Company
Federal Reserve Bank of Boston
This position is responsible for leading and conducting complex audit coverage of the FedNow Program, including all Product and Project activities for the Federal Reserve's first new payments service in forty years. The FedNow Service is a new interbank 24x7x365 real-time gross settlement (RTGS) service with integrated clearing functionality. The Service will enable financial institutions to send and receive instant payments on behalf of their customers. This position will evaluate governance and risks, and determine the effectiveness the Service's agile program management controls, automation environment controls, and automation operations. The position also requires applying solid IT program, project, application, integration and infrastructure knowledge and audit techniques, as well as acquiring and applying an understanding of Federal Reserve policies, applications, governance, risks and controls. This position is also responsible for serving as a key resource to FedNow-related strategic System and local workgroups and projects as required. This is a primarily remote role, with periodic required travel (up to 15%).
Principal Accountabilities

• Execute the approved FedNow audit programs in accordance with establish policies and standards under general direction, with a great degree of independence.

• Define appropriate scope and objectives, establish assignment time frames and budgets, develop new or revise existing audit programs (as necessary), and prepare clear and concise work papers that document the audit tests performed and the conclusions drawn.
• Plan, execute and assure the satisfactory completion of audit tasks and responsibilities, and supervise and review audit work performed by audit team members.
• Provide feedback on the FedNow audit process after each assignment/interim coverage period.
• Review, verify and analyze configurations, 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.
• Identify and communicate forward-looking insights to management as appropriate to provide awareness of, and recommendations for, potential risks to the program.
• Prepare periodic written reports to operations management throughout planned coverage, as well as interim dashboards or memos between formal reports.
• Appraise the adequacy of corrective action taken to address reported audit exceptions as necessary.
• Assist in the mentoring of new auditors and trains/develops less experienced auditors through formal presentations or on-the job training.
• Obtain and maintain an advanced knowledge base and an awareness of activities in complex areas of assigned Program coverage, review and analyze pertinent data, and assess the impact of changes.
• Develop/maintain audit programs and risk assessments for assigned areas of business area coverage. Provide audit coverage to complex system development efforts and other projects.
• Serve as a subject matter expert in emerging audit techniques, including those for agile auditing and program/project auditing.
• Lead System and local audit projects having the goal of improving the efficiency and effectiveness of the Audit function.
• Foster a diverse and inclusive working environment where all employees feel valued, respected, engaged, and developed.

Other Accountabilities

• Perform other duties as assigned.

Supervision

• This position is required to directly supervise 1-3 employees on an assignment basis.

Knowledge and Experience

• Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor's degree and a minimum of 5 years of job-related experience.
• Graduate degree and professional certification (i.e., Certified Internal Auditor, Certified Public Accountant, Certified Information Systems Auditor, or Certified Information Systems Security Professional) preferred.
• Proven data analytics knowledge that will inform continuous auditing / monitoring practices is desired
• Adept at thinking critically and analyzing data from a variety of sources.
• Exhibits strong communication skills including strong verbal and writing skills.
• Requires a working knowledge with some of the following technologies/disciplines: software development (including agile methodologies) and release management, cloud technology, project/program operational readiness database management, computer networking, Directory Services, Firewall infrastructure or Web technologies.

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.
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.
The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.
All applicants must have resided in the United States for at least three (3) years.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
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.
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