Federal Reserve Bank
Director, Audit
Federal Reserve Bank, Boston, Massachusetts, us, 02298
Company
Federal Reserve Bank of Boston
Director, Audit
As a member of the Audit Leadership Team, this position is accountable for formulating a comprehensive, risk-based financial and operational related annual audit plan, managing departmental resources, and ensuring that audits are conducted in alignment with IIA Standards. This position also contributes to the strategic planning of the department and monitors the execution of these plans. This position is accountable for conducting program and project audits as required and incorporate automated control testing and facilitate the incorporation of data analytics procedures as required.
This job is eligible for a hybrid schedule with at least 50% on-site work expected.
Principal Accountabilities
Manage the development and execution of comprehensive audit programs to evaluate governance and risk 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.
Develop and monitor short and long-range strategic objectives. Identify Bank activities subject to audit and special reviews. Schedule the audits in accordance with the Conference of General Auditors' Risk Analysis Methodology.
Review, approve audit reports, and make presentations to all levels of Bank management and the Audit Committee of the Board of Directors on audit results and other matters.
Develop annual budgets, formulate the annual audit program and monitor the accomplishment of meeting the budget. Monitor and schedule appropriate audit coverage of programs and projects.
Oversee the development and execution of liaison activities for each audit area. Supervise department personnel and evaluate the performance of department staff.
Approve personnel actions (salary increases, hirings and terminations).
Participate/Lead special projects sponsored by the Bank, the Conference of General Auditors or other System groups.
Facilitate the professional development of Department staff, identify and coordinate Department training activities and assist the System Center for Auditor Development.
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 4-7 employees.
Knowledge and Experience
Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor's degree (Advanced degree preferred) and a minimum of 7-10 years of job-related experience.
One of the following professional certifications required: Certified Internal Auditor, Certified Public Accountant, or Certified Information Systems Auditor.
Requires working knowledge of data analytics, automated controls, and General IT Controls.
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.
Supervision experience in a complex, team-oriented and stakeholder centric environment.
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 (https://www.bostonfed.org/-/media/Documents/about/code-of-conduct.pdf) to ensure compliance with conflict of interest rules and personal investment restrictions.
This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.
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 Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Supervisory/Management
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.
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.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
Federal Reserve Bank of Boston
Director, Audit
As a member of the Audit Leadership Team, this position is accountable for formulating a comprehensive, risk-based financial and operational related annual audit plan, managing departmental resources, and ensuring that audits are conducted in alignment with IIA Standards. This position also contributes to the strategic planning of the department and monitors the execution of these plans. This position is accountable for conducting program and project audits as required and incorporate automated control testing and facilitate the incorporation of data analytics procedures as required.
This job is eligible for a hybrid schedule with at least 50% on-site work expected.
Principal Accountabilities
Manage the development and execution of comprehensive audit programs to evaluate governance and risk 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.
Develop and monitor short and long-range strategic objectives. Identify Bank activities subject to audit and special reviews. Schedule the audits in accordance with the Conference of General Auditors' Risk Analysis Methodology.
Review, approve audit reports, and make presentations to all levels of Bank management and the Audit Committee of the Board of Directors on audit results and other matters.
Develop annual budgets, formulate the annual audit program and monitor the accomplishment of meeting the budget. Monitor and schedule appropriate audit coverage of programs and projects.
Oversee the development and execution of liaison activities for each audit area. Supervise department personnel and evaluate the performance of department staff.
Approve personnel actions (salary increases, hirings and terminations).
Participate/Lead special projects sponsored by the Bank, the Conference of General Auditors or other System groups.
Facilitate the professional development of Department staff, identify and coordinate Department training activities and assist the System Center for Auditor Development.
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 4-7 employees.
Knowledge and Experience
Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor's degree (Advanced degree preferred) and a minimum of 7-10 years of job-related experience.
One of the following professional certifications required: Certified Internal Auditor, Certified Public Accountant, or Certified Information Systems Auditor.
Requires working knowledge of data analytics, automated controls, and General IT Controls.
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.
Supervision experience in a complex, team-oriented and stakeholder centric environment.
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 (https://www.bostonfed.org/-/media/Documents/about/code-of-conduct.pdf) to ensure compliance with conflict of interest rules and personal investment restrictions.
This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.
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 Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Supervisory/Management
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.
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.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)