Manager (BP), SOX PMO

The role:

The Sarbanes-Oxley (SOX) Program Management Office (PMO) at Galileo, rolls up into the Controllership organization and is responsible for ensuring the company has the necessary internal control and assessment elements in place to meet the SOX requirements. The PMO facilitates risk assessment and scoping to determine the project scope of each reporting year. We prepare the internal control assessment plan and accompanying timelines, including scheduling and conducting process walkthroughs for each process with process/control owners. From the walkthroughs, we oversee/execute the updating of control descriptions and process flowcharts. Our team reviews current and prior-year control deficiencies in order to determine the remediation status. Associated with deficiencies, we prepare control deficiency reports and monitor/follow up on remediation efforts. We meet with external auditors as necessary to provide status updates and remediation efforts of ongoing work. The SOX PMO manages the SOC1 audits and associated reporting executed by our service auditors. Additionally, the SOX PMO team partners with the business to provide internal control over financial reporting associated with emerging areas/products, mergers, and acquisitions and conducts SOX Readiness assessments, inclusive of creating the Risk and Control matrices and flowcharts.

The Manager (BP), SOX PMO responsibilities include, but are not limited to, leading the business-related components of SoFi’s Corporate SOX Program, and acting as an advisor to the lines of business across SoFi Technologies and its subsidiaries. SoFi’s fast pace of growth provides career development (e.g., working directly with senior and executive management) and learning opportunities (e.g., new system implementations) considering the role's enterprise-wide exposure. The SOX BP Manager will also actively participate in decision-making related to the program overall.

The SOX Manager (BP) will work closely with lines of business SOX Liaisons to ensure that Internal Controls Over Financial Reporting (ICFR) are appropriately designed and are operating effectively, SOX-compliant control documentation is maintained and any deficiencies identified are assessed for severity, remediated, and reported to the SOX Steering Committee. In addition, the Manager (BP), SOX PMO will be an important stakeholder in implementations related to new systems and new accounting standards while assessing their impact on the company's ICFR.

The Manager (BP), SOX PMO will report to the Senior Manager (BP), SOX PMO, and will work with a mix of direct, indirect, and external team members to manage and execute the program. In addition, the Manager (BP), SOX PMO will be viewed as a resource in special projects related to new system implementations and upgrades while assessing the impact on SOX and ICFR.

What you’ll do: 

• Serve as a Subject Matter Expert on BP SOX controls, COSO compliance, ICFR best practices, and the continuous enhancement of PMO's workflow processes with the expanding rollout of additional SOX system automation functionalities.
• Assist with the completion of the annual SOX scoping and risk assessment (including quarterly refreshes), as well as support the annual Fraud Risk Assessment project, to ensure compliance with COSO standards and appropriate scoping and coverage of the SOX Program.
• Assist with the SOX 404 and 302 Certification process for Business Process areas.
• Seek to continuously improve the SOX program to become more efficient and effective through optimization and automation opportunities.
• Coordinate with the lines of business teams, as related to SOX Business Process (BP) activities, including working closely with the SOX Testing team to facilitate control walkthroughs and testing, and lead deficiency evaluations/reporting and monitor remediation activities.
• Monitor BP SOX testing with the identification and documentation of BP SOX Controls in coordination with the SOX PMO team. Lead efforts with the business to enhance documentation, inclusive of the Risk and Control Matrix and accompanying process flowcharts.
• Assess ICFR deficiencies and monitor BP remediation activities. Conclude on the effectiveness of BP ICFR.
• Work directly with SoFi's external auditors to maximize reliance on the SOX PMO's work and be a key contact for the external auditors related to BP SOX matters.
• Support the preparation and communication of BP-related materials for relevant committees including Audit Committees and SOX Steering Committee.
• Lead coordination efforts with the SOX Testing Team to ensure test workpapers meet the quality, consistency, risk management and adherence to the SOX policies, standards and procedures.
• Assist in recruiting, developing and mentoring of new staff, including career-counseling by sharing information among the SOX Program Management Office team, transferring knowledge and providing instructions/guidance. Foster and maintain group spirit and high team morale.
• Key contributor, management consultant, and internal controls expert in building and maintaining ongoing relationships with the various lines of business included in the company's SOX process through training and other advisory activities.
• Responsibilities also include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance 2) adhering to company policies and procedures, 3) completing required training.

What you’ll need:

• Bachelor's Degree.
• English Fluency and Proficiency.
• 8+ years of SOX-related experience.
• Extensive knowledge in Accounting, Business Process SOX, ICFR, COSO Framework, and baseline understanding of business controls.
• Practical and deep knowledge of US GAAP, SEC Reporting, SOX, and the COSO Framework.
• Driven by Excellence.
• High Integrity - seek open and honest communication, and you hold yourself to very high moral and ethical standards.
• You reject manipulation, dishonesty, and intolerance.
• Critical thinking, analytical, and strategic skills to lead highly complex assignments.
• Ability to independently navigate within an ambiguous environment.
• Organized, detailed, proactive, self-motivated, and collaborative.
• Proven ability to work cross-functionally and adapt to change are extremely important.
• Ability to prioritize workloads and ensure deadlines are consistently met.
• Ability to define deliverables, build budgets and project plans, align resources and specialists for project teams.
• Strong project management skills and organizing ability with successful experience in concurrently managing multiple projects at varying levels of technical difficulty at the same time.
• Strong teamwork and communication skills (both oral and written).

Nice to have:

• Big 4 Accounting Firm experience.
• Prefer FinTech, banking, and/or financial services experience primarily focused on BP SOX  and/or ICFR controls consulting.
• Chartered Accounting (CA), CPA, CIA, or equivalent.

Last updated on Aug 19, 2024