Internal Auditor Associate II

Farm Credit Bank of Texas; Austin (TX); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Health and wellness benefits

401(k) retirement plan

Long‑term disability and lifeInsurance

Vacation leave, sick leave and paidH o

Fertility & parental leave

Volunteer days

Fitness incentive plan

Employer matching gifts

Job summary

Farm Credit Bank of Texas, headquartered in Austin, TX, seeks an Internal Auditor Associate II to perform operational, financial, and compliance audits across all bank departments under IA guidance. You will support risk-based audits, draft reports, and provide value-added recommendations while maintaining professional standards.

The role requires 2–4 years of audit experience, a relevant bachelor’s degree, strong communication, and the ability to travel as needed.

Qualifications

• Bachelor’s degree in accounting, business, finance, or a related discipline.
• Two (2) to four (4) years of experience in public accounting, internal auditing, regulatory auditing, or a combination of these areas.
• Working knowledge of accounting and financial systems, risk and controls, and industry‑standard internal audit practices.
• Demonstrated ability to perform audit procedures, analyze evidentiary data, identify control deficiencies, and support corrective action.
• Demonstrated ability to communicate effectively with all levels of management and outside parties.
• Ability to travel overnight for several days on an infrequent basis.
• Proficiency in Microsoft Office applications sufficient to support audit documentation, analysis, and reporting.

Responsibilities

• Survey functions and activities in assigned areas to determine the nature of operations and the adequacy of internal controls to achieve established objectives.
• Work with the VP Internal Audit or other Internal Audit management to prepare project-level risk assessments and identify business objectives, related financial, operational, reporting, and fraud risks, and mitigating controls.
• Develop audit scope, objectives, and audit programs and procedures derived from the risk assessment.
• Prepare reasonable project budgets based on approved scope and objectives.
• Prepare for and participate in entrance meetings with audit clients and other stakeholders.
• Perform audits in accordance with approved audit programs, departmental procedures, and professional standards under the guidance and supervision of the VP Internal Audit or other Internal Audit management.
• Obtain, analyze, and appraise evidentiary data to support informed conclusions regarding internal controls, compliance, and business goals.
• Monitor project progress to ensure engagements are completed within budget and timeline.
• Identify deficiencies in controls or activities and develop practical recommendations for corrective action.
• Draft accurate audit reports and participate in exit conferences with management.

Skills

Audit procedures

Communication

Microsoft Office

Analytical thinking

Education

Bachelor’s degree in accounting, business, finance, or a related discipline

Tools

Microsoft Office

Job description

Farm Credit Bank of Texas is a $42.2 billion wholesale bank that has been financing agriculture and rural America for over 100 years. Headquartered in Austin, Texas, we provide funding and services to rural lending associations in five states, and we are active in the nation's capital markets.

While you may not be familiar with our name, Farm Credit Bank of Texas plays a critical role in supporting the businesses that make it possible for America to maintain access to an affordable and safe food supply, an industry which is one of the most innovative and evolving of our time. And while you help us deliver on our mission, we deliver on our commitment to you as a valued employee by providing competitive compensation, generous health and wellness benefits packages and an attractive workplace located along the bluffs of the Colorado River just minutes west of downtown Austin.

We seek out top talent in their fields, whether it be technology, finance, accounting, credit, human resources, legal, or other administrative functions, and welcome you to join us in our mission to feed the world.

Position Description:

The Internal Auditor Associate II performs operational audits , financial audits , compliance audits, and consulting engagements, all of which may include IT-related aspects. These audits are performed across all Bank departments and divisions under the guidance of Internal Audit management to evaluate the adequacy and effectiveness of internal controls ; the accuracy and reliability of financial and operational information; the efficiency and effectiveness of business processes; compliance with laws, regulations, policies. The role supports the internal audit function through risk assessment, audit planning and development of risk-based audit scope and procedures , fieldwork execution, issue identification, reporting support, follow-up monitoring, and client relationship management . The Internal Auditor Associate II is also tasked with developing value-added recommendations and insights to the business through the course of audits and other assigned activities. All work is performed in accordance with departmental procedures, the Institute of Internal Auditors Standards, and the IIA Code of Ethics. The position contributes to independent assurance and advisory services by applying sound judgment, professional skepticism, confidentiality, and disciplined project execution within assigned audit budgets and timelines.

