The Financial Controls Oversight (FCO) group is a part of Corporate Finance Business Risk Management team in the Controller's Organization within Corporate Finance. The FCO team is responsible for the execution of the Sarbanes Oxley (SOX) Compliance program across the entire organization to support the quarterly and annual CEO and CFO certification over internal controls over financial reporting. In order to support the SOX attestations, the key functions of the group include determining the material accounts, business areas/locations, and risks required to be addressed as part of the SOX program, working with business and accounting personnel to identify controls throughout the organization that mitigate financial reporting risks, testing identified key controls, and assessing the materiality of the impact of control deficiencies identified.
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Key responsibilities:
- Ownership and accountability for the end-to-end program management of the Company's Internal Controls of Financial Reports (ICFR) compliance to Sarbanes-Oxley requirements for a significant class of transactions including assisting with annual planning, financial statement risk assessment / scoping, design walkthroughs, operating effectiveness testing and reviews, identification, evaluation and remediation of deficiencies and Archer system responsibilities for controls and deficiencies
- Contribute to enterprise-wide scoping of accounts and mapping to controls (includes both quantitative and qualitative considerations), SOX critical applications, spreadsheets/models, and third-party service providers
- Participate in discussions with process and control owners to assess inherent risks, identify controls and control gaps, by conducting walkthroughs with end-to-end knowledge of assigned business units
- Identify, document, and maintain evidence supporting process and controls objectives
- Liaising with the business units to remediate risks, findings and gaps identified during the validation process and suggest control improvements to remediate exceptions identified and work with management to track issues to resolution
- Identify and drive transformation efforts to continue to enhance the functionality of the SOX Compliance Program
- Providing day to day guidance and management of staff and work to retain talent on the team
- Communicate and coordinate with external auditors regarding execution of the SOX program to ensure maximum reliance on our work with effective channel of communication
Qualifications and experience:
- Certified Public Accountant (CPA) / Chartered Accountant (CA) with progressive auditing/SOX/Accounting experience; preferably financial services
- Strong accounting background with theoretical and practical knowledge of US GAAP, SOX 404, and SEC financial reporting standards
- 5+ years of continuous experience in a Big 4 firm practice testing controls at large public clients
- Certified Internal Auditor (CIA), Chartered Financial Analyst (CFA) certification is a plus
- Degree in accounting
- Stay current on new technical literature applicable to the internal control process (e.g., PCAOB guidance, SEC, etc.)
- Strong project management, time management and organizational skills
- Ability to build positive relationships and describe complex issues in simple terms to varying levels of seniority
- Confidence to communicate difficult messages
- Collaborative, adaptive learner, team player and good under pressure, ability to multi-tasking and participate in various projects/process improvement
- Ability to prioritize and drive results in a deadline driven environment while maintaining attention to detail and accuracy
- Strong interpersonal, oral, and written communication skills
- Ability to effectively challenge and influence
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Salary Range:
$90,000 - $142,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.