COSO Internal Controls Senior Analyst
Federal Reserve Bank
- Boston, MA
- Permanent
- Full-time
- Evaluate governance and risks and determine the effectiveness of controls regarding the reliability and integrity of financial information, the effectiveness of the control environment and controls, safeguarding of assets and compliance with applicable rules and regulations.
- Support and oversee the COSO audit program in accordance with established policies and standards.
- Develop new or revise existing audit programs (as necessary), performing research and assessing the documentation and testing of key controls, prepare clear and concise test work that document the audit tests performed and the conclusions drawn.
- Review, verify and analyze transactions, records, reports and procedures for accuracy and effectiveness.
- Participate in reviews of business units’ COSO documentation, testing and remediation work. Assist in the evaluation of a business’s risk events and audit findings as it may relate to their internal control assessments.
- Identify and assess the impact of exceptions, make appropriate recommendations, and provide reports to business management documenting the findings based on testing.
- Ensure that issues and control gaps are brought to the attention of management and resolved.
- Contribute to department management’s leadership and participation in Bank or System meetings, or workgroups, pertaining to topics relevant to COSO, by conducting research, providing information, and preparing formal reports and recommendations for multiple levels of audiences.
- Maintain effective communication and coordination between the department, other Bank departments, other Reserve Banks, the Board of Governors, and/or other external customers.
- Support, and evolve the Bank’s Governance, Risk & Compliance (GRC) tool for the COSO program.
- You will not directly supervise employees, but will lead assessments and projects.
- Bachelor’s degree required preferably in accounting or finance.
- Master’s degree in accounting, business, finance and/or CISA, CISA, CPA or CFA, or other strong industry experience a plus.
- Minimum of 5 years related work experience with financial reporting or audit/compliance, preferably in public accounting or financial services.
- Experience assessing the adequacy of the internal control environments through the identification of inherent risks in the business and key controls designed to mitigate those risks.
- Strong knowledge and application of SOX, COSO 2013 and financial controls, including identification and mitigation of risks.
- Strong customer service orientation with excellent communication and interpersonal skills with the ability to interface at all levels.