Job Information
Federal Reserve Bank Engagement Manager - Audit in Chicago, Illinois
Company
Federal Reserve Bank of Chicago
The Engagement Manager is responsible for all activities related to an Internal Audit department. Develops audit programs and control guidelines. Assigns work to employees and directs their activities. Reviews and evaluates work and prepares performance evaluations. Manages, coaches and develops staff by providing ongoing feedback. Develops and recommends policies, programs, and practices relevant to the area of assignment. Consults with and advises other Bank departments regarding internal controls and security procedures. Leads and participates in department, Bank and System initiatives. Actively champions and brings the System audit community together to influence transformation in credit risk management audit execution strategies. Collaborates closely with audit and stakeholder leadership to lead and design the development of audit coverage aligned with strategies and risks. Ensures an end-to-end approach is leveraged throughout the audits to ensure a horizontal view of risks. Leads the development of effective, coordinated communications with various audit stakeholder both within the System Audit community as well as audit clients. Communicates information timely and transparently with the overall audit team and audit stakeholders, including client and System Audit Community. Organizes System Audit resources from the relevant shared services and manages overall performance. Fosters an innovative and agile team environment, applying lessons learned and a willingness to try new audit techniques and other technologies. Provides leadership to the credit risk management audit competency center intended to provide upskilling on credit risk management to System audit resources. Navigates and strengthens relationships in a complex business environment. Prepares activity and progress reports relating to areas of responsibility. The level of work is considered advanced and operates under minimal supervision. This position has direct reports.
Your Responsibilities:
Acts as an effective leader and contributes to teamwork within area of responsibility and across the department
Develops performance objectives and developmental plans for each employee and conducts performance reviews within the required timeframes; addresses employee performance issues as appropriate
Makes effective hiring, disciplinary action, and termination decisions.
Recommends promotions and salary actions
Continues to develop audit staff by providing training opportunities to enhance audit skills and monitors progress on each staff member's development plan
Mentors future leaders in the department and provides opportunities for leadership development and management succession
Develops, communicates and ensures completion of the annual audit plan
Coordinates the scheduling of audit assignments and projects to all staff members and monitors progress on all assignments
Ensures quality work through verifying staff's adherence with International Professional Practices Framework (IPPF) Standards and Department guidelines
Assures effective audits are conducted by understanding the risk in assigned areas, ensures quality planning is performed and current audit programs are utilized
Leads assessment and testing of controls as related to Sarbanes-Oxley requirements
Oversees the completion of the annual updates to the business risk profiles
Coordinates work required by the external auditors for all areas of responsibility
Prepares reports and recommendations for management on the results of financial and operations audits
Ensures that resolution (follow-up) on reported findings is conducted in a timely manner, properly
documented, and within the required timeframes
Oversees the efficiency of each audit by monitoring budgeted hours and target dates
Contributes to development of department strategy and attainment of goals and objectives in order to improve the audit process
Applies knowledge of business areas by leading or participating on Bank or System groups as a representative of Internal Audit
Provides support to the General Auditor, Audit Officer, Board of Governors and External Auditor Develops and gives presentations to internal and/or other stakeholders on audit related topics
Develops and maintains ongoing relationships with Bank management to ensure thorough communication of audit-related issues
Performs other duties as assigned
Your Background:
Bachelor's Degree; course work in business disciplines preferred
7+ years of direct work-related experience in Internal Audit or Business CPA, CIA, CISA, or other related professional certification preferred
Strong understanding of FRS business lines and strategies, locally and within the System
Demonstrated independent thinking and decision-making abilities
Demonstrated management skills in coaching, performance management and project planning
Strong interpersonal and relationship building skills
Strong written and oral communication skills
Excellent analytical skills
What we offer:
Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym, and subsidized cafeteria.
A continuous learning environment with opportunities to gain new skills and grow your career
Additional Requirements:
Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
This position has additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance and can take approximately two months to be completed. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.
As a condition of employment, Federal Reserve Bank of Chicago 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 official if necessary.
This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.
We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Audit Family
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.
Always verify and apply to jobs on Federal Reserve System Careers ( https://rb.wd5.myworkdayjobs.com/FRS ) or through verified Federal Reserve Bank social media channels.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
