Job Description
This is a Hybrid, Seattle based opportunity.
Who you are...
The Senior Director, Internal Audit, SOX will be a key member of the Internal Audit leadership team responsible for leading the Company's Sarbanes-Oxley (SOX) program. The scope of the role includes leading the strategy, execution, and reporting for the company's SOX compliance program. The objective of the SOX program is to support management's goal of having an effective and strong control environment while balancing resource requirements to be cost efficient. This role will partner with Internal Audit's IT Team, Finance, and other Business Process and IT control owners to achieve objectives. The ideal candidate will be responsible for leading, managing, and developing a team within the internal audit organization to support these programs. We are looking for an individual with excellent communication skills, with the ability to build and maintain strong relationships with business leaders across the organization to influence the overall programs. The ability to identify, prioritize and execute key initiatives is a critical component of this role.
Primary Responsibilities
- Develop the strategy and lead the execution of the company's program for internal controls over financial reporting, including working with management to design effective and efficient controls and lead the Planning/Risk Assessment, Process walkthrough and design testing, operating effectiveness testing, Deficiency evaluation and remediation and overall monitoring of the program to comply with Sarbanes Oxley (SOX).
- Work cross-functionally to develop and maintain RACI to support strong governance and accountability of the SOX program.
- Develop relationships with business partners, while maintaining independence and objectivity.
- Manage a team of ~6 SOX resources including development plans and career path. Focus on activities to have strong team engagement while supporting the Department objective of developing and placing talent into the business.
- Develop SOX strategy and provide thought leadership in partnership with stakeholders. Continuously seek to improve the effectiveness and efficiency of the SOX program. Lead annual IA resource plan of approx. 10,000 hours. Consider opportunities for improvements through program strategy, external auditor reliance, and outsourcing activities while improving the effectiveness of the program.
- Develop process and present on-going updates to stakeholders including summarizing, evaluation of control issues and deficiencies.
- Identify and lead "deep dive" engagements to evaluate and recommend changes to control design with Business and IT process owners or support new activities and system implementations that affect the control environment.
- Lead initiatives to work with business unit financial and operational leadership to gain a detailed understanding of significant business areas and recommend opportunities to enhance, streamline and/or automate controls. This includes working with Internal Audit's Business Intelligence team to develop opportunities for process improvements.
- Identify gaps in the internal controls design that could lead to financial reporting risk and develop plans to remediate control design and operating effectiveness deficiencies.
- Propose and plan processes and systems that are in-scope and plan annual work assignments for the team through risk-based scoping approach.
- Build a strong relationship with external auditors and coordinate activities to gain efficiencies in the overall program.
- Partner with stakeholders to assess the impact of known controls deficiencies and analyze the magnitude of design and execution issues reported throughout the year.
- Work with management and control owners to remediate control deficiencies, as applicable.
- Prepare program updates for the CFO and Audit and Finance Committee of the Board of Directors. Present updates to CFO, Executive Team, and Chair of Audit & Finance Committee.
Required Experience and Qualifications
- Bachelor's degree in accounting, Finance or Business Administration or other finance related degree.
- Professional certification including CPA (preferred), CIA, CISA.
- At least 15 years of progressively responsible work experience in external auditing, internal controls (preferably with a big four similar industry).
- Detailed knowledge of COSO frameworks, US Generally Accepted Accounting Principles (GAAP), PCAOB requirements and trends, and SEC standards and requirements.
- A minimum of 10 years of experience managing and developing teams.
- Ability to communicate effectively and build consensus amongst various stakeholders with competing priorities.
- Demonstrates proficiency in accounting, financial systems, and strong business acumen.
- Self-motivated, deadline-driven, ability to work autonomously with little oversight.
- Ability to prioritize tasks to meet deadlines.
- Effective decision-making skills; can choose a prompt course of action amongst options involving uncertainty or risk.
- Strong problem-solving skills; good judgement; encourages new innovative solutions when appropriate.
- Retail industry experience preferred.
The job posting highlights the most critical responsibilities and requirements of the job. It's not all-inclusive. There may be additional duties, responsibilities and qualifications for this job.
We've got you covered...
Our employees are our most important asset and that's reflected in our benefits. Nordstrom is proud to offer a variety of benefits to support employees and their families, including:
- Medical/Vision, Dental, Retirement and Paid Time Away
- Life Insurance and Disability
- Merchandise Discount and EAP Resources
A few more important points...
The job posting highlights the most critical responsibilities and requirements of the job. It's not all-inclusive. There may be additional duties, responsibilities and qualifications for this job.
Nordstrom will consider qualified applicants with criminal histories in a manner consistent with all legal requirements.
Applicants with disabilities who require assistance or accommodation should contact the nearest Nordstrom location, which can be identified at www.nordstrom.com .
© 2022 Nordstrom, Inc
Current Nordstrom employees: To apply, log into Workday, click the Careers button and then click Find Jobs.
Pay Range Details
The pay range(s) below are provided in compliance with state specific laws. Pay ranges may be different in other locations.
Washington: $198,000-$319,000 annually plus additional Cash and Equity Bonuses
This position may be eligible for performance-based incentives/bonuses. Benefits include 401k, medical/vision/dental/life/disability insurance options, PTO accruals, Holidays, and more. Eligibility requirements may apply based on location, job level, classification, and length of employment. Learn more in the Nordstrom Benefits Overview by copying and pasting the following URL into your browser: https://careers.nordstrom.com/pdfs/Ben_Overview_20-21.pdf
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