Senior Internal Auditor - SOX

Senior Internal Auditor - Sox

The Senior Internal Auditor - SOX is responsible for determining, by continuous review, that internal controls over financial reporting are adequate and practiced, that the financial statements are properly stated, that company policies and procedures that mitigate financial reporting risks are followed, and that the company is compliant with Sarbanes-Oxley (SOX) specific regulations.

Duties & Responsibilities

• SOX Compliance Testing: Lead and execute Sarbanes-Oxley (SOX) compliance testing, ensuring that all internal controls over financial reporting (ICFR) are designed, documented, and operating effectively.
• Risk Assessment: Conduct risk assessments to identify and prioritize key financial reporting risks, ensuring that appropriate controls are in place to mitigate them.
• Internal Control Documentation: Review and update internal control documentation, including flowcharts, narratives, and control matrices, to ensure they reflect current processes and regulatory requirements.
• Control Evaluation: Perform detailed testing of financial and operational controls, including walkthroughs and control testing, to ensure compliance with SOX 404 requirements.
• Issue Identification and Reporting: Identify control deficiencies or gaps, provide recommendations for remediation, and work closely with management to develop action plans for improvement.
• Collaboration with External Auditors: Coordinate with external auditors to facilitate their testing and ensure that SOX compliance is properly integrated into the annual financial statement audit process.
• SOX Control Monitoring: Monitor the performance of SOX controls on an ongoing basis, ensuring any changes in processes, systems, or regulations are promptly addressed.
• Training and Guidance: Provide training and guidance to staff level auditors and business units on SOX compliance requirements, control design, and testing procedures.
• Professional Development: Participate in ongoing educational opportunities to update knowledge and skills related to financial services and internal auditing standards.
• Regulatory Compliance: Stay up-to-date with changes in SOX regulations and other related compliance frameworks, and ensure the organization remains compliant with all applicable laws and regulations.
• Management Reporting: Prepare and present detailed reports to management, outlining the status of SOX compliance, control deficiencies, and progress on remediation efforts.
• Process Improvement: Collaborate with business units to identify opportunities for control improvements and process efficiencies, ensuring a balance between control effectiveness and operational efficiency.
• Ad hoc Projects: Complete special projects and/or participate in task forces or committees as requested by Audit Committee, Board of Directors and senior management.
• Time Management: Contribute to team effort by completing assigned projects within the scheduled timeframe.
• Assist SOX Director as needed.

Education & Experience

• Knowledge of: Strong oral and written communication skills
• Understanding of accounting and financial processes
• Strong organizational and project management skills
• Ability to: Multi-task and work independently
• Perform duties under frequent time pressures, prioritize workflow, meet deadlines
• Solve problems independently while applying logic and discretion
• Education and Training: Requires Bachelor's degree in business related field, Accounting degree preferred.
• Requires 5 or more years' of audit experience.
• Knowledge of bank operations preferred.
• Familiarity with Sarbanes-Oxley (SOX) requirements preferred.
• Requires knowledge of Microsoft Office.
• Certified Public Accountant or Certified Internal Auditor designation preferred.
• SOX ITGC Testing Experience Preferred.