audit experience at a large, global public company o    Strong understanding of the COSO and COBIT controls framework o    Proven management skills – people and resources o    Experience with mining and/or natural resource companies preferred o    Work requires willingness to work a flexible schedule o    Work requires willingness to travel