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Audit Director - FedNow

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.

This role is eligible for a hybrid schedule with on-site work expected.

The individual is expected to reside in the 1st District unless you were given an exception.

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 position is fully dedicated to the audit coverage of the FedNow Service.

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 gro...