Main Street Senior Auditor
The Main Street Lending Program is designed to help credit flow to medium-sized and small businesses that were in good financial condition, but now need loans to help until they have recovered from, or adapted to, the impacts of the pandemic.
This position is responsible for leading or conducting complex financial audits and other projects.
1. Evaluate governance and risks and determine the effectiveness of controls regarding the reliability and
integrity of financial and operational information, the effectiveness and efficiency of operations,
safeguarding of assets and compliance with applicable rules and regulations.
2. Execute the approved audit program in accordance with established policies and standards under general
direction with a greater degree of independence.
3. 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.
4. Plan, execute and assure the satisfactory completion of audit tasks and responsibilities, and supervise and
review audit work performed by audit team members.
5. Evaluate audit team members performance after each assignment.
6. Review, verify and analyze transactions, records, reports and procedures for accuracy and effectiveness.
7. 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.
8. Prepare written reports to operations management at the conclusion of audit reviews.
9. Appraise the adequacy of corrective action taken to address reported audit exceptions as necessary.
10. Assist in the mentoring of new auditors and trains/develops less experienced auditors through formal
presentations or on-the-job training.
11. Obtain and maintain an advanced knowledge base and an awareness of activities in most complex areas of
assigned liaison coverage, review and analyze pertinent data, and assess the impact of changes.
12. Develop/maintain audit programs and risk assessments for assigned area of liaison coverage.
13. Provide audit coverage to more-complex system development efforts and other projects.
14. Serve as subject matter expert in emerging audit techniques.
15. Lead system and local audit projects having the goal of improving the efficiency and effectiveness of the
Perform other duties as assigned.
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,
or Certified Information Systems Auditor) preferred.
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.
The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.