Specialist, SOX C&C, Basel Independent Verification

Responsible for executing rigorous verification and testing of BCBS 239 and Basel related processes and controls. Independently assess, through verification and testing, the internal control framework to ensure that all internal systems supporting compliance with the Basel rules and BCBS 239 principles are properly designed, documented, and working as intended.

Essential functions include:

Basel Rule Compliance: Assess compliance with the Federal Reserve Board's advanced approaches risk-based capital rule.

BCBS 239 Principle Compliance: Assess compliance with Basel Committee on Banking Supervision Section 239 risk reporting and data aggregation requirements.

Internal Control Evaluation:

Evaluate the design of controls over the Basel and BCBS 239 reporting processes to ascertain whether control objectives related to accuracy, completeness, validity, and timeliness are adequately addressed. Identify control gaps related to the Basel and BCBS 239 framework components through verification and testing. Identify risks that could potentially cause a material misstatement.

On a constant basis, stay abreast of current developments and regulatory pronouncements related to Basel filings. Become a SME related to the Basel and BCBS 239 processes. Build and maintain key working relationship with key stakeholders.

With minimal guidance, performs the assessment of internal controls over financial reporting to ensure compliance with the Sarbanes-Oxley Act ("SOX")-like framework. Assigned business/business partner areas are typically medium to large in size and moderately complex. Incumbents demonstrate a breadth of knowledge of compliance and control and a thorough understanding of SOX.

Supports senior team members in the execution of the BIV assessment programs, in providing thorough and reliable identification of in-scope reports and locations, planning, testing, documentation, and reporting of the effectiveness of Basel and BCBS 239 reporting for delivery to the senior management and external committees. With minimal guidance, assesses business processes, identifies control deficiencies and recommendations, and prepares work papers and documentation to support the annual assessment.

Supports more senior colleagues by tracking the status of deficiencies; reviews remediation by process owners and delivers reporting findings to SOX leadership and management. With some supervision, helps to provide guidance on the integration of internal controls into processes and systems to senior level management and reporting groups. No direct reports. Contributes to the achievement of team goals. Modified based upon local regulations/requirements.

Qualifications

Bachelor's Degree or the equivalent combination of education and experience is required. 5-7 years of total work experience preferred. Experience in public accounting, SOX testing, financial services or shared services is preferred. Certified Public Accountant (CPA) or Chartered Accountant (CA) certification is preferred.

Strong understanding of the Capital Rules and Basel reporting requirements, BCBS 239 principles and regulatory reporting rules and practices is preferred.