Senior Vice President, General Auditor

Overview

The Senior Vice President and General Auditor is responsible for the strategic leadership and oversight of the Bank's Audit Department. This role ensures independent evaluation of the adequacy, effectiveness, and efficiency of the Bank's system of internal controls. The General Auditor influences the improvement of quality and performance in governance and risk management practices through planning and executing all internal audit activity for the Bank and, where interdependencies exist, with other Federal Reserve Banks.

The Senior Vice President and General Auditor is also a member of the Bank’s Executive Leadership Team (ELT) and will work with ELT peers to advance an inclusive culture and provide strategic direction and oversight of the Federal Reserve Bank of Cleveland (FRBC).

• Reports directly to the Chair of the Audit Committee of the Bank's Board of Directors
• Reports administratively to the Bank’s President
• Serves as a member of the Bank's Executive Leadership Team

• Keeps Audit department aligned and focused on providing high-quality audit services to support the FRBC and Federal Reserve System (FRS). Drives innovation and continuous improvement to audit processes.
• Oversees the development and implementation of the annual audit schedule that provides appropriate audit coverage while following System audit risk frequency guidance and considers risks or control concerns identified by the Audit Committee and management.
• Guides the Bank to improve efficiency and effectiveness in internal control, governance, and risk management processes within the District and, where there are interdependencies, with other Federal Reserve Banks, while promoting sound risk taking, effective controls, and appropriate levels of compliance.
• Through the Audit Committee, provides the Board of Directors with independent and objective assurance of the Bank's risk management, control, compliance, and governance processes.
• Works with senior management and other key parties, including the Audit Committee/Board of Directors, external auditor, and the Board of Governors to maintain understanding and high level of communication regarding the execution and ongoing management of the internal audit strategy, including sensitive control issues, emerging risks and fraud prevention.
• Fosters the development of audit professionals and future leaders of the department and the Bank; ensures that key talent has the needed capabilities and adaptability to meet continually evolving demands and expectations; identifies and develops the skills needed to be a valued advisor at all levels of the FRS audit community.
• Provides independent audit assurance and advisory services to assist Bank senior management in achieving its goals and objectives within the FRBC’s risk appetite.
• Participates in the Conference of General Auditors, and other System committees/work groups that align with key audit responsibilities. Represents the Bank and may assume leadership positions at the Federal Reserve System level, including developing, recommending and implementing significant audit related System initiatives.
• Ensures that audit activities conform to the Global Internal Audit Standards and established audit procedures.
• Leads coordination of activities with external review groups including external auditors, Board of Governors staff, Government Accountability Office, U.S. Treasury, and others
• Oversees department budget development and presents to the Audit Committee for approval
• Exhibits utmost integrity and the ability to ensure the confidentiality of highly sensitive information.

• Bachelor's degree in business administration, finance, accounting, computer science, or equivalent field required.
• Fifteen years or more of related work experience with at least ten years of demonstrated leadership experience in leading or sponsoring large, successful audit and/or compliance programs.
• Certification preferred:
  Certified Public Accountant (CPA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA)
• Understanding of the Global Internal Audit Standards and leading internal audit…