Description
Overall Role Purpose
The Role is to support the Investment Banking annual SOx process on an ongoing basis, and contribute to process improvements, with particular emphasis on:
* Perform SOx scoping, testing and reporting
* Drive improvements across the SOx team and the wider control environment across the Bank
* Support to the VP, Governance & Control - SOx team with adhoc tasks
Key Accountabilities
- Perform Design Effectiveness Assessment (DEA) for in scope processes and identify areas for improvement.
- Perform Operating Effectiveness testing (OET) of SOx controls; review and challenge current control environment and ensure best practice is maintained.
- Assess the impact of control weaknesses on the financial reporting processes and financial statements.
- Monitor progress of remediation plans for SOx related issues
- Management reporting of testing status and findings
- Establish and maintain strong partnership with business teams, the global SOx team and the wider finance and governance team.
- Work on special projects requiring attention for improving control environment.
- Assess new products or business changes projects for SOx impact and direct project teams on implementation of SOx controls as necessary.
Person Specification
The ideal candidate will have an Audit background with experience in a Product Control function.
Certification Requirements - essential:
- Professional accountancy qualification - ACCA/ACA, CIMA
Skill Requirements - essential:
- Knowledge and experience of front to back controls within a IB function
- Good understanding of the COSO framework and its application to internal controls over financial reporting
- Overall understanding of 'minimum standards' for SOx and control issues reporting
- Good understanding and application of IFRS in particular in relation to IB products
- Ability to understand, implement and drive improvements to a risk & control framework
Communication skills
* Ability to analyse problems using multiple information sources to identify core issues and develop mutually satisfactory solutions
* Constantly manage stakeholders expectation over level and speed of service before issues arise
Commercial effectiveness
* Manage conflicting demands and priorities through stakeholder engagement, effective planning and sound judgement
Personal and interpersonal skills
* Ability to work on a number of deliverables at the same time
* Offer assistance without waiting to be asked, takes steps to keep stakeholders informed and delivers high quality support
* Take personal accountability for own activities and performance, ensuring the right people are