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Summary
No Job Description Available
Assistant Inspector General for Audits and Evaluations
Summary: Under the supervision of the Associate Inspector General for Audits and Evaluations (AIGA), the Assistant Inspector General for Audits and Evaluations is responsible for providing support, direction, and oversight to the Office of Inspector General’s (OIG’s) audit and evaluation activities, which are designed to independently and objectively audit and evaluate the economy, efficiency, and effectiveness of the programs and operations of the Board of Governors of the Federal Reserve System (Board) and, consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), the Consumer Financial Protection Bureau (CFPB). Within broad policy guidance from the Inspector General (IG) and Deputy Inspector General (DIG), and under the leadership of the AIGA, provides leadership for conducting legislatively mandated and discretionary audits, evaluations, and other reviews to assist the Board and the CFPB in achieving their respective missions, including audits, evaluations, inspections, or other reviews to assess program operations and performance, internal controls, information security, and compliance with applicable laws and regulations.
This position is located in Washington, DC.
Principal Duties And Responsibilities
- Works closely with the AIGA to create and sustain a dynamic, high-performance culture that fosters employee engagement, integrity, high ethical values and standards, and which is conducive to staff providing the highest quality work.
- Supports the AIGA in execution of the strategic direction for the OIG’s audit and evaluation activities in the areas of supervision, rulemaking, and regulations; intelligence/information technology; and agency administration. Provides leadership for the OIG’s annual audit plan and oversees audits, evaluations, and inspections projects and their specific objectives, scope, and methodologies, including statutorily mandated reviews of state member bank failures and other mandated reviews.
- Supports the planning and execution of the OIG’s audits, evaluations, or other reviews to ensure that they are conducted consistently with the applicable audit, evaluation, and inspection standards; OIG policy, procedures, and values; and agreed-upon milestones and timeframes.
- Reviews, edits, approves, and signs audit, evaluation, and inspection reports, as appropriate. May present the results to the Board, the CFPB, or the System.
- Assist in overseeing all audit and evaluation activities in response to allegations referred to the audit and evaluation program from the OIG’s Hotline or the Department of Justice. Maintains the confidentiality of complainants and informants and ensures compliance with applicable policies and procedures.
- Supports the IG’s participation in CIGIE audit or inspection and evaluation committees. Supports the IGl’s participation in the Council of Inspectors General for Financial Stability Oversight consistent with the Dodd-Frank Act, to include the OIG’s section on the mandated report.
- Supports the preparation of the audit related sections of the OIG’s semiannual reports to the Congress, and coordinates and oversees the preparation of congressional testimony. Delivers presentations on the OIG’s audits and evaluation activities and specific project results, to include interacting with congressional stakeholders and potentially testifying before Congress, as applicable.
- Supports the development and maintenance of audit and evaluation policies and procedures, consistent with applicable standards and guidelines. Assists in the preparation of the OIG audits and evaluations program for a successful external peer review by another OIG and supports the management of the OIG’s responsibilities in the peer review process consistent with standards. Leads an audit peer review of another OIG, upon request of AIGA.
- Assists in the coordination of audit and evaluation activities with other audit agencies such as the GAO and other OIGs, and the Federal Reserve Bank general auditors. May be designated as an OIG liaison to the federal audit and evaluation community.
- Fosters the training, growth, and career development of the OIG staff through focused coaching, feedback, and development efforts to build leaders and managers capable of meeting current and future challenges in the OIG, and to help ensure effective succession planning.
- Other duties as assigned.
Minimum Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Bachelor’s degree or higher in business administration, finance, accounting, or equivalent experience.
- Ten or more years of demonstrated experience in the fields of accounting, auditing, financial analysis, management analysis, public administration, information technology, or related field, or comparable role.
- At least five years of previous management experience required. Demonstrated expertise in leading people, including setting strategy, establishing aligned performance expectations, providing clear and actionable feedback, and developing people.
- Requires expert knowledge of Government Auditing Standards, CIGIE Quality Standards for Federal Offices of Inspector General, Quality Standards for Inspections, and Quality Standards for Investigations, as well as expert knowledge of auditing principles, techniques, methods, and procedures.
- Knowledge of the Federal Reserve Systems and the Board and CFPB’s primary mission areas and administrative operations, as well as knowledge of information technology and its application to Board and CFPB programs and operations preferred.
- Requires a high level of analytical ability and outstanding written and oral communication skills.
- Must be able to work effectively with Board Members, division directors, and other senior Board, CFPB, and System management officials, and staff of other agencies and of Congress.
- Must be able to direct professional staff and contractors, manage their workload, assure prompt and satisfactory completion of their assignments, assess staff performance, and manage assigned resources.
- Must have or be able to obtain and maintain the required security clearance appropriate to the sensitivity of information and systems accessed. Is subject to the Board’s drug testing program.
Minimum Education: Bachelor's Degree
Minimum Management Years of Experience: 5 years
Knowledge, Skills And Abilities
- Strategic thinker with demonstrated strong project execution and project management capabilities, analytical skills, political savvy, and conflict mediation skills.
- Demonstrated experience and commitment to fostering collaboration and employee engagement.
- Ability to lead and manage staff and projects effectively, set priorities, assess performance, guide staff development and make budgetary recommendations.
