Associate Auditor

Federal Reserve Bank of Philadelphia•Boston, MA

3d•$67,000 - $100,400•Onsite

About The Position

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: community, innovation, integrity, trust, leadership, and excellence. A leading internal candidate has been identified for this role, however we encourage applications to gauge future interest in the Audit department. This position is responsible for assisting in the performance of less complex audits and other projects.

Requirements

Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor's degree.
Expresses ability to think critically and analyze data from a variety of sources.
Exhibits strong communication skills including strong verbal and writing skills.
Knowledge of Microsoft Office and other automated tools preferred.
As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies.
Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
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.
For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.
All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years.
All employees assigned to this position 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.
All candidates must undergo an enhanced background check and comply with all applicable information handling rules.

Responsibilities

Assist in the evaluation of governance and risks and the determination of the effectiveness 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.
Assist in the execution of the approved System and local audit program in accordance with established policies and standards under direct supervision.
Prepare clear and concise work papers that document the audit tests performed and the conclusions drawn.
Review, verify and analyze transactions, records, reports and procedures for accuracy and effectiveness.
Identify and assess the impact of audit exceptions, make appropriate recommendations and present clear and convincing explanations of the issues with audit management and operating personnel.
Assist in appraising the adequacy of corrective action taken to address reported audit exceptions as necessary.
Obtain and maintain a general knowledge base and an awareness of activities in less-complex areas of assigned liaison coverage, review and analyze pertinent data, and assess the impact of changes.
Develop/maintain audit programs and risk assessments for assigned areas of liaison coverage.
Provide audit coverage to less-complex system development efforts and other projects.
Perform other duties as assigned.