Auditor/Senior Auditor

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Minneapolis, MN, USA
Posted on Tuesday, July 9, 2024


Federal Reserve Bank of MinneapolisWe are Internal Audit for the Federal Reserve. Join our team and embark on an extraordinary career journey!

The Internal Audit function plays a critical role in providing independent, comprehensive, and objective services that enhance and protect the organizational value of the Federal Reserve System. We work closely with all business functions and all levels of leadership to ensure appropriate risk management is applied within processes, which supports the successful achievement of stakeholders’ strategic initiatives and the Federal Reserve’s public service mission. As part of the nation’s central bank, we touch the lives of millions of Americans every day. Our public service mission is to strengthen the economy and our communities by fostering the stability, integrity, and efficiency of our nation’s monetary, financial, and payments systems. When you join our team, you’ll work alongside talented professionals who are committed to promoting a sound financial system and a healthy economy. With a culture rooted in inclusive relationships, personal development, and work-life balance, we are truly a place where your perspective, talents, and skills will allow you to thrive.

We are seeking enthusiastic and innovative teammates, who desire a unique and challenging career experience unlike anywhere else! Come join us, and let your intellectual curiosity lead you through a career at our dynamic organization. History Made Daily. Be Part of the Story.

A great opportunity to work in a supportive, collaborative, and team environment where work/life balance is an important part of the culture. The Audit department of the Federal Reserve Bank of Minneapolis (Bank) is looking for someone who thrives on new experiences and challenges, is highly motivated, and has the ability and willingness to learn quickly and think outside the box. You will also be able to exhibit your leadership and critical thinking skills, unique perspectives, and experiences while working closely with all levels of management and staff across the organization.

Essential Functions:

  • Plans, conducts and/or may lead financial, operational, technical, and/or project audits that evaluate risks and controls for the various departments and/or System to ensure compliance with the organization's policies, procedures, and standards.

  • Identifies controls, assesses processes, documents work performed and develops recommendations.

  • Prepares audit reports and conducts meetings with various level of Bank management to effectively communicate audit results and recommendations with support from Auditor in charge and/or Audit management.

  • Performs audits and coordinates with other audit staff in accordance with the International Professional Practices Framework of the Institute of Internal Auditors (IIA) and Code of Ethics as established by the IIA.

  • Acquires and demonstrates in-depth and detailed knowledge of multiple assigned primary audit areas, a general knowledge of secondary resource audit areas, and System level activities.

  • As Auditor-in-Charge, provides effective support to department management in the areas of staff direction, training and first level workpaper review.

  • Exhibits a high level of efficiency, accuracy, integrity, organizational skills, and attention to detail.

  • Performs other duties as assigned.


  • Auditor: Bachelor's degree with zero (0) to four (4) years of Audit, Compliance, Risk, or closely related job experience.

  • Senior Auditor: Bachelor's degree AND four (4) years of Audit, Compliance, Risk, or closely related job experience OR a master's degree AND two (2) years of Audit, Compliance, Risk, or closely related job experience.

  • Demonstrated ability to leverage technology, automation, and analytic techniques to provide insightful perspectives in an effective and efficient manner.

  • Analytical thinker, problem-solver, and the ability to manage multiple priorities with competing deadlines.

  • Collecting, organizing, and synthesizing complex data; summarizing conclusions and developing recommendations independently

  • Demonstrated understanding and ability to execute risk-based auditing concepts and testing strategies.

  • Self-motivated and proactive in managing workload and professional development.

  • Demonstrates strong analytical, written/verbal communication skills, interpersonal, and relationship building skills with business lines.

  • Professional certification is preferred (e.g., CPA, CIA, CISA, etc.).

Salary Range for Auditor: $60,900 - $76,140 - $91,400 Annually.

Salary Range for Auditor, Senior: $73,000 - $91,246 - $109,50 Annually.

Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.

Additional Information:

*The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are expected to be in the office 3 days per week for meetings and team collaboration.

*This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

  • Comprehensive healthcare options (Medical, Dental, and Vision)

  • 401(k) match, and a fully funded pension plan

  • Paid time off and holidays

  • Free public transportation passes

  • Annual educational assistance

  • On-site fitness facility

  • Professional development programs, training, and conferences

  • And more…

The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists, we work together to represent you in our economy.

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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