Job Description
Officer 1 (Auditor) - SOX Compliance Program (FCO)
The Financial Control Oversight (FCO) department is responsible for the execution of Sarbanes Oxley (SOX) program across the entire organization of State Street. Key functions of this group include determining the material accounts, business area locations, and risks required to be addressed as part of the SOX program, working with business and accounting personnel to identify controls throughout the organization that mitigate financial reporting risks, testing identified controls and supporting the remediation of control deficiencies identified.
The FCO department within the Controllers Organization is looking for a finance professional who has prior exposure to SOX Compliance testing, accounting and external audit. The individual should have the ability to interpret SOX requirements, test and evaluate controls. The ability to manage stakeholder expectations and work closely with a wide cross section of teams within the Finance organization.
Key Responsibilities
- Assist with enterprise-wide scoping of accounts and disclosures (includes both quantitative and qualitative considerations), spreadsheets and models, and third-party service providers (e.g., SOC 1 reports)
- Create process documentation including, but not limited to, process flowcharts, risk and control matrix
- Assess, design, document and test the operating effectiveness of the key SOX controls in a timely manner while maintaining quality
- Maintain detailed workpapers for the walkthroughs and testing
- Ability to converse with management at all levels regarding internal controls, infrastructure, compliance, risk assessment and accounting
- Review enterprise-wide issues findings to determine SOX applicability and perform control deficiency assessments to conclude on severity, update reporting system and close remediation testing on time
- Timely update and review of testing progress in reporting system
- Partner with external auditors and internal business associates to communicate findings from testing performed
- Assist with ad hoc projects
Qualifications and Experience:
- Chartered Accountant (CA)/Certified Public Accountant (CPA)/MBA Finance with 7 to 10 years of progressive experience in major financial institutions working in SOX Compliance auditing experience preferably financial services and Big 4
- Certified Internal Auditor (CIA) / Certified Information Systems Auditor (CISA) / Chartered Financial Analyst (CFA) certification or candidate is a plus
- Strong accounting background with theoretical and practical knowledge of US GAAP, SOX 404 and SEC financial reporting standards
- 5+ years of continuous experience in a Big 4 firm testing controls at large public clients will be a value add
- Degree in accounting, Finance or related field
- Strong time management and organizational skills
- Ability to work independently, take ownership, prioritize and multitask, effective communication skill
- Ability to work in a fast paced, detailed, and deadline-oriented environment and be a quick learner and with mind set of long-term career goal
- Commitment to continuous learning and maintaining subject matter expertise in SOX compliance and related regulations, methodologies, and best practices
- Flexible to adopt situation-based decisions for process and people as appropriate, should be goal oriented strategic thinker, with ability to identify creative solutions
- Strong interpersonal, oral and written communication skills; ability to effectively challenge and influence
- Should have healthy experience working in Excel, PDF and Vision
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