Silicon Valley Bank - Lead Analyst - SOX Business

Summary/Objective

The Lead Financial Risk & Controls Analyst assists their supervisor in the review of business processes and procedures impacting financial reporting to evaluate best practices, control optimization opportunities, and compliance with the requirements of the Sarbanes-Oxley Act (SOX).

- The Lead will be responsible for updating status of business control testing, discussing delays, and assisting with project status reporting and performing/assisting quarterly 302 certifications. Must be proficient with conceptual understanding and performing Test of Design (TOD) and Test of Effectiveness (ToE) of controls.

- In this role, the Lead Analyst will deliver complete documentation to support SOX 404 and 302 opinions while identifying risks that could impede the scalability of operations. This person will play an important role in working with Bank operations to deliver solutions for challenges faced by the growth of the organization.

Essential Experience :

Lead Financial Risk and Controls Analyst must have below experiences:

- Proficient experience in banking process as Credit, Loans, Warrants, Derivatives, Accounts Payable, US Taxes. Experience in US banking regulations particularly over Current Expected Credit Losses (CECL)

- Test and review assigned key business controls in the respective SOX process areas and provides advisory and consulting services to management under the direction of their supervisor

- Participate and manage walkthrough discussions with process and control owners to assess inherent risks, identify controls and control gaps.

- Coordinate and complete control testing for Walkthrough, initial, rollforward, and remediation phases. Testing includes, obtaining populations and validating the completeness and accuracy, making samples selections based on SOX sampling methodology, and performing appropriate testing steps to confirm the control is operating as designed and related data is complete and accurate.

- Superb interpersonal skills and can work to completion with minimal hand holding/guidance.

- Track status to the plan and report delays to supervisor and assist with management reporting

- Assist with internal and external audit requests and respond to follow up questions timely

- At the direction of your supervisor, assist with special projects to ensure internal controls over financial reporting compliance is obtained

- Contribute to any other projects or risk related activities as required

Competencies :

Software: Microsoft Office Suite, GRC / Workiva

Experience Required :

- Minimum 7 years performing audit work, particularly for US/UK banking standards.

- Solid experience with a combination of public accounting (Big 4) and Large US banking.

- Experience in internal audit with a background in financial services (Banks Preferred).

- Strong understanding of Sarbanes-Oxley, COSO 2013, U.S. GAAP, and IIA standards and various auditing requirements

Preferred Education and Certification :

- Bachelor's in Commerce with MBA in Finance preferred

- Having at least one certification in CPA, CIA and/or CA preferred