Financial Controls Testing Leader
Financial Controls Testing Leader
A company is seeking a highly motivated individual to join a team of COSO testing professionals and will have enterprise-wide exposure to key stakeholders within the external financial/risk/regulatory reporting infrastructure.
The team within supports the Company’s on-going objective of maintaining an industry-leading information technology control environment and is responsible for the following directives:
•Providing meaningful assessments of IT control environments impacted by financial, risk, and regulatory reporting
•Assessing compliance with COSO based policies for IT controls impacted by internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going IT control compliance with COSO policies (proactive anticipation of internal control related matters)
•Monitoring new and emerging internal control related guidance and issues and assist with facilitating group-wide training to interested and impacted stakeholders
•Providing consultation and subject matter expertise for process and IT control related matters including evaluating the severity of control deficiencies and related remediation efforts
•Providing process and control support and thought leadership for projects
•Interfacing with external auditors, regulators, and others on control related matters and,
•Acting as a change agent for continual improvement of the control environment.
•This individual will be responsible for the following team directives:
•Leading the IT Application Controls (ITACs) COSO test work:
•Partnering with IT and Business Process Owners/Control Owners to document significant in-scope processes according to corporate COSO policy (both process narratives and process flow diagrams). Additionally, assessing the appropriateness and completeness of key risk and key application controls identified
•Performing walkthroughs of significant processes and ensure required COSO documentation is accurate and reflects relevant business risk and key application controls
•Partnering with IT and business Process Owners/Control Owners in the creation of process risk assessments (RAM) as well as validating and challenging risk assessment conclusions
•Validating and providing a credible challenge to identified shared services, third party service providers, and significant applications
•Performing COSO testing of key application controls, including design effectiveness assessments and operating effectiveness testing
•Validating and challenging documentation of application control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions
•Analyzing the severity of application control deficiencies, and their impact on internal control over financial reporting
•Validating corrective actions
•Building relationships and collaborating with key stakeholders in the applicable line of business and IT functions related to assigned process areas
•Assisting with projects impacting the team.
Required Qualifications:
•6+ years of experience in one or a combination of the following: finance, accounting, analytics, reporting or business/technology audit or a BS/BA degree or higher in Finance, Accounting, Statistics, Economics, or Business and 4+ years of experience in one or a combination of the following: finance, accounting, analytics, reporting or business/technology audit
Desired Qualifications:
•An active Certified Public Accountant (CPA) designation
•Knowledge and understanding of regulatory agencies: Federal Reserve and OCC
•Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
•Excellent verbal, written, and interpersonal communication skills
•Ability to take on a high level of responsibility, initiative, and accountability
•Ability to present to senior level executives
Other Desired Qualifications:
•2+ years at Big Four/super regional public accounting firm with experience in IT audit and/or IT SOX advisory/consulting service
•Prefer one or more of the following certifications: CISA, CISM, CISSP
•Practical experience performing IT audit/IT COSO application control testing
•Strong critical thinking skills with the ability to credibly challenge status quo experience with continuous improvement of application control testing processes and results
•Strong relationship management skills ability to negotiate difficult positions without harming relationships
***They are multiple openings for this opportunity. Openings are also available in multiple locations, such as Phoenix, AZ / Charlotte, NC/ Des Moines, IA, and Minneapolis, MN