Federal Reserve Bank of Cleveland · 6 hours ago
Senior Vice President, General Auditor
Cleveland, OH
Full-time
Onsite
Director/Executive
$300K/yr - $400K/yr
15+ years expThe Federal Reserve Bank of Cleveland is dedicated to ensuring the stability and efficiency of the nation’s financial systems. They are seeking a Senior Vice President and General Auditor who will provide strategic leadership and oversight of the Bank's Audit Department, ensuring independent evaluations of internal controls and promoting governance and risk management practices.
BankingFinancial Services
No H1B
U.S. Citizen Only
Responsibilities
Keeps Audit department aligned and focused on providing high-quality audit services to support the FRBC and Federal Reserve System (FRS). Drives innovation and continuous improvement to audit processes
Oversees the development and implementation of the annual audit schedule that provides appropriate audit coverage while following System audit risk frequency guidance and considers risks or control concerns identified by the Audit Committee and management
Guides the Bank to improve efficiency and effectiveness in internal control, governance, and risk management processes within the District and, where there are interdependencies, with other Federal Reserve Banks, while promoting sound risk taking, effective controls, and appropriate levels of compliance
Through the Audit Committee, provides the Board of Directors with independent and objective assurance of the Bank's risk management, control, compliance, and governance processes
Works with senior management and other key parties, including the Audit Committee/Board of Directors, external auditor, and the Board of Governors to maintain understanding and high level of communication regarding the execution and ongoing management of the internal audit strategy, including sensitive control issues, emerging risks and fraud prevention
Fosters the development of audit professionals and future leaders of the department and the Bank; ensures that key talent has the needed capabilities and adaptability to meet continually evolving demands and expectations; identifies and develops the skills needed to be a valued advisor at all levels of the FRS audit community
Provides independent audit assurance and advisory services to assist Bank senior management in achieving its goals and objectives within the FRBC’s risk appetite
Participates in the Conference of General Auditors, and other System committees/ workgroups that align with key audit responsibilities. Represents the Bank and may assume leadership positions at the Federal Reserve System level, including developing, recommending and implementing significant audit related System initiatives
Ensures that audit activities conform to the Global Internal Audit Standards and established audit procedures
Leads coordination of activities with external review groups including external auditors, Board of Governors staff, Government Accountability Office, U.S. Treasury, and others
Oversees department budget development and presents to the Audit Committee for approval
Exhibits utmost integrity and the ability to ensure the confidentiality of highly sensitive information
Qualification
Required
Bachelor's degree in business administration, finance, accounting, computer science, or equivalent field required
Fifteen years or more of related work experience with at least ten years of demonstrated leadership experience in leading or sponsoring large, successful audit and/or compliance programs
Understanding of the Global Internal Audit Standards and leading internal audit practices
Track record of successful leadership with a commitment to operational excellence and proven execution and delivery, achieving exemplary results, including high-quality, risk-focused, and relevant audit services that respond to emerging and changing risks adeptly and flexibly
Proven ability to positively coach, lead, and develop others to achieve their professional best
Executive level business acumen and a demonstrated critical thinker with the analytical skills necessary to evaluate the costs, risks, and benefits associated with alternative actions before making recommendations
Strong collaboration skills and an interest in ensuring strong cross functional and enterprise-wide relationships with an ability to partner effectively with others in the pursuit of common goals
Preferred
Certification preferred: Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA)
Knowledge of the Federal Reserve System, industry control frameworks such as COSO Enterprise Risk Management Framework and NIST Cybersecurity Framework, is desired
Company
Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland was established in 1914 as a part of the Federal Reserve System
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Robyn B.
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Ken Isaacson
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