Financial Controls & Oversight Sr Cons

Location: Charlotte, NC, United States
Date Posted: 07-09-2018
Enterprise Finance & Information Technology offers technology and services that exceed customerexpectations and directly enable them to succeed financially. We interact with customers more than 12 billion times a year through in-store, online, ATM, and telephone transactions. We impact customers directly, through systems availability and security, as well as indirectly, through our business partners who offer and deliver a myriad of products and services that meet customers’ financial needs. We provide a competitive advantage for the company through excellence in fundamentals, integrated partnerships, and our talented and engaged team members. 

We are 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 Business COSO Testing team is a component of Enterprise Controls & Oversight Group in Corporate Controllers. 

The Business COSO team supports the Company’s on-going objective of maintaining an industry leading financial reporting control environment and is responsible for the following directives: 
  • Providing meaningful assessments of financial, risk, and regulatory reporting control environment
  • Overseeing compliance with Well Fargo & Company’s COSO based policies for internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going compliance with the COSO polices (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 control related matters including evaluating 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 a member of the Business COSO team responsible for the following team directives:
  • Performing COSO Monitoring team responsibilities including:
  • Supervising and reviewing the work of other COSO Monitoring Team Members who perform COSO Monitoring Team directives.
  • Performing walk through of significant processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls
  • Validating and challenging risk assessment conclusions, including assessing the appropriateness and completeness of key risk and key controls identified
  • Validating and providing credible challenge to identified shared services, third party service providers, and significant applications
  • Performing COSO testing of key controls, including design effectiveness assessments and operating effectiveness testing
  • Validating and challenging documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions
  • Analyzing the severity of control deficiencies, both individually and in the aggregate, and the impact to internal control over financial reporting
  • Assessing the components of internal control for the business unit
  • Monitoring open control deficiencies and validating corrective actions 
  • Building relationships and collaborating with key stakeholders in the SEC and Regulatory Reporting internal control infrastructures.
  • Assisting with projects impacting the team including implementing the Company’s COSO-based Regulatory Reporting Governance & Oversight Framework and the 2013 COSO Framework.
REQUIRED QUALIFICATIONS:
  • 6+ years of experience in one or a combination of the following: finance, accounting, analytics, reporting or business/technology audit.
  • 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
  • Big four public accounting experience
  • A Masters of Business Administration (MBA) or a Certified Public Accountant (CPA) Designation
  • Knowledge and understanding of regulatory agencies: Federal Reserve and OCC
  • Ability to present results of analyses and recommendations to senior leaders
  • Experience presenting technical concepts to senior leaders
  • Intermediate Microsoft Office skills
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Excellent verbal, written, and interpersonal communication skills
  • Ability to take on a high level of responsibility, initiative, and accountability
  • Ability to translate and summarize complex data into understandable, actionable information and recommendations
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
  • Experience with governance and oversight accountabilities
  • Experience with large financial institutions
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