Controls & Compliance Job Description

Controls & Compliance Job Description

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Controls & compliance provides support as SME for IT SOX regulatory compliance and COBIT/COSO framework for audits, testing/monitoring, and compliance.

Controls & Compliance Duties & Responsibilities

To write an effective controls & compliance job description, begin by listing detailed duties, responsibilities and expectations. We have included controls & compliance job description templates that you can modify and use.

Sample responsibilities for this position include:

Enhance and modify SOX guidance including Key Control Structure, Testing Programs and Plans, and other SOX guidance
Provides education to financial advisors and internal associates regarding firm policies and procedures factors to mitigate potential risks
Facilitate use of technology-based tools or methodologies to review, design and/or execute financial or operational audit procedures
Support and execute Sarbanes-Oxley (SOX) audits as assigned
Assist with the implementation, administration, and maintenance of the Bw SOX compliance software
Work with Controls Compliance and Bw technical support to provide Bw end-users technical support related to reporting, content changes, software configuration, security and other technical-related support for the SOX compliance software
Provide data to support other areas of Internal Audit such as Financial & IT audits, SOX audits, and due diligence projects
Maintain and modify the Bw SOX compliance software including changes to organization settings, security management
Document all processes for the creation and maintenance of Bw reporting process, data warehouse extraction, and all maintenance procedures
Review and provide commentary on SOX documentation provided by end users

Controls & Compliance Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Controls & Compliance

List any licenses or certifications required by the position: CISA, CPA, CISSP, CISM, SOX, CIA, CRISC, CGEIT, CCRISC, ISO27001

Education for Controls & Compliance

Typically a job would require a certain level of education.

Employers hiring for the controls & compliance job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Business/Administration, Economics, Education, Finance/Accounting, Auditing, Computer Science, MBA

Skills for Controls & Compliance

Desired skills for controls & compliance include:

SAP and MS Office
SAP
Microsoft Excel
Procedures
SOX
SOX and business processes
Audit techniques and test approaches
COSO
COBIT
Financial systems

Desired experience for controls & compliance includes:

Managing regulatory and audit remediation activities
Identifying control gaps andimproving controls
Providing guidance and on-the-ground training on controls, controls substantiation, root cause analysis
Partnering with colleagues, stakeholders and control community members to evaluate, test and report on the adequacy and effectiveness of management controls with appropriate recommendations for improvement
Responsible for ensuring testing practices and documentation are consistent with established practices
OInternal controls testing and consulting including documentation review, walkthroughs of automated and manual processes, and interview of senior management personnel

Controls & Compliance Examples

1

Controls & Compliance Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of controls & compliance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for controls & compliance
  • Ensure compliance with SOX and NFCM including the CLC, SoD, SAR, FRS/IAS and Novartis Accounting Manual (NAM) through in-depth review of control self-assessments, re-performing walk-throughs as necessary to confirm the self-assessment accuracy, reviewing and validating or developing robust NFCM, IA and FCCR remediation plans/timelines, ensuring internal controls are fully operational and effective, risks are fully mitigated, and remediation results sustainable
  • Manage the development of key reporting and metrics related to critical CCB Compliance and Business related activities
  • Providing support in the areas of Controls, Compliance, Metrics, and Business Continuity Planning across financial/transactional cycles Operational requirements
  • Examines moderate to high-risk control and supervision processes of internal business
  • May serve as a “team lead” for Compliance Consultants including potentially assisting in the talent selection process
  • General audit support including document retrieval and review research
  • Compile, analyze, review and research Finance Operations data for issues resolution to support business process improvements assignments
  • Reporting to management on identified issues, and assisting the businesses in devising remediation plans and validating remediation actions
  • Ensuring that all issues raised in MCT’s reviews and branch office visits are tracked and escalated promptly and appropriately with relevant documentation being provided on a timely basis
  • Working with non-hub Compliance teams to ensure the implementation of effective Compliance monitoring that meets both BaFin and local regulatory requirements, including training and workshop on MCT methodology and reviews planning as required
Qualifications for controls & compliance
  • ORegulatory compliance in a financial services or consulting firm with knowledge of SEC and other regulatory requirements relating to investment adviser, investment company and alternative products
  • Ability to work as part of a team and independently in a fast paced, dynamic business environment
  • Minimum of 3 years of experience in a large corporation
  • 7+ years of Accounting / Finance experience in Public Accounting and/or a large Publicly Traded company
  • Proven experience of creating procedural documentation or mapping business processes
  • A strong understanding of process flows and how documentation runs through systems
2

Controls & Compliance Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of controls & compliance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for controls & compliance
  • Able to identify strategic areas for efficiency or improvement within existing procedures
  • Utilize Oracle financial systems, ad hoc querying tools, and other financial software to provide management with required reporting and analysis requests
  • Ensure comprehensive risk identification and mitigation across GBS lines of business (LOBs) and/or client operations
  • Evaluate adequacy of the control environment, including effectiveness of controls across GBS LOBs and/or client operations
  • Validate implementation of corrective action by management and the sustainability of controls
  • Contribute to the development of a balanced risk and coverage based annual plan to address internal control priorities, opportunities and key initiatives
  • Routinely engages with GBS LOB leaders and Clients execute initiatives and gain support of internal control programs, findings and commitment to corrective action to improve the control environment
  • Oversee internal controls related to financial applications, including change management and segregation of duties
  • Assist in software configurations based on new compliance requirements, content
  • Ensure communication to end-users regarding new functionality or requirements
Qualifications for controls & compliance
  • Minimum 8 years experience in a relevant role in the Global Banking or Markets Industry
  • Demonstrated understanding of the APAC Regulatory Environment
  • Solid business management and project management skills and multi-tasking experience within a Global Banking and Markets organization including effective stakeholder management skills
  • Proficient in Microsoft Project or other Project Planning tool, and Powerpoint
  • Acute attention to detail and deadline oriented
  • Strong interpersonal skills and ability to build rapport with colleagues and business partners
3

