Job Title:                   Internal Control Officer – USA

 

Industry:                    Banking

 

Location:                      New York, USA

FLSA Status:              Exempt

Salary:                        $90K-$110K

 

Job Purpose: 

The Internal Control Officer reports to the Head Internal Control and is responsible for the safety and soundness of the internal control environment.

 

Responsibilities:

Protects the integrity of the Branch by ensuring that it operates in accordance with legal and regulatory requirements, abides by the Branch’s Code of Conduct, and promotes compliance in the way business is conducted. Assists in the preparation of a Branch Risk assessment and annual Internal Control Review Plan. Conducts timely periodic reviews as set forth in the annual Internal Control Plan; identifies delays in review, if any; ensures effectiveness of such reviews; and ensures corrective action is taken as needed. Prepares and presents reports regarding Internal Control Reviews in a timely and accurate manner; ensures the Internal Control Department meets regulatory requirements at all times. Ensure reports for all reviews conducted are prepared detailing outcome of the reviews with appropriate root cause and recommendations to avoid repeat of the identified exceptions. Ensure all reviews conducted are documented with detailed work-papers itemizing and evidencing how the conclusions and recommendations from the reviews arrived at. Coordinates reconciliation and/or liquidation of General Ledger items within established transit times. Identifies and reports potential risk exposures within Branch operations and recommends mitigating controls to prevent or minimize such potential exposures.   Administering and monitoring access to branch systems and applications to detect and/or prevent, and report unauthorized access. Attend any ad hoc tasks assigned by Head Internal Control and Deputy Head Internal Control. Related duties as assigned.

Specific duties and responsibilities may vary based upon departmental and Branch needs.  Other duties may be assigned similar to the above consistent with the knowledge, skills and abilities required for the position.

 

Minimum Qualifications:

Minimum 5 years’ experience in Audit or Internal Controls In-depth knowledge of applicable regulatory requirements of banks and their application to business processes and procedures   Bachelor’s degree (or equivalent) with a concentration in accounting and/or FinanceStrong oral and written communication skills