• SOX Business Process Analyst

    ID
    2019-7339
    Job Locations
    US-CA-San Francisco
    Category
    Accounting/Finance
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    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) Analyst responsibilities include, but are not limited to, supporting the BP related components of the SOX Program, acting as an advisor to the business across the Bank’s multiple lines of business, and helping build out the SOX Program in its new position under Finance. The Bank’s current fast pace of growth provides career development (e.g. work directly with senior management) and learning opportunities (e.g. new system implementations) considering the role’s Bank-wide exposure. The BP Analyst will also actively participate in decision-making through collaboration with the BP Manager.  

     

    The SOX BP Analyst 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 are assessed for severity and remediated.

     

    The BP Analyst will report to the BP Manager and will work with a mix of internal and external team members to execute Program activities. In addition, the BP Analyst will be involved in special projects related to systems and new accounting standards implementations while assessing their impact on SOX and ICOFR.

     

    • Support the BP Manager 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, and remediation activities.
    • Execute on 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 Type II report reviews.
    • Work closely with the external auditors to ensure the SOX Program meets their requirements in terms of scope, timing and approach; work to align testing approach in efforts to increase auditor’s reliance on SOX Program.
    • Assist the BP Manager in preparation of 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 in the continuous enhancement of the Program with the potential implementation of a SOX workflow application to automate the SOX process including reporting and systematically connect workpapers.
    • Assist the BP Manager in performing assessments of SOX impact of new initiatives including system implementations/updates, new accounting standards, and various special projects.
    • Support the team by sharing information among the SOX Program Office team, transferring knowledge and providing examples of high-quality documentation, as appropriate. Foster and maintain group spirit and high team morale.
    • Be viewed as a team player, consultant and internal controls resource 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.

     

     

    Skills, Knowledge and Abilities:

    • Three (3) or more years of SOX controls related experience (Senior Analyst position available for more seasoned candidates). Should have experience focused on SOX, ICOFR, COSO Framework, process walkthroughs, 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 produce quality deliverables within defined budget and timeframes..
    • Demonstrate strong teamwork, organizational, analytical, and communication skills.
    • Professional certification(s), such as CPA, CFA, CIA and/or PMP are preferred.
    • Big 4 Accounting Firm experience is preferred.

    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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