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Senior Business Control Specialist

Charlotte, North Carolina

Job Description:

Global Reconciliation Governance (GRG) Senior Business Control Specialist will play a key role in ensuring enterprise wide compliance with the General Ledger Account Reconciliation, Account Usage, and Manual Journal entry policies and standards. This position will interact with business partners at all levels including Account Reconciliation owners and Senior Management overseeing GL Activity in the lines of business, Compliance, Risk, Audit and Regulatory Reporting.  Key priorities for the team are detecting, escalating and managing compliance issues to resolution.

Scope of Responsibilities Include:

  • Provide subject matter expertise to general ledger journal entry preparers and approvers across the enterprise on the interpretation of the policy and provides guidance on the implementation and execution of the required standards.
  • Provide subject matter expertise to reconciliation owners across the enterprise on the interpretation of the policy and provides guidance on the implementation and execution of the required standards.
  • Perform compliance testing and communicate findings.
  • Partner with key business contacts and stakeholders to understand and address potential compliance issues
  • Assist with the identification of appropriate metrics designed to measure the effectiveness of GL Account Reconciliation and Manual Journal Entry (GL AR and MJE) controls.
  • Assist with the preparation of the executive dashboard reports to inform management of the status of GL AR and MJE compliance across the enterprise and to escalate significant issues.
  • Prepare updates to Senior Management.
  • Contribute to the development of internal guidance for GL AR and MJE policies and standards to ensure consistent and appropriate application across the Enterprise.
  • Identify and drive process improvements to the overall GL AR and MJE compliance program.

Knowledge, Skills and Key Leadership Characteristics:

  • Bachelor's degree or equivalent in Accounting and/or Finance.  Graduate degree and CPA designation is a plus.
  • 5+ years of relevant governance, risk, control, audit and/or compliance type experience, specifically in areas of accounting and finance in a large, fast-paced, results-oriented company with a demonstrated history of success.
  • Strong project management, organizational, analytical and problem solving skills including the ability to handle multiple tasks simultaneously.
  • Excellent written and verbal communication skills.
  • Experience in evaluating, documenting and testing internal control environment, developing and producing meaningful metric reporting.
  • Effective partnering and relationship management skills.
  • Ability to communicate complex ideas in a clear and concise manner, both written and verbal.
  • Ability to quickly adjust to changes in approach/methodology in a dynamic setting.
  • Proficient use of software packages (i.e. Microsoft Office: Excel, PowerPoint, and Word)
  • The ideal candidate will be a highly motivated individual with a strong work ethic who is able to thrive in a fast-paced and demanding environment.   Additional qualities include:
  • Process-oriented thinking
  • Ability to work independently as well as with others
  • Ability to lead and affect process change and improvements

About the CFO Operational Risk and Controls Oversight Group (ORCO):
ORCO has firm-wide responsibility for ensuring appropriateness of externally reported financial information.  The group works closely with several internal control functions within the Business and Finance Organizations, Operational Risk, Compliance, Corporate Audit and the Company’s external Auditors.  Key responsibilities of the group include:

  • Enterprise-wide Internal Control over Financial Reporting: Managing Sarbanes-Oxley 404 Compliance, Disclosure Controls and Procedures (DCP) and FDICIA Compliance.
  • Financial Operational Risk: Operational Risk Reporting, Process Risk Assessment, QA metrics/scorecards, Risk Self-Assessment (RCSA), Issues Management, Key Risk Indicators, etc.
  • Treasury Business Controls: Validation of effectiveness of processes/controls supporting Corporate Treasury functions and activities in regulatory compliance program and related enterprise standards and policies as well as QA metrics/scorecards, RCSA, Spreadsheet Compliance and Model Risk Management
  • Regulatory Reporting Quality Assurance Testing (source to report) Conformance and Transaction Review
  • Enterprise-wide Reconciliations: Governance over account reconciliations and firmed-owned bank accounts

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Global Reconciliation Governance (GRG) Senior Business Control Specialist will play a key role in ensuring enterprise wide compliance with the General Ledger Account Reconciliation, Account Usage, and Manual Journal entry policies and standards. This position will interact with business partners at all levels including Account Reconciliation owners and Senior Management overseeing GL Activity in the lines of business, Compliance, Risk, Audit and Regulatory Reporting.  Key priorities for the team are detecting, escalating and managing compliance issues to resolution.

