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Federal Reserve System Senior Internal Audit in Boston, Massachusetts

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.

A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation from the Bank’s vaccination policy; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank.

Overview:

This position is responsible for leading or conducting complex financial audits and other projects.

Responsibilities:

  • 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 most 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 more-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.

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

Qualifications:

  • 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.

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

  • Comprehensive healthcare options (Medical, Dental, and Vision)

  • 401K match, and a fully funded pension plan

  • Paid vacation and holidays; flexible work environment, healthy workflow

  • Generously subsidized public transportation

  • Annual tuition reimbursement

  • Professional development programs, training and conferences

  • And more…

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.

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.

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 resided in the United States for at least three (3) years.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Work Shift

First (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.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us

There will always be room for personal growth

Our people are first

You’ll find the right balance

Your responsibilities will be meaningful

We hope that you will be our future colleague.

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