Senior Analyst, BP SOX PMO

The role:

The Sarbanes-Oxley (SOX) Program Management Office (PMO) at SoFi, 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 project scope of each reporting year. We prepare the internal control assessment plan and accompanying timelines, inclusive of 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 SOX Sr Analyst (BP) responsibilities include, but are not limited to, leading the business related components of SoFi’s Corporate SOX Program, 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., work directly with senior and executive management) and learning opportunities (e.g., new system implementations) considering the role's enterprise-wide exposure. The SOX BP Senior Manager will also actively participate in decision-making related to the program overall.

The SOX Sr Analyst (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 SOX BP Senior Manager 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  SOX Sr Analyst (BP) will report to the  SOX BP Senior Manager, and will work with a mix of direct, indirect, and external team members to manage and execute the program. In addition, the SOX BP Senior Manager 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: 

• Work closely with the SOX PMO team in completing the annual SOX scoping and risk assessment (with a quarterly refresh), 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.
• Oversee and manage 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.
• 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. Assist the business in enhancing 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 Committee and SOX Steering Committee.
• Partner with the SOX Testing Manager to ensure the overall BP workpapers meet the quality, consistency, risk management and adherence to the Corporate SOX Policy.
• 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’s automation functionalities.
• 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:

Education: Bachelor's Degree.

• 5 or more years of SOX related experience
• Should have in-depth knowledge focused on BP SOX, ICFR, COSO Framework, and baseline understanding of business controls.
• CPA or CIA/CISA, or equivalent required
• Practical and deep knowledge of US GAAP, SOX and COSO
• Driven by Excellence - driven by our mission and our passion for customer success which means you relentlessly pursue excellence, that you do not tolerate mediocrity and you work intensely to achieve your goals
• 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
• Ability to independently navigate within an ambiguous environment
• Organized, detailed, proactive, self-motivated, collaborative
• Proven ability to work cross functionally and adapt to change are extremely important
• Ability to prioritize workloads and ensure deadlines are consistently met
• High integrity and ability to handle confidential information
• 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 is strongly preferred
• Prefer FinTech, banking and/or financial services experience primarily focused on BP SOX  and/or ICFR controls consulting