Overview
To assist in providing internal control guidance, evaluate control effectiveness, and recommend improvements to control-related practices commensurate of a mature Internal Controls over Financial Reporting (ICFR) program. Work closely with the Lead ICFR Analyst and key business partners to understand high risk processes, financial statement risks, and key controls to reduce the risk of financial misstatement. Responsible for gathering data, creating reports, documenting, and assessing Internal Controls over Financial Reporting (ICFR), and executing control assessments (design and operating effectiveness).
Responsibilities
Support all aspects of the Internal Controls over Financial Reporting (ICFR) governance program
Support multi-disciplinary control initiatives to evaluate controls and ultimately transform any control gaps into mature control environments
Assess third parties for ICFR/financial statement impact
Review relevant SOC 1 (SSAE18) reports to assess control environments for third-parties, work with business partners to identify, assess and document user controls
Support the evaluation of 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 / flowcharts to develop insight into the current state of business processes
Support the activities related to partnership 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 summarize a broad range of business processes into a control-centric and executive-ready audit deliverable
Support the assessment of existing ICFR related Information Technology General Controls (ITGCs) to address control gaps in design effectiveness
Validate and update controls documentation (e.g., process narratives, process models /flowcharts, and Key Control Matrices (KCMs)) as needed to ensure accuracy and completeness
Research industry best practices associated with risk management and ICFR
Review results from control assessments and communicate/escalate critical issues to Management
Track and monitor controls and documentation using the GRC Tool
Support development of Key Performance Indicators (KPIs) and Reporting
Solve complex control-related business problems by defining the problem, interviewing stakeholders, identifying, and evaluating alternatives, and presenting findings
Perform other duties as assigned
Qualifications
Bachelor's degree in Accounting, or related field, or the equivalent combination of experience, education and training
Significant experience with Internal Controls over Financial Reporting (ICFR)
Significant Experience knowledge of SOX including GAAP principles, financial statement preparation, and and internal accounting controls
Strong experience re-designing processes and identifying control gaps to be consistent with a mature ICFR program
Strong experience with extracting and documenting business process controls and information technology application and general controls (e.g., access controls list, change controls, segregation of duties, etc.)
Strong experience assessing the design and operating effectiveness of key controls in business processes and user control considerations noted in SSAE18/SOC 1 Type 2 reports
Experience with interacting and communicating with multiple stakeholders & management
Strong experience in problem resolution including determining root cause, scope, and scale of issues
Experience in managing multiple priorities independently and/or in a team environment to achieve goals
Strong experience that demonstrates the ability to research, compile, and document data, business processes, and workflow
Strong experience presenting findings, conclusions, alternatives, and information clearly and concisely
Advanced skill interacting with staff, management, vendors, and members diplomatically and tactfully
Desired Qualifications
Advanced knowledge of Navy Federal's functions, philosophy, operations and organizational objectives
Certified Public Accountant (CPA) designation
Certified Internal Auditor (CIA) designation
Hours: Monday - Friday, 8:00AM - 4:30PM
Location: 820 Follin Lane, Vienna, VA 22180
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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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: 24461
