Internal Control Officer; Special Assistant, NS

Overview

Duties Description The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business. Through engagement, data-driven regulation and policy, and operational excellence, the Department and its employees are responsible for empowering consumers and protecting them from financial harm; ensuring the health of the entities we regulate; driving economic growth in New York through responsible innovation;

and preserving the stability of the global financial system.

Description The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business. Through engagement, data-driven regulation and policy, and operational excellence, the Department and its employees are responsible for empowering consumers and protecting them from financial harm; ensuring the health of the entities we regulate; driving economic growth in New York through responsible innovation;

and preserving the stability of the global financial system.

The Department of Financial Services is seeking candidates for the position of Internal Control Officer in Risk Management. Duties include, but are not limited to, the following:

• Serves as the Internal Control Officer (ICO) for the Department;
• Develops positive working relationships with key process owners, leadership, and other stakeholders to build awareness about the importance of implementing a strong internal control environment;
• Establishes and maintains a system of internal control and a program of internal control review that complies with all requirements of the NYS Internal Control Act and related internal control standards (COSO, GAO, IIA), as well as any related legislative, executive, and DFS administrative mandates;
• Develops and implements trainings, reference materials and other educational offerings for DFS staff and managers to help communicate agency policies and procedures related to risk and control concepts;
• Prepares annual certifications for various control agencies (DOB, OSC, and SFS);
• Provides consultative support to agency managers to assist them in meeting their internal control requirements;
• Identifies and monitors internal control weaknesses and implements effective solutions, as appropriate;
• Facilitates the agency’s process for drafting, reviewing and approval of policies, standards, and guidelines;
• Represents the agency on internal control matters with external organizations, such as the NYS Internal Control Association (NYSICA) and the Institute of Internal Auditors (IIA);
• Fosters collaborative partnerships with Internal Control Officers from other NYS agencies in order to stay abreast of new and emerging internal control techniques and best practices that could be implemented at the DFS;
• Collaborates with the agency’s Internal Audit Department to identify and mitigate agency risk; and
• Prepares reports and delivers presentations to managers and other staff on the results of internal control assessments, provides recommendations for remediation and operational improvements and provides periodic progress updates.

Minimum Qualifications

• At least 11 years of relevant accounting, auditing and/or internal controls experience that demonstrates an increasing level of complexity and responsibility. Two years of this experience must have been at the managerial level.
• Substitutions:
  Associate degree may substitute for two years of specialized experience; bachelor's degree may substitute for four years of specialized experience; master's degree may substitute for five years of specialized experience; J.D. may substitute for six years of specialized experience;
  Ph.D. may substitute for seven years of specialized experience
• Experience designing, testing and implementing internal controls, and reviewing business processes.
• Working knowledge of the Standards for Internal Control in NYS Government and the NYS Internal Control Act.
• Experience in the application of internal controls and/or risk management principles; the implementation or maintenance of an enterprise risk management or internal controls program; application of a compliance or audit program; evaluating operational risk, continuous improvement, quality control management, or reviewing enterprise-wide exposure; or related field.
• Extensive knowledge of agency operations and relevant legislative and regulatory environments.
• Excellent presentation skills and verbal and written communication skills, including the ability to explain complex issues simply.
• Ability to build and maintain productive and collaborative relationships with staff at all levels of an organization.
• Organized and proactive with the ability to self-manage competing priorities and tight deadlines.
• Availability for periodic travel within NYS, to be discussed at time of interview.
• Prior work experience in NYS government in an audit or internal control…