The Senior Analyst, Internal Control is responsible for the execution of the Model Audit Rule (MAR) control testing and Operational Risk Control System (ORCS) annual updates to ensure a comprehensive system of internal controls designed to mitigate risk and enhance the accuracy of the company’s reported financial results. This role will support the implementation of enhanced ORCS/MAR initiatives including assessment of the control framework and development of comprehensive documentation around the ORCS/MAR program, as well as perform all Operational Risk event reporting requirements in compliance with regulatory and company guidelines.
Your Job:
- Support the annual execution of the Operational Risk Control System (ORCS) and Model Audit Rule (MAR) program, including organization and delivery of progress updates and results, maintenance of comprehensive documentation around the ORCS/MAR program and support of controls-related initiatives.
- Responsible for the execution of the testing program for MAR controls (including IT general controls and entity level controls) that impact financial reporting.
- Work with process and control owners to develop and document remediation plans to address deficiencies, including monitoring or follow-up on status to ensure timely remediation and maintenance of a central deficiency log.
- Coordinate with process owners and Enterprise Risk Management team for quarterly Operational Risk event reporting.
- Oversee the annual update of identification, assessment, documentation and reporting of operational, compliance and financial reporting risks and controls.
- Assist with the development and compilation of executive level presentations on ORCS/MAR status and results.
- Assist with the development, maintenance and delivery of ORCS/MAR and controls-related training to process owners, including executive management.
- Act as liaison with Group Integrated Risk Management (IRM), internal audit and external audit for internal control matters.
- Support the Company in monitoring for changes in business which impact internal controls over financial reporting, IT and entity level controls.
Your Profile:
- Bachelor’s degree in accounting, finance, or related field.
- CPA or CIA strongly preferred.
- 5+ years of relevant accounting/auditing experience with increasing responsibility required.
- Public accounting experience a plus (insurance and/or financial services experience preferred).
- Proficient in Microsoft Office suite of applications, and technical savviness to learn new applications and systems (Oracle, Archer, company web based systems).
- Solid understanding of internal control frameworks and platforms (e.g., MAR, SOX).
- Strong process analysis, risk and control identification, and problem solving skills.
- Excellent understanding of application and system access controls, and COSO framework.
At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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