Officer, Financial Controls, Transactional Finance - Toronto, Canada - Canada Post - Postes Canada

Canada Post - Postes Canada
Canada Post - Postes Canada
Verified Company
Toronto, Canada

2 weeks ago

Sophia Lee

Posted by:

Sophia Lee

beBee Recruiter
Description
Job Requisition Id: 167677


Business Function:
Finance


Primary City:
Toronto


Other Location(s):

Province:
Ont. - GTA


Employment Type:
Full-Time


Employment Status:
Permanent


Language Requirement:
English Essential


Employee Class and Level:
UPCEA06


Working Hours:
Number of Vacancies: 1


Salary:

Job Closing Date (MM/DD/YYYY): 06/27/2023


Reporting to the Manager, Financial Controls, Transactional Finance, the Officer, Financial Controls, Transactional Finance is responsible for testing, documenting and assessing the effectiveness of the Internal Controls over Financial Reporting (ICFR) in the Finance group and assisting with the creation of remediation plans to address internal control gaps.

The Officer, collaborates closely with Finance and other Canada Post groups with regards to the design, development and implementation of internal controls and process improvements.

The Officer is responsible for the review of Segregation of Duties (SOD) and fraud risks, and identifies mitigating controls.


The Officer leads the analysis, design, development and implementation of business and internal controls required to support operations within Transactional Finance and to ensure that all Internal Customer Accounts databases and reports are constantly updated to reflect current information.


The Officer assists with the review and evaluation of Transactional Finance process owners' ICFR annual and quarterly self-certifications to ensure that documented business processes support them (including narratives and risk and controls matrices), that appropriate risk assessments and controls are in place, and to complete testing and remediation plans, in accordance with CPC's ICFR methodology.


Responsibilities:

Below are the main job requirements and responsibilities for the Officer, Financial Controls, Transactional Finance.

  • Assists in the annual ICFR Scoping & Fraud risk assessment to determine processes & controls inscope for review.
  • Develops and updates ICFR documentation, including: risk and control matrices, control description and testing steps, working papers, process narratives, schedules. Assesses the design and operating effectiveness of ICFR controls. Informs the Process/Control Owners of any deficiencies. Performs walkthroughs and testing of ICFR controls. Ensures documentation and evidence retention is in accordance with the ICFR Policy & Guide.
  • Monitors, measures, and reports on performance against individual business controls, including compliance to ICFR standards and controls. Provides results and interpretation to stakeholders.
  • Assists in the development of remediation and management action plans (MAPs) to correct and address internal control deficiencies.
  • Reviews processes, identifies control gaps or areas for improvement and participates in the design and implementation of mitigating internal controls.

Job Responsibilities (continued):


  • Monitors changes to processes and assists the Process/Control Owners in keeping relevant documentation including narratives, business practises, policies, procedures uptodate.
  • Assists in the preparation of the quarterly VP Finance ICFR report that supports the annual ICFR attestation process.
  • Reviews Segregation of Duties (SOD) violations existing in ERP/system finance roles and identifying internal controls to mitigate the associated fraud risks. Also, assesses the design of these ERP and system finance roles to limit the degree of SOD risk. Acts as the gatekeeper for access to ERP and system finance roles to prevent inappropriate access and limit SOD risks.
  • Administers and monitors internal customer account (ICA) certification process. Involved in setup, changes and adjustments to accounts. Reports on compliance to process and business practice.
  • Work closely with the Manager, Financial Controls. Provides internal control expertise on company projects/initiatives. Broader work or accountabilities may be assigned as needed.

Qualifications:


Education

  • University level degree in Business or a related field OR a combination of equivalent professional experience and training

Experience
years' experience in auditing (internal or external), internal controls and/or in a Banking / Finance environment
years' experience working and collaborating with various stakeholders, demonstrating business judgement and quantitative analytical skills
years' experience scoping, evaluating and testing internal controls and business controls

  • Capability to utilize experience, critical thinking skills, and internal control concepts to evaluate processes and identify risks
  • Strong background in audit methodology (external and/or internal), process improvement with a good knowledge of SAP
  • Understanding of fraud and Segregation of Duties (SOD) risks
  • Knowledge of International Financial Reporting Standards (IFRS)
  • Knowledge of Sarbanes Oxley (SOX), NI 52109, and/or COSO (internal control framework)
  • Proficient c
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