Senior Auditor

FHLBank; Chicago (IL); On-site; USD 90,000 - 151,000; Full time

Benefits offered by this job

401K and Pension

Medical, dental and vision insurance

Lifestyle Spending Account

Competitive PTO

11 paid holidays

Work from home options

Casual dress code

Job summary

FHLBank Chicago is seeking an experienced Internal Audit professional to join our team and drive risk-based audits across planning through reporting. You will partner with stakeholders to evaluate controls, identify unmitigated risks, and deliver practical, value-added recommendations.

You will lead audit projects, coordinate interviews, develop tests, and mentor staff while applying data analytics to expand audit coverage. A CIA or CPA and 4+ years of banking audit experience are preferred.

Qualifications

• Bachelor’s degree in Finance, Accounting or equivalent practical experience.
• 4+ years banking or financial services audit experience.
• Basic MS Office experience (Excel, Word).
• Understanding of industry audit frameworks.
• CIA, CPA or other relevant certification or working towards certification.
• Understanding and/or experience working in the secondary mortgage market is a plus.
• Understanding and/or experience in financial markets is a plus.
• Experience in utilizing data analytics tools to generate audit insights over data populations.
• Proficiency with Alteryx, Tableau, or Microsoft SQL is strongly recommended.

Responsibilities

• Lead risk-based audit projects from planning through reporting to stakeholders.
• Coordinate the project team’s interviews and walkthroughs with client personnel.
• Lead the project team’s execution and documentation of tests.
• Oversee and communicate emerging risks, audit issues and recommendations.
• Prepare audit reports that summarize scope, conclusions and recommendations.
• Collaborate with clients to evaluate controls and advise on enhancements.
• Participate in change projects to identify and communicate risks before implementation.
• Supervise project team members and review working papers.
• Develop and utilize data analytic tools to generate insights for audits.
• Ensure audits are completed within timelines per department methodology.
• Demonstrate adaptability to evolving business needs and environments.
• Perform other duties as assigned.

Skills

Banking audit experience

MS Office

Audit frameworks

Data analytics

Alteryx/Tableau/SQL

Mortgage market knowledge

Financial markets knowledge

Education

Bachelor’s degree in Finance/Accounting

CIA or CPA certification

Tools

Alteryx

Tableau

Microsoft SQL

Job description

At the Federal Home Loan Bank of Chicago, employees come first - that’s why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. Collaborative, in-office operating model

• Retirement program (401k and Pension)
• Medical, dental and vision insurance
• Lifestyle Spending Account
• Competitive PTO plan
• 11 paid holidays per year

Who we are

FHLBank Chicago partners with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for their community investment activities. We are one of 11 Federal Home Loan Banks created by Congress in 1932 as a government sponsored enterprise to support mortgage lending and community investment. We are member owned and member focused. Our members include banks, credit unions, insurance companies and CDFIs (Community Development Financial Institution).

What it’s like to work here

At FHLBank Chicago, we bring people together. Our regular All-Staff meetings keep employees informed and our values drive the work that we do. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our Employee Value Proposition is honed by listening and identifying the needs and priorities of our valued employees. We volunteer and identify ways to strengthen our communities. Employee Resource Groups (ERGs) and culture clubs create connections around shared interests and experiences. We offer live and on-demand professional development opportunities to grow your skillset and your career.

What You’ll do

In this role as a member of the Internal Audit team, you will have the opportunity to influence change by developing innovative approaches that help drive continuous audit improvement. We encourage our team members to think creatively and challenge the status quo. You’ll be expected to take initiative and exercise critical thinking in delivering practical, value-added recommendations to enhance the control environment.

How you’ll make an impact:

• Influence and accrue over time with each improved process to help reduce cost and inefficiencies
• Provide assurance on the effectiveness of risk management / mitigation activities to reduce unwanted risks and improve operational efficiencies
• Leverage systemic tools to expand audit analytics capabilities throughout the audit lifecycle for more targeted, effective and efficient audits.

What you can expect:

• Lead risk-based audit projects from planning through reporting to stakeholders while serving as the primary point of contact for stakeholders.
• Coordinate the project team’s interviews of and walkthroughs with client personnel to evaluate control design and identify areas of unmitigated risk.
• Lead the project team’s execution and resulting documentation of tests that validate the effectiveness of controls.
• Oversee and coordinate the project team’s identification and communication of emerging risks, audit issues and recommendations to client personnel.
• Prepare audit reports that summarize the audit scope, conclusions, findings and recommendations.
• Collaborate with clients in the evaluation and assessment of departmental controls and processes and advise on enhancements.
• Participate in change projects to identify and communicate risks before implementation.
• Supervise project team members and review working papers.
• Develop and utilize data analytic tools to generate insights and inform the audit approach.
• Ensure that assigned audits are completed within agreed-upon timelines in accordance with department methodology.
• Demonstrate ability to adapt to evolving business needs and changes, including different role requirements, or environments and work with a sense of focus and urgency.
• Perform other duties as assigned.

What you’ll bring:

• Bachelor’s degree in Finance, Accounting or equivalent practical experience.
• 4+ years banking or financial services audit experience.
• Basic MS Office experience (Excel, Word)
• Understanding of industry audit frameworks
• Certified Internal Auditor (CIA), Certified Public Accountant (CPA) or some other relevant certification or working towards certification.
• Understanding and/or experience working in the secondary mortgage market is a plus.
• Understanding and/or experience in financial markets is a plus.
• Experience in utilizing data analytics tools to generate audit insights over data populations.
• Proficiency with Alteryx, Tableau, or Microsoft SQL is strongly recommended.

The Perks

At FHLBank Chicago, employees come first. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

• Our retirement program includes a 401K and Pension.
• Our generous PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year.
• We offer work from home options and a casual dress code at our beautiful new space in the Old Post Office.

Step into your future with us.

Salary Range: $90,400.00 - $150,700.00 The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc

Our mission at FHLBank Chicago:

To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities. Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.