Internal Auditor, Senior or Lead

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Audit
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254178 Requisition #
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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.

 

The Role:  plans and assists on financial, operational, IT (primarily application and database access reviews) audit assignments of moderate (Senior) to high (Lead) complexity and risk in accordance with the International Standards for the Professional Practice of Internal Auditing (IIA Standards).  Prepares well-documented work papers in accordance with Audit departmental policies and procedures and effectively communicates the results of audit work to Bank and Audit management.  Additionally, the Lead Internal Auditor is recognized as a System resource and influences, leads, and participates in System projects and initiatives.  Leads complex assignments and projects related to Audit department, Bank and/or System activities that require coordination with other Reserve Bank Audit departments.

 

The Knowledge and Skills:  requires general (Senior) to thorough (Lead) knowledge of Audit concepts, principles, techniques and professional standards, including a general knowledge of current accounting/auditing practices.  General understanding of information technology disciplines, such as client server business applications, computer operations, change control, information security, and data base systems.  Supports other auditors in the completion of audit work and evaluates audit findings.  Possesses above-average oral and written communication skills to facilitate the effective discussion and presentation of audit findings and proposals to Audit and Bank management.  Requires good interpersonal skills that support the maintenance of professional and mutually beneficial relationships with System, Board of Governors, and Bank management and staff.  Problem-solving skills to address and develop solutions to complex audit and control issues is required and makes appropriate recommendations.

 

Additional Job Responsibilities (include but are not limited to the following):

  • Under supervision, performs audit assignments of moderate (Senior) to high (Lead) complexity in accordance with the IIA Standards and Audit departmental policies and procedures.  Assists in assessing financial, operational, project, and IT controls, including COSO/Sarbanes-Oxley. 
  • Leadership Responsibilities:
    • Plans and leads audit activities.
    • Determines assignments for participating audit staff.
    • Determines scope and objectives of audits.
    • Reviews the adequacy of completed audit work. 
    • Provides verbal and written presentations to Bank management disclosing observations and recommendations for corrective action.
    • Assists Audit management by preparing audit reports to Bank management expressing an opinion on the condition of operations, adequacy of controls, disclosing observations, including recommendations for corrective action. 
  • Auditor Responsibilities:
    • Conducts walkthroughs of assigned areas, observes control activities, recommends scope and objectives, and develops executable procedures based on risk. 
    • Evaluates controls and processes, and documents work performed.
    • Communicates plans for and results of audit work to Audit management.
    • Develops and communicates recommendations to Audit and Bank management.
    • Performs timely follow-up of outstanding observations and evaluates the adequacy of corrective action taken to improve conditions.
  • Completes risk assessments for assigned risk areas.  
  • Demonstrates general knowledge of the Bank business areas and internal controls. 
  • Maintains ongoing relationships with assigned clients including frequent communications regarding status and changes in business areas.
  • Participates in Audit Competency Centers and Knowledge Forums.
  • Participates (Senior) on and/or leads (Lead) on System Audit Community special projects, including SCAD instructor and peer reviews.
  • Assists Board of Governors staff with examinations of the Bank, or examinations of other Reserve Banks
  • Assists (Senior) with and/or leads (Lead) departmental special projects and initiatives.
  • Performs administrative duties and other duties as assigned

 

Special Considerations:

  • Please review the FRB Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests.  (The Code is available on the About Us, Careers webpage at www.richmondfed.org.; the relevant sections are 5.3 and Appendix B, Parts I, II and III).
  • Sponsorship is not available for this position.

 

The deadline for applying on line is February 26, 2018.  The selected candidate will be subject to special background check procedures, and may be offered a position either as a Senior Internal Auditor or Lead Auditor, depending on candidate’s knowledge, skills, and experiences as defined in the job qualifications/experience.  Salary offered will be based on the job responsibilities and the individual’s knowledge, skills and experience as defined in the job qualifications/experience.

 

Salary Range Senior Internal Auditor:  $55,800 -$90,700, annually.
Salary Range Lead Auditor:  $69,000 -$112,200, annually.

Education/Experience:

  • Bachelor’s degree in Accounting, Information Technology, or related discipline required.
    3-6 years (5 – 7 years at the Lead Internal Auditor level) of Audit or related experience.
  • (Senior) Demonstrated progress toward a professional certification related to Auditing, Accounting, or Information Technology, e.g., CPA, CIA, CISA, PMP, CISSP
  • (Lead) Professional certification related to Auditing, Accounting, or Information Technology, e.g., CPA, CISA, CIA, CISSP is required.

 

Other Requirements:

  • 10-20% domestic travel and Sunday travel occasionally required.
  • Subject to extended work hours as necessary to complete audit work and meet deadlines.

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