AVP Assistant General Auditor

Reporting directly to the SVP & General Auditor, you will assist them in directing all internal audit activities for the Federal Reserve Bank of Philadelphia. The General Auditor oversees risk assessment activities, audit plan development and execution. Additionally, the General Auditor provides administrative oversight for the department. This oversight provides assurance to management and the Board of Directors that the assets and liabilities, as set forth in the Bank's balance sheet, are accurate. We align policies, procedures, systems, and processes to ensure control systems are effective for the management and mitigation of risk. Collaborate with senior level stakeholders within the Bank and throughout the System with navigating the complex, governance structure of the Federal Reserve System. Provide support to General Auditor in accomplishing goals and responsibilities as prescribed in the Federal Reserve Bank by-laws. In the absence of the General Auditor, assumes all responsibilities and authority.

What You Will Do:

• Assist the General Auditor in planning, developing, and directing the Bank's internal audit function, its policies, and procedures. Help appraise them for adequacy and soundness to protect the Bank, its members, and employees against fraud, loss, or irregularity.
• Help formulate audit guidelines and policies relevant to financial and operational audits and direct their implementation within the Bank.
• Consult with senior management on interpretation of control requirements established by Bank, System, and external agencies.
• Oversee reviews of financial and operating information and the system of internal controls; participate in development of department audit schedule and coordinates with Board of Governors (BOG).
• Participate in the development of tactical audit activities to support Conference of General Auditors strategies as a member of the System's Audit Officers Group.
• Actively participate on task forces and work groups to support several System audit initiatives.
• Participate as a primary member or backup to the General Auditor on System work groups and committees. These groups support Philadelphia's Audit role as the System Audit Liaison for the Subcommittee on Administrative Services. The Subcommittee on Administrative Services has three committees, covering Law Enforcement, Facilities, and Records Management.
• Administer operational department matters such as annual budgeting, expense monitoring, quality assurance, resource planning, and department policy.
• Oversee the use of the audit application repository and shared server drives by all audit staff to ensure consistency and completeness of all audit records and information.
• Oversee internal investigations involving potential fraud, loss or irregular occurrences, including recommending investigative approach, resource requirements, and interviews with employees.
• Oversee talent management activities including hiring, developing, evaluating, and rewarding audit department staff.
• Monitor and guide the department's achievement of staff professional audit certifications.
• Prepare the General Auditor's reports and the Annual Report which are provided to the Audit Committee members before Committee meetings.
• Coordinate Audit efforts with the Bank's external auditor.
• Be a secretary for the Audit Committee meetings by taking the minutes and participate in discussions.
• Recommend modification to Audit methodology and content for consideration by the Audit Committee.
• Provide Audit position, opinion, and interpretation on Bank and System task forces or workgroups.
• Review, evaluate, and process changes to audit procedures and programs. Understand all authorities established by Bank policy and by the Bank's Delegation of Authority Schedule and acts accordingly.
• Understand and strengthen with staff the Bank's control environment and importance of compliance.
• Foster an environment in which employees are encouraged to identify and implement departmental and Bank-wide quality improvement initiatives.
• Fulfill job duties and responsibilities in conformance with sound safety practices.
• Your role includes oversight of direct and indirect reports.

What You Have:

Education and Experience:

• Bachelor's degree in business administration, Accounting, Finance (or equivalent) required.
• Graduate degree and a minimum of 10 years of leadership experience in Audit or related work preferred.
• Certified Public Accountant, Certified Internal Auditor, Certified Information Systems Auditor, or an equivalent professional certification of the Institute of Internal Auditors preferred.

Leadership Competencies:

A skilled level of expertise is preferred in all audit competencies, particularly in the following three areas:

Build Relationships - Develop effective working relationships with stakeholders (stakeholders include department and senior management, the System Audit community, the Audit Committee, and external parties).

Critical Thinking and Judgment - Applies critical thinking, sound logic and rationale in decision-making and problem solving; consider multiple aspects in assigning significance and priority.

Governance, Risk, and Control - Understand and assess business risk and controls within the governance structure of the Federal Reserve System; provide assurance that the control environment keeps pace with evolving business.

Knowledge:

• Knowledge of generally accepted auditing standards.
• Strong business acumen and leadership skills.
• Demonstrated knowledge of financial management, accounting, and controls.
• Strong people leadership skills.
• Excellent interpersonal skills including written and verbal communication skills.
• Simultaneously lead multiple complex projects and navigate complex governance structure with many internal and
• external partners.
• Knowledge of auditing practices, procedures and principles, to interpret and analyze complex concepts and apply these in innovative ways. An understanding of financial, operational, market, and credit risks.

The salary range for this position is: $167,100 -$234,200. Final salary and offer will be determined by the applicant's background, experience and skills, as well as internal equity and alignment with market data.

We offer a great benefits package that features:

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
• 401k/Thrift Plan with generous employer match
• Employer-funded Pension Plan
• Paid Vacation/Sick Time & Holidays
• Monthly $200 Commuter Allowance
• Flexible Spending Accounts and Healthcare Spending Accounts
• Flexible Work Schedule available in most departments
• Life Insurance and Long Term Disability Insurance
• Tuition Reimbursement (undergraduate and graduate)
• Parental Leave
• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
• Onsite Cafeteria & Coffee Shop
• Additional Convenience Benefits, Discounts and More...

Additional Information:

• The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the "@phil.frb.org" domain or through the Workday system "rb@myworkday.com". If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org.
• We are an equal opportunity employer committed to hiring the best candidates and to providing equal employment opportunity to all persons without regard to race, color, religion, sex, pregnancy, national origin, age, genetic information, disability, military service, or any other basis protected by law.
• We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment. If you need assistance or an accommodation due to a disability, please email us at TalentAcquisition@phil.frb.org.
• All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
• This position requires eligibility for a Secret level national security clearance, which requires U.S. citizenship. This position also requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration laws. In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules.
• You will be required to complete a background investigation including drug testing as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be drug screened for the presence of marijuana. Any hiring decision based on a background investigation will be made following an individualized assessment that is job-related and consistent with business necessity and applicable law. Employment may not begin until the Bank accepts the results of the background investigation.
• All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
• The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
• By applying to this position, you agree you will be available to work on-site in a full-time capacity.
• Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

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