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The Federal Reserve Bank of Cleveland serves the Fourth Federal Reserve District, which comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. It is one of 12 regional Reserve Banks that, together with the Board of Governors in Washington DC, make up the Federal Reserve System, the central bank of the United States.
The Bank’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payments systems to promote optimal economic performance across the country and within the Fourth District.
- Develops and maintains a thorough operational understanding of at least two risk areas of the Bank and considered an expert in at least one risk area which includes: maintaining awareness of current events and emerging risks, assessing risks; establishing audit scope and objectives; and developing risk-based audit programs.
- Develops comprehensive business profiles and risk assessments for new and/or significantly reorganized areas.
- Utilizes automated tools to analyze data and complete assigned audit work.
- Determines if internal controls and processes are effective, and if leading the audit, develops the overall audit opinion.
- Prepares audit reports and communicates summary of audit findings.
- Provides counsel and follow-up to management on outstanding findings; conducts follow-up testing; updates open findings records; and recommends closing findings when conditions are addressed.
- Serves as primary 4th District representative to Federal Reserve System audit community competency centers and knowledge forums and actively engages in or leads key projects for those groups.
- Participates in System audit special projects or events, including System Center for Auditor Development training, peer reviews, and Board of Governors reviews of the Bank or other FR Banks.
- Effects changes at the Department/Bank level (e.g., continuous improvements, strategic initiatives, etc.).
- Demonstrates a proficient level of knowledge of IT operations and concepts, risk assessment practices, and internal control systems for assigned areas of the Bank.
- Performs other duties as assigned or requested.
- Bachelor's degree and a minimum of 5 years of related work experience
- One industry recognized Audit, Banking, Information Technology/Security, or other industry certification required
- Security Assurance for the Federal Reserve (SAFR) certification required (internal certification obtained post-employment)
- Lean Six Sigma Yellow Belt certification required (can be obtained post-employment)
- IIA IT General Controls certificate required (Note: If the auditor is a Certified Information Systems Auditor, this certificate is not required.)
- Bachelor's degree and a minimum of 7 years of related work experience
- One industry recognized Audit, Banking, Information Technology/Security, or other industry certification required
- Security Assurance for the Federal Reserve (SAFR) certification required
- Lean Six Sigma Yellow Belt certification required
- IIA IT General Controls certificate required (Note: If the auditor is a Certified Information Systems Auditor, this certificate is not required.)
- Completed the Bank’s Leading Yourself curriculum
- Bachelor's degree and a minimum of 10 years of related work experience
- One industry recognized Audit, Banking, Information Technology/Security, or other industry certification required
- Security Assurance for the Federal Reserve (SAFR) certification required
- Lean Six Sigma Yellow Belt certification required
- IIA IT General Controls certificate required (Note: If the auditor is a Certified Information Systems Auditor, this certificate is not required.)
- Completed the Bank’s Leading Others curriculum
- Ability to perform independent research
- Microsoft Office (Access, Excel, Outlook, PowerPoint, Word, etc.)
- Business acumen
- Audit acumen and delivery
- Governance, risk, and control
- Information technology and security
- Action oriented
- Collaborates
- Communicates effectively with influence
- Ensures accountability
- Values differences
- Builds relationships
- Critical thinking and judgment
- Embraces change and innovation
- Communicates with influence
- Leverages automated solutions and data analysis