Operations Auditor/Sr Auditor

262008 Requisition #

Operations Auditor

At the Federal Reserve Bank of San Francisco we believe in the diversity of our people, ideas, and experiences and are committed to building an inclusive culture that is representative of the communities we serve.

The Federal Reserve System (FRS), and its 12 District Banks located throughout the United States, is both a Private and a Public, Nonprofit Organization, whose objective is to:

  1. Maximize Employment 2) Stabilize Inflation, and 3) Moderate long-term interest rates for its Citizens.

Job Description 

Are you looking for an opportunity to advance your professional auditor career? Are you interested in learning more about the businesses of the Federal Reserve Bank of San Francisco and the larger Federal Reserve System? Does working in a fast-paced, changing environment interest you? If you love a challenge and have a passion for results, this position may be of interest to you!

The Audit Department is seeking an individual for our Operations audit team who is self-motivated and can work both independently and in a close team environment. This position is responsible for planning, conducting and documenting operational and compliance audits; evaluating risks and controls, and formulating audit findings and recommendations.

Job Responsibilities 

  • Serve as a knowledge source for one or more Bank operations or functions by serving in the role of Audit Liaison to identify process improvement needs and recommend solutions in moderate to complex business environments including, but not limited to, Cash Operations, Law Enforcement, Facilities Management, and Business Continuity.
  • Perform walkthroughs and flowchart operational processes, identify key control points, and develop applicable audit procedures
  • Establish and maintain positive and collaborative client relationships across the Bank and Federal Reserve System
  • Demonstrate broad business perspective of Federal Reserve System functions and services; stays informed about business practices
  • Perform fieldwork and prepare clear, concise, and persuasive documentation (workpapers, interim audit memos (IAMs), and reports for management review with minimal revisions
  • Communicate audit results to bank management and business partners effectively
  • Conduct effective meetings with Audit management and all levels of Bank management including Board of Governors, Treasury, and other regulatory agencies
  • Complete annual business profile risk assessments for the Bank’s operations and functions
  • Lead or participate in other district audits, System audits and/or workgroups
  • Perform follow-up activity on issues reported by Audit and external parties
Required Qualifications and Skills 

The candidate should possess in-depth knowledge and understanding of information technologies, and must fulfill the qualification and skills requirements below.

  • Must be a United States Citizen, United States National, or hold a permanent resident status/green card with the intent to become a United States Citizen.
  • Proven experience with conducting multiple audits with high quality standards
  • Strong knowledge of the Institute of Internal Auditor’s International Professional Practices Framework (IPPF); and the Committee on Sponsoring Organization (COSO) internal control and Enterprise Risk Management (ERM) risk assessment frameworks
  • Ability to give and follow instructions accurately and efficiently and being proactive in asking clarifying questions to ensure work effort is directed wholly toward desired outcome
  • Ability to collect, analyze, and summarize operating information and trends
  • Strong analytical / critical thinking skills and ability to apply sound judgment when making decisions related to business activities of moderate to high complexity
  • Have a general understanding of information security, general IT controls, application controls, and technology risks for various hardware and software platforms
  • Strong negotiation and influencing skills
  • Excellent presentation, facilitation, and project management skills
  • Ability to listen, communicate, and influence others effectively through various mediums
  • Recognize the need for change, embrace new ways of thinking, and work in alignment with strategic goals. Foster an environment of continuous improvement

Preferred Qualifications and Skills (Plus Required Qualifications and Skills above)

  • 4+ years of experience as an Auditor and/or Audit Consultant
  • Have current, professional certification(s) such as CIA / CISA or willingness to obtain within first year of employment
  • Program/project management experience a plus
  • Public accounting firm experience desired
Work Hours and Conditions 
  • 8:00 PM to 5:00 PM (PST), Monday – Friday
  • Off hours support as required by project schedules or management
  • Ability to travel up to 30%

***At the Federal Reserve Bank of San Francisco, we offer a wonderful benefits package including: Medical, Dental, Vision, Pre-tax Flexible Spending Account, Backup Child Care Program, Pre-tax Day Care Flexible Spending Account, Vacation Days, Sick Days, Paid Holiday’s, Pet Insurance, Matching 401(k), and a Retirement / Pension.***

  • The candidate selected will be required to pass a background check including criminal, education and employment check
  • This position may be filled at various levels based on candidates experience and department needs.

The Federal Reserve Bank of San Francisco is an Equal Opportunity Employer. Our people proudly reflect the diversity and ideas of the communities we serve and are strongly committed to employee development, providing ample opportunities to pursue advanced degrees, certifications, enroll in training courses, and attend conferences.

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