Corporate SOX Program Director

Truist Bank • Charlotte, NC

3d

About The Position

SOX Program Management (SPM) coordinates Truist's efforts to ensure that all significant financial reporting controls are identified and testing is performed to evaluate the operating effectiveness of the controls in connection with Sections 404 and 302 of the Sarbanes-Oxley Act of 2002 (SOX) and the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA). Responsible for executing a governance and oversight program that guides, monitors, evaluates, and reports on the effectiveness of internal control over financial reporting. Determines in-scope processes, applications, models and infrastructure for annual Sarbanes-Oxley (SOX) testing. Responsible for providing guidance on SOX requirements for control/process documentation, testing and issue management and other aspects of the SOX framework to keep pace with changes in the underlying business in support of Truist's Sarbanes-Oxley and FDICIA compliance efforts. Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. Provide team leadership and vision and responsible for long-term planning and performance of the team. Develop plans that impact the direction and resource allocation of the group, including business, project and/or organizational priorities. Proactively identify and resolve technical, operational, risk management, business, and organizational challenges, and establishes long-term solutions for continuous improvement. Serve as a Subject Matter Expert (SME) for the financial reporting risk domain and compliance for SOX and FDICIA impacting processes and initiatives. Represent SOX Program Management (SPM) on SOX Core Team and SOX Oversight Committee. Interface with business and other risk partners on projects as well as serving as an SOX Risk SME during the planning and execution of business initiatives. Lead the adaptation of complex high risk work programs and practice aids, establishes methodology and sets direction for policies and procedures. Coordinate with auditors (internal and external) and BURM teams to document SOX issues. Track the status of corrective actions to ensure timely SOX Oversight Committee and the Corporate Audit Committee of the Board. Identify key risks and controls, recommends improved controls, performs controls readiness projects and identifies and assesses configuration of controls in SOX Significant financial reporting related processes. Set direction and establishes methodology for quarterly governance processes. Provide oversight as risk and audit teams perform assessments, walkthroughs and testing to evaluate controls, security, SOD, and execute audit procedures. Consult and collaborate with the business on current and emerging SOX-significant processes.

Requirements

• Bachelor's degree in Finance or Accounting or equivalent education and related training.
• Twelve years of relevant experience in internal audit, public accounting, or SOX/Risk compliance.
• Ability to interpret and explain complex information to a range of audience and build consensus among different stakeholders.
• Ability to influence others at senior levels to adopt a new perspective.
• Ability to build consensus through communication and presentation of factual and relevant information.
• Advanced verbal and written communication skills including executive presentation skills.
• Advanced analytical skills and the ability exercise judgment and solve complex problems.
• Ability to work well with others in a dynamic, team-oriented environment.
• Strong understanding of PCAOB and SEC requirements for compliance with SOX.
• Relevant Professional Certification - e.g. CPA, CISA.
• Demonstrated leadership skills and ability to work well with others in a dynamic, team-oriented environment.

Nice To Haves

• Supervisory experience.
• Financial services or specialized industry experience.
• Master's degree in related discipline.
• Working knowledge of US GAAP, SOX and FDICIA reporting requirements.

Responsibilities

• Provide team leadership and vision and responsible for long-term planning and performance of the team.
• Develop plans that impact the direction and resource allocation of the group, including business, project and/or organizational priorities.
• Proactively identify and resolve technical, operational, risk management, business, and organizational challenges, and establishes long-term solutions for continuous improvement.
• Serve as a Subject Matter Expert (SME) for the financial reporting risk domain and compliance for SOX and FDICIA impacting processes and initiatives.
• Represent SOX Program Management (SPM) on SOX Core Team and SOX Oversight Committee.
• Interface with business and other risk partners on projects as well as serving as an SOX Risk SME during the planning and execution of business initiatives.
• Lead the adaptation of complex high risk work programs and practice aids, establishes methodology and sets direction for policies and procedures.
• Coordinate with auditors (internal and external) and BURM teams to document SOX issues.
• Track the status of corrective actions to ensure timely SOX Oversight Committee and the Corporate Audit Committee of the Board.
• Identify key risks and controls, recommends improved controls, performs controls readiness projects and identifies and assesses configuration of controls in SOX Significant financial reporting related processes.
• Set direction and establishes methodology for quarterly governance processes.
• Provide oversight as risk and audit teams perform assessments, walkthroughs and testing to evaluate controls, security, SOD, and execute audit procedures.
• Consult and collaborate with the business on current and emerging SOX-significant processes.

Benefits

• All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.
• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees