Assistant Manager, SOX Controls

Location: VA Vienna - Headquarters Full/Part Time: Full-Time Regular/Temporary: Regular

Job Description


You have goals, dreams, hobbies and things you’re passionate about.

What’s Important to You Is Important to Us
We’re looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen.

Don’t take our word for it.

• Military Times 2021 Best for Vets Employers
• WayUp Top 100 Internship Programs
• Forbes® 2022 The Best Employers for New Grads
• Forbes® America's Best Employers
• Newsweek Top 100 Most Loved Workplaces
Fortune Best Workplaces for Women
Fortune 100 Best Companies to Work For®
• Computerworld® Best Places to Work in IT

Basic Purpose

To assist in the management of a branch of the Internal Risk and Controls (IRC) group and ensure its operation is consistent with the IRC effort to maintain and evolve a comprehensive and Sarbanes Oxley Act (SOX) compatible control environment. Assist in the leadership of a team of audit specialists, control experts (as defined by SOX Section 407), and technology subject matter experts to research and establish best practices that align with Sections 302 and 404 of SOX. Manage team members during preparation for integrated audits as well as managing those teams during the creation of audit responses. Work strategically with leaders across the credit union to deploy preventative, detective, and corrective controls that mitigate the risk of financial misstatement by virtue of control-centric processes and technology. Assist in leading initiatives related to Internal Control over Financial Reporting (ICFR) with the objective of producing evidence of operational and design effectiveness. To analyze Corporate Accounting business needs to develop and implement internal control solutions that leverage systems and processes with a broad degree of latitude. 


• Assist in managing the review of relevant guidance (e.g., ASC 606 Revenue Recognition, ASC 310-40 Impairment Calculations, ASC 360 Capitalized Labor, etc.) for the purpose of distilling the associated SOX controls that will serve as the foundation of future control-related current state and future state analyses/optimizations 
• Manage ICFR-related processes necessary to collaborate with leaders from various departments across the organization to evaluate compliance with Navy Federal Instruction 2039 with regard to the evaluation of SSAE 18 SOC I Type II User Control Considerations (UCCs) and the associated planning for internal and external auditor responses 
• Assist in managing the review of emerging control guidance and technologies and recommend solutions
• Assist in managing activities related to the COSO Framework’s Entity, Risk, Activity, Information/Communication, and Monitoring levels of control and aligns related controls with executive-level strategies (e.g., Credit Policy and Analytics, Financial Risk Management, etc.) Broad Latitude
• Assist in the development of IRC branch-specific vision for the transition toward control-based audits and ensure continued support for substantive audits when necessary Oversee/Direct
• Manage activities that advance IRC and business use of Governance Risk and Compliance (GRC) software that establishes workflow around control team activity, audit deliverable creation/acquisition, and executive management approval processes Most Complex/Unusual
• Assist in leading feasibility initiatives designed to determine the applicability of technology to existing control practices (e.g., cognitive technologies for meta-controls, Robotics Process Automation (RPA), etc.) Manages Staff &/or Supervisors
• Identify business control requirements (e.g. needs, objectives, functions, features, input and output)
• Develop, recommend and document adjustments to workflows to enhance control processes  Broad Latitude
• Lead efforts to operationalize General Ledger technologies (e.g., Accounting Rules Engines [ARE], Data Integration [DI], and Data Storage Hubs[ DSH], etc.) and their associated impact on accounting personnel using stakeholder and pain point analyses. Evaluate operational controls efficiency and effectiveness.   Most Complex/Unusual
• Collaborate with leadership on various governance initiatives (e.g., controls governance, data governance, change management governance etc.) as they relate to management’s valuation, presentation and disclosure, rights and obligations, existence, and completeness assertions Lead/Direct
• Contribute to various steering committees and panels that set direction for the purpose of evangelizing a SOX compatible mindset that seeks to increase the consideration of controls as a forethought and reduce those instances when controls are considered as an afterthought Broad Scope
• Participate in ongoing inter-departmental Controls Committee meetings to facilitate comprehensive and enterprise-wide leadership participation in the preparation for financial statement and Information Technology General Computer (ITGC) audits Most Complex/Unusual
• Assist in leading multi-disciplinary control initiatives at the right level of detail and scope to assess the effectiveness of business and technological controls and ultimately transform any control gaps into mature control environments Most Complex/Unusual
• Analyze controls information, requirements, data, processes, control specific practices, control standards and metrics/statistics  Complex Analysis
• Supervise efforts that assess the operational performance of existing controls and devise remediation strategies that align control performance with the appropriate risk mitigation methodology Considerable Latitude
• Participate in the review of existing control policies, process narratives, and process models to develop optimization strategies and the associated current state, future state, and gap analysis planning artifacts Advanced Analysis
• Collaborate with key partners in development and delivery of tested, approved control solutions  
• Present control conclusions and recommendations / alternatives to management, coordinating integration of solutions with existing processes and applications  
• Build and maintain partnerships with external and internal auditors to negotiate audit objectives and audit scope based upon previously developed risk-based strategies for audit execution Lead
• Manage efforts to establish executive-level views of control related activities and performance via the use of executive dashboards and other interfaces intended to summarize real-time control information for executive consumption and ongoing monitoring purposes Considerable Impact
• Lead project teams to properly identify, resolve and document highly technical and complex preventative, detective, or corrective control problems/solutions associated with audit findings and/or remediation of control deficiencies, mitigating future exposure Lead
• Perform supervisory/managerial responsibilities
 •Ensure adequate/skilled staffing; select employees
 • Establish performance goals and priorities
 • Prepare, conduct and review performance appraisals
 • Lead, develop, guide, mentor and counsel staff
 • Provide input and/or prepare budget requirements for Annual Financial Plan (AFP)
 • Ensure section/branch goals and objectives align with division/department strategy
 • Ensure efficiency of operations
 • Leadership Level – Manage daily activities, assist in executive briefings and assist in development of program plan
• Perform other related duties as assigned                                                                                                                            

