Internal Auditor or Senior Internal Auditor

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The Audit Department has an immediate opening for an Internal Auditor or Senior Internal Auditor, reporting to one of the managers in the department.

The Audit Department assists the Bank’s Board of Directors and senior management in the effective discharge of their responsibilities by assessing the adequacy and effectiveness of controls within Bank business areas over financial reporting and other critical operations, effectiveness and efficiency of operations, compliance with policies, procedures, laws and regulations, and the adequacy of the Bank’s risk management and governance processes. With supervision, the auditor plans and assists on financial, operational, IT (primarily application and database access reviews) and project audit assignments of low to moderate complexity and risk in accordance with the International Standards for the Professional Practice of Internal Auditing (IIA Standards); prepares well-documented work papers in accordance with departmental policies and procedures and effectively communicates the results of audit work to Bank and Audit management; and supports other auditors in the completion of audit work and evaluates audit findings. The auditor will leverage and develop strong analytical, critical thinking, data analysis, communication, and leadership skills to effectively fulfill their duties. Strong written and verbal communication skills will be required to work effectively with peers as well as for handling critical and sensitive interactions with Bank leadership. If you possess these skills and a desire to demonstrate and develop them daily in a dynamic work environment, please consider this opportunity.

What You Will Do:

• Conduct walkthroughs of assigned areas, observe control activities and processes, recommend scope and objectives, and develop executable procedures based on risk
• Communicate plans for and results of audit work to Audit management and client
• Develop and communicate to Audit and Bank management recommendations for identified issues.
• Perform timely follow-up of outstanding observations and evaluate the adequacy of corrective action taken to improve conditions
• Complete risk assessments for assigned areas
• Maintain ongoing relationships with assigned clients including frequent communications regarding status and changes in business areas
• Assist with departmental special projects and initiatives

Qualifications:

• Bachelor’s degree preferred with emphasis in Finance, Economics, Business, Accounting, IT or related field
• 1-3 (Internal Auditor level), 3-5 years (Senior level) of Audit or related experience preferred
• Demonstrated progress toward a professional certification related to Auditing, Accounting, or Information Technology, e.g., CPA, CIA, CISA, PMP, CISSP preferred
• Excellent analytical, problem-solving, and critical thinking skills to review and interpret data, detect problem source, and determine best solution and preventative measures
• General understanding of information technology concepts
• Demonstrated ability to work professionally with personnel at all levels of the organization and handle sensitive information with the highest degree of integrity
• Independent thinking and decision-making abilities
• Strong written and verbal communication skills and presentation skills
• Demonstrated high degree of initiative, independence, self-discipline, and motivation within job specifications, as well as collaborating effectively in a team
• Proficient in Microsoft Office Suite applications

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrict