Financial Controls Manager

Western Alliance Bancorporation   •  

Phoenix, AZ

Industry: Finance & Insurance

  •  

5 - 7 years

Posted 31 days ago

Overview

The Financial Control Manager ("FCM") will be responsible for planning, executing and delivering test work on financial internal controls in compliance with Sarbanes Oxley Act and FDICIA requirements (together "ICOFR"). The individual will evaluate the design and operational effectiveness of processes and internal controls for adherence to ICOFR requirements. The position will assist in identifying and assessing root causes of identified issues to strengthen and/or improve controls. This role reports to the Chief Internal Auditor and will be a leader in our department as well as interact frequently with key stakeholders across the Company from the front line business operations, to support service groups and the technology department. The FCM will partner with departments across the organization to formally document and test the ICOFR process. This position will also coordinate test work with other teams of the internal audit department and the external auditors throughout the year. The FCM is also responsible for communicating the status of the internal controls process to management including control deficiencies identified and the plan for resolution. This position is responsible for overseeing and reviewing the Senior Financial Control Analyst's and other subordinate's work.

The FCM promotes risk awareness in the enterprise through a positive and collaborative relationship with department heads, business leadership, and staff. In addition, the FCM meets regularly with department heads and business leaders to discuss reviews, assess risks, evaluate issue remediation progress, provide feedback, and gather insights on business activities

Responsibilities

  • Leads ICOFR process audits under the direction of the Chief Internal Auditor and SOX Steering Committee;
  • Documents the ICOFR process throughout the Company by managing the comprehensive risk and control matrices/audit programs for assigned process areas;
  • Coordinates test work of all key ICOFR controls with direct staff, other internal audit teams, co-source partners or external auditors;
  • Reviews direct staff detailed test work on the ICOFR process including walkthroughs and tests of operating effectiveness;
  • Maintains a current log of any observations and deficiencies noted throughout the annual ICOFR testing project, including their current remediation status;
  • Manages less experienced auditors on one or multiple assignments;
  • Reports on status of the ICOFR audit plan to the Chief Internal Auditor and the SOX Steering Committee
  • Maintains audit software (Workiva) to provide a well-documented and organized audit program and audit work papers;
  • Coaches, trains, and develops auditing staff to upgrade their knowledge. Reviews senior's work to ensure compliance with stated requirements and objectives, IIA standards and internal audit procedures;
  • Develops, presents and assists in finalizing noted ICOFR deficiencies; identifying risk based issues and mitigation strategies;
  • Follows up on the disposition of exceptions;
  • Develops a strong understanding of the business and industry, organizational structure, and regulatory environment;
  • Establishes & maintains relationships with the Company's staff and management as well as external auditors through periodic and effective communication to facilitate proactive assessment of the Company's risk profile;
  • Assesses personnel and personal development needs (i.e., training and career development) in conjunction with department management.

Qualifications

  • Exceptional organizational and time management skills;
  • Strong communication and interpersonal skills and ability to work effectively with all levels of management;
  • Must be effective at communicating issues through written reports, verbal discussions and presentations;
  • A self-motivated, results-oriented professional with experience and success working in a collaborative environment;
  • Ability to deal with complex problems involving multiple facets and variables in non-standardized situations. Ability to define problems, collect data, establish facts, and draw valid conclusions;
  • Undergraduate degree in Finance, Accounting, Business Administration or related area. A graduate degree is a plus but not required;
  • Minimum six+ (6+) years in the auditing or related field;
  • Two or more years in a managerial role; (Current BIG 4 Manager or owning the process for a company preferred)
  • Prior experience focusing on testing ICOFR processes;
  • Professional certification of Certified Internal Auditor (CIA) or Certified Public Accounting (CPA);
  • Detail-oriented and proficient in Microsoft Office applications;
  • Strong knowledge internal control analyses and risk assessment methodologies, COSO framework, Institute of Internal Auditor (IIA) standards, FRB Supervisory Letter 13-11 standards, generally accepted accounting principles, and/or Sarbanes-Oxley Section 302/402 requirements;
  • Prior experience in the banking industry and experience in the auditing related area;
  • Ability to travel regionally up to 30%.