Day-to-Day Duties and Responsibilities:

• Survey functions and activities in assigned areas to determine the nature of operations and the adequacy of internal controls to achieve established objectives.
• Work with the VP Internal Audit or other Internal Audit management to prepare project-level risk assessments and identify business objectives, related financial, operational, reporting, and fraud risks, and mitigating controls.
• Work with the VP Internal Audit or other Internal Audit to develop audit scope, objectives, and audit programs and procedures derived from the risk assessment.
• Prepare reasonable project budgets based on approved scope and objectives.
• Prepare for and participate in entrance meetings with audit clients and other stakeholders.
• Perform audits in accordance with approved audit programs, departmental procedures, and professional standards under the guidance and supervision of the VP Internal Audit or other Internal Audit management .
• Obtain, analyze, and appraise evidentiary data to support informed and objective conclusions regarding the design and operating effectiveness of internal controls, compliance with laws, regulations, and Bank policies, and achievement of business goals within the audit scope .
• Actively monitor project progress to ensure engagements are completed within budget and within a reasonable duration, and establish and meet reliable milestone commitments.
• Identify deficiencies in controls or activities under review and develop practical recommendations for corrective action.
• Pro a ctively identify opportunities to enhance, augment, or otherwise add value to the business during the performance of audits and other assigned projects or activities through insights and value-added recommendations .
• Work with the VP Internal Audit or other Internal Audit management to draft accurate, timely, and well‑written audit reports that are consistent with professional standards and reflect collaboration with the business area under review.
• Prepare for and participate in exit conferences to communicate engagement results and discuss proposed observations and recommendations.
• Evaluate the adequacy of management responses to audit issues to determine whether risk is appropriately mitigated and escape approved risk to the Chief Audit Executive when appropriate.
• Perform follow‑up reviews to monitor open audit issues and confirm that planned corrective actions have been implemented and adequately address the underlying risk.
• Provide consulting services on special projects in accordance with agreed‑upon activities when assigned.
• Facilitate audits conducted by third‑party consultants when assigned.
• Cultivate positive relationships with audit clients by providing frequent progress updates, vetting potential issues as they arise, collaborating with management on practical recommendations, and working effectively around management priorities.
• Perform audit responsibilities in a professional manner in accordance with the IIA Global Internal Audit Standards and the IIA Code of Ethics , while maintain ing a high degree of integrity and confidentiality .
• Pursue professional development and maintain participation in relevant professional associations.

What You Bring to the Team:

• Bachelor’s degree in accounting, business, finance, or a related discipline.
• Two (2) to four (4) years of experience in public accounting, internal auditing, regulatory auditing, or a combination of these areas.
• Working knowledge of accounting and financial systems, risk and controls, and industry‑standard internal audit practices.
• Demonstrated ability to perform audit procedures, analyze evidentiary data, identify control deficiencies, and support development of corrective action recommendations.
• Demonstrated ability to communicate effectively with all levels of management and outside parties.
• Demonstrated ability to exercise sound judgment, maintain confidentiality, and perform work with integrity in a sensitive control environment.
• Ability to work with moderate supervision, manage assigned tasks within established budgets and timelines.
• Ability to travel overnight for several days on an infrequent basis.
• Proficiency in Microsoft Office applications sufficient to support audit documentation, analysis, and reporting.

Preferred Requirements:

• Experience in the financial services industry.
• Experience supporting operational, financial, or compliance audits in a regulated environment.
• Experience participating in risk assessments, process walkthroughs, and internal control evaluations.
• Familiarity with Institute of Internal Auditors standards and the IIA Code of Ethics.
• Progress toward or interest in professional certifications relevant to internal audit, accounting, or compliance.
• Familiarity with the use of artificial intelligence platforms to facilitate audit work and efficiency .

Why Farm Credit Bank of Texas:

In addition to a competitive salary, we offer comprehensive, affordable, and competitive benefit options that are focused on health and wellness, financial security, and achieving a work-life balance:

• Flexible health‑and‑wellness benefits, including medical insurance, prescription drug coverage, dental insurance, vision care, flexible spending accounts, and more.
• 401(k) plan that includes immediate vesting of a generous employer match and additional employer contribution.
• Long‑term disability and life insurance.
• Vacation leave, sick leave, and paid holidays.
• Fertility benefit and parental leave plan.
• Up to two days per year to volunteer in local community organizations, services, or events.
• Physical fitness incentive plan.
• Employer matching gifts program.

Important note: We care about your hiring process and take it seriously. A real person will review your application, meaning response timelines may vary. The interviewing process at Farm Credit Bank of Texas may include phone calls and emails, on‑site interviews, and requests for portfolios or demonstrations of work. We can't personally follow up with each applicant, and we will do our best to create a professional, respectful, and thorough process for candidates with whom we identify as a potential fit.

A/EOE/M/F/D/V

This role is located in Austin, TX.

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

As set forth in Farm Credit Bank of Texas’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.