Officer, Senior Associate IT SOX Compliance

Banc of California • Santa Ana, CA

37d

About The Position

Responsible for performing the Bank’s risk based, annual SOX IT Compliance
Program plan and other initiatives in compliance with the Sarbanes-Oxley (SOX)
Act. Works closely with line of business stakeholders to ensure that control
documentation is maintained, assertions performed, and that findings related to
Internal Controls over Financial Reporting (ICOFR) are assessed, reported to
management, monitored for remediation, and validated for effective correct
action.
Carries out responsibilities by working with internal and co-sourced
team members to perform all IT SOX-related activities in accordance with the SOX
Compliance Program plan and methodology. Works with all levels of management,
internal department personnel, co-source resources, and external auditors.
Collaborates with key stakeholders as needed. Performs all duties in accordance
with the Company’s policies and procedures, all U.S. state and federal laws and
regulations, wherein the Company operates.

Requirements

• Bachelor’s degree from an accredited college or university in Information Technology, Computer Science, or related field.
• Five (5) or more years’ related work experience in an IT internal controls testing, IT internal audit, IT risk, or IT compliance role at a mid-size to large bank or financial institution .
• At least three (3) years’ related experience in IT internal control testing and evaluation, preferably in the banking industry.
• Working knowledge of Sections 302 and 404 of the Sarbanes-Oxley Act of 2002 and related requirements for internal controls over financial reporting (ICOFR)
• Knowledge of the COSO Framework
• Knowledge of banking operations, including commercial and residential lending and deposit operations
• Working knowledge of Microsoft Office applications, including Word, Excel, Visio, PowerPoint
• Effective organizational and time management skills
• Exceptional oral, written and interpersonal communication skills
• Strong analytical skills and ability to quickly grasp business needs and objectives
• Ability to identify and communicate solutions to complex, time-critical, or recurring business issues
• Ability to organize and prioritize workstreams effectively and manage multiple projects to meet deadlines
• Ability to deliver high-quality work product and deliverables
• Ability to interact with senior and executive management, co-source resources, internal auditors, external auditors, and regulators
• Ability to meet deadlines in a fast-paced environment and adapt quickly to change
• High School diploma or equivalent required

Nice To Haves

• Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA) a plus.

Responsibilities

• Assists SVP, IT SOX Director, in planning and executing the Bank’s annual IT SOX Compliance Program plan in collaboration with executive management.
• Assists with key entity-level assessments, including the annual SOX Risk Assessment and annual Fraud Risk Assessment.
• Coordinates and leads process walkthroughs with management process/control owners and performs “Test of Design” to identify control weaknesses and ensure that internal controls are designed appropriately.
• Performs the testing of internal controls to validate the operating effectiveness of SOX controls performed by management with a focus on IT General Controls (ITGCs), IT Automated Controls (ITACs), and key-report testing.
• Communicates control deficiencies/findings to management in an objective manner and obtains and reviews their remediation plans to ensure that the risk concerns are sufficiently addressed.
• Analyzes and documents IT SOX findings and deficiencies, performs root cause analysis, assesses potential financial statement impact of deficiencies, and assesses remediation plans developed by process owners.
• Facilitates the remediation of control deficiencies and escalates possible critical issues to process owners.
• Advises process owners in updating their SOX documentation, which includes process maps, key inventories, control descriptions, etc.
• Maintains SOX documentation and findings in the Company’s GRC and risk management platforms.
• Maintains the Company’s issues management tracking system, monitors, and report control deficiencies status.
• Supports the development and coordination of the Company’s Sarbanes-Oxley activities. Communicates and provides accurate reporting to SOX Compliance management and business units.
• Collaborates with IT SOX process owners re: SOX Compliance requirements to increase awareness, understanding, and compliance.
• Maintains effective and professional relationships with the Company’s internal auditors, external auditors, and regulatory examiners.
• Identify areas of opportunity for process improvements and assist the business stakeholders in adequately addressing them. This includes use of automation and AI as appropriate.
• Maintains a current level of knowledge relating to professional standards and emerging industry and technical developments, including SOX 302/404, GAAP, COSO, and related auditing standards.
• Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions.
• Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; promotes working environment free of harassment of any type.
• Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
• Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
• Performs other duties and projects as assigned

Benefits

• Financial Security: You will be eligible to participate in the company’s 401k plan which includes a company match and immediate vesting.
• Health & Well-Being: We offer comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long-term disability, pre-tax Health Savings Account with employer contributions, and pre-tax Flexible Spending Account (FSA).
• Building & Supporting Your Family: Banc of California partners with providers that offer adoption, surrogacy, and fertility assistance as well as paid parental leave and family support solutions including care options for your family.
• Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off.
• Career Growth Opportunities: To support career growth of our team members, we offer tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level