Internal Controls & Risk Officer (Seattle or Boise)
Full Time
Seattle, WA 98101
From $90,000 a year
Posted
Job description
Job Summary:
ESSENTIAL DUTIES AND RESPONSIBILITES include the following. Other duties may be assigned:
Experience:
The Internal Controls and Risk Officer’s primary responsibility it to provide technical expertise and leadership in support of the Bank's internal controls and enterprise risk assessments. This position is accountable for ensuring that internal controls are well-documented, appropriate, and compliant with applicable standards and regularly tested. Additionally, this position facilitates enterprise-wide risk assessments to identify opportunities for business process and control improvement. Along with the key functions listed below, each position will be expected to uphold the value that WaFd Bank places on
simply being nice when servicing our co-workers and WF clients.
ESSENTIAL DUTIES AND RESPONSIBILITES include the following. Other duties may be assigned:
- Implement, direct and oversee the effectiveness of the internal control process. Conduct and direct ongoing reviews of the process controls with business process owners to establish shared accountability and build knowledge and understanding of risk and controls.
- Plan, coordinate, and execute the Bank’s annual/ongoing SOX 404 compliance internal control assessment project. Evaluate the design of internal control activities, maintain and update key controls, ensure SOX documentation reflects a high level of quality.
- Conduct assessments of key accounts, financial reporting processes and information systems to determine the scope, methodology, materiality assessment, and conclusions of internal controls, ensuring adequate coverage. Identify and document operational and control related deficiencies. Work with business owners to identify and implement solutions.
- Coordinate the control testing with Internal Audit and support the timely execution of the testing.
- Coordinate and facilitate the annual external audit of the Bank’s SOX 404 internal control assessment with the Bank’s independent auditors and regulators.
- Develop/maintain working knowledge of laws and industry guidance for establishing, maintaining, and reporting on internal controls.
- Communication with the Board of Directors Audit Committee about internal controls, programs and any issues, including deficiencies and remediation plans. Prepare management’s quarterly/annual assessment of the effectiveness of internal controls over financial reports for senior management review and approval.
- Assist business departments in identifying, evaluating, and monitoring risks across all departments and business functions.
- Participate in enterprise-wide risk assessments and identify opportunities for business process and control improvement.
- participate in risk assessment and control evaluation of new products and processes to identify new risks and opportunities.
- Gather risk-related data from internal or external resources.
Education/Skills/Training:
- Bachelor's degree (or equivalent) with a concentration in Accounting and/or Finance.
- In-depth knowledge of applicable regulatory requirements of banks and their application to business processes and procedures.
- Attention to detail and strong organizational skills; good communication skills.
- Ability to work in a large corporate environment, demonstrating a history of being effective in a complex organization.
- Ability to manage multiple projects and timelines; the ability to work well with all levels of management.
- Computer proficiency with basic business applications is required.
- Strong written and verbal communication skills.
Experience:
- Minimum 5 years’ financial institution experience in audit or internal controls.
- Experience in a risk focus capacity (risk management, audit, examination, regulatory compliance) or related field strongly preferred
- SOX 404 project experience preferred.
- Project management experience preferred. Ability to manage a long project timeline into achievable interim goals.
Location:
- Seattle HQ or Boise HQ preferred.
At WaFd Bank you get all of these great benefits!
- Paid time off for vacation, sick days and holidays
- Health insurance
- Stock options
- Bonus programs
- Generous 7% 401(k) employer matching*
- Paid Parental Leave
- Life and AD&D insurance
- Long-term disability
- Tuition Reimbursement
- Employee assistance programs
- Pre-tax health and dependent-care spending plans
WaFd Bank Benefits Summary - Click here for more information
EEO Statement:
EEO is The Law - click here for more information
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
We are committed to Equal Employment Opportunity and Affirmative Action. We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, age, veteran status, disability, genetic information, or any other protected characteristic. WaFd Bank is committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA). If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at 800.324.9375.
Know Your Rights: Workplace Discrimination is Illegal - click here for more information
Pay Transparency Nondiscrimination Provision - click here for more information
WaFd Bank Benefits Summary - click here for more information
Min: USD $90,000.00/Yr. Max: USD $135,000.00/Yr.
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