Overview
This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.
Financial Controls Oversight is the department within Corporate Finance responsible for SOX / FDICIA compliance, including other certain financial reporting controls.
The Senior Manager plays a critical role in the planning of the annual reviews for their assigned portfolio and leading the project team responsible for the execution of test work. They will drive the identification of process risks and assess the adequacy of design and operation effectiveness of controls by overseeing the testing of controls.
The Senior Manager will also drive assessments of identified deficiencies, working with deficiency owners to understand and document any actual or potential impact, determine root cause, develop action plans necessary to remediate findings, and research other relevant facts. This role will also be a key member of the US-based team and will provide operational support to the global FCO team, ensuring seamless continuity between First Citizens Bank and offshore resources at First Citizens India.
Want more jobs like this?
Get Project Management jobs in Raleigh, NC delivered to your inbox every week.
The staff member will also help to drive the creation of operational guidance within Financial Control Oversight. Collaborates and builds strong relationships with the Bank's process owners, control executors, external auditors and other key stakeholders.
Responsibilities
- Project Management- Manages assigned work to ensure results meet identified timelines for the assigned portion of the annual plan. Participates in special projects and performs other duties as required.
- Risk Mitigation- Investigates and manages key interdependencies that impact Financial Reporting risk. Advises manager on the appropriate resolution of identified deficiencies and provides insights that allows for revision to the annual plan.
- Control Evaluation- Performs fieldwork to evaluate the design and operating effectiveness for assigned controls. Complete thorough documentation in accordance with departmental standards. Evaluated the adequacy of deficiency remediation activities. Reviews other team member's testing plans and test work, as appropriate.
- Business Strategy- Supports the establishment of scope for each process review. Supports business processes analysis to identify efficiencies, key objectives, and optimal level of control/risks. Utilizes external networks and other resources to keep current on and provide insight regarding assigned area of responsibility. Keeps manager informed of practices and regulations affecting SOX/FDICIA.
- Relationship Development- Builds and maintains influential relationships with multiple levels of management, external auditors, and other internal controls assurance functions.
- Associate Management- lead, manage, and develop a team of FCO professionals to achieve the goals of the FCO department. Manage the recruitment, training, and performance management processes in accordance with the corporate policies, competitive path and BTN.
- Bachelor's Degree and 6 years of experience in SOX, Internal auditing, or equivalent OR High School Diploma or GED and 10 years of experience in SOX, Internal auditing, or equivalent
- Preferred Area of Experience: Banking/Financial Services industry
- License or Certification Type: Possess designation as Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), or Certified Public Accountant (CPA) or other relevant industry certifications. Required
- Skill(s): In depth understanding of assigned bank processes at the Commercial and/or Consumer Bank., Knowledge of Generally Accepted Accounting Principles (GAAP), SEC Rules and SOX / FDICIA, Ability to anticipate future risks and trends, and evaluate alternative strategies, Ability to demonstrate courage and objectivity when communicating with executive and senior leadership when presenting complex issues, recommendations, and opinions