Job Summary :
The Risk Analyst (SOX) performs and analyses procedures and internal controls related to financial reporting, classifies deficiencies related to Sarbanes Oxley sections 302 and 404, and presents results to management.
Essential Responsibilities :
Knows and keeps up to date on Sarbanes Oxley regulations changes or new parameters specifically related to sections 302 and 404.
Understands and remains up to date with Accounting Pronouncements and relevant regulatory changes from the SEC, PCAOB, AICPA and FASB.
Understands and keeps up to date on internal processes and controls of identified areas by interviewing the bank personnel and revising the procedure manuals and bank regulations known as walkthroughs.
Interviews management, reviews all related transactional flows and flowcharts with the business areas management and makes changes as necessary.
Analyzes system and procedure changes that may affect the Corporation’s financial reporting information and asks questions related to those changes if necessary.
Identifies of corporate critical applications.
Identifies of corporate critical spreadsheets.
Identifies and prepares key control matrixes for SOX 404 compliance as established parameters by the regulation and external auditors for identified significant areas.
Keeps units up to date with due dates for all documentation related to Sarbanes Oxley Act.
Maintains a log of all information prepared by management related to Sarbanes Oxley.
Evaluates SSAE 18 reports received from service providers
Evaluate deficiencies identified for severity and impact on the financial statements
Review 302 certification and evaluates any relevant matters reported for SOX purposes
Prepares SOX 404 reports to be sent to management.
Other Responsibilities :
Analyzes any system procedure changes that may affect the Corporation’s financial reporting information.
Assists the supervisors and managers on special projects / tasks
Independence of Judgment :
This position exercises an intermediate degree of independent judgment after receiving general instructions. Follows established norms, policies, procedures and Human Resources practices.
Also follows internal Risk Assessment policies and procedures. The work is supervised by objectives results or during the process as necessary.
Supervisory Responsibilities :
This position has no direct supervisory responsibilities.
Impact of Errors :
The impact of errors of this position could affect essential activities of administrative, operational or business nature that have a considerable economic impact as well as essential activities for the Bank, either from other divisions or departments, or within.
Has access to high sensitive information, which an unauthorized spreading could cause serious conflicts.An incorrect analysis or a not appropriate communication with the personnel and the area supervisor could affect adversary in the service the unit should provide.
Physical Demands :
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to stand and walk.The job requires the use of computer and telephone.
May be required to lift and move boxes or packages not exceeding 10 pounds in weight.
Employees in this job work in an office environment with a comfortable room temperature, good lighting, and quiet conditions.
May be required to work extended hours, including holidays, should these coincide with company events.
Minimum Requirements :
A Bachelor’s Degree in Business Administration, Accounting or Finance.Two to three years of related experience, at least one on internal and / or external audit and Sarbanes Oxley.
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job.
They are not indented to be an exhaustive list of all responsibilities, duties, skills required of personnel so classified.
The reporting relationship may not reflect the most recent changes to the corporate reporting structure.
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