Senior Auditor/ Auditor

CompanyFederal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

The job description below reflects the higher level of a dual grade job posting. Candidates who possess a slightly lower level of experience, education, or qualifications may also be considered.

What you will Do:

• Participate as an assistant in engagements with direction and oversight from the AIC and management.
• Will be assigned the AIC role for low to moderate risk local audits or less complex to moderately complex System audits from planning, through fieldwork and reporting with oversight from management. High level responsibilities include : developing a risk-based audit approach and plan, completing process walkthroughs, providing technical assistance to engagement teams; interpret System, Bank, and regulatory standards, evaluating signs of fraud, reviewing the work of assistants, communicating with multiple levels of Bank management, preparing audit/engagement reports, supervising and reviewing the work of auditors who may be of a higher grade level, and providing feedback and completing audit evaluations.
• Conduct liaison activities to stay up to date with changing risks associated with departments.
• Participate in accomplishing the department's goals and quality assurance projects by being a team member. 
• Identify, analyze, evaluate and documents sufficient information to achieve specific assignment goals.
• Represent the Audit department on System and Bank workgroups contributing to specific deliverables based on assignments. Participate in local and System training.

Overarching responsibilities:

• Comply with the International Standards for the Professional Practice of Internal Auditing and The Institute of Internal Auditors Code of Ethics.
• Comply with all other relevant department, Bank, and System policies and requirements.
• Identifies other responsibilities to further the department`s mission and personal professional development as identified and approved.
• Be a valued advisor by establishing and maintaining working relationships with department management, auditees, and external parties.
• Fulfill job responsibilities in conformance with sound safety practices.
• Performs other related duties as assigned.

What you have:

Knowledge:

• Experience over internal controls and auditing techniques, The Institute of Internal Auditors International Professional Practices Framework, and business operations.
• Moderately to moderately high experienced in most core competencies (business acumen, audit knowledge, communicating with influence, critical thinking, and problem solving, embracing change and new ideas , building relationships, applying automated solutions and data analytics, written and verbal communications).
•  Apply professional skepticism to conduct thorough analysis.
•  Foster teamwork and cooperation as well as add value and build trust.
•  Analyze financial, operational, compliance, and technical risks and controls to identify weaknesses, potential improvements, and process efficiency opportunities.
•  Document complete, accurate, relevant, and concise workpapers with the scope and number of review comments in line with position.
• Demonstrate comfort with technology-based audit techniques.
• Effectively and efficiently work in an organization that values deadlines.

Education and Experience:

• Bachelor's degree in a related field is required. 
• Professional certification related to Auditing, Accounting, or Information Technology, or willing to obtain: Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), Certified Information Systems Auditor (CISA), and Project Management Professional (PMP).
• Minimum of 3 years relevant work experience (preferably in public accounting, internal audit, consulting or controls/compliance).

Other Requirements:

• Up to 5% domestic travel. Sunday travel occasionally required.
• Subject to extended work hours as necessary to complete audit work and meet deadlines.

This job description reflects the higher level of a dual grade job posting. Candidates who possess a slightly lower level of experience, education, or qualifications may also be considered.

The salary grade for this position is: 12/13.

We offer a great benefits package that features:

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
• 401k/Thrift Plan with generous employer match
• Employer-funded Pension Plan
• Paid Vacation/Sick Time & Holidays
• Monthly $100 Commuter Allowance
• Flexible Spending Accounts and Healthcare Spending Accounts
• Flexible Work Schedule available in most departments
• Life Insurance and Long-Term Disability Insurance
• Tuition Reimbursement (undergraduate and graduate)
• Parental Leave
• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities.
• Onsite Cafeteria & Coffee Shop
• Additional Convenience Benefits, Discounts and More…

Additional Information:

The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “[email protected]”. If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at [email protected].

The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

We have eight employee resource groups (ERGs) to support a diverse workforce. Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans. ERGs are open to all employees.

We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.

All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.

This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a permanent resident and a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules.

Due to the nature of the information, you will have access to, we require that you also complete a more in-depth enhanced background screening (Peraton moderate or high). 

All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

This is NOT a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.

Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryInternal Oversight & Governance

Work ShiftFirst (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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