Internal Auditor – Reserve Bank Operations

Company

Federal Reserve Bank of San Francisco

We are the San Francisco Fed, public servants with a congressionally mandated mission to promote a sound and stable economy to support the lives of all Americans. We are a community-engaged bank, and we are committed to understanding and serving the vibrant, diverse people of the Twelfth District. That means we seek and appreciate new perspectives. We respect people for what they do and for who they are. We build opportunities to learn and grow. When you join the SF Fed, you become part of a team united in its purpose to promote an economy that works for everyone.

As the largest District by geography and size of economy, the importance our success cannot be understated. The Internal Audit group reports to the Audit and Risk Management Committee of the San Francisco Board of Directors. This promotes our independence and comprehensive audit coverage within the Bank, access to all Bank activities, information, records, property, and employees relevant to our audit work, and ensures adequate resources and appropriate consideration and awareness of audit recommendations. We do our work in partnership with leaders across the Bank by building our relationships and reputation with each and every interaction. 

We have a phenomenal and rare opportunity for an Internal Auditor for our San Francisco Federal Reserve Bank Internal Audit Team. You will join the Reserve Bank Operations Audit Team which audits large scale Cash Operations, Federal Law Enforcement, Facilities Management, and other Administrative Services. Our ideal candidate has a long-term interest in an internal audit career and wants to plant roots in an organization that will support that goal with education, mentorship, and career pathing. You are a highly conscientious, analytical, data driven individual who understands the importance of relationship building and communication. You are persuasive by building credibility and relationships through humility and earned trust.

The Operations Audit Team travels occasionally to our branches within the district to perform on-site audit work. These offices include Los Angeles, Seattle, Phoenix, and Salt Lake City. Travel assignments are typically three to five days and occur on average one or two times each quarter. 

This is a hybrid role and we ask that you live in commutable distance to our downtown San Francisco headquarters (Embarcadero), Los Angeles (downtown), or Salt Lake City, and be willing to be in office, two to three days per week on average.

Essential Responsibilities:

• Perform walkthroughs and flowchart processes, identify key controls, create and execute thorough testing methods to evaluate the adequacy of controls.
• Identify control improvement needs and recommend management actions.
• Prepare clear, concise, and persuasive work paper documentation in line with the Institute of Internal Auditors (IIA) International Standards.
• Perform follow-up activity on issues reported by Audit and other assurance provider.
• Become a knowledge source for Bank operations or functions by serving in the role of ‘Audit Liaison’. This role will allow you to create and maintain a positive and collaborative partnership with one or more business leaders in our district, develop a broad business perspective of Federal Reserve System functions and services, and to stay informed about business practices.
• Complete annual risk assessments for the assigned functions and provide input to the department's annual audit plan.
• Participate in local (District) and nationwide (System) workgroups.

Minimum qualifications:

• Bachelor's degree in Risk Management, Finance, Accounting, or related field or equivalent experience.

• Typically requires two or more years of experience as an Internal Auditor and/or Internal Audit Consultant.
• Analytical approach and critical thinking skills. Ability to apply good judgment when making decisions related to internal control evaluations.
• Effective written and verbal communication skills to prepare clear, persuasive audit work papers, and communicate audit results including observations.
• Excellent presentation, facilitation, and project management skills.
• Ability to listen, communicate, and influence others effectively through various mediums.
• Ability to flowchart processes, identify key controls, and develop applicable audit procedures.
• Knowledge of the Institute of Internal Auditor's International Professional Practices Framework (IPPF); and the Committee on Sponsoring Organizations (COSO) internal control and Enterprise Risk Management (ERM) risk assessment and IT Control frameworks.
• Strong analytical / critical thinking skills and ability to apply sound judgment when making decisions related to business ac