- Ability to balance competing interests among a variety of stakeholders and readily readjust priorities to respond to pressing and changing stakeholder demands. Must be able to anticipate and meet the stakeholders’ needs while maintaining high-quality end products.
- Exceptional organization savvy and agility as demonstrated by ability to manage across organizational boundaries, building high performing teams, diminishing organizational silos, strengthening teams, and facilitating effective group and team dynamics.
- Requires the ability to communicate effectively, both orally and in writing, with all levels of staff and management.
Stakeholder Contacts
- Has regular contact with all staff in the function(s) to stay connected to the pulse of the division, provide leadership, and act as a role model.
- Has frequent contact with senior staff and other professionals in the division, elsewhere at the Board, and the Reserve Banks regarding matters pertaining to area(s) of responsibility.
- Has frequent contact with members of the Board, both in discussions and through memoranda, regarding matters pertaining to area(s) of responsibility.
- Has frequent contact with individuals from other federal agencies, international organizations, and in the private sector regarding the subject matters in area(s) of responsibilities.
Board Competencies
- Decision Quality: Makes timely, thoughtful, strategic decisions
- Learning Agility: Takes responsibility for building organizational agility
- Drive for Excellence: Delivers results by developing shared vision and direction for the organization
- Perspective and Strategic Agility: Leads and acts with the future in mind
- Collaborative Relationships: Sets the tone for collaborative organization
- Effective Communication: Effectively speaks and acts on behalf of the Board
Officer And Internal Management Responsibilities
- Acts as responsible steward to the function(s), Division, and Board by demonstrating proficiency in the Board’s espoused competencies.
- Balances and mitigates key organizational and functional risks where appropriate, and develops and executes sustainable risk mitigation strategies.
- Fosters a continuous learning culture.
- Exercises appropriate judgment and decision-making in complex situations.
- Demonstrates innovation and thought leadership relevant to future-state organizational and functional people strategies.
- Demonstrates strong leadership and management skills aligned to the Board’s espoused values.
- Keeps skills and knowledge current and aligned to best practices relative to key rules, regulations, and policies, as well as economic, political, and social trends that affect the organization. Understands near-term and long-term needs for the organization and determines how operations should be positioned to meet such needs.
- Demonstrates proficiency in political savvy, organizational savvy, and interpersonal communication skills.
- Provides guidance, coaching, and feedback to, and conducts performance reviews for managers and other direct reports, and ensures same is provided to all function staff.
- Responsible for accomplishing approved program objectives for area(s) of responsibility within the financial and personnel resources allocated by the Board and the division's senior management.
- Participates in the development of the division’s strategic plan, goals, and budget. Recommends program objectives and their priorities for area(s) of responsibility.
- Recommends personnel actions involving promotions, reclassifications, merit increases, and reassignments or separations in area(s) of responsibility.
Position Demands
- Ability to exercise independent and sound judgment in establishing objectives for assigned area(s) of responsibility that provide support and services for the divisions and Board’s missions.
- Ability to translate customer service and organizational development theories and best practices into effective strategies for adoption in area(s) of responsibility to achieve and maintain high levels of customer service.
- Ability to communicate effectively, both orally and in writing, to the Board and individual members thereof, senior Board staff, other Board and Reserve Bank staff: and staff at other government agencies and in the private sector on complex and technical matters.
- Ability to be an effective spokesperson and advocate for the Board and the division in outside contacts, which may involve significant business dealings.
- Ability to operate under pressure to meet deadlines accurately and in a timely manner.
Remarks
There are two positions available overseeing the following functions:
- Audit teams covering the full breadth and scope of the Board/CFPB’s programs and operations including banking supervision, economic research, payments systems, agency operations, and information security. Our team also oversees an independent public accountant in performing a financial statement audit of the Board.
- Experience leading and overseeing a portfolio of as many as 10 ongoing projects including those of an extended duration between 6 to 15 months to completion, developing the future leaders of an organization, and a comfort level taking developmental risks with their team members.
- Proven success creating high performing teams and generating positive team morale.
- Superior writing and editing skills – direct, succinct, and effective communicator. Proficient in communicating technical topics in a readily understandable manner.
Past performance evaluations may be requested.
Selectees must be able to obtain and maintain up to a TS/SCI security clearance. Is subject to the Board’s drug testing program.
Selectees will be required to complete a privacy waiver authorizing the OIG to contact previous federal employers.
This position is located in Washington, D.C. The OIG’s telework policy requires employees to be physically present in the office full-time. Relocation assistance is not available.
Job Type
Regular
Job Exempt
Yes
Relocation Provided:
No
Compensation Grade(s)
FR PAY GRADE D3
Pay
$228,400.00 - $311,800.00
Rehabilitation Act
The Board complies with the Rehabilitation Act of 1973, as amended, and provides job applicants with disabilities reasonable accommodations to assist them in applying for jobs at the Board. If you have a disability and would like to request an accommodation in order to apply for a job at the Board, please call 202-452-3880 or e-mail
[email protected].
Equal Opportunity Employer
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services.
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Paperwork Reduction Act
OMB No. 7100-0181
Approval Expires October 31, 2029
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