Federal Reserve Bank (FRB) Jobs (1)

Company Federal Reserve Bank of Philadelphia The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.

C., make up the Federal Reserve System.

It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government.

The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware. The Audit Department assists the Bank's Board of Directors and senior management in the discharge of their responsibilities by assessing the adequacy and effectiveness of controls within Bank departments over financial reporting and other important operations, effectiveness and efficiency of operations, compliance with policies, procedures, laws and regulations, and the adequacy of the Bank's risk management and governance processes.

You will manage the oversight and monitoring of all types and complexity level of engagements.

• Important accountabilities include : reporting to senior management on the accuracy of financial records and integrity of internal control systems;
• plan and direct the work of Audit staff; conduct consultations and special investigations; complete special projects as assigned by department management;

and represent the department and the Federal Reserve System (System) audit community on Bank and System projects, and assisting the Board of Governors (Board) or other agencies with reviews of other Reserve Banks.

You will be responsible for staff training, development, and performance management.

A manager performs at a moderately high level in most core System Audit competencies as described under the Manager role within the System Audit Competency Model.

The job description below reflects the lower level of a dual grade job posting. Candidates who possess a higher level of experience, education, or qualifications may also be considered for the higher level.

What You Will Do : Manage audit staff with the planning and execution of audit engagements following the Institute of Internal Auditors Standards by providing leadership to financial, operational, IT, and program / project audit activities.

This includes : Serving as engagement manager for audit activities of all complexity and size within responsibilities.

Reviewing and providing first level approval of the preliminary audit scope and goals, and all applicable audit programs.

Reviewing work papers and audit reports prepared by Audit staff to determine the sufficiency, completeness, and relevancy of information gathered to determine the adequacy, effectiveness and efficiency of Bank's control environment / control activities.

Evaluating the soundness of proposed issues and recommendations resulting from audit work.

Communicating complex business / IT audit issues in business-oriented terms.

Ensuring that follow-up to corrective actions is performed timely and sufficiently.

Collaborating with other Reserve Banks to plan and coordinate assigned System audit activities.

Administer talent management activities, which include : Providing new employee training and orientation and subsequent training and development of your team;

and develop training and education programs for the entire Audit staff. Direct staff responsible for auditing diverse lines of business, and identifying and resolving workflow issues and training needs.

Conveying department goals and strategies to staff and communicates how they contribute to the mission of the Audit Department, the Bank, and the System Audit Community.

Conducting performance evaluations, performance counseling and mentoring.

Help with personnel related issues, which include hiring, promoting, and termination of Audit staff.

Performing administrative responsibilities as assigned (e.g., approves employee time, granting time off, and participating in departmental budget process), and ensuring department procedures and policies are current and being followed.

Help with the preparation / development of the audit plan and budget for assigned departments.

Contribute to the tactical execution of the annual audit plan to include determining timing of audits, resource allocation, and ongoing management of a dynamic audit plan.

Oversee / lead special assignments requested by department / Bank management, such as consultative engagements, investigating unusual events, and performing confidential and complex audit investigations.

communicate the results of special assignments, prepares reports and related correspondence.

Demonstrate a broad and in-depth knowledge of our businesses and apply this knowledge to projects in assigned responsibilities.

Demonstrate detailed knowledge of industry plans such as COSO, Sarbanes-Oxley, Enterprise Risk Management and corporate governance.

Involved in the accomplishment of departmental goals and quality projects.

Assist the Board with its review of this Bank and other Federal Reserve Banks, and assisting or leading Peer Reviews of other Audit Departments.

Participate (as a team leader or team member) on System workgroups, task forces or committees.

Help prepare the periodic reports to the Bank management, Audit Committee, Board, and advance materials for Peer Reviews, and other reporting as appropriate.

Serve as backup to Assistant General Auditor both within the Bank, and by participating with the Subcommittee of Audit Officers (SAO).

Serve as a valued advisor by establishing and maintaining effective working relationships with department management, auditees, and external parties.

Fulfill job responsibilities in conformance with sound safety practices.

Performs other related duties as assigned. This description reflects the lower level of a dual grade job posting. Candidates who possess a higher level of experience, education, or qualifications may also be considered for the higher level.

What you Have : Bachelor's degree in Accounting, Information Technology, or related discipline (required).

Advanced degree preferred.

• Minimum of 8 years relevant experience and 1+ years prior supervisory / leadership experience.
• Certification related to Auditing, Accounting, or Information Technology required e.g., Certified Internal Auditor (CIA), Certified Information Systems Security Professional (CISSP), Certified Information Systems Auditor (CISA), and Project Management Professional (PMP).

Other relevant certifications may be considered).

• Knowledge : The Manager position requires a balanced combination of leadership and auditing skills incorporating solid leadership competencies and internal auditing knowledge.
• Leadership skills include excellent interpersonal and management skills to deal with a diverse set of partners; demonstrated management skill in building and motivating value-added audit teams;

excellent oral and written communication skills; ability to plan, organize, manage, and perform a variety of audit work involving complex business and technology areas.

• Requires solid interpersonal skills that help maintain professional and mutually beneficial relationships with System, Board, Bank management and staff.
• Knowledge of IIA Standards and organizational policies and procedures. Other Requirements : Travel Up to 10% domestic travel.

Sunday travel occasionally required.

Work Hours Subject to extended work hours as necessary to complete audit work and meet deadlines. The salary grade for this position is : 16 / 17 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 $100 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 believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool.

To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index.

The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

We have eight employee resource groups (ERGs) to support a diverse workforce.

Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans.

ERGs are open to all employees.

• 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.
• 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.

Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made.

Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana.

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.
• This position requires access to confidential supervisory information and / or FOMC information, which is limited to "Protected Individuals" as defined in the U.S.

federal immigration law.

Protected Individuals include, but are not limited to, U.S.

citizens, U.S.

nationals, and U.S.

permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.

Candidates who are permanent residents must sign a declaration of intent to become a U.S.

citizen when eligible to do so and pursue a path to citizenship.

Candidates who are not U.S.

citizens or U.S.

permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a permanent resident and a U.S.

citizen and meet other eligibility requirements.

In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules.

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.

This is not a 100% remote opportunity.

You will be available to work on-site in at least a hybrid capacity.

Learn more about the Philly Fed and its culture.

Learn more about working for the Philly Fed. Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Audit Family, Supervisory / Management 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. Privacy Notice