Role DescriptionWe are seeking an experienced Vice President (VP) for SMBC's Finance Control Oversight (FCO) IT Assurance group. The VP will support the Head of IT Assurance by leading complex technology control assessments, finance transformation and system implementation reviews, and other internal control initiatives. The role will assess IT general controls (ITGC), IT application and automated controls (ITAC), data controls, key reports, system interfaces, and other technology dependencies supporting financial and regulatory reporting. The VP will support service organization control report reviews and perform work aligned with applicable PCAOB and AICPA standards, COSO 2013, and COBIT.
The position is located at 200 Hudson Street, Jersey City. This position reports to the FCO IT Assurance Head within SMBC's SPDAD-FAD Accounting - FCO group. This is a non-supervisory role; however, the VP will lead workstreams, review work performed by associates and consultants, and provide coaching and technical guidance.
Responsibilities- Lead integrated reviews of business and technology processes, applications, infrastructure, and third-party services supporting Finance.
- Lead and manage IT control assessments of financial systems, including general ledger platforms, covering IT general controls, IT application and automated controls, data controls, key reports, system interfaces, and system-generated information used in financial and regulatory reporting.
- Assess technology controls supporting ICFR, SOX, CCAR, RCSA, regulatory reporting, and other applicable internal control programs.
- Analyze processes, risks, and controls across the technology environment; identify improvement opportunities, recommend practical solutions, and drive resolution of deficiencies with management.
- Perform Tests of Design (TOD) and Tests of Operating Effectiveness (TOE) for IT-related internal controls.
- Review testing documentation, evidence, findings, conclusions, executive summaries, and final reports for quality, consistency, and sufficient support.
- Develop technology control frameworks, standards, methodologies, control inventories, process narratives, flowcharts, and workpapers that clearly support conclusions.
- Evaluate data lineage, completeness, accuracy, interfaces, and key reports used in financial and regulatory reporting.
- Perform service organization control report reviews and communicate results and required follow-up.
- Manage remediation of IT control design and operating effectiveness deficiencies, coordinate cross-functional remediation efforts, assess the aggregation of deficiencies, and support timely and sustainable resolution.
- Perform issue validation testing and review issue closure packages to confirm deficiencies have been effectively remediated.
- Build collaborative relationships across Finance, Technology, Operations, Treasury, Regulatory Reporting, Internal Audit, external audit, and control owners.
- Provide clear, constructive challenge to senior stakeholders and drive timely decisions, remediation, and escalation where needed.
- Lead complex workstreams independently, manage multiple assessments, review work performed by associates or consultants, and provide coaching and technical guidance.
- Provide internal control advisory support to management for special projects and focused reviews, and deliver internal control training.
- Interpret applicable reporting requirements, internal control regulations, and audit standards and provide practical process and control guidance across SMBC and SMBCAH subsidiaries.
Qualifications and Skills- Minimum of 7 years of experience in IT audit, IT risk, IT compliance, technology controls, or a related function
- Experience evaluating IT general controls, automated controls, key reports, system interfaces, data, and other technology dependencies supporting financial or regulatory reporting.
- Understanding of business and technology processes, control risks, supporting evidence, and the basis for supportable conclusions.
- Ability to communicate control issues clearly, provide constructive challenge, and work with stakeholders to resolve issues.
- Sound judgment and effective prioritization, with a demonstrated capacity to work independently and collaborate with the team.
- Internal Audit experience is preferred.
- Experience with ICFR, SOX, CCAR, RCSA, regulatory reporting, or comparable internal control programs is preferred.
- CPA, CIA, CISA, CRISC, or a comparable certification is preferred.
SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
