Lead Auditor/ Senior 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.

This posting is a dual grade posting.

Candidates who have a slightly lower level of experience, education, or qualifications may also be considered.

 

The Audit Department assists the Bank's Board of Directors and senior management in the effective discharge of their responsibilities by assessing the adequacy and effectiveness of controls within Bank business areas over financial reporting and other critical operations, effectiveness and efficiency of operations, compliance with policies, procedures, laws and regulations, and the adequacy of the Bank's risk management and governance processes.

 

Under limited supervision and oversight, this role provides internal audit coverage through a variety of assignments including but not limited to assisting or leading as Auditor-in-Charge (AIC) complex local and System audit work, project monitoring, special reviews and/or projects and liaison assignments.

 

Represent the department and the System Audit Community on workgroups and assist the Board of Governors (Board) or other agencies with reviews of other Reserve Banks.

 

Provide independent, objective assurance and exercise professional skepticism designed to identify and assess control weaknesses and deficiencies and to recommend improvement opportunities.

 

What You Will Do:

 


* Reporting to the Audit Manager, you will plan and execute complex local and System engagements as an AIC or assistant.


* AIC responsibilities include but are not limited to planning, executing and reporting audit activities, communicating with multiple levels of Bank management, supervising auditors who may be of a higher grade level and completing audit evaluations.


* As an assistant, participates in engagements with minimal oversight from AIC and management.

Strengthen the department's relationship with operations management through liaison responsibilities and by responding to ad hoc requests.


* Conduct analysis of the design and implementation of new business processes and new automated systems to ensure audit controls by walkthroughs or other methods.


* Involved in the accomplishment of departmental goals and quality initiatives as a team leader or team member.

Identify, analyzes, evaluates and documents information to achieve specific assignment objectives.


* Participate in local and System training.


* Represent the department by participating on Bank and System workgroups or c...