Assistant Vice President - Assistant General Auditor

Salary depends on experience
Posted on 11/20/17
11 - 15 years experience
Financial Services
Salary depends on experience
Posted on 11/20/17

Job Summary:



This position assists the General Auditor in directing all internal audit activities for the Bank, oversees risk assessment activities and audit coverage, and provides administrative oversight for the department.



 Principal Responsibilities:



  • Assists in the development and communication of the department’s goals and objectives. Determines key targets and milestones and documents progress on a quarterly scorecard.


  • Encourages and rewards strong performance, innovative ideas, and appropriate risk taking to influence the effectiveness and efficiency of department operations.


  • Develops and executes an annual audit program using the risk assessment methodology approved by the System-level Conference of General Auditors and ensures that business areas receive the appropriate level of audit attention in terms of scope and frequency of coverage.


  • Ensures that audit work is conducted in accordance with the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing, and that auditors comply with IIA’s Code of Ethics.


  • Develops an annual budget that is sufficient to carry out an effective audit program. Ensures sufficient staffing levels with the requisite knowledge, skills, and experience to execute an effective audit program.


  • Oversees the department training program to ensure that staff is provided appropriate development and training opportunities.


  • Investigates and reports on irregularities, including risk events, fraud and other matters.


  • Oversees the development of presentations and reports to the Audit Committee of the Board of Directors. Makes periodic presentations to the Audit Committee on department performance and annual audit program.


  • Manages internal and external relationships. Communicates and facilitates coordination with internal audit clients, the Board of Governors’ Division of Reserve Bank Operations and Payment Services, our external auditor, the Conference of General Auditors, and other audit entities.


  • May lead, and serves as a member of, system-level workgroups for the Conference of General Auditors. Provides written and verbal reports on results of assignments.


  • Serves as an Audit liaison to Bank committees and advisory groups. Makes judgments and evaluations regarding risk management and controls, and communicates with management on the effectiveness of controls.


  • Administers department matters, including items such as:


    • Leadership development, succession planning, and training activities,

    • Strategic objectives and resource planning,

    • Budgeting and expense monitoring,

    • Quality assurance, and

    • Audit policies, practices, and procedures.


  • Performs other activities as assigned by the General Auditor or the Audit Committee of the Board of Directors.

    Other Accountabilities:


    Perform other duties as assigned.


    Supervisory Responsibilities:


  • Supervises audit directors and the activities of the department’s administrative assistant.


  • Exercises general supervision over all Bank audit activities. These primarily include internal audits, external auditor and Board staff relationships, and employee and administrative matters.


    Knowledge and Experience:


    Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor’s degree (a Master’s degree is preferred). 10+ years of progressive corporate audit leadership experience with record of increasing responsibility and breadth of experience that encompasses the size and complexity of the function.. Certification as a Certified Public Accountant, Certified Internal Auditor, Certified Information Systems Auditor, or other relevant professional certification is required.  



    Strong, leadership attributes in the following areas are required:  

    • Building Relationships

    • Business Acumen

    • Communicating with Influence

    • Critical Thinking and Judgment

    • Embracing Change and Innovation

    • Governance, Risk, and Control

    • Leveraging Automated Solutions and Data Analysis

    • Program/Project Auditing including Audit Acumen and Delivery

    • Information Technology and Security

    • Driving for results

    • Staff development

    • Working through conflict 


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