AS5/SOX Business Analyst

Federal Reserve System; Minneapolis (MN); On-site; USD 82,000 - 103,000; Full time

Benefits offered by this job

Healthcare options

Pension plan

Paid time off

Public transportation passes

Educational assistance

On-site fitness facility

Job summary

Federal Reserve Bank of Minneapolis is seeking a Business Analyst for the AS5/COSO/SOX function to partner with bank lines in assessing internal controls and coordinating testing across divisions.

The role requires on-site work and does not sponsor visas. Primary duties include evaluating ICFR design, performing control testing, and preparing workpapers and reports for leadership review.

Qualifications

• Bachelor's degree and minimum five years of analytical and/or project management experience to include assessing internal controls.
• Strong communication and presentation skills to diverse business lines and staff.
• Experience in communicating and presenting recommendations to various business lines and multiple levels of staff.

Responsibilities

• Understand division processes, risks, and internal controls.
• Evaluate the effectiveness of ICFR by conducting testing of department identified internal key controls.
• Follow AS 5 guidance on testing and documenting work.
• Prepare and submit testing workpapers for approval while meeting key deadlines in the AS 5 testing cycle.
• Assist or lead in preparing reports, developing presentations and providing training.
• Interact with various levels of department staff and management as appropriate.

Skills

Analytical skills

Project management

Communication

Time management

Team player

Attention to detail

Microsoft Office

CPA/CISA desirable

Education

Bachelor’s degree in Business Administration, Accounting, Finance, or related field

Tools

Microsoft Office (Word, Excel, PowerPoint)

Job description

Company

Federal Reserve Bank of Minneapolis

The Federal Reserve Bank of Minneapolis is seeking a Business Analyst for the Auditing Standard No. 5 (AS5/COSO/SOX) function. The AS 5 team partners with and assists Bank management in assessing the effectiveness of internal controls over financial reporting (ICFR) and facilitates the AS 5 COSO/SOX program for the Bank. The Analyst will interact with management and control performers across Bank divisions.

This position requires a regular on-site presence. This position does not sponsor any type of employment visas.

Applications will be accepted through August 29, 2026.

The AS 5 business analyst’s primary responsibility includes partnering with business lines to assess the design of internal controls and complete key control testing on behalf of division management.

AS 5 responsibilities:

• Understand respective division processes, risks, and internal controls.
• Evaluate the effectiveness of ICFR by conducting testing of department identified internal key controls.
• Follow Federal Reserve System and Ninth District AS 5 guidance on testing and documenting work.
• Prepare and submit testing workpapers for approval while meeting key deadlines in the AS 5 testing cycle.
• Assist or lead in preparing reports, developing presentations and providing training.
• Interact with various levels of department staff and management as appropriate.

Required Qualifications:

• Bachelor’s degree and minimum of five (5) or more years of analytical and/or project management experience to include experience assessing internal controls. An equivalent combination of education and related work experience may be considered.
• Preferred: Coursework in Business Administration, Accounting, Finance, or in a related field.
• Strong critical thinking, able to voice perspectives appropriately while supporting final decisions with professionalism and commitment.
• Experience in communicating and presenting recommendations to various business lines and multiple levels of staff.
• Strong analytical skills, attention to detail, and the ability to learn and apply new concepts quickly.
• Ability to handle multiple priorities simultaneously.
• Excellent team player with the ability to work independently.
• Proficient with Microsoft Office applications (Word, Excel, PowerPoint) and Internet Explorer.
• Certification desirable (e.g., CPA, CIA, or CISA).

Additional Information:

The full salary rangeis for this job profile: Business Analyst III $82,100- $102,675 - $123,200. The expected starting salary range is $82,100- $102,675.

Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401(k) match, and a fully funded pension plan
• Paid time off and holidays
• Free public transportation passes
• Annual educational assistance
• On-site fitness facility
• Professional development programs, training and conferences
• And more.

The Minneapolis Fed is committed to fostering an environment where all employees are respected and valued. We provide equal employment opportunity to all persons, and we work together to pursue an economy that works for all of us.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Operations Family Group

Work Shift

First (United States of America)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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