Internal Audit Risk Specialist, Safety and Soundness

Company

Federal Reserve Bank of St.

Louis

The Supervision Division is looking for individuals with a background in Internal Audit to join our Safety & Soundness team.

As an Internal Audit Risk Specialist, you will assess bank’s internal audit program including the effectiveness of the internal control environment and evaluate overall compliance with federal laws and regulations.

You will work onsite in the Little Rock, AR, Memphis, TN or St.

Louis, MO office.

Overnight travel is required, or if in range, commutable travel.

You may travel approximately 50 nights per year, averaging 20-30% of workdays within the Eighth Federal Reserve District.

It includes overnight stays (up to five consecutive days), travel mostly by vehicle, but some air travel may be involved.

The St.

Louis Federal Reserve Bank diligently works to provide a positive Work/Life Balance through a compressed work schedule and periodic work from home opportunities.

Responsibilities


* Assess compliance with Section 36 of FDICIA, Sarbanes Oxley (SOX) and reliance placed on the internal audit function. 


* Evaluate the effectiveness of the bank’s internal audit program including: audit governance, independence, staffing and expertise, policies, and procedures, planning and risk assessment, audit execution, quality assurance, vendor or co-sourcing, and external audit coverage.       


* Plan, participate, and lead supervisory events of more complex financial institutions.

 


* Prepare informative, concise, and well supported supervisory products including work papers and communicate supervisory conclusions to financial institution management, other examiners, and Reserve Bank management.


* Foster relationships with fellow examiners, Reserve Bank staff, financial institution management, and other federal and state banking regulators. 


* Invest in the development of your peers by sharing knowledge and providing peer level feedback, aligning with the St.

Louis Federal Reserve's focus on employee growth.

Qualifications


* Bachelor’s degree in business, accounting, economics, finance, or related field.


* 5+ years of experience in a bank internal audit environment such as a Chief Audit Executive or senior/staff auditor at a depository institution or accounting firm. 


* Sound understanding of the COSO framework, Section 36 of FDICIA, SOX and the Institute of Internal Auditors standards.   


* Required certifications: Certified Internal Auditor (CIA), Certification in Risk Management Assurance (CRMA), Certified Public Accountant (CPA), Certification in Control Self-Assessment (CCSA), Certified Financial Services Auditor (CFSA), Certified Information Systems Auditor (CISA), or similar audit-related certification. 


* Overnight travel required 20-30% of the year (approximately 50 nights).


* You must live in, or relocate to, the 8th District and work out of our Little Rock, AR, Memphis, TN, or St.

Louis, MO, offices.

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