Senior Internal Auditor

POSITION: Senior Internal Auditor DATE: May 2024

DEPARTMENT: Internal Audit FLSA: Exempt

REPORTS TO: Chief Audit Executive LOCATION: Hybrid/Reston

SUMMARY OF POSITION

Assist the Chief Audit Executive & Internal Audit Team in the execution and planning of internal audits of the operations of the Office of Finance (OF) and REFCORP, as well as the annual risk assessment, and the subsequent issuance of reports to senior management and the OF Board of Directors. Perform related assurance activities such as continuous monitoring, data analytics, issue validation, in compliance with the independence standards promulgated by the Institute of Internal Auditing. As part of the Third Line, communicate regularly with all levels of management regarding risk assessments and audit results providing credible assurance and effective challenge.

We’re proud of the way our teammates have a positive impact on everything we do. Our employees are committed to and exemplify our Core Values:

• Integrity through accountability, consistency, transparency, and trust
• Agility through adaptability, continuous improvement, expertise, and flexibility
• Partnership through collaboration, communication, leadership, and teamwork
• Inclusivity through diversity, relationships, respect, and support

PRINCIPAL RESPONSIBILITIES:

• Develop risk-based audit programs and lead and execute audits of business and information technology functions including evaluation of governance, risk management, and controls
• Prepare workpapers that document the work performed as well as the results
• Lead presentations or meetings to discuss audit results or provide overview of audit processes
• Write clear, concise audit reports that communicate overall results, which may include risk management issues and internal controls deficiencies as well as recommendations for improving the organization’s operations, in terms of both efficient and effective performance
• Review the controls of new systems, processes and services prior to implementation
• Conduct and appropriately document special examinations and projects as assigned
• Identify and develop auditing procedures and techniques that improve audit coverage and efficiency, including mapping of industry frameworks and regulations to audit procedures
• Identify and develop data analytics opportunities and maintain the existing continuous monitoring program
• Coordinate with external auditor entities to develop direct reliance procedures on OF internal audit for the annual independent audit process
• Coordinate with multiple parties (business and external auditors) to facilitate the annual SOC 1 Type II report and/or External Audit
• Assist with the development of the annual audit risk assessment and annual audit plan
• Assist in the preparation of Audit Committee materials
• Facilitate preparation for annual regulatory examinations
• Participate in aspects of the Internal Audit division’s administration activities such as vendor management and information governance
• Support the OF’s diversity and inclusion strategy by following policies and procedures that promote opportunities for employees and diverse business partners

PRINCIPAL JOB REQUIREMENTS:

• A bachelor’s degree from an accredited college or university; accounting, finance, computer science or related major preferred
• 3 to 6 years of relevant job experience through public accounting, internal auditing and/or industry experience
• Knowledge of the Standards for the Professional Practice of Internal Auditing
• Ability to build and maintain respectful relationships across the organization, listen and integrate ideas from diverse groups of individuals, collaborate with others, and resolve conflicts constructively
• Ability to proactively manage time and workload with minimal supervision
• Effective oral and written communication
• Ability to listen and integrate ideas from diverse groups of individuals, build and maintain respectful relationships, collaborate with others, and resolve conflicts constructively.
• MS Office proficiency
• Experience implementing data analytics in the audit process
• Ability to develop complex MS Excel formulas and build maintain MS Access databases
• Proof of eligibility to work in the United States

PREFERRED SKILLS AND EXPERIENCE:

• Professional license or accreditation (CPA, CIA, or CISA)
• Knowledge of capital markets, including securities issuance, servicing and operations, regulation, and business practices
• Experience in a highly regulated environment and in working with regulators
• Experience in IT auditing

EQUAL EMPLOYMENT OPPORTUNITY:

The Federal Home Loan Banks Office of Finance is committed to equal employment opportunity without regard to race (including traits historically associated with race, such as hair texture, hair type and protective hairstyles), color, religion, sex, pregnancy (including childbirth, lactation, and related medical conditions), national origin or ancestry, age, physical or mental disability, veteran status, uniformed service member status, military status, sexual orientation, gender identity, status as a parent, marital status, genetic information (including testing and characteristics), citizenship status, or any other characteristic protected by applicable federal, state, or local law.