VP/SVP - IT Application Controls & IT General Controls - BFS

VP/SVP - IT Application Controls (ITACs) and IT General Controls (ITGCs)

About the Role :

- This is a transition role for F and A where we are looking for SMEs with Risk and Compliance, COSO, Audit and Accounting.

- The role will require closely working with state side team members and the local manager for ensuring good quality deliverables.

- The Technology 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 :

a. Providing meaningful assessments of financial, risk, and regulatory reporting control environment

b. Overseeing compliance with Well Fargo & 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)

c. Monitoring new and emerging internal control related guidance and issues and assist with facilitating group-wide training to interested and impacted stakeholders

d. Providing consultation and subject matter expertise for process and control related matters including evaluating severity of control deficiencies and related remediation efforts

e. Providing process and control support and thought leadership for projects

f. Interfacing with external auditors, regulators and others on control related matters

g. Acting as a change agent for continual improvement of the control environment.

Responsibilities :

This individual will contribute to the Technology COSO team by :

- Leading the IT Application Controls (ITACs') and IT General Controls (ITGCs') COSO test work.

- Performing walkthroughs of significant IT and Business processes and ensure required
COSO documentation is accurate and reflects relevant risk and key controls

- Partnering with IT and business Process Owners/Control Owners to document significant in-scope processes, applications according to corporate COSO policy (both process narratives and process flow diagrams). Additionally, assessing the appropriateness and completeness of key risk and key application controls identified. Support maintenance of an effective system of internal control over reporting by performing testing of information technology (IT) general internal controls over financial, regulatory, and risk reporting that are designed to meet regulatory and industry-expected standards of excellence

- Validating and challenging risk assessment conclusions, including assessing appropriateness and completeness of key risk and key controls identified

- Validating and providing challenge to identification of shared services, third party service providers, and significant applications

- Executing & supervising COSO testing of key controls, including design effectiveness assessments and operating effectiveness testing

- Confirming and challenging documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions

- Assessing the components of internal control for the business unit

- Evaluating the impact of control deficiencies to existing processes and controls

- Building relationships and collaborating with key stakeholders in the SEC and Regulatory Reporting internal control infrastructures

- Assisting with projects impacting the team including implementing the Company's COSO- based Regulatory Reporting Governance & Oversight Framework and the 2013 COSO Framework

Essential Qualifications :

- The successful candidate will be a highly motivated team player that is a self-starter who is accustomed to working in complex organizations with a diverse group of stakeholders, and someone who is able to withstand challenges and adapt accordingly.

- This individual should have COSO documentation and testing experience. Additionally, the candidate should possess a significant amount of professional presence and be accustomed to presenting material to senior executives.

- 6+ years of experience in one or a combination of the following: Auditing, Accounting, Analytics, Reporting including 2+ years of management experience

- A BS/BA degree or higher in accounting, finance, or economics

- Refined and professional verbal and written communications

OTHER DESIRED QUALIFICATIONS :

- Big four public accounting experience, A Masters of Business Administration (MBA) or CISA or CIA a Certified Public Accountant (CPA) Designation

- Experience with governance and oversight accountabilities

- Experience with large financial institutions

- Prioritize multiple tasks in a fast-paced environment with critical deadlines

- Microsoft Office (Word, Excel, Vision, Outlook, and PowerPoint) skills

- Excellent verbal, written, and interpersonal communication skills

- Ability to take on a high level of responsibility, initiative, and accountability

- Ability to present to senior level executives

- Minimum three years Big Four/super regional public accounting firm experience in IT audit and/or IT SoX advisory/consulting service

- Prefer one or more of the following certifications: CISA, CISM, CISSP

- Minimum of five years of experience leading teams that perform IT audit and/or IT COSO application control testing at peer-size companies

- Practical experience performing IT audit/IT COSO application control testing process reengineering/process improvement

- Strong critical thinking skills with ability to credibly challenge status quo; significant experience with continuous improvement of application control testing processes and results

- Strong executive relationship management skills; ability to negotiate difficult positions without harming relationships

- Experience integrating off-shore and/or third party resources into IT audit/IT COSO testing organization