Director of Risks and Internal Controls

The Company:

Faraday Future (FF) is a California-based mobility company, leveraging the latest technologies and world’s best talent to realize exciting new possibilities in mobility. We’re producing user-centric, technology-first vehicles to establish new paradigms in human-vehicle interaction. We’re not just seeking to change how our cars work – we’re seeking to change the way we drive. At FF, we’re creating something new, something connected, and something with a true global impact.

Your Role:

FF is looking for a Director of Risks and Internal Controls who will be responsible for communicating and implementing our risk policies and processes. The Director of Risk and Internal Controls will facilitate the identification, evaluation, management, and mitigation of issues representing accounting, financial or operational risks. You will work with both our internal and external audit to plan and execute the annual assessment of our internal controls over financial reporting. Having strong knowledge of accounting and internal controls will assist us in identifying and mitigating risks, ensuring accurate documentation of control descriptions, and outlining the company’s accounting policies. The first point of focus will be implementation of Internal controls allowing compliance to Sarbanes-Oxley (SOX) section 404 requirements.

Responsibilities:

  • Evaluate and monitor the ongoing design and operating effectiveness of controls over financial reporting throughout the organization 
  • Oversee and drive SOX section 404 implementation effort, which includes management of internal and external audit teams 
  • Identify and effectively communicate process improvements to drive the business or enhance audit approach, and share best practices 
  • Communicate with all levels of management and have the ability to adjust the level of detail commensurate with the audience 
  • Communicate to executives’ opportunities for process improvements 
  • Assess control deficiencies as they are identified and advise control owners to establish and execute on a remediation plan 
  • Identify opportunities to redesign and improve the operating effectiveness of controls through simplification and automation 
  • Clearly communicate issues, including preparing comprehensive written reports, and pursue effective and timely resolution to issues 
  • Conduct regular training for process owners regarding SOX compliance, how to update documentation, conduct walkthroughs, etc. 
  • Drive delivery of internal audit's work on time, within budget, and in accordance with audit methodology and agreed quality standards 
  • Work collaboratively with the Company's external auditors to execute a 'reliance based' testing strategy for Internal Control over Financial Reporting 
  • Provide an independent opinion on the governance, risk, and control environment of the Company 
  • Periodically report to the Audit Committee and external auditors regarding status of internal controls, SOX 404 assessments and any identified deficiencies 
  • Develop and maintain the Company's entity-level risk assessment 
  • Design and streamline internal processes, leveraging technology where possible, to allow the business process owners to execute in the most efficient and effective manner possible 
  • Liaise with internal and external audit teams regarding the timing and extent of global testing
  • Work with process and business owners to proactively identify and correct weaknesses in internal control
  • Control and assign access to the Company’s accounting systems.
  • Oversee and update systems access and Delegation of Authority
  • Maintain and update the Company’s library of standard reports
  • Liaison with IT on creation of new reports and automation

Basic Qualifications:

  • 10-15 years of progressive, relevant experience, with a mix of public accounting and public company industry experience 
  • Strong knowledge of the COSO Framework and Sarbanes-Oxley Section 404 requirements 
  • Exceptional decision-making and problem-solving skills, especially in situations where there is ambiguity or uncertainty 
  • Results oriented – Meet deadlines and budgets, multi-task, and deliver quality results 
  • Ability to identify and assess financial and operational risks resulting in the development of an effective audit program 
  • Big 4 accounting firm background
  • Bachelor’s degree in Accounting or Business Administration

Preferred Qualifications:

  • SEC reporting experience highly desired
  • Automotive/Automotive OEM manufacturing experience preferred
  • CPA preferred
  • Experience with general ledger accounting systems such as Oracle or SAP preferred

 Perks + Benefits

  • Stock options for every employee
  • Healthcare + dental + vision benefits (Free for you/discounted for family)
  • 401(k) options
  • Relocation assistance + reimbursement
  • Casual dress code + relaxed work environment
  • Culturally diverse, progressive atmosphere
  • “Soul of Faraday” community outreach team

Faraday Future is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.