Qualifications and Education Requirements

• Bachelor’s degree in Accounting, Finance, or related field, or the equivalent combination of experience, education and training
• Advanced knowledge of SOX Section 404 or GAAP principles, financial statement preparation, and internal accounting controls
• Significant experience leading implementation initiatives 
• Significant experience redesigning processes and partnering with business unit personnel to complete the transformation
• Extensive experience in problem resolution including determining root cause, scope and scale of issues related to control-specific technologies and GL modules
• Significant experience in the analysis of financial transactions, related processes and key controls around data supporting general ledger entries
• Significant experience directing large project efforts from a controls and information systems perspective
• Ability to effectively interpret and remediate findings from internal and/or auditors and regulators
• Effective skill recruiting, retaining, coaching and motivating employees to achieve production results
• Advanced skill to influence, negotiate, and persuade to reach agreeable exchange and positive outcomes
• Advanced skill presenting to stakeholders & management
• Experience working with all levels of staff, management, stakeholders, vendors

Desired Qualifications and Education Requirements

• Master’s Degree in Finance, Accounting or Business Administration or a related field, or the equivalent combination of training, education and experience
• Certified Public Accountant (CPA) designation
• Certified Internal Auditor (CIA) designation
• Project Management Professional (PMP) certification
• Information Technology Infrastructure Library (ITIL) certification
• Experience in public or private accounting applying complex accounting treatments
• Experience applying enterprise, business, and/or information architecture principles
• Experience in leading, guiding and coaching professional staff
• Thorough knowledge of Navy Federal policies, products, and services, and familiarity with internal operations, systems, and functions

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 820 Follin Lane, Vienna, VA 22180 

Navy Federal is now hybrid! Our standard enterprise requirement for a hybrid schedule is to report on-site 4-16 days each month. The number of days reporting on-site will ultimately be determined by the employee's leadership and business unit needs. You will learn more throughout the hiring and on boarding process.

Salary Range: $104,500 - $146,300 annually

Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position.

Posting End Date: 04/15/23

Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume.


Equal Employment Opportunity

Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability


Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position.

Bank Secrecy Act

Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.