Internal Controls Analyst Job Description

Internal Controls Analyst Job Description

185 votes for Internal Controls Analyst
Internal controls analyst provides evidence of strong underlying internal controls in accordance with federal regulations and generally accepted accounting principles.

Internal Controls Analyst Duties & Responsibilities

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

Sample responsibilities for this position include:

Developing a consistent control framework based on COSO principles in which regulatory reporting business processes must operate (e.g., consistency across Basel, CCAR, Y-9C, liquidity and other regulatory reports)
OAssist with the analysis and review of assigned processes, risks and controls
Assess adequacy of business processes in order to validate compliance with Company's Principles & Practices, plans and processes
Update Process Narrative and RCM to reflect processes currently in place and consistently used
Validates processes for the centre including completing mandated verification for all Trade products (Import/Export/Guarantee/Standby & Documentary Collections) and Incoming and Outgoing Wires and Foreign Currency Deposits Accounts
Collaborate with local and global functions to design and implement controls targeted to address the specific needs and risks at the country and/or global level
Lead the development and execution of necessary remediation (e.g., training, streamlining, additional processes, additional documentation) by effectively working cross-functionally with local management and business operations and Controllership Internal Controls Remediation
Manage PRs/POs, VETS system, VIK Tool, and other business processes
Evaluate and improve the effectiveness of risk management, control and governance processes
Review data for a variety of processes to identify trends, anomalies and transactions which require additional review

Internal Controls Analyst Qualifications

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

Licensing or Certifications for Internal Controls Analyst

List any licenses or certifications required by the position: CPA, CIA, CISA, CFE, SOX, CMA, CISSP, PMP, SAP, CICA

Education for Internal Controls Analyst

Typically a job would require a certain level of education.

Employers hiring for the internal controls 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, Education, Business/Administration, Management, MBA, Economics, English, Communication

Skills for Internal Controls Analyst

Desired skills for internal controls analyst include:

Generally accepted accounting principles
Accounting policies
COSO 2013 and COBIT frameworks
Financial/operational internal controls and internal controls principles
Practices and systems
Accounting and auditing guidance and principles

Desired experience for internal controls analyst includes:

Review existing documentation, including MS Word-based Process Narrative, and Excel-based Risk and Control Matrix (RCM)
Review prior-year testing to determine if some controls should be combined or eliminated
Discuss key controls with control owners, to identify any changes in existing controls or new activities which may require controls
Prepare Adobe Acrobat-based Documentation Certification packages for Department VP signature, containing current-year process narratives and RCMs, prior-year or current-year control evidence
Send and track Excel-based document request lists for the assigned key controls in the Financial process areas
Test the evidence provided for compliance with the control

Internal Controls Analyst Examples


Internal Controls Analyst Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of internal controls analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for internal controls analyst
  • Advise management with recommendations based on independent evaluation of the controls and processes to resolve identified control and efficiency weaknesses
  • Serve as the Internal Controls Specialist for assigned Sarbanes-Oxley (SOX) business processes
  • Employ professional judgment in evaluating evidence, and conclude on adequacy
  • Document testing results and embed testing evidence in Excel-based spreadsheets
  • Assist business stakeholders in developing remediation plans and track and monitor progress against agreed upon timelines
  • Support the evaluation of un-remediated year-end Model Audit Rule (MAR) deficiencies through impact analyses and other documentation
  • Displays a strong dedication to maintaining and improving the quality of service standards committed to by Trade Operations and International Business Centres ( IBC )
  • Perform various data analysis procedures using Computer Aided Audit Techniques (CAAT) to identify unusual activities or anomalies
  • Develop standardized scripts and create test scripts to identify any compliance issues, unusual trends and activities in the areas of T&E, Procure to Pay, Revenue
  • Develop scripts using tools such as in MS Access, ACL and SQL Server to enable the performance of ”Real Time reviews” to ensure compliance with policies, fraud
Qualifications for internal controls analyst
  • Expert level of knowledge of Global Compliance and Terrorist financing prevention
  • Knowledge of Trade products and process (Import/Export/Documentary Collections & Standby/Guarantees)
  • High level of proficiency on E-TL (Exchange Trade Line & TI (Trade Innovation) (Trade back end system and Trade Innovation)
  • Knowledge of ICC600, URR525, Incoterms, Trade Product Folios
  • CAMS Designation will be an added advantage
  • Be proficient in extracting data from various packaged and ingrown applications and systems (including Oracle, Hyperion, Cognos, OBIEE and other systems)

