SOX Compliance Program, Officer

  • Company: State Street
  • Location: Boston, Massachusetts
  • Posted: October 13, 2017
  • Reference ID: 172117
The Financial and Regulatory Assurance group is a second line of defense group in the Controller's Organization within Corporate Finance. The Financial Assurance team is responsible for the execution of the Sarbanes Oxley (SOX) Compliance program across the entire organization. Key functions of the group include determining the material accounts business areas/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.
• Assist with enterprise-wide scoping of accounts and disclosures (includes both quantitative and qualitative considerations) SOX critical applications spreadsheets and models and third party service providers (e.g. SOC 1 reports)
• Create and maintain process documentation i.e. process flowcharts risk and control matrix etc. by conducting walkthroughs
• Assess design document and test the operating effectiveness of the key SOX controls
• Maintain detailed workpapers for the walkthroughs and testing
• Develop and implement processes and control improvements to remediate exceptions identified
• Provide updates to management as needed
• Review enterprise-wide issues / findings to determine those impacting SOX and as applicable perform control deficiency assessments to conclude on severity
• Partner closely with Internal and External Audit to understand findings from testing performed
• Identify and drive transformation efforts to continue to enhance the functionality of the SOX Compliance Program
• Stay current on new technical literature applicable to the internal control process (e.g. PCAOB guidance SEC etc.)
  • \t\tBachelor's degree or equivalent in accounting or finance
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  • \t\tChartered Accountant Certified Public Accountant Certified Internal Auditor is a plus
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  • \t\t4 to 6 years SOX Compliance auditing experience; preferably financial services and/or Big 4
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  • \t\tFamiliarity with SEC requirements associated with the Financial Services Industry
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  • \t\tStrong communication skills both verbal and written and ablilty to research accounting guidance when necessary
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  • \t\tAbility to converse with management at all levels regarding internal controls infrastructure compliance & risk management and accounting
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  • \t\tAbility to work in a fast-paced dynamic environment
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  • \t\tAbility to work independently prioritize and multi-task
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  • \t\tCommitment to continuous learning and maintaining subject matter expertise on SOX and related regulations methodologies and best practices

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