The Lead Financial Risk & Controls Analyst assists their supervisor in the review of processes and procedures impacting financial reporting in order to evaluate best practices, efficiency opportunities, and compliance with the requirements of the Sarbanes-Oxley Act (SOX). The primary responsibility of the Lead is the execution of walkthroughs and testing key controls and may guide analyst and other leads to complete related work. The Lead will ensure that process owners are updating documentation (i.e., flowcharts and risk control matrix, as part of quarterly 302 certifications) and will provide consulting support to the business. The Lead will be responsible for updating status of control testing, discussing delays, and assisting with project status reporting. Additionally, the Lead will assist with adhoc and special projects.
In this role, the Lead has the opportunity to deliver on completion of testing to support SOX 404 and 302 opinions while identifying risks that could impede the scalability of operations. This person will play an important role in working with Bank operations to deliver solutions for challenges faced by the growth of the organization. Primary Responsibilities:
Assumes responsibility as Lead tester for assigned key controls in the respective SOX process areas and provides advisory and consulting services to management under the direction of their supervisor, including:
Review narratives, flowcharts, and risk control matrix to validate their accurately describe the processes and related controls.
Coordinate, participate, and document walkthroughs to capture the initiation of a transaction to the general ledger reporting/filings. Interview the business owners to obtain the necessary information to complete the walkthrough. Verify the risks are being mitigated, the control is designed appropriately, and the control is operating as designed to mitigate the related risk. Identify gaps where controls may be needed and verify issues exist before documenting observations. Communication issues to supervisor upon identification.
Coordinate and complete control testing for the initial, rollforward, and remediation phases. Testing includes, obtaining populations and validating the completeness and accuracy, making samples selections based on SOX sampling methodology, and performing appropriate testing steps to confirm the control is operating as designed and related data is complete and accurate. In connection with testing, you may guide an analyst or Lead.
At the direction of your supervisor, create new test steps and make updates to existing steps to confirm effective and efficient testing procedures. Work with the business closely to complete testing based on scheduled due dates. Identify and verify controls issues exist before documenting observations. Communication issues to supervisor upon identification.
Assist with SOX status and result reporting weekly, monthly, and quarterly.
Assist with adhoc and special projects to ensure internal controls over financial reporting compliance as necessary.
SOX Specific Responsibilities:
Update and maintain all SOX related artifacts including narratives, flowcharts, and risk control matrix with the requests of the business
Coordinate with the business to set up walkthroughs and obtain testing support as needed
Clearly document walkthrough and testing procedures performed, issues identified, and report issues to supervisor
Guide analyst and leads to complete testing needs
Assist your supervisor with communicating deficiencies, reviewing responses for validity, and tracking remediation efforts
Track status to the plan and report delays to supervisor and assist with management reporting
Provide recommended changes to controls if underlying processes have changed or new items / risks added to the business in an advisory function
Assist with internal and external audit requests and respond to follow up questions timely
At the direction of your supervisor, assist with special projects to ensure internal controls over financial reporting compliance is obtained
Validate documentation to verify they are in line with standards
Develops alternatives and solutions for a board range of problems and exercises judgement based on analysis of multiple inputs.
Provide recommended changes to controls if underlying processes have changes or new items/risk added to the business and supervisor
Make decisions that influence the SOX testing program that could impact the business
Receives general direction and independently coordinates and leads walkthroughs and testing procedures
Leads smaller or less complex projects and serves as a resource to other team members
Understands Sarbanes-Oxley, COSO 2013, U.S. GAAP, and IIA standards and various auditing requirements
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Bachelor's Degree in accounting or finance
3+ years of experience in internal controls over financial reporting (SOX), broad understanding of internal control concepts (COSO 2013), financial reporting (U.S. GAAP), auditing standards (GAAS), and IIA Standards and various auditing techniques
Experience performing walk throughs and testing
Critical thinking and collaboration skills
Project management and organization skills, with the capability to work on the testing of multiple controls simultaneously with minimal direction in a dynamic and fluid environment
Pro-active, high energy and strong interpersonal skills with a team-focused attitude, demonstrating the ability to collaborate and compromise while building constructive and effective relationships
Demonstrated critical thinking and analytical abilities, including problem solving and time management skills
Strong verbal and written communication skills
Working knowledge of Microsoft products required
Financial services industry experienced preferred
Experience at Big 4 Accounting firm preferred
Strong leadership skills
CPA or CIA preferred
Internal Number: 6035727
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