Internal Control Analyst Job Description
Internal Control Analyst Duties & Responsibilities
To write an effective internal control analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included internal control analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Internal Control Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Internal Control Analyst
List any licenses or certifications required by the position: CPA, CIA, CFE, CISA, CCSA, CMA, SAP, SOX, GS-0501-11, ACCA
Education for Internal Control Analyst
Typically a job would require a certain level of education.
Employers hiring for the internal control analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Management, Education, Economics, Business/Administration, Information Technology, Engineering, Criminology
Skills for Internal Control Analyst
Desired skills for internal control analyst include:
Desired experience for internal control analyst includes:
Internal Control Analyst Examples
Internal Control Analyst Job Description
- Preparation of quarterly certification materials for various Divisions’ Certifications and Firmwide Review Committee
- Partner with other firm risk and control disciplines (e.g., Internal Audit, Operational Risk, Fed Reporting, CCAR)
- Work with key project managers throughout the firm to identify changes to risks/controls and ensure organizational changes are accurately reported as they relate to quarterly certification
- Training new assessors and certifiers
- Overall project management of the quarterly assessment and certification process which involves a high level of communication and coordination with individuals across the firm
- Assist in the development of strategic ICRA tools and convergence reports
- Support production of ICRA automated reporting and dashboards
- Liaison with regulators during exams and determine impact of any findings to the firm’s internal controls over financial reporting
- Coordination with a global team, including occasional travel to regional offices
- Assist in helping to build the technology strategy of the team, including project management
- Position requires 4+ year's related experience, preferably in public accounting with a focus in the consumer product industry
- Candidate typically possess 2-4 years of experience in a Sarbanes-Oxley role or a related financial services industry role including internal/external audit
- Must possess capital markets/banking experience especially related to internal controls over financial reporting
- Knowledge/experience in US GAAP/IFRS financial reporting is desired
- Experience with the project management of a risk and control self-assessment process is a plus
- Highly motivated and possess strong analytical and intellectual abilities
Internal Control Analyst Job Description
- Investigate and evaluate operational incidents
- Assist in the coordination of Bank-wide compliance training programs
- Identify internal control deficiencies
- Perform complex analysis of data to determine trends and potential emerging risks
- Assist in development of drafting reports and deliverables
- Assist in the preparation of annual regulatory examinations
- Assist with the Compliance Department’s documentation management needs
- Plan, execute, and report on additional projects as assigned by the Compliance Officer
- To directly improve efficiency and processes across the APAC & EM finance function
- To collate information from numerous functions and divisions and be able to undertake detailed data analysis
- Demonstrates ability to establish strong working relationships with clients and management
- Proactive, with the ability to respond creatively in a fast-paced, and continually changing environment
- Knowledge/experience in Enterprise Risk Management/Operational Risk experience is preferred
- Logical Access and IT General Security consultancy, support and advice for R&FIT critical applications with emphasis on the Insight Suite and SOX supporting applications including assistance with setting up end to end Logical Access Security Matrices and supporting governance processes
- Collaborate with Data Security horizontal stream on the Data Security Program initiatives
- Minimum 4 years’ IT Security/Logical Access experience
Internal Control Analyst Job Description
- To prepare summaries of key findings and memos for review by the Line Manager
- Any other ad-hoc duties as assigned by Line Manager
- Review, risk rank, and opine on issues raised through the self-assessment process in conjunction with the appropriate subject matter experts
- The successful candidate will have the overall responsibility to work with the Control Management Team and Global Operations Control to ensure the control environment within the business unit is sound and the business unit is meeting client needs
- She/he will work with Embedded Control Section Manager to complete all control and risk management responsibilities for the assigned business units in accordance with Corporate Policies, Procedures, Regulatory or Legal requirements
- She/he supports management on Business Recovery, Management Reporting, Error Analysis, System/User Access Reviews, Reconciliation monitoring and on-going projects and other business specific control and risk activities where applicable
- The Control Analyst will support Error / Near Miss Analysis to find the root-cause of an incident, and work out recommendations for management to improve the quality of internal controls and minimise the risk of the error repeating
- She/he will compile reporting for Senior Management, which includes risk and business metrics
- The Control Analyst must be able to work using a variety of platforms and systems
- She/he will support identification and documentation of business line risks using the Corporate Risk Assessment tool, review policies and procedures and may be asked to support or coordinate information gathering for Internal and External audits
- Proven experience and application of risk management policies and detailed knowledge of
- Current risk policies and regulatory change impacting the financial sector
- A solid understanding of standard change control policies and procedures and experience working in an dynamic and fast pasted IT
- A solid understanding of access control management, recertification and provisioning/de-provisioning principles
- University Degree in Business Administration or Engineer in Computer Science or Telecommunication or related
- Ability to demonstrate advanced understanding of business processes, accounting fundamentals, audit, internal control, risk management, IT controls and related standards (ICFR, COSO)
Internal Control Analyst Job Description
- Publish weekly, monthly, and yearly KPI reporting for FSC and field leadership
- Develop, maintain, and monitor comprehensive operational dashboards of KPI and retail metrics for Internal Control and key business partners
- Interpret KPI dashboards, identify potential gaps in store risk models, develop proposed changes along with cost-benefit analysis, and present to key stakeholders
- Assists in completing Quarterly SEC Reporting requirements, the semi-annual certification process
- Perform internal control testing Complete an independent review of the design and operating effectiveness of the internal control environment
- Primary responsibility for testing and monitoring SOX compliance in Corporate processes and integrating internal controls / SOX compliance at newly acquired entities
- Identify key financial reporting risks (including IT) and provide subject matter expertise on the design and implementation of internal controls
- Perform SOX testing procedures for Corporate key controls
- Actively communicate with Management the adequacy of the Corporation’s internal controls (including information systems and security)
- Manage risk and control software
- Candidate typically possesses 5+ years of experience in a Sarbanes-Oxley role or a related financial services industry role including internal/external audit
- Should have some experience managing others
- Master’s Degree (MA, MS, MBA) in Business, Finance, Accounting or Economics preferred
- Master’s Degree (MA, MS, MBA) in Business, Finance, Accounting or Economics
- Property/Asset program reviews and analysis
- Master’s Degree (MA, MS, MBA) in Business, Finance, Accounting or Economics highly desired
Internal Control Analyst Job Description
- Promote high levels of ethical awareness and conduct throughout the organization, including compliance with applicable laws and regulations
- Perform specific internal controls and financial management support under the supervision of a manager
- Perform review of business processes to evaluate against OMB A-123, Appendix A and B
- Update process narratives, flow charts, key control descriptions and test plans
- Assist with Enterprise Risk Management activities
- Conduct a Fraud Analysis in compliance with the Fraud Reduction and Data Analytics Act
- Track Corrective Action Plans
- Assist in ad-hoc request
- Own and govern the process for management’s assessment of the design and operational effectiveness of internal controls over financial reporting
- Primary responsibility is testing and monitoring SOX compliance in global IT processes and controls and
- Candidate will have strong analytical and problem solving skills solid technical and PC skills
- Incumbent should understand operational processes and be able to critically assess process design and execution of controls at the direction of senior embedded control staff
- Owns the work, and is focused, effective and efficient and contributes new ideas and finds solutions to business challenges
- Able to work under tight deadlines and manage multiple priorities with a high degree of accuracy
- Thorough knowledge of OMB Circular A-123
- Strong organization skills with the ability to work independently or in a team/project environment, handling multiple tasks and changing priorities while meeting non-negotiable deadlines