SOX Compliance Analyst III

Description:

Who we are:

Farm Credit Bank of Texas is a $42.2 billion wholesale bank that has been financing agriculture and rural America for over 100 years. Headquartered in Austin, Texas, we provide funding and services to rural lending associations in five states, and we are active in the nation’s capital markets.

While you may not be familiar with our name, Farm Credit Bank of Texas plays a critical role in supporting the businesses that make it possible for America to maintain access to an affordable and safe food supply, an industry which is one of the most innovative and evolving of our time. And while you help us deliver on our mission, we deliver on our commitment to you as a valued employee by providing competitive compensation, generous health and wellness benefits packages and an attractive workplace located along the bluffs of the Colorado River just minutes west of downtown Austin.

We seek out top talent in their fields, whether it be technology, finance, accounting, credit, human resources, or other administrative functions, and welcome you to join us in our mission to feed the world.

Position Description:

The SOX Compliance Analyst is a member of the Bank’s SOX Compliance department which serves as the second line of defense for the Bank’s internal control over financial reporting program. The impact of the SOX Compliance department is dependent on trust at all levels of Bank personnel built through strong relationships, high quality and detailed work, and excellent communication.

Day-to Day-Duties and Responsibilities:

- Collaborate with SOX Compliance department members and business process owners to develop and maintain a good understanding of the Bank’s business processes and IT systems.

- Assist with the Bank’s risk assessment by identifying and documenting significant accounts, related business processes and supporting IT systems.

- Drive timely updates to the department’s documentation of process flow charts, process narratives, risk/control matrices, and key reports inventory.

- Actively lead and/or participate in process walkthroughs with business process owners by asking detailed, probing questions and support documentation of the results of the walkthroughs and assessment of the design of controls.

- Test the operating effectiveness of entity level controls and manual, automated, IT dependent business process controls mitigating identified risks of misstatement, and related key reports and queries. Document work performed in high-quality, detailed workpapers using an online compliance management system. Interact with control owners to request necessary evidence for testing. Review testing performed by other team members.

- Assess the impact of service organizations’ internal controls on the Bank’s internal controls by reviewing SOC 1 reports received.

- Collaborate with control owners to assess testing exceptions, including those noted in SOC 1 reports, help identify root cause, and test remediation as applicable.

- Participate in special projects as assigned.

Skill Requirements:

Must possess knowledge of the Sarbanes-Oxley Act (SOX), PCAOB, SOC 1, ethics and compliance best practices. Must have the ability to articulate the need for appropriate controls. Must possess strong project management, communication, and interpersonal skills. Experience using SQL for testing controls and key reports preferred.

Essential Security, Compliance, and Confidentiality Functions:

- Help to ensure that IT resources (data, applications and infrastructure) are kept secure from unauthorized access and use.

- Report any security related concerns to senior IT Management.

- Participate in ongoing security related training as approved by management.

- Keep informed of and follow Standards and Procedures as presented in the ITS&P and the FCBT General Computer Controls.

- Work with IT compliance to ensure all assigned operational compliance responsibilities are carried out in an efficient manner and report any compliance concerns to senior IT Management.

- Exercise reasonable care in maintaining the confidentiality of FCBT’s information and use of such information for FCBT’s business purposes only.

What You Bring to the Team:

Our ideal candidate lives within a commutable distance from our office and appreciates the value of hybrid work design.

It’s an important role that covers many skills. This position requires:

Required

Bachelor’s degree in accounting, business, finance, or related field and a minimum of four (4) to six (6) years of experience in public accounting with specific experience in internal control over financial reporting within the banking sector. CISA, CPA, or similar certification preferred.

Why Farm Credit Bank of Texas:

In addition to a competitive salary, we offer comprehensive, affordable, and competitive benefit options that are focused on health and wellness, financial security, and achieving a work-life balance:

- Flexible health-and-wellness benefits, including medical insurance, prescription drug coverage, dental insurance, vision care, flexible spending accounts, and more.

- 401(k) plan that includes immediate vesting of a generous employer match and additional employer contribution

- Long-term disability and life insurance

- Vacation leave, sick leave, and paid holidays

- Fertility benefit and parental leave plan

- Up to two days per year to volunteer in local community organizations, services, or events

- Ongoing professional-development opportunities

- Generous tuition-reimbursement program

- Physical fitness incentive plan

- Employer matching gifts program

Important note: We care about your hiring process and take it seriously. A real person will review your applications, meaning response timelines may vary. The interviewing process at Farm Credit Bank of Texas may include phone calls and emails, on-site interviews, and requests for portfolios or demonstrations of work. We can’t personally follow-up with each applicant, and we will do our best to create a professional, respectful, and thorough process for candidates with whom we identify as a potential fit.

A/EOE/M/F/D/V

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