Risk Analyst; Sox; Enterprise Risk Management - Firstbank Pr

At
First Bank PR
, we strive to be trusted advisors to our clients, and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client’s expectations.

Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, First Bank is the number one place for you.

The Risk Analyst (SOX) supports the Corporation’s compliance with Sections 302 and 404 of the Sarbanes-Oxley Act through the execution of assigned activities within the SOX Assessment Program. The role includes documenting and evaluating internal controls over financial reporting (“ICFR”); performing walkthroughs and maintaining process narratives, flowcharts, and Risk and Control Matrices (“RCMs”); supporting financial statement scoping, control design assessments, and deficiency evaluations;

monitoring remediation activities; assessing the impact of business process, system, and control changes on financial reporting and ICFR; and coordinating documentation and information requests with business areas, Management, and external auditors. The position is accountable for delivering accurate, complete, well-supported, and timely work in accordance with the COSO framework, the Corporation’s established SOX methodology, and applicable governance and reporting requirements.

• Documents the understanding of business processes, related risks, internal controls, and supporting systems through the preparation and maintenance of process narratives, flowcharts, and Risk and Control Matrices (RCMs), in accordance with established SOX methodology and documentation standards.
• Performs walkthroughs of in-scope business processes and related internal controls through inquiry, review of process documentation, and examination of supporting evidence to validate and document the understanding of the process and control environment.
• Prepares and maintains process narratives, flowcharts, and Risk and Control Matrices (“RCMs”) documenting relevant business processes, financial reporting risks, internal controls, and supporting systems in accordance with established SOX methodology and documentation standards.
• Applies analytical skills and professional judgment to evaluate relevant business processes, financial reporting risks, control objectives, control activities, systems, reports, and supporting evidence; identifies gaps, inconsistencies, unsupported conclusions, and matters requiring clarification; and determines whether the documented understanding is sufficiently comprehensive and reasonable to support control design evaluations and related SOX assessment activities.
• Applies the COSO Internal Control Integrated Framework to support the evaluation of the design of internal controls over financial reporting and related business processes within the scope of the SOX Program.
• Applies financial accounting concepts and analytical procedures to evaluate significant or unusual fluctuations in scoped financial statement line-items, document the underlying drivers and supporting analyses, and identify matters that may warrant consideration in the SOX financial scoping and risk assessment processes.
• Supports the Corporate Risk Manager in SOX materiality assessments, financial statement line-item scoping, and quarterly reassessments through the preparation of supporting analyses and related documentation.
• Executes and monitors…