Internal Control Analyst Job Description

Internal Control Analyst Job Description

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Internal control analyst provides direction and assistance regarding accounting and budgeting policies and procedures, and efficient control and utilization of financial resources.

Internal Control Analyst Duties & Responsibilities

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

Sample responsibilities for this position include:

Design and maintain excel models to assist operations project teams with measuring, monitoring and reporting key initiatives
Participate in the planning of the reviews/audits to help determine the appropriate scope for the assignment
Perform on-site operational and financial reviews/audits, which includes the testing of both SOX and non-SOX internal controls and business related processes
Assist the external auditors with certain substantive auditing procedures
Participate in preparing the written report to operating and senior management, which summarizes the work performed, findings, and recommendations
Participate on various special projects to evaluate effectiveness of business processes and make recommendations for improvement
Facilitate management’s assessment of the design and operational effectiveness of internal controls over financial reporting
Coordinate the identification and documentation of risks and key controls in all significant product lines and regions
Review and risk rank issues raised through the self-assessment process in conjunction with the appropriate subject matter experts
Monitor firm-wide control remediation initiatives

Internal Control Analyst Qualifications

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

Licensing or Certifications for Internal Control Analyst

List any licenses or certifications required by the position: CPA, CIA, CFE, CISA, CCSA, CMA, SAP, SOX, GS-0501-11, ACCA

Education for Internal Control Analyst

Typically a job would require a certain level of education.

Employers hiring for the internal control analyst 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, Management, Education, Economics, Business/Administration, Information Technology, Engineering, Criminology

Skills for Internal Control Analyst

Desired skills for internal control analyst include:

Dutch
English
Financial and Management Accounting
French
MS office
Excel
SAP
SOX processes and procedures
Supply Chain systems
Equivalent

Desired experience for internal control analyst includes:

Able to travel domestically and internationally approximately 30%
Ability to understand business process flows
Qualifications /education Professional post graduate qualification
Assist in the coordination of the external audit
Contribute to acquisition due diligence and integration project management
Coordinating with assessors and certifiers on the completion of quarterly assessments and certifications

Internal Control Analyst Examples

1

Internal Control Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of internal control analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for internal control analyst
  • Preparation of quarterly certification materials for various Divisions’ Certifications and Firmwide Review Committee
  • Partner with other firm risk and control disciplines (e.g., Internal Audit, Operational Risk, Fed Reporting, CCAR)
  • Work with key project managers throughout the firm to identify changes to risks/controls and ensure organizational changes are accurately reported as they relate to quarterly certification
  • Training new assessors and certifiers
  • Overall project management of the quarterly assessment and certification process which involves a high level of communication and coordination with individuals across the firm
  • Assist in the development of strategic ICRA tools and convergence reports
  • Support production of ICRA automated reporting and dashboards
  • Liaison with regulators during exams and determine impact of any findings to the firm’s internal controls over financial reporting
  • Coordination with a global team, including occasional travel to regional offices
  • Assist in helping to build the technology strategy of the team, including project management
Qualifications for internal control analyst
  • Position requires 4+ year's related experience, preferably in public accounting with a focus in the consumer product industry
  • Candidate typically possess 2-4 years of experience in a Sarbanes-Oxley role or a related financial services industry role including internal/external audit
  • Must possess capital markets/banking experience especially related to internal controls over financial reporting
  • Knowledge/experience in US GAAP/IFRS financial reporting is desired
  • Experience with the project management of a risk and control self-assessment process is a plus
  • Highly motivated and possess strong analytical and intellectual abilities
2

Internal Control Analyst Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of internal control analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for internal control analyst
  • Investigate and evaluate operational incidents
  • Assist in the coordination of Bank-wide compliance training programs
  • Identify internal control deficiencies
  • Perform complex analysis of data to determine trends and potential emerging risks
  • Assist in development of drafting reports and deliverables
  • Assist in the preparation of annual regulatory examinations
  • Assist with the Compliance Department’s documentation management needs
  • Plan, execute, and report on additional projects as assigned by the Compliance Officer
  • To directly improve efficiency and processes across the APAC & EM finance function
  • To collate information from numerous functions and divisions and be able to undertake detailed data analysis
Qualifications for internal control analyst
  • Demonstrates ability to establish strong working relationships with clients and management
  • Proactive, with the ability to respond creatively in a fast-paced, and continually changing environment
  • Knowledge/experience in Enterprise Risk Management/Operational Risk experience is preferred
  • Logical Access and IT General Security consultancy, support and advice for R&FIT critical applications with emphasis on the Insight Suite and SOX supporting applications including assistance with setting up end to end Logical Access Security Matrices and supporting governance processes
  • Collaborate with Data Security horizontal stream on the Data Security Program initiatives
  • Minimum 4 years’ IT Security/Logical Access experience
3

