Assistant Manager, Sox Controls

To assist in the management of a branch of the Internal Risk and Controls (IRC) group and ensure its operation is consistent with the IRC effort to maintain and evolve a comprehensive and Sarbanes Oxley Act (SOX) compatible control environment. Assist in the leadership of a team of audit specialists, control experts (as defined by SOX Section 407), and technology subject matter experts to research and establish best practices that align with Sections 302 and 404 of SOX. Manage team members during preparation for integrated audits as well as managing those teams during the creation of audit responses. Work strategically with leaders across the credit union to deploy preventative, detective, and corrective controls that mitigate the risk of financial misstatement by virtue of control-centric processes and technology. Assist in leading initiatives related to Internal Control over Financial Reporting (ICFR) with the objective of producing evidence of operational and design effectiveness. To analyze Corporate Accounting business needs to develop and implement internal control solutions that leverage systems and processes with a broad degree of latitude.
Responsibilities

• Present control conclusions and recommendations / alternatives to management, coordinating integration of solutions with existing processes and applications
• Develop, recommend and document adjustments to workflows to enhance control processes Broad Latitude
• Ensure adequate/skilled staffing; select employees
• Assist in the development of IRC branch-specific vision for the transition toward control-based audits and ensure continued support for substantive audits when necessary Oversee/Direct
• Assist in managing the review of emerging control guidance and technologies and recommend solutions
• Establish performance goals and priorities
• Leadership Level – Manage daily activities, assist in executive briefings and assist in development of program plan
• Manage ICFR-related processes necessary to collaborate with leaders from various departments across the organization to evaluate compliance with Navy Federal Instruction 2039 with regard to the evaluation of SSAE 18 SOC I Type II User Control Considerations (UCCs) and the associated planning for internal and external auditor responses
• Identify business control requirements (e.g. needs, objectives, functions, features, input and output)
• Supervise efforts that assess the operational performance of existing controls and devise remediation strategies that align control performance with the appropriate risk mitigation methodology Considerable Latitude
• Assist in leading feasibility initiatives designed to determine the applicability of technology to existing control practices (e.g., cognitive technologies for meta-controls, Robotics Process Automation (RPA), etc.) Manages Staff &/or Supervisors
• Assist in managing the review of relevant guidance (e.g., ASC 606 Revenue Recognition, ASC 310-40 Impairment Calculations, ASC 360 Capitalized Labor, etc.) for the purpose of distilling the associated SOX controls that will serve as the foundation of future control-related current state and future state analyses/optimizations
• Contribute to various steering committees and panels that set direction for the purpose of evangelizing a SOX compatible mindset that seeks to increase the consideration of controls as a forethought and reduce those instances when controls are considered as an afterthought Broad Scope
• Build and maintain partnerships with external and internal auditors to negotiate audit objectives and audit scope based upon previously developed risk-based strategies for audit execution Lead
• Assist in leading multi-disciplinary control initiatives at the right level of detail and scope to assess the effectiveness of business and technological controls and ultimately transform any control gaps into mature control environments Most Complex/Unusual
• Ensure section/branch goals and objectives align with division/department strategy
• Analyze controls information, requirements, data, processes, control specific practices, control standards and metrics/statistics Complex Analysis
• Lead efforts to operationalize General Ledger technologies (e.g., Accounting Rules Engines [ARE], Data Integration [DI], and Data Storage Hubs[ DSH], etc.) and their associated impact on accounting personnel using stakeholder and pain point analyses. Evaluate operational controls efficiency and effectiveness. Most Complex/Unusual
• Participate in the review of existing control policies, process narratives, and process models to develop optimization strategies and the associated current state, future state, and gap analysis planning artifacts Advanced Analysis
• Perform supervisory/managerial responsibilities
• Assist in managing activities related to the COSO Framework’s Entity, Risk, Activity, Information/Communication, and Monitoring levels of control and aligns related controls with executive-level strategies (e.g., Credit Policy and Analytics, Financial Risk Management, etc.) Broad Latitude
• Manage efforts to establish executive-level views of control related activities and performance via the use of executive dashboards and other interfaces intended to summarize real-time control information for executive consumption and ongoing monitoring purposes Considerable Impact
• Manage activities that advance IRC and business use of Governance Risk and Compliance (GRC) software that establishes workflow around control team activity, audit deliverable creation/acquisition, and executive management approval processes Most Complex/Unusual
• Lead project teams to properly identify, resolve and document highly technical and complex preventative, detective, or corrective control problems/solutions associated with audit findings and/or remediation of control deficiencies, mitigating future exposure Lead
• Provide input and/or prepare budget requirements for Annual Financial Plan (AFP)
• Lead, develop, guide, mentor and counsel staff
• Collaborate with key partners in development and delivery of tested, approved control solutions
• Perform other related duties as assigned
• Participate in ongoing inter-departmental Controls Committee meetings to facilitate comprehensive and enterprise-wide leadership participation in the preparation for financial statement and Information Technology General Computer (ITGC) audits Most Complex/Unusual
• Ensure efficiency of operations
• Prepare, conduct and review performance appraisals
• Collaborate with leadership on various governance initiatives (e.g., controls governance, data governance, change management governance etc.) as they relate to management’s valuation, presentation and disclosure, rights and obligations, existence, and completeness assertions Lead/Direct

Qualifications and Education Requirements

• Significant experience redesigning processes and partnering with business unit personnel to complete the transformation
• Significant experience directing large project efforts from a controls and information systems perspective
• Significant experience in the analysis of financial transactions, related processes and key controls around data supporting general ledger entries
• Advanced skill presenting to stakeholders & management
• Effective skill recruiting, retaining, coaching and motivating employees to achieve production results
• Extensive experience in problem resolution including determining root cause, scope and scale of issues related to control-specific technologies and GL modules
• Advanced skill to influence, negotiate, and persuade to reach agreeable exchange and positive outcomes
• Advanced knowledge of SOX Section 404 or GAAP principles, financial statement preparation, and internal accounting controls
• Experience working with all levels of staff, management, stakeholders, vendors
• Bachelor’s degree in Accounting, Finance, or related field, or the equivalent combination of experience, education and training
• Significant experience leading implementation initiatives
• Ability to effectively interpret and remediate findings from internal and/or auditors and regulators

Desired Qualifications and Education Requirements

• Master’s Degree in Finance, Accounting or Business Administration or a related field, or the equivalent combination of training, education and experience
• Experience in public or private accounting applying complex accounting treatments
• Experience in leading, guiding and coaching professional staff
• Project Management Professional (PMP) certification
• Experience applying enterprise, business, and/or information architecture principles
• Certified Internal Auditor (CIA) designation
• Certified Public Accountant (CPA) designation
• Information Technology Infrastructure Library (ITIL) certification
• Thorough knowledge of Navy Federal policies, products, and services, and familiarity with internal operations, systems, and functions

Hours: Monday - Friday, 8:00AM - 4:30PM
Location: 820 Follin Lane, Vienna, VA 22180
Navy Federal is now hybrid! Our standard enterprise requirement for a hybrid schedule is to report on-site 4-16 days each month. The number of days reporting on-site will ultimately be determined by the employee's leadership and business unit needs. You will learn more throughout the hiring and on boarding process.
Salary Range: $104,500 - $146,300 annually
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.
Posting End Date: 06/22/23
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.