Job Information
Navy Federal Credit Union Principal Internal Control over Financial Reporting Analyst - ITGC in Pensacola, Florida
Overview
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 to internal and external auditors. Lead complex/unusual tasks of considerable impact that require advances analysis.
This role will be on the ICFR team within the Finance organization and will support ICFR initiatives, specifically related to IT controls as it relates to financial reporting risks (i.e. user access, change management, and application-level controls related to year-end financial statement audits).
Responsibilities
Lead multi-disciplinary control initiatives to evaluate controls, specifically IT general controls and application 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
Gather and review existing policies, process narratives, and process models to develop insight into the current state of business and IT processes
Partner with external and internal auditors to 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 summarizes a broad range of business and IT processes into a control-centric and executive-ready audit deliverable
Creates and recommends 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., 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 project that 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 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
Lead, guide and mentor junior staff
Ensure preventative, detective, and corrective controls are properly identified and aligned with business and IT priorities such that new controls have an insignificant negative impact on the successful realization of business and IT objectives
Solve control-related business and IT problems by defining the problem, interviewing stakeholders, identifying and evaluating alternatives, and presenting findings
Identify business and IT areas that may benefit from SOX 404 or industry best practices as applicable
Perform other related duties as assigned
Qualifications
Advanced knowledge of SOX including GAAP principles, financial statement preparation, and internal accounting controls
Significant experience with General Ledger (GL) technology including but not limited to data integration, accounting rules engines, and financial data hubs/warehouses/marts
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
Significant experience assessing the design and operational effectiveness of complementary user entity control considerations in 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
Extensive experience in problem resolution including determining root cause, scope and scale of issues
Significant experience 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
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 knowledge of IT infrastructure, including operating systems (OS), database management systems (DBMS), databases (Oracle/DB2/SQL Server), and queries (SQL)
Advanced skill presenting to stakeholders & management
Expert skill interpreting and synthesizing large amounts of information
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
Bachelor’s degree in accounting, Information Systems, Information Technology, or related field, or the equivalent combination of experience, education and training
Desired Qualifications
- Certified Information Systems Auditor (CISA), Certified Public Accountant (CPA), or Certified Internal Auditor (CIA) designation
Hours: Monday - Friday, 8:30AM - 5:00PM
Locations: 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive, Pensacola, FL 32526
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful: Make our mission your passion.
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From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.
Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.
Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
Disclaimers: 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. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. 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
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
REQNUMBER: 24612