Position Description
Minimum Education
Bachelor's degree or equivalent experience
Minimum Experience
4
Summary
Under the Office of Inspector General’s (OIG) team approach, the auditor participates on audits evaluations, and other reviews (hereinafter referred to as “reviews”) of programs and operations of the Board of Governors of the Federal Reserve System (Board) and the Consumer Financial Protection Bureau (CFPB). The objectives of these reviews may include assessments of program economy, efficiency, effectiveness, ethics, and equity; internal control assessments; compliance reviews to determine adherence to applicable laws, regulations, or management’s policy and procedure expectations; and prospective analyses. These reviews may also help prevent and detect fraud, waste, and abuse in Board and CFPB programs and operations. The incumbent may also assist with information technology audits, and assist with or lead follow-up reviews to determine whether previous OIG recommended actions were implemented. Audit work is conducted in accordance with generally accepted government auditing standards (GAGAS); inspection and evaluation work is conducted in accordance with the Council of the Inspectors General on Integrity and Efficiency’s (CIGIE’s) Quality Standards for Inspection and Evaluation. The auditor operates consistently with the OIG’s values, including integrity; objectivity and independence; respect; excellence; collaboration and teamwork; and diversity, equity, inclusion, and accessibility.
Duties And Responsibilities
- Participates on audit or evaluation teams reviewing Board or CFPB programs and operations by gathering, consolidating, and analyzing data and information; by preparing for, actively participating in, and sometimes leading interviews of agency officials, staff, and others; and by developing appropriate findings, conclusions, and recommendations. Assists senior auditors by completing segments of complex reviews and writing sections of the review reports.
- Participates as a team member in planning and scoping reviews by conducting relevant research and using the information to contribute meaningful, logical ideas for the project design, methodology, and scope. The scope and methodology will meet the objectives of the specific review.
- Proactively completes work within their assigned work streams in a timely manner. Provides input to and coordinates with other auditors to complete assignments across the project. Develops and organizes clear, logical, and concise workpapers to document review work, including the documentary and testimonial evidence collected or developed, and the results of complex analytical work performed, which support the findings, conclusions, and recommendations. Is solely responsible for assigned workstreams, with minimal supervision for straightforward workstreams and moderate supervision for more complex workstreams. Workpapers are accurate and supported by sufficient and appropriate evidence.
- Participates as a member of the project team to develop the message and results. Prepares sections of written reports to convey review results to internal OIG stakeholders, agency officials, and others. The report must accurately, clearly, succinctly, and persuasively communicate the findings, conclusions, and recommendations. Indexes larger, more complex sections of reports to ensure they are supported by sufficient and appropriate evidence.
- Presents information orally, including findings, conclusions, and recommendations, to internal and external stakeholders, which may include Board members, Board or CFPB officials, and Federal Reserve Bank officials. Communicates in a clear, accurate, succinct, and persuasive manner. Ensures that information presented is supported by sufficient and appropriate evidence.
- Plans, conducts, and documents follow-up reviews to determine whether OIG recommendations have been appropriately implemented and drafts follow-up memorandums to update the status of those recommendations. Conducts independent referencing of indexed reports to verify that report content is accurate and supported by sufficient and appropriate evidence. May also assist in OAE’s annual planning, outreach, and risk assessment activities; in developing the OIG’s strategic plan; and in supporting other office initiatives.
- Ensures that all project work, including planning, fieldwork, and reporting and recommendation follow-up activities are conducted in accordance with applicable standards, e.g., GAGAS, CIGIE, and OIG policies and procedures, and within established timeframes.
Position Requirements
KNOWLEDGE/SKILL REQUIREMENTS
Bachelor’s degree from an accredited college or university in accounting, finance, economics, business, or related field, or equivalent experience, plus at least four years of audit, financial accounting, or related experience. Knowledge of principles, theories, practices, and/or techniques of accounting, auditing, inspecting, management, and/or evaluation to plan and conduct reviews of the Board’s or the CFPB’s programs and operations. Experience conducting financial or performance reviews under GAGAS or CIGIE standards, or related experience. Knowledge and skill to evaluate compliance with applicable laws and regulations, the adequacy of internal controls, and the operational efficiency and effectiveness of systems and activities. High degree of proficiency in oral and written communication skills. Excellent interpersonal skills and ability to work well in a team environment. Ability to obtain and maintain a Secret clearance. Is subject to the Board’s drug testing program. Prefer certification in one or more of the following: Certified Public Accountant, Certified Internal Auditor, Certified Fraud Examiner, Certified Information Systems Auditor, and other related professional certifications.
In addition, at the FR-26 grade, at least five years of audit, financial accounting, or related experience. Knowledge of principles, theories, practices, and/or techniques of accounting, auditing, inspecting, management, and/or program evaluation to independently plan and conduct reviews of the Board’s or the CFPB’s programs and operations.
REMARKS
- Supports the OIG Supervision & Regulation section, which conducts reviews of the Board’s and CFPB’s financial institution oversight programs.
- Financial services background or prior financial institution oversight experience preferred.
- Prior experience conducting evaluations or performance audits preferred.
- Past performance evaluations may be requested.
- The OIG’s telework policy requires employees to be physically present in the office a minimum of 4 days per month. Employees may be expected to be physically present in the office more than 4 days per month, as required by business needs.
Primary Location
DC-Washington
Employee Status
Regular
Overtime Status
Exempt
Job Type
Standard
Work Shift
1st Shift
Relocation Provided
No
Compensation Grade Low
FR PAY GRADE 25
Compensation Grade High
FR PAY GRADE 26
Minimum Salary
$107,000.00
Maximum Salary
$175,725.00
Posting Date
Oct 8, 2024