Internal Controls Analyst Job Description

Job Description Example
Our innovative and growing company is hiring for an internal controls 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 controls analyst
  • Completes ongoing risk monitoring and assessment, and plays a key role in the development of the controls environment and testing strategies
  • Ongoing controls and testing strategies optimization between Information Technology and Business Process
  • In collaboration with the local Controllers, share the testing results with country managers, external auditors and senior leadership to provide a current state of the local and/or global control environment
  • Actively work with other stakeholders, at both the local country and global function level, to address issues identified and implement initial short-term and ultimately long-term permanent solutions
  • Act as a driver of continuous improvement and innovation of the controls environment
  • Provide guidance and support to internal stakeholders as they look to address control deficiencies or make significant process changes
  • VIK/Anti-Bribery/Payments to Clients/Sponsorship Asset/Code of Business Conducts/Key Controls/T&E/Sourcing/Record Retention/Physical Security/BCM
  • Take initiative to conduct employee awareness sessions
  • Ensure all employees to complete required online training
  • Be a consultant for all policy related issues
Qualifications for internal controls analyst
  • Experience navigating and manipulating spreadsheets in Microsoft Excel
  • Proficient with Microsoft Outlook and Word
  • Excellent business and communication skills with the ability to focus on the big picture, understand key priorities, communicate clearly and concisely, and bring business acumen to leading the ICE function
  • Strong controls and auditing background
  • Experience in Internal Audit or other compliance related function
  • Strong “customer service” mindset to support business operations, with excellent interpersonal and communication skills, including oral, written, and presentation skills

Internal Controls Analyst Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of internal controls analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for internal controls analyst
  • Documents, tests, and consults on financial controls, company policies, and compliance with Generally Accepted Accounting Principles at the region or plant level
  • Be involved in a multitude of special projects, business processes and organizational changes
  • Monitor and record contracts and expenses to ensure all compliant
  • Hold Japan Control Committee meetings to share and update the office compliance status
  • Help organization accomplish its objectives
  • Document internal controls
  • Support new acquisitions and risk management
  • Provide Sarbanes Oxley and Internal Controls updates
  • Identify key risk issues and develop controls to improve standards
  • Provide feedback to upper management on operational risk assessments
Qualifications for internal controls analyst
  • Experience documenting and testing key controls under SOX 404 or Model Audit Rule (MAR)
  • Experience with internal controls compliance and an appreciation of their impacts to financial statement accuracy and regulatory
  • Welcomes challenging and “open-ended” projects, with demonstrated ability to root-cause issues and propose resolutions
  • Strong collaboration and sense of team success
  • 4-6 years of relevant work experience within risk, governance, compliance, internal audit or external audit
  • You must have significant experience working with control frameworks, including testing/evaluating the design and operating effectiveness of business process controls

Internal Controls Analyst Job Description

Job Description Example
Our company is growing rapidly and is looking for an internal controls analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for internal controls analyst
  • Support the India & South Asia Controls Committee that meets regularly to align on supporting the Business effectively, and review complex &/or high risk transactions
  • Execute standardized data analysis scripts to identify compliance issues, unusual trends and activities across T&E, procure-to-pay, high risk vendors programs, and client contract management
  • Perform preventative and detective controls over prepayment and high risk payments for the market
  • Work with local Controllers and Operational Support teams to investigate and analyze potential anomalies, and to assess compliance with policies and procedures
  • Actively work with local and regional stakeholders, to address issues identified, and to implement immediate and longer-term solutions
  • 25% scheduled travel – domestic and international (mainly international)
  • Create flowcharts
  • Maintain and administer the Company’s SOX assessment tool
  • Audits and tests controls to ensure that they are performed as required and is in accordance with test scripts/control objectives and within budgeted time allowed
  • Operating effectiveness of key controls at interim, year-end and remediation
Qualifications for internal controls analyst
  • CISA, CIA, or CPA certification strongly preferred
  • Experience with financial IT systems scoping, solid understanding of the ITGC domains, related deficiencies and impact on financial reporting
  • Experience of testing of ITGCs, system configurable controls, IT reports, system-generated reports, as part of the financial audit of an SEC registrant
  • 2+ years of experience evaluating internal controls in either and audit role within a CPA firm, consulting firm or a corporate internal audit/SOX role
  • MS Office applications, Access and Front Page
  • Knowledge of book-keeping

Internal Controls Analyst Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of internal controls 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 controls analyst
  • OPartner with Internal Audit-IT, Information Technology, business owners and
  • Ensure that existing Policies & Procedures are current and up-to date
  • Provide appropriate level of cooperation to internal (Corporate Audit) and external auditors in the execution of their reviews
  • Deliver training programs to ensure that the Company understands, implements and complies with the requirements of both controls best practices and regulatory requirements
  • Prepare and submit monthly, quarterly and annual reports as required by and requested by management
  • Lead the annual budgeting and monthly forecasting process
  • Manage SOX and internal control reviews
  • Participate in the month-end closing process including journal entries, financial statement review and corporate reporting requirements preparation
  • Perform variance analysis on overhead expense
  • Ensure timely and accurate account reconciliations and financial reporting
Qualifications for internal controls analyst
  • Fluent in Japanese and English in both Written and spoken
  • 5 or more years of experience as per job description, or otherwise in audit as part of financial statements audit of an SEC registrant, at least 3 years of Big-4 (or similar) experience preferred
  • CPA or CIA certification strongly preferred
  • Experience of testing of business process controls as part of the financial audit of an SEC registrant
  • Minimum of four years of relevant experience in internal controls or internal audit
  • CPA (preferred), CFE, CISA, CIA or working towards a relevant certification is a plus

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