Senior Internal Auditor

Company

Federal 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 or