What are the responsibilities and job description for the Internal Controls & Risk Officer position at WaFd Bank?
Internal Controls & Risk Officer
Location : Location
US-WA-Seattle
Location : Address
425 Pike Street
Location : City
Seattle
Location : State / Province
2025-3437
Category
Risk and Compliance
Position Type
Full Time
USD $110,000.00 / Yr.
USD $150,000.00 / Yr.
USD $110,000.00 / Yr.
USD $150,000.00 / Yr.
Job Summary
Location :
This position is eligible to work in any of our corporate offices within our nine-state footprint - Arizona, California, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, and Washington
Job Summary :
The Internal Controls and Risk Officer's primary responsibility it to provide technical expertise and leadership in support of the Bank's SOX Compliance program, internal control framework and enterprise risk assessments. This position is accountable for ensuring that internal controls are well-documented, appropriately designed, and compliant with applicable standards and regularly tested. Additionally, this position assists with the Bank's risk assessments to identify opportunities for business process and control improvement. Along with the key functions listed below, each position will be expected to uphold the value that Washington Federal places on simply being kind when servicing our co-workers and WF clients.
ESSENTIAL DUTIES AND RESPONSIBILITES include the following. Other duties may be assigned :
Implement, direct and oversee the effectiveness of the SOX Compliance Program and related internal control framework. Conduct and direct ongoing reviews of the process controls with business process owners to establish shared accountability and build knowledge and understanding of risk and controls.
- Plan, coordinate, and execute the Bank's annual / ongoing SOX 404 compliance internal control assessment project. Evaluate the design of internal control activities, maintain and update key controls, ensure SOX documentation reflects a high level of quality.
- Develop and drive SOX and internal control communications, related training materials, and provide regular status updates and reporting to key stakeholders.
- Conduct assessments of key accounts, financial reporting processes and information systems to determine the scope, methodology, materiality assessment, and conclusions of internal controls, ensuring adequate coverage. Identify and document operational and control related deficiencies. Work with business owners to identify and implement solutions.
- Maintain and continue to mature our GRC SOX Program Application and support its use with key stakeholders.
- Coordinate control walkthroughs and testing with Internal Audit and support the timely execution of the testing.
- Coordinate and facilitate the annual external audit of the Bank's SOX 404 internal control assessment with the Bank's independent auditors and regulators.
- Review testing exceptions and coordinate remediation plans with business unit owners and escalate critical issues to senior management.
- Develop / maintain working knowledge of laws and industry guidance for establishing, maintaining, and reporting on internal controls.
- Communication with the Board of Directors Audit Committee about internal controls, programs and any issues, including deficiencies and remediation plans.
- Coordinate and facilitate control owner certification of the effectiveness of internal controls over financial reports for senior management review and approval.
- Assist business departments in identifying, evaluating, and monitoring risks across all departments and business functions.
- Participate in risk assessments and identify opportunities for business process and control improvement.
- Participate in risk assessment and control evaluation of new products and processes to identify new risks and opportunities.
- Gather risk-related data from internal or external resources.
- Adherence to bank policies and procedures designed to comply with Federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act and OFAC regulations.
- Complete and pass all assigned eLearning courses and certifications as required.
- Avoid all real or perceived conflicts of interest and always maintain client privacy and confidentiality.
Qualifications
Education / Skills / Training :
Experience :
Benefits
At WaFd Bank you get all of these great benefits!
WaFd Bank Benefits Summary - Click here for more information
EEO Statement
We are committed to Equal Employment Opportunity and Affirmative Action. We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, color, religion, sex, sexual orientation, gender identity, military and / or veteran status, or disability in accordance with Executive Order 11246, Section 503 of the Rehabilitation Act of 1973, as amended, and the Vietnam Era Veterans Readjustment Assistance Act of 1974, which require affirmative action to ensure equal opportunity in all aspects of employment. WaFd Bank does not discriminate on the basis of national origin or citizenship status as provided under the Immigration Reform and Control Act of 1986, or any other Federal or State legally-protected classes. WaFd Bank is committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA). If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at 800.324.9375
EEO is The Law - click here for more information
Equal Opportunity Employer Minorities / Women / Protected Veterans / Disabled
EEO Policy Statement - WaFd Bank
Know Your Rights : Workplace Discrimination is Illegal - click here for more information
Pay Transparency Nondiscrimination Provision - click here for more information
CCPA Notice at Collection for CA Employees and Applicants
Requisition Post Information
2 / 3 / 2025
Salary : $110,000 - $150,000
