Corporate Vice President Financial Controls Unit MAR SOX Business Process Lead - New York Life Insurance Company is the largest mutual life insurance company in the United States. Founded in 1845 and headquartered in New York City, New York Life reported 2017 operating earnings of 2.06 billion. Total assets under management at year end 2017, with affiliates, totaled 586 billion.
New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody's Aaa; Standard and Poor's AA+ (Source: Individual independent rating agency commentary as of 8/1/17).
Financial strength, integrity and humanity-the values upon which New York Life was founded-have guided the company's decisions and actions for over 170 years.
Ensure organizational standards, governance and practices for the company's internal control over financial reporting complies with the NAIC Model Audit Rule (MAR) and Sarbanes:Oxley Act (SOX).
:Support the on:going development and maintenance of the NYL MAR/SOX Program governance, policies, standards and procedures.
:Aid the FCU Business Process Manager to monitor and assess impact of regulatory changes impacting MAR/SOX.
:Support the FCU Business Process Manager to execute the day:to:day activities of the MAR/SOX program, which includes onshore and offshore resources.
:Assist with the maintenance and creation of the co:source partner resources plan.
:Responsible for the execution of the testing program for all business controls that impact financial reporting.
:Support the FCU Business Process Manager with materiality and scoping of all business controls that impact financial reporting.
:Work with business process and control owners to develop remediation strategies to address deficiencies in internal control over financial reporting.
:Collaborate with business units to assess consistency of the application of MAR/SOX Program requirements.
:Manage, develop and contribute to the tools that support the MAR/SOX Program (SharePoint, Wdesk, BWise GRC, etc.).
:Manage the development and compilation of executive level presentations on the state of internal control over financial reporting for the MAR/SOX Program.
:Manage the development, maintenance and delivery of MAR/SOX Program training curriculum.
:Coordinate with internal/external risk and control functions (e.g., Risk Management, IT Risk and Security, Corporate Audit, external auditor) to improve integration of governance, risk and compliance functions.
:Act as liaison with Corporate Audit, external auditor and state regulators for internal control over financial reporting issues.
:Proactively collaborate with the first, second and third lines of defense to drive awareness, accountability and additional oversight in the implementation and ongoing effectiveness of internal control over financial reporting.
:Pro:actively participate in various risks and controls committees and/or working groups of NYL as assigned.
:Bachelors Degree with emphasis or concentration in Accounting, Finance
:Minimum of seven to ten years of experience in roles with major responsibilities for oversight of and/or testing internal control over financial reporting is required
:Strong knowledge of Service Organization Control reports (e.g., SOC1s) is required
:Strong knowledge of Insurance and Asset Management businesses is preferred
:Big four experience is strongly preferred
:CPA or CIA is required
:Demonstrated leadership and ability to manage and supervise staff/consultants in a highly productive environment
:Strong oral and written communication skills. Must be able to effectively communicate with various levels of management, internal customers and auditors
:Strong management/supervisory, interpersonal and analytical skills
:Team oriented. Ability to work in a fast:paced environment and shift priorities as necessary
:Proficient in Microsoft