Lead Internal Controls Analyst

Transamerica; Maryland; Hybrid; USD 103,000 - 125,000; Full time

Job summary

Transamerica is seeking a Lead Internal Controls Analyst to support the day-to-day execution of the Business Controls program in the first line of defense across locations including Baltimore, Denver, and Cedar Rapids. You will test controls for SOX and operational reviews, assist external auditors, and help design improvements.

Hybrid schedule: in office Tue-Thu. Qualified candidates will have a bachelor’s degree in accounting, seven years in internal controls or risk management, and preferably

Qualifications

• Seven years of experience in internal controls, audit or risk management in financial services.
• Ability to document and verbally communicate financial processes clearly.
• Experience with Sarbanes-Oxley controls is preferred.

Responsibilities

• Perform testing and review of controls in the first line of defense.
• Facilitate external audits (SOC) by providing evidence and answering questions.
• Identify control gaps and opportunities for improvement and recommend enhancements.
• Collaborate with management to develop action plans and monitor remediation of deficiencies.

Skills

Internal controls

Audit

Risk management

SOX testing

Education

Bachelors degree in accounting or relevant field

Job description

## Lead Internal Controls AnalystApply: Baltimore, Maryland: Denver, Colorado: Cedar Rapids, Iowa: Full time: Posted Yesterday: R20062834**Job Family**Business Control & Financial Planning**About Us**At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.**Who We Are**We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.**What We Do**Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.\\* For more information, visit transamerica.com.**Job Description Summary**Responsible for supporting the day-to-day execution of the Transamerica Business Controls program within the first line of defense. Testing controls to determine if they are designed and operating in a manner that achieves the company’s regulatory and risk management objectives in support of both SOX and Operationally focused reviews. Supporting our external auditors by collecting and reviewing requested evidence. Assisting in the design and enhancement of controls in response to actual and conceptual risk events.**Job Description****Responsibilities*** Perform testing, and in some cases review the testing of others, in support of first line of defense control evaluate program and Transamerica SOX program.* Facilitate external audits (e.g. SOC) by pulling populations and support, and answering questions form external auditors* Support process reviews to identify risks, controls, control gaps, and control enhancement opportunities.* Evaluate the design of internal controls and make recommendations for improvement.* Identify control gaps and opportunities for control enhancement in response to actual and conceptual risks identified* As appropriate, partner and liaise with external auditors to plan and implement an assessment of the control environment, coordination of timing and execution of process walkthroughs, and a process for timely sharing of potential issues for resolution with respect to internal controls.* Build and maintain relationships with stakeholders, keeping them informed of testing progress and findings.* Collaborate with business management in development of action plans to assess the adequacy of action taken by management to correct reporting deficient conditions, accepting adequate corrective action and continuing reviews with appropriate management on action considered inadequate until satisfactory resolution.* Support the tracking of control deficiencies and perform validation and closure of control issues.* Conduct control walk throughs and help identify and understand impacts of applicable risks and related controls as part of risk assessment programs.* Assist the business in understanding the control implications resulting from changes to people, process, technology.* Provide support for special projects and initiatives* Document process flows, with a focus on internal controls.**Qualifications*** Bachelor’s degree in accounting or relevant field, or equivalent work experience.* Seven years of experience in internal controls, audit or risk management within the financial services industry.* In-depth experience working on internal audits and/or operational risk assessments.* Ability to document and verbally communicate financial reporting processes in a clear and concise manner, including assessment of design and operating effectiveness of controls.* Communication skills to educate/raise awareness of foundational elements/methodologies needed to support an internal control framework.**Preferred Qualifications*** CPA* Big 4 public accounting experience working with controls within the Sarbanes-Oxley environment.**Working Conditions*** Hybrid (In Office; Tuesdays, Wednesdays, Thursdays) The Salary for this position generally ranges between $103,000 - $125,000 annually. ***Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including***qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.