Company
Federal Reserve Bank of Boston
COSO Internal Controls Senior Analyst
The Bank confirms our internal controls and self-monitoring mechanisms are working properly and being reported accurately by following guidelines established by the Committee of Sponsoring Organizations-commonly referred to as COSO. COSO is a framework for assessing the risks within an organization and ensuring the appropriate internal controls exist to reduce the likelihood of those risks occurring. Its goal is to assure the quality of financial reporting by focusing on internal controls.
The COSO Internal Controls Senior Analyst works closely with the Bank's departments and businesses lines to obtain an independent view of financial reporting risks to ensure complete and accurate financial statements. Primary responsibilities of the position are to provide assessment and oversight of the Bank's COSO program, primarily through evaluation of the Bank's financial reporting key controls and alignment with the COSO internal controls framework. As a critical member of the Bank's second line of defense risk management function, you will join the financial management team at the Bank and will report to the COSO Director.
Principal Accountabilities:

• Evaluate governance and risks and determine the effectiveness of controls regarding the reliability and integrity of financial information, the effectiveness of the control environment and controls, safeguarding of assets and compliance with applicable rules and regulations.
• Support and oversee the COSO audit program in accordance with established policies and standards.
• Develop new or revise existing audit programs (as necessary), performing research and assessing the documentation and testing of key controls, prepare clear and concise test work that document the audit tests performed and the conclusions drawn.
• Review, verify and analyze transactions, records, reports and procedures for accuracy and effectiveness.
• Participate in reviews of business units' COSO documentation, testing and remediation work. Assist in the evaluation of a business's risk events and audit findings as it may relate to their internal control assessments.
• Identify and assess the impact of exceptions, make appropriate recommendations, and provide reports to business management documenting the findings based on testing.
• Ensure that issues and control gaps are brought to the attention of management and resolved.
• Contribute to department management's leadership and participation in Bank or System meetings, or workgroups, pertaining to topics relevant to COSO, by conducting research, providing information, and preparing formal reports and recommendations for multiple levels of audiences.
• Maintain effective communication and coordination between the department, other Bank departments, other Reserve Banks, the Board of Governors, and/or other external customers.
• Support, and evolve the Bank's Governance, Risk & Compliance (GRC) tool for the COSO program.

Other Accountabilities:
Perform other duties as assigned.
Supervision:

• You will not directly supervise employees, but will lead assessments and projects.

You will have:

• Bachelor's degree required preferably in accounting or finance.
• Master's degree in accounting, business, finance and/or CISA, CISA, CPA or CFA, or other strong industry experience a plus.
• Minimum of 5 years related work experience with financial reporting or audit/compliance, preferably in public accounting or financial services.
• Experience assessing the adequacy of the internal control environments through the identification of inherent risks in the business and key controls designed to mitigate those risks.
• Strong knowledge and application of SOX, COSO 2013 and financial controls, including identification and mitigation of risks.
• Strong customer service orientation with excellent communication and interpersonal skills with the ability to interface at all levels.

Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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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