AVP Assistant General Auditor

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System.

It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government.

The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Reporting directly to the SVP & General Auditor, you will assist them in directing all internal audit activities for the Federal Reserve Bank of Philadelphia.

The General Auditor oversees risk assessment activities, audit plan development and execution.

Additionally, the General Auditor provides administrative oversight for the department.

This oversight provides assurance to management and the Board of Directors that the assets and liabilities, as set forth in the Bank's balance sheet, are accurate.

We align policies, procedures, systems, and processes to ensure control systems are effective for the management and mitigation of risk.

Collaborate with senior level stakeholders within the Bank and throughout the System with navigating the complex, governance structure of the Federal Reserve System.

Provide support to General Auditor in accomplishing goals and responsibilities as prescribed in the Federal Reserve Bank by-laws.

In the absence of the General Auditor, assumes all responsibilities and authority.

What You Will Do:


* Assist the General Auditor in planning, developing, and directing the Bank's internal audit function, its policies, and procedures.

Help appraise them for adequacy and soundness to protect the Bank, its members, and employees against fraud, loss, or irregularity.


* Help formulate audit guidelines and policies relevant to financial and operational audits and direct their implementation within the Bank.


* Consult with senior management on interpretation of control requirements established by Bank, System, and external agencies.


* Oversee reviews of financial and operating information and the system of internal controls; participate in development of department audit schedule and coordinates with Board of Governors (BOG).


* Participate in the development of tactical audit activities to support Conference of General Auditors strategies as a member of the System's Audit Officers Group.


* Actively participate on task forces and work groups to support several System audit initiatives.


* Participate as a primary member or backup to the General Auditor on System work groups and committees.

These groups support Philadelphia's Audit role as the System Audit Liaison for the Subcommittee on Administrative Services.

The Subcommittee on Administrative Services has three committees, covering Law Enforcement, Facilities, and Records Management.


* Administer op...