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Director, Internal Controls
Transamerica US
Cedar Rapids, IA, United States
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Job Family
Internal Controls
Job Description Summary
Responsible for the day-to-day execution of the Aegon Americas Sarbanes Oxley (SOX) controls program. Coordinates with individuals in various functions, including Finance, Operations and Technology. Responsible for the identification, assessment, oversight reporting and disclosure of all key controls and deficiencies across the company and ensures the business procedures and/or controls are in compliance with applicable regulatory and corporate standards and practices. Develops and maintains relationships with senior and executive management and process owners, as well as risk management personnel (second line of defense) and internal audit personnel (third line of defense). Serves as the lead for communication and reporting to and with Group Risk.
Responsibilities
• Oversee the evaluation and design of internal controls.
• Make recommendations for improvement and drive changes to both controls and processes.
• Oversee the documentation, timing and execution of financial/accounting/actuarial/operational process flows, with a focus on internal controls and SOX compliance.
• Lead the execution of management’s SOX risk assessment and scoping activities to ensure proper risk identification, process mapping and controls linkage for a sustainable internal control framework.
• Lead the development and implementation of goals, policies, priorities and procedures relating to internal controls over financial reporting and SOX.
• Prepare and present updates to senior and executive management.
• Partner and liaise with external auditors and external consultants to plan and implement an assessment of the control environment and the annual plan and timeline for doing so.
• Prioritize within a multi-year plan on what is most important at different stages.
• Develop processes and policies for reporting findings and lead communicator of those finding to interested parties, including FinOp and SOX/In Control Steering Committees.
• Collaborate with process owners in development of action plans to assess the adequacy of action taken by management to correct control deficiencies, and continuing reviews with appropriate management on action until satisfactory resolution.
• Collaborate with the second line the in development and implementation of a system to capture and track control deficiencies and remediation status of them.
• Engage the second line in testing the design and operating effectiveness of internal control over financial reporting.
Qualifications
• Bachelor’s degree in Accounting, Finance or relevant field, or equivalent work experience.
• 15 years of combined business experience.
• Seven years of experience in managerial and leadership roles.
• In-depth knowledge and hands on experience with internal controls, audit or risk management within the financial services industry.
• Ability to document and verbally communicate financial reporting processes in a clear and concise manner, including assessment of design and operating effectiveness controls.
Preferred Qualifications
• CPA
• Big 4 Experience; experience in the Financial Services Space
Behavioral and Leadership Competencies:
• Communication and relationship skills to educate/raise awareness of foundational elements/methodologies needed to support an internal controls framework.
• Project management skills.
Our Culture:
At Transamerica we promote a Future Fit mindset. What is a Future Fit mindset?
• Acting as One fosters an environment of positive collaboration
• Accountability allows us to own the problem as well as the solution
• Agility inspires new ideas, innovation and challenges the status quo
• Customer Centricity encourages an above and beyond approach to our customer
Working Conditions
• Office environment.
Why Work for Us
Total Rewards at Transamerica: It’s more than a paycheck.
Our comprehensive Total Rewards package is designed to help support you in many ways — throughout all stages of your life and career. We provide a competitive, market-driven program that encompasses base compensation, bonus potential, retirement, health and wellness benefits, learning and development opportunities, plus great employee perks. All designed with you in mind… to help you live your best life, grow personally and professionally - and feel valued for the work you do.
Learn more about our Total Rewards Package.
Equal Opportunity Employer:
Transamerica Life Insurance Company is an Equal Employment Opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.
AEGON USA Realty Advisors, LLC, is an Equal Employment Opportunity/ Affirmative Action Employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.
Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies.
Ontario Applicants:
Our Company is committed to providing accessibility to those with disabilities in a manner that is consistent with the principles of independence, dignity, integration and equality of opportunity, that is in compliance with the Accessibility for Ontarians with Disabilities Act 2005 ("AODA").