SOX Financial Controls Lead

Support.com; Detroit (MI); On-site; USD 80,000 - 100,000; Full time

Job summary

An established industry player is seeking a SOX Financial Controls Lead to ensure compliance with the Sarbanes-Oxley Act. This pivotal role involves partnering with business process owners to document and evaluate internal controls, manage a team of testers, and prepare reports for senior management. You will be instrumental in enhancing the internal control environment through effective risk assessment and control testing. Join a dynamic team focused on continual improvement and compliance, where your expertise will contribute to the organization’s success and integrity.

Qualifications

• Experience in SOX compliance and internal controls.
• Strong understanding of risk assessment and control testing.

Responsibilities

• Document significant processes and ensure accuracy of COSO documentation.
• Manage control testers and ensure quality standards are met.

Skills

SOX Compliance

Risk Assessment

Control Testing

Process Documentation

Education

Bachelor's Degree in Finance or Accounting

Certification in Internal Controls or Audit

Tools

COSO Framework

Microsoft Office Suite

Job description

Description SOX Financial Controls Lead
The Enterprise Controls & Governance Group is responsible for Comerica's compliance with the provisions of Section 404 of The Sarbanes-Oxley Act of 2002 ("SOX"), and ultimately, providing certification that our internal control environment is operating effectively. The group reports administratively to the Chief Accounting Officer and works closely with key stakeholders across business units, corporate functions, technology, and the second and third lines of defense.
Position Responsibilities:

• Partner with Business Process Owners/Control Owners to document significant in-scope processes (both process narratives and process flow diagrams).
• Perform walkthroughs of significant processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls.
• Assists with the SOX scoping, identification of risks and controls, and the preparation of test plans.
• Review operating effectiveness testing for key controls and business processes.
• Assists process owners with the remediation of key control failures and evaluate root causes for the failure to improve the internal control environment.
• Manage team of control testers (internal and outsourced) ensuring quality documentation and testing standards.
• Independently document, evaluate, and communicate the results and conclusions of work performed in accordance with workpaper documentation standards.
• Support preparation of reports to Senior Management on the status of the program.
• Assist with facilitating group wide training to interested and impacted stakeholders to ensure compliance with the SOX program office policies/procedures and regulatory standards.
• Act as a change agent for continual improvement of the internal control environment.
• Assist in the review and improvement of SOX Program methodology and practices, including maintenance of policies and procedures.