Internal Control Analyst - Division of Financial Management - R024082

Minimum Education

Bachelor's degree or equivalent experience

Minimum Experience

3

Summary

The Compliance and Internal Control Analyst is knowledgeable of compliance, risk, and control processes and frameworks, including the COSO frameworks. Supports the coordination and maintenance of the Board's compliance, risk, and control programs. Assists with compliance, risk and control related project management tasks, including predicting next steps in the project. Conducts research and data analysis on project and program relevant topics. Works effectively with the team, and able to work independently with appropriate direction and guidance.

Duties and Responsibilities
     * Demonstrates knowledge of business processes and related risks and other technical areas, such as information technology, accounting, human resources, or other business objectives and risks.
     * Actively participates in and sometimes facilitates process review sessions and prepares documents used for process and control analysis, including process flow descriptions, diagrams, tables, and matrices.
     * Assists with project maintenance, tracking, and reporting using the appropriate project management methodology. Project maintenance tasks may include scheduling meetings and assisting with developing/maintaining project schedules and status reports for senior management. Understands the reason for the project and consulting tasks to be performed and anticipates the next steps without prompting. Demonstrates effective time and task management over multiple projects, takes ownership of assignments and projects, and accepts responsibility for team results.
     * Reviews the identification of areas of risk, potential technical problems, and opportunities to improve the efficiency and effectiveness of overall business processes to learn how to perform this identification.
     * Obtains accurate data and performs thorough analysis identifying implications of the analysis across functions and divisions.
     * Reviews documents for appropriateness of format and consistency of content. Edits documents in accordance with the Board's editorial standards and informs senior staff of modifications made. Devises approaches to the presentation of material, text, tables, and charts to best convey the information to the reader.
     * Facilitates teamwork by contributing to team efforts, sharing responsibility for team results, and exhibiting a positive attitude. Begins leading project teams by building effective team relationships and developing and maintaining effective team performance.

Requires a bachelor’s degree in economics, finance, accounting, business, operations analysis, or management information systems or equivalent experience, and at least three years of experience in auditing, consulting, or related field which included business process analysis and presentation and understanding of general IT practices. CPA, CIA, or other relevant professional certification desired. Understands of business processes and related risks and other technical areas, such as information technology, accounting, human resources, or other business objectives and risks. Must have excellent research skills. Must have demonstrated knowledge of analytical techniques for organizational behavioral and general data analysis. Must have basic knowledge and understanding of the COSO frameworks and some experience with its application. Must be knowledgeable of compliance, risk, and controls and have experience documenting processes and developing tests of internal controls.
Requires ability to identify gaps between risks and controls. Experience in independently managing work assignments and project responsibilities. Requires a strong customer service philosophy, attention to detail, quality orientation, creativity, and commitment to teamwork.  Requires ability to engage in cross-functional activities and to readily readjust priorities to accommodate client demands.  Understands the reason for the project and consulting tasks to be performed and anticipates the next steps without prompting. Requires proficiency with flow charting methodologies, software, and symbols for developing process flow diagrams, and basic software tools, such as Microsoft Word, Microsoft Excel, and Microsoft PowerPoint.  Knowledge of information systems for business processes is desired.  Learns the internal control and auditing standards, such as AICPA’s Generally Accepted Auditing Standards (GAAS), GAO’s Generally Accepted Government Auditing Standards (GAGAS),
PCAOB’s Auditing Standards (AS), and/or IIA’s International Professional Practices Framework (IPPF).

FR-25 requires meeting the requirements of the preceding grade in addition to at least four years of specialized experience in auditing, consulting, or related field which included business process analysis and presentation, and understanding of general IT practices. CPA, CIA, or other relevant professional certification desired. Demonstrates knowledge of business processes and related risks, general IT risks and controls, and other technical areas, such as accounting, human resources, or other business areas. Must have excellent research skills and experience researching compliance, risk, and control matters. Demonstrated high-degree of knowledge of and some experience applying analytical techniques in both organizational behavioral and general data analysis. A detailed understanding of the COSO frameworks and experience with its application is required. Knowledge of other quality/control frameworks is desirable. Must be very knowledgeable of compliance, risk, and controls
and have experience documenting processes and developing tests of internal controls.  Working knowledge in assessing risk and management controls and identifying inefficiencies in operations.  Experience with implementing/evaluating controls related to Sarbanes-Oxley legislation is desired. Knowledge of and ability to use principles, methods, techniques, and systems of project management to improve program effectiveness and customer service.  Excellent planning and organizational skills required.  A demonstrable commitment to strong customer service, attention to detail, quality orientation, creativity, and teamwork.  Requires proficiency with flow charting methodologies, software, and symbols for developing process flow diagrams, and basic software tools, such as Microsoft Word, Microsoft Excel, and Microsoft PowerPoint.  Knowledge of Microsoft Access and other software tools is desirable. Working knowledge of financial and human resources policies, procedures, and
applications (PeopleSoft and Oracle Financials preferred). Familiarity with automation systems and ability to analyze their effects and interactions with business processes. Learns the internal control and auditing standards, such as AICPA’s Generally Accepted Auditing Standards (GAAS), GAO’s Generally Accepted Government Auditing Standards (GAGAS), PCAOB’s Auditing Standards (AS), and/or IIA’s International Professional Practices Framework (IPPF).

Assists with the preparation of internal control, procedural, and technical processes that require predicting the interrelationships among multiple organizations. Work is expected to support senior staff in adding value to division processes and meeting unit goals and objectives.

Typical communications are with senior unit staff, individual clients throughout the Board, and technical working groups. Communications are mostly as part of a project team and directed by a project lead. Must possess the ability to communicate business processes and technical information to all levels of staff. Requires excellent oral and written communication skills, solid presentation skills, basic facilitation skills, and knowledge of the Board’s documentation standards. Must possess interviewing skills to obtain and translate information into narratives and flowcharts. Must have strong interpersonal skills.

Lean six sigma certification is preferred.

This position is hybrid, combining telework and an in office presence in the Washington, DC office. This position is not eligible for long distance telework.