Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Accounting & Finance
Boston, MA, USA
Posted on Tuesday, June 11, 2024


Federal Reserve Bank of BostonAs an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

This job is eligible for a hybrid schedule with some on-site work expected. The individual is expected to reside in the 1st District unless you were given an exception.

This position is responsible for assisting in the performance of or coordinating moderately complex audits and other projects. This position may also be responsible for leading less complex audits and projects.

Principal Accountabilities

  • 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.
  • Execute the approved audit program in accordance with established policies and standards under general supervision.
  • Define appropriate scope and objectives, 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.
  • Plan, execute and assure the satisfactory completion of audit tasks and responsibilities.
  • Review, verify and analyze transactions, records, reports and procedures for accuracy and effectiveness.
  • 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.
  • Support the preparation of written reports to operations management at the conclusion of audit reviews.
  • Appraise the adequacy of corrective action taken to address reported audit exceptions as necessary.
  • Obtain and maintain a detailed knowledge base and awareness of activities in moderately-complex areas of assigned liaison coverage, review and analyze pertinent data, and assess the impact of changes.
  • Develop/maintain audit programs and risk assessments for assigned areas of liaison coverage.
  • Provide audit coverage to moderately-complex system development efforts and other projects, as required.
  • Assist on System and local audit projects having the goal of improving the efficiency and effectiveness of the Audit function.

Other Accountabilities

  • Perform other duties as assigned.


This position is not required to directly supervise others. On an assignment basis, this position may review the work of and also be responsible for providing input on performance for colleagues at the same or less senior level who are contributing towards an audit engagement.

Knowledge and Experience

  • Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor's degree and a minimum of 2 years of job-related experience.
  • Adept at thinking critically and analyzing data from a variety of sources.
  • Exhibits strong communication skills including strong verbal and writing skills.
  • Knowledge of Microsoft Office and other automated tools preferred.

The Federal Reserve Bank is committed to a diverse, equitable 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.

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. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.

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.

For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.

The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.

All applicants must have resided in the United States for at least three (3) years.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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