Internal Control Analyst Job Description

Job Description Example
Our growing company is hiring for an internal control analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for internal control analyst
  • To prepare summaries of key findings and memos for review by the Line Manager
  • Any other ad-hoc duties as assigned by Line Manager
  • Review, risk rank, and opine on issues raised through the self-assessment process in conjunction with the appropriate subject matter experts
  • The successful candidate will have the overall responsibility to work with the Control Management Team and Global Operations Control to ensure the control environment within the business unit is sound and the business unit is meeting client needs
  • She/he will work with Embedded Control Section Manager to complete all control and risk management responsibilities for the assigned business units in accordance with Corporate Policies, Procedures, Regulatory or Legal requirements
  • She/he supports management on Business Recovery, Management Reporting, Error Analysis, System/User Access Reviews, Reconciliation monitoring and on-going projects and other business specific control and risk activities where applicable
  • The Control Analyst will support Error / Near Miss Analysis to find the root-cause of an incident, and work out recommendations for management to improve the quality of internal controls and minimise the risk of the error repeating
  • She/he will compile reporting for Senior Management, which includes risk and business metrics
  • The Control Analyst must be able to work using a variety of platforms and systems
  • She/he will support identification and documentation of business line risks using the Corporate Risk Assessment tool, review policies and procedures and may be asked to support or coordinate information gathering for Internal and External audits
Qualifications for internal control analyst
  • Proven experience and application of risk management policies and detailed knowledge of
  • Current risk policies and regulatory change impacting the financial sector
  • A solid understanding of standard change control policies and procedures and experience working in an dynamic and fast pasted IT
  • A solid understanding of access control management, recertification and provisioning/de-provisioning principles
  • University Degree in Business Administration or Engineer in Computer Science or Telecommunication or related
  • Ability to demonstrate advanced understanding of business processes, accounting fundamentals, audit, internal control, risk management, IT controls and related standards (ICFR, COSO)
4

Internal Control Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of internal control analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for internal control analyst
  • Publish weekly, monthly, and yearly KPI reporting for FSC and field leadership
  • Develop, maintain, and monitor comprehensive operational dashboards of KPI and retail metrics for Internal Control and key business partners
  • Interpret KPI dashboards, identify potential gaps in store risk models, develop proposed changes along with cost-benefit analysis, and present to key stakeholders
  • Assists in completing Quarterly SEC Reporting requirements, the semi-annual certification process
  • Perform internal control testing Complete an independent review of the design and operating effectiveness of the internal control environment
  • Primary responsibility for testing and monitoring SOX compliance in Corporate processes and integrating internal controls / SOX compliance at newly acquired entities
  • Identify key financial reporting risks (including IT) and provide subject matter expertise on the design and implementation of internal controls
  • Perform SOX testing procedures for Corporate key controls
  • Actively communicate with Management the adequacy of the Corporation’s internal controls (including information systems and security)
  • Manage risk and control software
Qualifications for internal control analyst
  • Candidate typically possesses 5+ years of experience in a Sarbanes-Oxley role or a related financial services industry role including internal/external audit
  • Should have some experience managing others
  • Master’s Degree (MA, MS, MBA) in Business, Finance, Accounting or Economics preferred
  • Master’s Degree (MA, MS, MBA) in Business, Finance, Accounting or Economics
  • Property/Asset program reviews and analysis
  • Master’s Degree (MA, MS, MBA) in Business, Finance, Accounting or Economics highly desired
5

Internal Control Analyst Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of internal control analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for internal control analyst
  • Promote high levels of ethical awareness and conduct throughout the organization, including compliance with applicable laws and regulations
  • Perform specific internal controls and financial management support under the supervision of a manager
  • Perform review of business processes to evaluate against OMB A-123, Appendix A and B
  • Update process narratives, flow charts, key control descriptions and test plans
  • Assist with Enterprise Risk Management activities
  • Conduct a Fraud Analysis in compliance with the Fraud Reduction and Data Analytics Act
  • Track Corrective Action Plans
  • Assist in ad-hoc request
  • Own and govern the process for management’s assessment of the design and operational effectiveness of internal controls over financial reporting
  • Primary responsibility is testing and monitoring SOX compliance in global IT processes and controls and
Qualifications for internal control analyst
  • Candidate will have strong analytical and problem solving skills solid technical and PC skills
  • Incumbent should understand operational processes and be able to critically assess process design and execution of controls at the direction of senior embedded control staff
  • Owns the work, and is focused, effective and efficient and contributes new ideas and finds solutions to business challenges
  • Able to work under tight deadlines and manage multiple priorities with a high degree of accuracy
  • Thorough knowledge of OMB Circular A-123
  • Strong organization skills with the ability to work independently or in a team/project environment, handling multiple tasks and changing priorities while meeting non-negotiable deadlines

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