Under the Office of Inspector General's (OIG's) team approach, this Auditor serves as a team member on performance and financial-related audits, attestations, inspections, and evaluations (hereafter referred to as reviews) of programs and activities of the Board of Governors of the Federal Reserve System (Board) and the Bureau of Consumer Financial Protection (Bureau). These reviews assess and promote economy, efficiency and effectiveness and help prevent and detect fraud, waste and abuse in Board and CFPB programs and activities. The incumbent may also assist with information technology audits, OIG investigations, and follow-up reviews of previous OIG reviews to determine if recommended actions were implemented. Audit and attestation 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.
At the FR-23 grade, a bachelor's degree from an accredited college or university in accounting, finance, economics, business, or related field, or equivalent experience. Knowledge of principles, theories, practices, and techniques of accounting, management, and auditing/inspecting/evaluating to assist with, plan, and conduct reviews of the Board or Bureau's programs and operations. Knowledge and skills to evaluate compliance with applicable laws and regulations, the adequacy of internal controls, and the operational efficiency and effectiveness of systems and activities. Proficiency in oral and written communication skills. Excellent interpersonal skills and ability to work well in a team environment. Ability to obtain a Secret clearance, and is subject to the Board's drug testing program. Prefer examination in one or more of the following: Certified Public Accountant, Certified Internal Auditor, Certified Fraud Examiner, and/or Certified Information Systems Auditor.
In addition, at the FR-24 grade, at least one year of audit, financial accounting, or related experience.
In addition, at the FR-25 grade, at least three years of audit, financial accounting, or related experience. Experience conducting financial or performance reviews under GAGAS or other such standards. General knowledge/understanding of automated data processing procedures and controls. High degree of proficiency in oral and written communication skills. Excellent interpersonal skills and ability to work well within a team environment.
The Federal Reserve System is the central bank of the United States.
It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve
conducts the nation's monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy;
promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad;
promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole;
fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and
promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.