Recruiting for a senior operational risk role within a large Investment bank based in the city. This will be managing the financial reporting control function.
Section 2 - Purpose of Job
1) The primary purpose is to set the standards and framework to establish, maintain, promote and improve the Bank's internal control framework over financial reporting to ensure compliance with COSO 2013, an internationally recognised control framework. It is used by SEC registered organisations to comply with Sarbanes Oxley Act in the US. Although the Bank is not SEC registered, it chose to comply voluntarily with the spirit of COSO 2013. The result is to ensure the Bank can assert in its financial statements that internal controls over financial reporting are designed and operating effectively. This is reviewed and attested to by the external auditors.
2) Key components of the role include governance of the process, day-to-day management practices such as the identification and analysis of key financial statement related risks, liaison with the business owners of those risks to ensure controls are identified and appropriately designed and tested. To review and challenge deficiencies such as control issues or financial statement control related incidents and issues, to provide oversight and advice on mitigation and remediation measures.
3) In addition, to participate in projects to help the team and business identify key internal controls that need to be included in this internal control framework.
Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.