SOX Analyst - Finance Governance and Control

  • Negotiable
  • Wilmington, DE, USA
  • Permanent, Full time
  • Barclays - US
  • 15 Oct 18

About Barclays in the US Barclays offers corporate and investment banking and credit card services in the US. Our 10,000 US colleagues are located in offices across the country, with headquarters in New York City. In 2017, Barclays announced plans to create a world-class campus in Whippany, New Jersey, for our Technology, Operations and Functional teams in the US. Other principal locations include Delaware, Nevada, Ohio and Maine.

About Chief Controls Office, Finance Governance and Controls

The CCO is structured to mirror and support the overall bank, with CCO teams looking after the Technology, Risk, Compliance, Security and Finance functions across Barclays UK, Barclays International and Barclays Execution Services legal entities.

The CCO is a team within the Chief Operating Office (COO) that operates across the bank to strengthen the Controls environment. This is being achieved by strengthening the existing controls framework that is already in place and by introducing new controls where there might be gaps. The team is an integral part of Barclays' emphasis on maintaining and enhancing an effective control framework in order to meet our business needs and regulatory requirements, as well as protect the interests of our clients, customers and shareholders.

About Finance Governance and Controls

The Finance Governance & Controls (FG&C) team is responsible for the Governance & Control framework for the Finance Function, acting as subject matter experts for control issues including the planning and execution of Sarbanes-Oxley (SOx) and the Federal Deposit Insurance Corporation Improvement Act (FDICIA) internal controls testing. FG&C ensures integrity of financial information by implementing and monitoring appropriate controls throughout the organization. In addition, a primary role of FG&C is to collaborate with each of the Finance functions we support to develop innovative ways of adding shareholder value. This is achieved by striving to execute in a consistent and timely manner and by implementing best practices globally.

EEO Statement

It is the policy of Barclays to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law.

Dynamic working gives everyone at Barclays the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.

­­­­­­­­­­­­­­­­­­We are an equal opportunity employer and we are opposed to discrimination on any grounds.

Overall purpose of role

The FG&C AVP provides assistance to the senior management in defining the control objectives and monitoring compliance efforts. The FG&C AVP will perform the test of design effectiveness as well operating effectiveness of the internal controls impacting financial reporting, facilitate the remediation of control gaps, and escalate possible critical issues to the senior management of the company. The FG&C AVP identifies areas of potential improvement for key processes and procedures and supports the management of the related processes and procedures. The individual will evaluate the review and analyze data pertaining to information systems functions relative to Sarbanes-Oxley and Federal Deposit Insurance Corporation Improvement Act of 1991 compliance.

Key Accountabilities

  • Manage the assigned SOx and FDICIA Design Effectiveness Assessment (DEA) process, which includes oversight of the scheduling and conduct of walkthrough meetings with control owners and challenge of the design of existing controls.
  • Manage the assigned SOx and FDICIA Operating Effectiveness Testing (OET) process, which includes oversight of the selection of appropriate samples and review of testing procedures in line with the Barclays SOx Methodology.
  • Reporting and communication of SOx or FDICIA findings to the FG&C manager and control owners.
  • Review of issue remediation documentation.
  • Provide training and guidance on the SOx process to control owners.
  • Provide regular reporting and feedback to the management team and external auditors.

Stakeholder Management and Leadership

  • This role requires regular interaction with control owners across the Finance, Operations and Technology departments.
  • The individual is expected to be able to clearly articulate and effectively present.

Decision-making and Problem Solving

  • The role requires the ability to assess control issues and form an opinion on the impact of identified control weaknesses.
  • The individual will be required to assess issues to determine the potential impact of an associated error on the financial statements and determine appropriate escalation at the local, business or Group level, as appropriate.

Risk and Control Objective

Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.