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Financial Controls & Oversight Senior Consultant in Charlotte, NC at Vaco

Date Posted: 11/26/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Charlotte, NC
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    11/26/2018
  • Job ID:
    FINAN31171

Job Description

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 Business COSO team supports the Company's on-going objective of maintaining an industry leading financial reporting control environment and is responsible for the following directives:

  • Providing meaningful assessments of financial, risk, and regulatory reporting control environment;
  • Overseeing compliance with the Company's COSO based policies for internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going compliance with the COSO polices (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 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 a member of the Business COSO team responsible for the following team directives:

  • Performing COSO Monitoring team responsibilities including:Building relationships and collaborating with key stakeholders in the SEC and Regulatory Reporting internal control infrastructures; and,
    • Supervising and reviewing the work of other COSO Monitoring Team Members who perform COSO Monitoring Team directives;
    • Performing walkthroughs of significant processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls;
    • Validating and challenging risk assessment conclusions, including assessing the appropriateness and completeness of key risk and key controls identified;
    • Validating and providing credible challenge to identified shared services, third party service providers, and significant applications;
    • Performing COSO testing of key controls, 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, both individually and in the aggregate, and the impact to internal control over financial reporting;
    • Assessing the components of internal control for the business unit;
    • Monitoring open control deficiencies and validating corrective actions;
  • Assisting with projects impacting the team including implementing the Company's COSO-based Regulatory Reporting Governance & Oversight Framework and the 2013 COSO Framework.


Required Qualifications

  • 6+ 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 4+ years of experience in one or a combination of the following: finance, accounting, analytics, reporting or business/technology audit


Desired Qualifications

  • A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
  • Ability to manage effectively in a matrixed organization
  • Big four public accounting experience
  • A Masters of Business Administration (MBA) or a Certified Public Accountant (CPA) Designation
  • Knowledge and understanding of regulatory agencies: Federal Reserve and OCC
  • Ability to present results of analyses and recommendations to senior leaders
  • Experience presenting technical concepts to senior leaders
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Excellent verbal, written, and interpersonal communication skills
  • Ability to take on a high level of responsibility, initiative, and accountability
  • Ability to translate and summarize complex data into understandable, actionable information and recommendations
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
  • Intermediate Microsoft Office skills