Senior Lead SOX Controls Analyst (Risk) Job at Navy Federal Credit Union
YOUR LIFE'S MISSION: POSSIBLE
You have goals, dreams, hobbies and things you’re passionate about.
What’s Important to You Is Important to Us
We’re looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen.
Don’t take our word for it.
- Military Times 2021 Best for Vets Employers
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- Forbes® 2021 The Best Employers for New Grads
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- 2021 People Companies that Care
- Fortune Best Workplaces for Women
- Fortune 100 Best Companies to Work For®
- Fortune Best Workplaces for Millennials
- Computerworld® Best Places to Work in IT
Basic Purpose
To provide internal control guidance, evaluate control effectiveness, and recommend improvements to control- related practices. Research and establish new practices to ensure credit union control alignment with Section 404 of the Sarbanes Oxley Act (SOX). Work closely with key business partners to understand processes, financial statement risks, and key financial controls to reduce the risk of financial misstatement. Collaborate with business units to mitigate risk by virtue of new control-centric processes and automation. Responsible for gathering data, creating reports, documenting and assessing Internal Control over Financial Reporting (ICFR), and producing evidence of control operational and design effectiveness to facilitate the delivery of auditable evidence for internal and external auditors.
Responsibilities:
Qualifications:
Desired Qualifications:
Hours: Monday - Friday; 8:00AM - 4:30PM
Location: Headquarters - 820 Follin Ln. Vienna, Virginia 22180
Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position.
The hourly salary range for this position is: $101,500 - $142,000
**Navy Federal is now hybrid! Our standard enterprise requirement for a hybrid schedule is to report onsite 4-16 days each month. The number of days reporting onsite will ultimately be determined by the employee's leadership and business unit needs. You will learn more throughout the hiring and onboarding process**
Responsibilities:
- Lead multi-disciplinary control initiatives to evaluate controls and ultimately transform any control gaps into mature control environments
- Evaluate the operational performance of existing controls and devise remediation strategies that align control performance with the appropriate risk mitigation methodology Considerable
- Gather and review existing policies, process narratives, and process models to develop insight into the current state of business processes
- Partner with external and internal auditors establish audit scope, evidence, priorities, and testing procedures that will serve as the foundation for the subsequent audit execution strategy
- Design, develop, and implement Key Control Matrices (KCMs) that summarize a broad range of business processes into a control-centric and executive-ready audit deliverable
- Create and recommend remediation plans for existing ICFR related Information Technology General Computer (ITGC) controls to address control gaps in design effectiveness
- Validate and update SOX documentation (e.g., Business Process Modeling Notation [BPMN] modes, process narratives, and KCMs) as needed to ensure accuracy and completeness
- Identify industry best practices associated with risk management and develop subordinate qualitative and quantitative methodologies needed to address those risks using effective controls
- Produce detailed timelines and milestones for control-related projects the enables external tracking and performance appraisal
- Review results from control and substantive testing to facilitate the remediation of control gaps and escalate possible critical issues to senior management
- Develop and maintain strategic plans that enable IRC to evaluate new risk and/or control-based technologies likely to have a significant future impact on team activity
- Lead project teams that resolve highly technical and complex preventative, detective, or corrective control problems
- Serve as resource for the resolution of complex and/or unique problems
- Lead, guide and mentor junior staff
- Ensure preventative, detective, and corrective controls are properly identified and aligned with business priorities such that new controls have an insignificant negative impact on the successful realization of business objectives
- Solve control-related business problems by defining the problem, interviewing stakeholders, identifying and evaluating alternatives, and presenting findings
Qualifications:
- Bachelor’s degree in Accounting, or related field, or the equivalent combination of experience, education and training
- Advanced knowledge of SOX including GAAP principles, financial statement preparation, and internal accounting controls
- Advanced knowledge of databases (Oracle/DB2/SQL Server) and queries (SQL), data analysis skills, report mining experience (Monarch/IDEA), and process modeling (BPMN) experience
- Significant experience re-designing processes to be consistent with SOX 404 guidance and partnering with business unit personnel to complete the transformation
- Significant experience with extracting and documenting information technology application control/process information relevant to ICFR (e.g., access controls lists, change controls, segregation of duties, etc.)
- Significant experience assessing the design an operational effectiveness of user control considerations: such as SSAE 16/18 SOC 1 Type II reports (experience creating attestations for service organization is preferred) and SSAE 16/18 SOC 2 Type II reports
- Advanced skill presenting to stakeholders & management
- Extensive experience in problem resolution including determining root cause, scope and scale of issues
- Significant in leading large projects/initiatives which have business risk and impact
- Extensive experience in managing multiple priorities independently and/or in a team environment to achieve goals
- Expert skill interpreting and synthesizing large amounts of information
- Experience in leading, guiding and coaching professional staff
- Extensive experience that demonstrates the ability to research, compile, and document data, business processes, and workflow
- Advanced skill in project management to include establishing and leading project teams; managing timelines/deadlines/resources; ensuring successful project implementation
- Advanced skill analyzing and organizing problems or work processes for technical solutions
- Advanced skill presenting findings, conclusions, alternatives and information clearly and concisely
- Advanced skill interacting with staff, management, vendors and members diplomatically and tactfully
Desired Qualifications:
- Significant experience with General Ledger (GL) technology including but not limited to data integration, accounting rules engines, and financial data hubs/warehouses/marts
- Certified Public Accountant (CPA) designation
- Certified Internal Auditor (CIA) designation
Hours: Monday - Friday; 8:00AM - 4:30PM
Location: Headquarters - 820 Follin Ln. Vienna, Virginia 22180
Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position.
The hourly salary range for this position is: $101,500 - $142,000
**Navy Federal is now hybrid! Our standard enterprise requirement for a hybrid schedule is to report onsite 4-16 days each month. The number of days reporting onsite will ultimately be determined by the employee's leadership and business unit needs. You will learn more throughout the hiring and onboarding process**
Equal Employment Opportunity
Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability
COVID-19 Safety Protocols
All employees are expected to follow our COVID-19 safety protocols.
Disclaimer
Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position.
Bank Secrecy Act
Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
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