Scope of Responsibilities Include:

  • Provide subject matter expertise to general ledger journal entry preparers and approvers across the enterprise on the interpretation of the policy and provides guidance on the implementation and execution of the required standards.
  • Provide subject matter expertise to reconciliation owners across the enterprise on the interpretation of the policy and provides guidance on the implementation and execution of the required standards.
  • Perform compliance testing and communicate findings.
  • Partner with key business contacts and stakeholders to understand and address potential compliance issues
  • Assist with the identification of appropriate metrics designed to measure the effectiveness of GL Account Reconciliation and Manual Journal Entry (GL AR and MJE) controls.
  • Assist with the preparation of the executive dashboard reports to inform management of the status of GL AR and MJE compliance across the enterprise and to escalate significant issues.
  • Prepare updates to Senior Management.
  • Contribute to the development of internal guidance for GL AR and MJE policies and standards to ensure consistent and appropriate application across the Enterprise.
  • Identify and drive process improvements to the overall GL AR and MJE compliance program.

Knowledge, Skills and Key Leadership Characteristics:

  • Bachelor's degree or equivalent in Accounting and/or Finance.  Graduate degree and CPA designation is a plus.
  • 5+ years of relevant governance, risk, control, audit and/or compliance type experience, specifically in areas of accounting and finance in a large, fast-paced, results-oriented company with a demonstrated history of success.
  • Strong project management, organizational, analytical and problem solving skills including the ability to handle multiple tasks simultaneously.
  • Excellent written and verbal communication skills.
  • Experience in evaluating, documenting and testing internal control environment, developing and producing meaningful metric reporting.
  • Effective partnering and relationship management skills.
  • Ability to communicate complex ideas in a clear and concise manner, both written and verbal.
  • Ability to quickly adjust to changes in approach/methodology in a dynamic setting.
  • Proficient use of software packages (i.e. Microsoft Office: Excel, PowerPoint, and Word)
  • The ideal candidate will be a highly motivated individual with a strong work ethic who is able to thrive in a fast-paced and demanding environment.   Additional qualities include:
  • Process-oriented thinking
  • Ability to work independently as well as with others
  • Ability to lead and affect process change and improvements

About the CFO Operational Risk and Controls Oversight Group (ORCO):
ORCO has firm-wide responsibility for ensuring appropriateness of externally reported financial information.  The group works closely with several internal control functions within the Business and Finance Organizations, Operational Risk, Compliance, Corporate Audit and the Company’s external Auditors.  Key responsibilities of the group include:

  • Enterprise-wide Internal Control over Financial Reporting: Managing Sarbanes-Oxley 404 Compliance, Disclosure Controls and Procedures (DCP) and FDICIA Compliance.
  • Financial Operational Risk: Operational Risk Reporting, Process Risk Assessment, QA metrics/scorecards, Risk Self-Assessment (RCSA), Issues Management, Key Risk Indicators, etc.
  • Treasury Business Controls: Validation of effectiveness of processes/controls supporting Corporate Treasury functions and activities in regulatory compliance program and related enterprise standards and policies as well as QA metrics/scorecards, RCSA, Spreadsheet Compliance and Model Risk Management
  • Regulatory Reporting Quality Assurance Testing (source to report) Conformance and Transaction Review
  • Enterprise-wide Reconciliations: Governance over account reconciliations and firmed-owned bank accounts

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-22003686

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Jenifer Finner

Referral Bonus:

0

Street Address

Primary Location:
401 N Tryon St, NC, Charlotte, 28255