Senior Internal Auditor

CompanyFederal Reserve Bank of Boston

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.
You are responsible for leading or conducting complex System and local audits and other projects. This position requires acquiring and applying expert knowledge of audit standards and techniques, as well as Federal Reserve policies, applications, governance, risks and controls. Reporting to the Auditor Director, you will serve as a key resource to strategic System and local workgroups and projects.
This role will be hybrid with a first district residence requirement, with regular on-site presence required.

Job Description

Principal Accountabilities

• Evaluate governance and risks and determine the effectiveness of controls regarding the reliability and integrity of financial and operational information, the effectiveness and efficiency of operations, safeguarding of assets and compliance with applicable rules and regulations.
• Execute the approved audit program in accordance with established policies and standards under general direction with a greater degree of independence.
• Define appropriate scope and objectives, establish assignment time frames and budgets, develop new or revise existing audit programs (as necessary), and prepare clear and concise work papers that document the audit tests performed and the conclusions drawn.
• Plan, execute and assure the satisfactory completion of audit tasks and responsibilities, and supervise and review audit work performed by audit team members. Evaluate audit team members performance after each assignment.
• Review, verify and analyze transactions, records, reports and procedures for accuracy and effectiveness.
• Identify and assess the impact of audit exceptions, make appropriate recommendations and present clear and convincing explanations of the issues with audit management and operating personnel.
• Prepare written reports to operations management at the conclusion of audit reviews.
• Appraise the adequacy of corrective action taken to address reported audit exceptions as necessary.
• Assist in the mentoring of new auditors and trains/develops less experienced auditors through formal presentations or on-the-job training.
• Obtain and maintain an advanced knowledge base and an awareness of activities in complex areas of assigned liaison coverage, review and analyze pertinent data, and assess the impact of changes.
• Develop/maintain audit programs and risk assessments for assigned area of liaison coverage.
• Provide audit coverage to complex system development efforts and other projects. Serve as subject matter expert in emerging audit techniques. Lead system and local audit projects having the goal of improving the efficiency and effectiveness of the Audit function.
• Foster a diverse and inclusive working environment where all employees feel valued, respected, engaged, and developed.

Other Accountabilities

• Perform other duties as assigned.
   

Supervision

• This position is required to directly supervise 1-3 employees on an assignment basis.
   

Knowledge and Experience:

• Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor's degree and a minimum of 5 years of job-related experience.   
• Graduate degree and professional certification (i.e., Certified Internal Auditor, Certified Public Accountant, or Certified Information Systems Auditor) preferred.
• Working knowledge of data analytics, automated controls, and General IT Controls preferred.
• Requires knowledge of risk management, compliance, and data related frameworks.
• Adept at thinking critically and analyzing data from a variety of sources.
• Exhibits strong communication skills including strong verbal and writing skills.

The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
 

For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks. 
 

The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position.  Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.  
 

All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years.
 
All employees assigned to this position 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. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
 
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills 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.

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job Category

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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