Financial Controls Leader COSO Testing


Minneapolis, MN

Less than 5 years

Posted 217 days ago

This job is no longer available.

Seeking a highly motivated individual to join a team of COSO testing professionals and will have enterprise-wide exposure to key stakeholders within the external financial/risk/regulatory reporting infrastructure. The Enterprise COSO Testing team is a component of the Enterprise Controls & Oversight (ECO) Group in the Corporate Controllers group.

The IT COSO team within ECO supports the Company* s on-going objective of maintaining an industry-leading information technology control environment and is responsible for the following directives:

* Providing meaningful assessments of IT control environments impacted by financial, risk, and regulatory reporting

* Assessing compliance with Company* s COSO based policies for IT controls impacted by internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going IT control compliance with COSO policies (proactive anticipation of internal control related matters)

* Monitoring new and emerging internal control related guidance and issues and assist with facilitating group-wide training to interested and impacted stakeholders

* Providing consultation and subject matter expertise for process and IT control related matters including evaluating severity of control deficiencies and related remediation efforts

* Providing process and control support and thought leadership for projects

* Interfacing with external auditors, regulators and others on control related matters and,

* Acting as a change agent for continual improvement of the control environment.

This individual will be responsible for the following team directives:

* Performing the following for IT Application Control (ITAC) and IT General Control (ITGC) testing: Partnering with IT/LOB Process Owners/Control Owners to document significant in-scope processes according to corporate COSO policy (both process narratives and process flow diagrams). Additionally, assessing the appropriateness and completeness of key risk and key controls identified

Performing walkthroughs of significant processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls

Partnering with IT/LOB Process Owners/Control Owners in the creation of process risk assessments (RAM) as well as validating and challenging risk assessment conclusions

Validating and providing credible challenge to identified shared services, third party service providers, and significant applications

Performing COSO testing of key ITACs and ITGCs, including design effectiveness assessments and operating effectiveness testing

Validating and challenging documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions

Analyzing the severity of control deficiencies and their impact to internal control over financial reporting

Validating corrective actions and issues

* Building relationships and collaborating with key stakeholders in the applicable line of business (IT) functions related to assigned process areas

* Provide professional assessment and judgement on results of control testing to testing leadership

* Consult with testing leadership on professional position related to test results

* Assisting with projects impacting the team.

Required Qualifications:

* 4+ years of experience in one or a combination of the following: finance, accounting, analytics, reporting or business/technology audit or a BS/BA degree or higher in Finance, Accounting, Statistics, Economics, or Business and 2+ years of experience in one or a combination of the following: finance, accounting, analytics, reporting or business/technology audit

Desired Qualifications

* Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills

* Intermediate Microsoft Visio skills

Other Desired Qualifications

*  3 years*  experience in IT audit and/or IT SOX advisory/consulting service or Public Accounting

*  Experience with large financial institutions

*  Strong knowledge of the COSO and COBIT 5 Frameworks.

*  Prefer one or more of the following certifications: CISA, CISM, CISSP

*  Practical experience performing and documenting IT audit/IT COSO ITGC/ITAC testing

*  Strong critical thinking skills with ability to credibly challenge status quo

*  Strong relationship management skills ability to negotiate difficult positions without harming relationships

$100K - $120K