Lead Auditor (Finance)

Company

Federal Reserve Bank of San Francisco

While the SF Fed is a Reserve Bank, we're not what you might expect. We're unreserved here. That means we seek new and diverse perspectives. We fuel conversations and encourage debate. We build opportunity. We pursue careers that are true to ourselves. We are looking for people who want to help our country reach its full economic potential. When you join the SF Fed, you join a team of people working together to promote an inclusive economy that works for everyone.

As a Lead Auditor, you will be part of the San Francisco Fed Internal Team Audit team which audits all areas of the business. This role will focus largely on auditing large scale Reserve Bank Cash Operations at the District or nationwide level.

There might be occasional travel to our branches within the district to perform on-site audit work. These offices include Los Angeles, Seattle, Phoenix, and Salt Lake City. Travel assignments are typically 3-5 days and occur on average 1-2 times each quarter.

Responsibilities:

• Supervise and review moderate to moderately high-risk audit work performed by audit team members in accordance with established internal and external policies and audit standards. With mentorship, evaluate audit team members performance after each assignment. With limited supervision, guide the work of auditors to ensure quality expectations. This position may typically supervise 1-4 employees on an assignment basis.
• Define appropriate risk-based audit scope and objectives for District focused audits, establish and commit to assignment time frames and budgets, develop new or revise existing audit programs.
• Execute the approved audit program in accordance with established policies and standards under general supervision with a greater degree of independence. This includes the evaluation of governance and risks and determine the efficiency of controls regarding the reliability and integrity of financial and operational information, the effectiveness and efficiency of operations, safeguarding of assets and compliance with applicable rules and regulations.
• Identify, assess, and challenge the impact of audit exceptions, make appropriate recommendations and present clear and convincing explanations of the issues with audit management and operating personnel.
• Prepare written audit reports, requiring reasonable edits from internal reviews to business management at the conclusion of audit reviews.
• Appraise the adequacy of corrective action taken to address previously reported audit findings or findings identified by other assurance providers. Review follow-up work performed by other auditors.
• Acquire and maintain a detailed knowledge base and awareness of activities in moderate to moderately high-risk areas of assigned liaison coverage, review and analyze pertinent data, and learn how to assess the impact of changes. Develop or maintain audit programs and perform risk assessments for assigned areas of liaison coverage.
• Build and maintain a District and System Audit and District Management wide network of contacts within area of focus.
• Lead District Audit work groups or actively participate in System Audit wide workgroups or strategic initiatives (focus on more sophisticated initiatives).
• Train less experienced auditors through formal presentations or on-the-job training on moderate to moderately complex topics. Actively support training led by subject matter experts of emerging audit tools, techniques, and practices (i.e., data analytics, Computer-aided audit tools (CAATS), project auditing, continuous auditing, end-to-end auditing). Demonstrates coaching role of junior or less expert auditors.

Qualifications:

• 5+ years of experience in Internal Audit with at least two years in an auditor in charge/lead auditor role.as a Senior Internal Auditor and/or Internal Audit Consultant.
• Analytical approach and critical thinking skills. Ability to apply good judgment when making decisions related to internal control evaluations.
• Effective written and verbal communication skills to prepare clear, persuasive audit work papers, and communicate audit results including observations.
• Excellent presentation, facilitation, and project management skills.
• Ability to listen, communicate, and influence others effectively through various mediums.
• Ability to flowchart processes, identify key controls, and develop applicable audit procedures.
• Knowledge of the Institute of Internal Auditor's International Professional Practices Framework (IPPF); and the Committee on Sponsoring Organizations (COSO) internal control and Enterprise Risk Management (ERM) risk assessment and IT Control frameworks.
• Strong analytical / critical thinking skills and ability to apply sound judgment when making decisions related to business activities of moderate to high complexity.
• Knowledge of operational and business concepts and risk (including fraud) assessment practices.
• Have a general understanding of information security, general IT controls, application controls, and technology risks for various hardware and software platforms.
• Ability to establish collaborative team and audit client relationships including negotiation and influencing skills.
• Proficient in the use of Microsoft Word, Excel, PowerPoint, and Visio.
• Must be a US Citizen or Green Card holder with the intent to become a US Citizen.

Preferred Skills/Experience:

• Extensive experience as auditor in charge in risk-based internal audit work (point in time audits or program/project auditing).
• Internal auditing experience within financial services, government agency, or in other industries with large scale cash operations (e.g., casinos, bank branch auditing).
• Certified Internal Auditor (CIA)
• Strong presentation, facilitation, and project management skills.
• Proficient understanding of concepts of risk and control and ability to challenge others judgment when assessing these. Good understanding of root cause analysis and leading related discussions. Proficient in assessing and distinguishing between control design, operational effectiveness, and outcome. Full understanding of the Institute of Internal Auditor's International Professional Practices Framework (IPPF); and the Committee on Sponsoring Organizations (COSO) internal control and Enterprise Risk Management (ERM) risk assessment frameworks.
• Bachelor's degree.
• Knowledge of computer-assisted auditing and data analytics software.
• Solid understanding of internal control systems applicable to Federal Reserve Bank operations and functions.

Base Salary Range: 100,300.00 - 130,400.00 - 160,300.00 USD Annual (Location: San Francisco)

Final salary and offer will be determined by the applicant's background, experience, skills, internal equity, and alignment with geographic and other market data.

Benefits at SF Fed:

Aside from the growth opportunities, you'll also experience a plethora of other benefits working at SF Fed, including:

• Matching 401(k)
• Retirement/Pension Plan
• Medical, dental and vision
• Vacation days, sick days, and paid holidays
• Pretax Flexible Spending Account
• Paid Family Leave Care
• Backup Child Care Program
• Pretax Day Care Flexible Spending Account
• Pet insurance

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.

At the SF Fed, 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 SF Fed is an Equal Opportunity Employer.

#LI-Hybrid

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Internal Oversight & Governance Family Group

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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