Manager, SOX Compliance TXNM Energy, Inc Mexico Category: Information Technology; IT

JOB DESCRIPTION

Salary Grade: G04
Minimum Midpoint Maximum
$104,766 – $141,434 – $178,102

The following statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills. Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check.

SUMMARY:

The Internal Audit SOX Manager will develop a detailed understanding of the company’s business processes, looking for both control gaps and opportunities to gain process efficiency. Leads all stages of the audit cycle, from developing the audit plan and facilitating the risk assessment process to planning, scoping, testing, documenting, and reporting on audit projects. Communicates and reports to senior management, Internal Audit management, and the Audit Committee the audit results, recommendations, and actions plan for audit findings.

Responsible for monitoring the implementation of audit recommendations and following up on the remediation status of action plans for identified issues. Assists in responding to external auditors’ requests and/or inquiries, and the development and training of audit staff by pursuing development opportunities, including internal and external training, and sharing information with audit staff. Will work closely with the Internal Audit Director and various levels of stakeholders to provide ongoing progress of internal audit operations.

• Conduct control walkthroughs, overseeing tests of design and tests of operational effectiveness for key processes and controls.
• Lead the execution of activities to complete audit work papers and reports, ensuring minimal rework and timely project completion within budget.
• Prepare for audits by establishing objectives, developing timetables, and creating or adapting audit programs.
• Perform control testing and review control test results.
• Utilize dashboards to track, monitor, and deliver control test status details.
• Coordinate remediation of findings and deficiencies identified by SOX testers and external auditors, identify root causes, and advise control owners on internal control enhancements.
• Review controls to ensure adequate design and identification of key and non-key controls for critical processes/accounts, including rationalizing and optimizing controls through automation.
• Participate in the annual SOX risk assessment and scoping exercise.
• Serve as a liaison between management and the external auditors.
• Support management’s review of third-party assurance reports, such as SOC1 reports, including user controls mapping for gap identification and deficiency impact evaluations.
• Monitor changes in the organization and processes to ensure the SOX controls are updated, and the changes are communicated in a timely manner.
• Coordinate related documentation updates.
• Provide guidance and training to management on SOX compliance and internal controls.
• Foster a culture of continuous improvement and encourage innovation utilizing technology and data analytics tools to enhance audit effectiveness and efficiency.

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