• SOX Business Process Manager

    ID
    2018-6817
    Job Locations
    US-CA-San Francisco
    Category
    Accounting/Finance
  • Overview

    First Republic is an ultra-high-touch bank that provides extraordinary client service. We believe that one-on-one interactions build lasting relationships. We move quickly to serve our clients’ needs so that their financial transactions are handled with ease and efficiency. Client trust and security are paramount in our line of business. Ultimately, our goal is unsurpassed client satisfaction which will lead to personal referrals – our number one source of new business.


    We recognize that our competitive advantage starts with our people and our culture. At First Republic, we work hard and move quickly as a very coordinated team. If you are looking for an opportunity to grow and contribute in a fun, fast-paced environment, First Republic is the place for you. We have exceptional people focused on providing extraordinary service.

     

    The Sarbanes-Oxley (SOX) Business Process (BP) Manager is responsible for leading the BP related components of the SOX Program and help to continually enhance the program to keep up with the dynamic growth of the Bank. The responsibilities include completing and maintaining the SOX risk assessment, fraud risk assessment, scoping and materiality assessments, and managing the BP team in the completion of BP walkthroughs and controls testing, while also closely coordinating all SOX-related activities with the Bank’s external auditors.

     

    The SOX BP Manager will work closely with business unit SOX Liaisons to ensure that Internal Controls Over Financial Reporting (ICOFR) are appropriately designed and are operating effectively, SOX compliant control documentation is maintained and that any BP ICOFR deficiencies assessed for severity, remediated, and reported to the SOX Reporting Committee.

     

    The BP Manager will report to the Vice President, SOX Program and will work with a mix of direct, indirect and co-sourced team members to manage the process. The BP Manager will also actively participate in decision-making related to the SOX Program. In addition, BP Manager will be involved in special projects related to systems and new accounting standards implementations while assessing their impact on SOX and ICOFR.

     

    Responsibilities

    • Work closely with the VP, SOX Program in completing the annual SOX scoping and materiality assessments, risk assessment, as well as the Fraud Risk Assessment to ensure compliance with COSO standards and appropriate scoping and coverage of the SOX Program.
    • Coordinate with each business unit SOX Liaison all SOX-related activities, including walkthroughs, testing, remediation activities.
    • Lead SOX BP testing with the identification and documentation of SOX Key Controls, and assist the business in enhancing their process documentation.
    • Assess BP ICOFR deficiencies and monitor BP remediation activities. Conclude on the effectiveness of BP ICOFR.
    • Work closely with the Bank’s Vendor Management group, and SOX Liaisons to help identify End User Controls and SOC-1 report reviews.
    • Work closely with the external auditors to ensure the SOX Program meets their requirements in terms of scope, timing and approach; be a key contact for the external auditors related to BP matters.
    • Prepare BP related materials for the SOX Reporting Committee.
    • Ensure the overall quality, consistency, risk management and adherence to the Corporate SOX Policy.
    • Support the team as a Subject Matter Expert on SOX, COSO, ICOFR, for the continuous enhancement of the Program with the potential implementation of a SOX workflow application to automate reporting and systematically connect workpapers.
    • Perform assessment of SOX impact of new initiatives including system implementations and new accounting standards.
    • Assist in recruiting, developing and mentoring staff, including career-counseling support by sharing information among the SOX Program Office team, transferring knowledge and providing instructions/guidance as appropriate. Foster and maintain group spirit and high team morale.
    • Be viewed as a leader, management consultant and internal controls expert as part of building and maintaining ongoing relationships with business units.
    • Responsibilities also include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank. 

     

    DISCLAIMER: Critical features of this job are described under the items above. They may be subject to change at any time due to reasonable accommodation or other reasons. This job description reflects management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

     

    Qualifications

    Skills, Knowledge & Abilities:

    • Five or more years of BP SOX related experience. Should have in-depth knowledge focused on SOX, ICFR, COSO Framework, and baseline understanding of IT controls.
    • Prefer banking and/or financial services experience primarily focused in SOX or internal audit, enterprise-wide risk management and ICOFR controls consulting.
    • Ability to define deliverables, build budgets and project plans, align resources and specialists for project teams.
    • Demonstrated project management skills and organizing ability with successful experience in concurrently managing multiple projects at varying levels of technical difficulty at the same time.
    • Strong teamwork, analytical, and communication skills.
    • Professional certification(s), such as CPA, CFA, CIA and/or PMP are preferred.

    Mental/Physical Requirements:

    • Vision must be sufficient to read data reports, manuals and computer screens.
    • Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
    • Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
    • Position involves sitting most of the time, but may involve walking or standing for brief periods of time.
    • Must be able to travel in a limited capacity.

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