Federal Reserve Bank (FRB)
SOX/AS5 Project Director (Finance)
The Federal Reserve Bank of Minneapolis' Enterprise Risk Group (ERG) is looking for a Project Director/Supervisor to lead the Bank's Sarbanes‐Oxley (SOX) / Public Company Accounting Oversight Board (PCAOB) Audit Standard 5 (SOX/AS5) compliance. Reporting to the Vice President. This leadership position has primary day‐to‐day responsibility for SOX/AS5 compliance and reporting. Additional responsibilities within ERG may be assigned based on the successful candidate's experience and on ERG's needs.
General Description
The successful candidate will have a minimum of five years of relevant leadership experience in a complex business environment, as evidenced by an established record of achievement. This experience must include demonstrated experience in financial reporting and/or internal controls. The successful candidate must also think and act strategically and critically while collaborating with a diverse group of executives, managers, and professionals. Routinely required to meet critical deadlines, manage ambiguity, work across business units, and successfully engage difficult situations.
Overview of Responsibilities
Directly responsible for leading, managing, scoping, and coordinating the Bank's SOX/AS5 compliance program. Establish and monitor annual project plan and associated responsibilities for meeting SOX/AS5 compliance.
Effectively coordinate, collaborate and communicate with diverse audiences. Serve as management and staff's point of contact both internally and with the Bank's external audit firm. Coordinate, collaborate and communicate regularly with other Federal Reserve System leaders and workgroups involved in financial reporting internal controls. Create and participate in regular updates to the Bank's Board of Directors Audit Committee and the Bank's executive leadership.
Provide expertise on internal controls and risk assessments for financial reporting. Oversee the design, evaluation, and documentation of financial reporting internal controls and coordinate department training on financial reporting internal controls. Specifically, train on the SOX/AS5 process and maintaining documentation for testing of key controls.
Maintain a thorough understanding of the control environment for key business areas and consult with departments on recommendations for improvement opportunities of key processes and controls.
Arrange walkthroughs of key controls both internally and with the external auditor. Coordinates with the external auditors and Bank stakeholders the annual external audit kickoff, documentation requests, and other related items.
Coordinate and manage the testing of the Bank's SOX/AS5 controls, including, monitoring, evaluating, and reporting on control testing results and follow‐up on recommendations and remedial activities. Perform risk assessments as needed or appropriate. This position requires supervisory responsibilities of the testing team.
Periodically conducts the Control System Evaluation (CSE) survey, which evaluates the Bank stakeholder's actual and perceived effectiveness of their areas internal control over financial reporting environment.
Coordinate reviews and follows-up on questions related to the reliance letters.
Prepare documentation and coordinate managing and senior officers signing of internal assertions over financial reporting and the control environment.
Remain current on the Bank's internal/external developments and initiatives and their impact on internal controls related to financial reporting.
Monitor changes in SOX/AS5 guidance and regulations.
Qualifications:
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists, we work together to represent you in our economy.
*A requirement of this position is that the employee must be fully vaccinated against COVID-19 and received all approved boosters or qualify for an accommodation from the Bank's vaccination policy; the Bank will provide accommodations as required by law for individuals unable to be vaccinated due to medical condition or sincerely held religious belief.
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.