IT Audit Manager

253090 Requisition #
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Job Summary

Responsible for all activities related to an IT Internal Audit department. Develops IT audit programs and control guidelines. Assigns work to employees and directs their activities. Reviews and evaluates work and prepares performance evaluations. Manages, coaches and develops staff by providing ongoing feedback. Develops and recommends policies, programs, and practices relevant to the area of assignment. Consults with and advises other Bank departments regarding internal controls and security procedures. Leads and participates in department, Bank and System initiatives. Prepares activity and progress reports relating to areas of responsibility. The level of work is considered advanced and operates under minimal supervision. This position has direct reports.


Principal Duties and Responsibilities

• Acts as an effective leader and contributes to teamwork within area of responsibility and across the department

• Oversees a staff of IT auditors responsible for auditing information systems and solutions and technology projects and programs

• Develops performance objectives and developmental plans for each employee and conducts performance reviews within the required timeframes; addresses employee performance issues as appropriate

• Makes effective hiring, disciplinary action, and termination decisions. Recommends promotions and salary actions

• Continues to develop IT audit staff by providing training opportunities to enhance audit skills and monitors progress on each staff member's development plan

• Mentors futures leaders in the department and provides opportunities for leadership development and management succession

• Develops, communicates and ensures completion of the annual audit plan

• Coordinates the scheduling of IT audit assignments and projects to IT staff members and monitors progress on all assignments

• Ensures quality work through verifying staff's adherence with International Professional Practices Framework (IPPF) Standards and Department guidelines

• Assures effective audits are conducted by understanding the risk in assigned areas, ensures quality planning is performed and current audit programs are utilized

• Leads assessment and testing of controls as related to Sarbanes-Oxley requirements

• Evaluates IT infrastructure in terms of risk to the organization

• Audits information systems and applications to ensure that appropriate controls exist and that information produced by the system is accurate

• Advises others on information systems internal controls and security procedures

• Determines and recommends improvements in current risk management controls and implementation of system changes or upgrades

• Oversees the completion of the annual updates to the business risk profiles

• Coordinates work required by the external auditors for all areas of responsibility

• Prepares reports and recommendations for management on the results of information systems audits

• Ensures that resolution (follow-up) on reported findings is conducted in a timely manner, properly documented, and within the required timeframes

• Oversees the efficiency of each IT audit by monitoring budgeted hours and target dates

• Contributes to development of department strategy and attainment of goals and objectives in order to improve the audit process

• Applies knowledge of business areas by leading or participating on Bank or System groups as a representative of Internal Audit

• Provides support to the General Auditor, Audit Officer, Board of Governors and External Auditor

• Develops and gives presentations to internal and/or other stakeholders on IT audit related topics

• Develops and maintains ongoing relationships with Bank management to ensure thorough communication of IT audit-related issues

• Performs other duties as assigned


Education and Experience

• Bachelor's Degree; course work in information technology disciplines preferred

• 7+ years of direct work related experience in Internal Audit, Business or IT

• CIA, CISA, CPA or other related professional certification preferred


Knowledge and Skills

• Strong understanding of Bank business lines and strategies, locally and within the System

• Demonstrated independent thinking and decision-making abilities

• Demonstrated management skills in coaching, performance management and project planning

• Strong interpersonal and relationship building skills

• Strong written and oral communication skills

• Strong knowledge of information and cyber security and business system resiliency

• Excellent analytical skills


Other Requirements and Physical Requirements

This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.

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