Siemens Controls Analyst in Iselin, New Jersey

Controls Analyst

Locations:Iselin, New Jersey

Job Family: Legal & Compliance


Job Description

Division: Financial Services

Business Unit: Business Operations Americas

Requisition Number: 200803

Assignment Category: Full-time regular

Experience Level: Mid level

Education Required Level: Bachelor's Degree

Travel Required: 15%

Division Description:

Siemens is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. As a global technology company, Siemens is rigorously leveraging the advantages that this setup provides. To tap business opportunities in both new and established markets, the Company is organized in nine Divisions: Power and Gas, Wind Power and Renewables, Energy Management, Building Technologies, Mobility, Digital Factory, Process Industries and Drives, Healthineers and Financial Services.

Siemens Financial Services is an international provider of business-to-business financial solutions. We support customer investments with leasing solutions and equipment, project and structured financing.

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Job Description:


Job Summary:

Analyze the adequacy of the design and effectiveness of the execution of controls within the Company encompassing internal controls over financial reporting, operational, compliance, and information technology aspects. Formulate objective assessments of the control framework for the Company and prescribe and recommend improvements or corrective action.

Controls Analyst:

-Obtain a detailed and working-level knowledge of the processes, controls and procedures within the Company to identify key risks relevant to the business.

-Perform and partner to perform risk analysis to ensure that risk assessments are comprehensive.

-Evaluate the adequacy of design and the effectiveness of execution of the control framework to ensure that it sufficiently mitigates the risk over financial reporting, operations, compliance, and information technology.

-Conduct walk-through of processes within the Company to understand the business and risks.

-Perform Test of Design (TOD) and Test of Effectiveness (TOE) for the relevant control programs within the Company (Sarbanes-Oxley, Risk & Internal Control (RIC), compliance, etc.)

-As part of TOD and TOE testing, develop and document the planned testing approaches and methodology.

-Partner with Policies & Procedures and Process Specialist functions to ensure that key business processes and controls are adequately captured.

-Collect, analyze, test, and interpret information to assess and conclude on effectiveness of control objectives.

-Prepare clear, concise and consistent documentation to support the results and conclusions from all assessments performed as prescribed by the methodology.

-Provide timely feedback to the Controls Management department and SOX officer of issues identified including communicating results to process owners in a clear and concise manner including practical recommendations for corrective action or improvement.

-Perform follow-up and validation as appropriate to ensure adequacy and timeliness of corrective action instituted by the business.

-Proactively interface with external auditors and internal audit to facilitate their walk-throughs and testing; as well as to report on the results of own testing and assessments.

-Develop strong partnerships and working relationships with the business to provide value-added feedback and support to foster a strong control enviornment which is also efficient in its design.

-Actively support all control programs of the Company as well as those programs administered or monitored by Controls Management

Education and experience required:

-BA/BS in Accounting, Auditing, Finance or equivalent

-Professional accreditation (preferred) - (e.g. CIA, CPA, CISA, CFE)

-Minimum 4-6 years of deploying audit, control evaluations/assessment, risk management methodologies or functions. (Internal audit or public accounting experience is a plus).

-Strong understanding of internal control frameworks and testing methods and the ability to apply good judgment and be able to identify critical risks.

-Strong understanding of accounting and auditing theories, methodologies and principles.

-Strong knowledge and application of SOX requirements and standards.

-Strong understanding of audit principles and testing methodologies to offer effective solutions to validate and monitor effectiveness and efficiency of controls.

-Strong presentation, communication (verbal and written) and networking skills.

-Demonstrates effective project management including time-management and multi-tasking.

-PC proficiency including knowledge of MS Excel, Word, PowerPoint.

-Travel estimates 10-20%


Equal Employment Opportunity Statement

Siemens is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, protected veteran or military status, and other categories protected by federal, state or local law.

EEO is the Law

Applicants and employees are protected under Federal law from discrimination. To learn more, Click here at .

Pay Transparency Non-Discrimination Provision

Siemens follows Executive Order 11246, including the Pay Transparency Nondiscrimination Provision. To learn more, Click here at .