Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland’s mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems while representing the Fourth District perspectives.

As part of the nation’s central bank, we are a team of mission-driven professionals who are committed to serving with excellence. Our core values are: Build Trust Every Day, Own Our Actions, Collaborate with Intention, and Be Open to Change.

For twenty-six years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed

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).

Reporting Structure

• 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

Responsibilities

• 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/ workgroups 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.

Qualifications/Skills

• 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 practices
• Knowledge of the Federal Reserve System, industry control frameworks such as COSO Enterprise Risk Management Framework and NIST Cybersecurity Framework, is desired.
• Track record of successful leadership with a commitment to operational excellence and proven execution and delivery, achieving exemplary results, including high-quality, risk-focused, and relevant audit services that respond to emerging and changing risks adeptly and flexibly.
• Proven ability to positively coach, lead, and develop others to achieve their professional best.
• Executive level business acumen and a demonstrated critical thinker with the analytical skills necessary to evaluate the costs, risks, and benefits associated with alternative actions before making recommendations.
• Strong collaboration skills and an interest in ensuring strong cross functional and enterprise-wide relationships with an ability to partner effectively with others in the pursuit of common goals.

Deadline for applications: February 6th, 2026

The expected starting salary range for this position is between ​$300k and $400k annually. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

The Cleveland Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.clevelandfed.org/careers

Citizenship requirements

In addition, all candidates must undergo an enhanced background check 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.

Physical Demands and General Working Conditions            

This is not necessarily an exhaustive list of all responsibilities, duties, standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time. 

Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to [email protected].

Bank’s Ethics Rules and Drug Testing:

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions.  If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting.

In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.  

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Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Executive Family Group

Work Shift

First (United States of America)

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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