Description

We are the Federal Reserve Bank of San Francisco — public servants with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the nation’s central bank, we are committed to understanding and serving the vibrant, expansive communities of the Twelfth District, which covers the nine western states of the U.S. That means we seek and appreciate new perspectives and build opportunities to learn and grow. At the SF Fed, we approach our work with integrity and a commitment to service.

We have a phenomenal and rare opportunity for an Auditor on our San Francisco Federal Reserve Bank’s FedCash Audit Team. This team is responsible for leading nationwide (System-wide) assurance efforts related to all aspects of FedCash Services, including the ongoing audit of the NextGen Program and providing oversight of, and training to, other audit teams across the US for auditing the deployment phase of this program. The FedCash Audit team also has responsibility for the System-wide Cash Audit Competency Center which provides key directions to other Reserve Banks on how to identify key risks within Cash Operations and ways to audit more effectively and efficiently through written guidance, i.e., design of audit programs, as well as virtual and in-person training programs.

Our ideal candidate has a long-term interest in an internal audit career and wants to plant roots in an organization that will support that goal with education, mentorship, and career pathing. You are a highly conscientious, analytical, data driven individual who understands the importance of relationship building and communication. You are persuasive by building credibility and relationships through humility and earned trust.

This is a full-time onsite role and requires living within a commutable distance to our downtown San Francisco headquarters (Embarcadero) or Los Angeles (downtown) locations.

Essential Responsibilities:

• Perform walkthroughs and flowchart processes, identify key controls, create and execute thorough testing methods to evaluate the adequacy of controls.
• Identify control improvement needs and recommend management actions.
• Prepare clear, concise, and persuasive work paper documentation in line with the Institute of Internal Auditors (IIA) International Standards.
• Perform follow-up activity on issues reported by Audit and other assurance provider.
• Become a knowledge source for Bank operations or functions by serving in the role of ‘Audit Liaison’. This role will allow you to create and maintain a positive and collaborative partnership with one or more business leaders in our district, develop a broad business perspective of Federal Reserve System functions and services, and to stay informed about business practices.
• Complete annual risk assessments for the assigned functions and provide input to the department's annual audit plan.
• Participate in local (District) and nationwide (System) workgroups.

Minimum qualifications: 

• Bachelor's degree in Risk Management, Finance, Accounting, or related field or equivalent experience.
• Typically requires two or more years of experience as an 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.
• Willing and able to travel as needed for 15% of the time.
• Must be a US Citizen or Green Card holder with the intent to become a US Citizen.

Preferred Skills/Experience:

• Professional audit certification such as Certified Internal Auditor (CIA) or commitment to obtain the CIA within the first two years of employment.
• Internal auditing experience within financial services and/or government agency.
• Knowledge of computer-assisted auditing and data analytics software.
• Solid understanding of internal control systems applicable to Federal Reserve Bank operations and functions.