Controls & Compliance Job Description

Job Description Example
Our growing company is looking for a controls & compliance. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for controls & compliance
  • Conduct cross LOB consistency reviews
  • Perform RCSA Calibration exercises and detailed process walkthroughs, identifying control points
  • Conduct Inherent Risk reviews and manage calibrations and issue/action plan linkages
  • Represent the CCB Compliance team at Global Compliance RCSA governance meetings and manage all BAU requests
  • Ensure Corporate RCSA standards are complied with
  • Provide credible challenge to LOB Chief Compliance Officers and their teams pertaining to RCSA planning and execution as necessary
  • Drive improvement and execution of Consumer & Community Banking ( CCB) Compliance Governance & Oversight, management reporting and leading edge practices that are sustainable, repeatable and drive consistency
  • Review risks identified during the FinRA and ensure remediation plans for controllable risks adequately address the identified risks and are specific and measurable
  • Prepare domestic intercompany eliminations for tax reporting purposes
  • Prepare foreign sourced income and dividend schedules for international tax planning purposes
Qualifications for controls & compliance
  • Bachelor's Degree in business administration discipline such as accounting, audit, finance, or management information systems
  • Great attention to confidentiality
  • Certification in Prince2, PMP or Six Sigma is preferred
  • Proficient in developing process narratives, flowcharts and root cause analyses
  • Understanding of Sarbanes-Oxley and PCAOB audit documentation requirements
  • Strong project management skills and ability to meet established deadlines
4

Controls & Compliance Job Description

Job Description Example
Our company is looking for a controls & compliance. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for controls & compliance
  • Understanding business context and activity profile (e.g., securities traded, order types, software systems, testing infrastructure)
  • Evaluating control design and effectiveness through code reviews and other mechanisms
  • Evaluating design of regression tests, devising scenarios to evaluate a range of conditions, including extreme market movements and boundary cases
  • Sharing leading practices with Business, Technology and Compliance teams
  • The Compliance and Internal Controls team is part of the Alumni and Donor Services Group within Alumni Affairs and Development
  • The Associate Director manages a team of three including one exempt and two non-exempt staff members and is responsible for hiring, developing, and motivating their staff
  • Working with the Senior Associate Director, develops and implements enhanced services to partners around the University, and across Alumni Affairs & Development
  • Primary point of contact for University development staff and donors in navigating the various University processes involved with making gifts and establishing funds
  • Responsible for the performance of complex interim and year-end gift and reconciliation data reporting to development and financial offices, as necessary
  • In conjunction with terms management team, assesses fund requests from schools and units and makes recommendations, as appropriate to ensure compliance with donors’ intentions, accounting and legal requirements
Qualifications for controls & compliance
  • Preparing regulatory and statutory financial statements, debt covenant compliance reports, ABAS securitization reporting, information requests and finance committee presentations
  • Managing operational analysis of monthly results to produce value added commentary to the leadership reporting package
  • Managing the convergence to and maintenance of financial statements to US GAAP standards
  • Experience working within a matrixed organization required
  • Supervisory experience and/or demonstration of strong leadership skills
  • Strong customer orientation and a professional approach with the ability to interact with all levels within the organization including our external business partners
5

Controls & Compliance Job Description

Job Description Example
Our company is hiring for a controls & compliance. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for controls & compliance
  • Assist with special projects, SAP rollouts and implementations, acquisitions
  • Imports, reconciles, validates or models financial data with the purpose of understanding or making conclusions from the data for high level decision making purposes
  • Ability to present data in charts, graphs, tables or other digestible formats for fundraising and university leadership
  • Prepare account reconciliation consolidations and performs analysis on results with various other departments and schools within the University
  • Responsible for ensuring general ledger balances reconciliations are performed and reviewed on a timely basis and are appropriate and accurate
  • Oversee research of technical issues and review of accounting variances when necessary
  • Manages preparation of key components of the financial statements as needed
  • Manage elements of the annual financial statement audit and works directly with the University’s external auditors
  • Conduct post audit reviews, and researches and resolves issues
  • Supervise analysis of quarterly financial results and acts as the analyst/primary Central Administration contact for assigned set of schools/units
Qualifications for controls & compliance
  • Managing the day to day operations of a financial analysis department
  • Thorough understanding of the core ITIL processes, audit methodologies and compliance
  • Minimum 7 years experience in Compliance, Risk or Audit related activities, preferably within the financial services industry
  • Proficiency with FORCE is a plus
  • Knowledge of consumer regulations, including Fair Lending, Reg
  • Professional certification within the fields of compliance (CRCM) or audit

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