Data Scientist (Internal Audit)

October 26, 2024

Federal Reserve Bank of Minneapolis

We are Internal Audit for the Federal Reserve. Join our team and embark on an extraordinary career journey!

The Internal Audit function plays a critical role in providing independent, comprehensive, and objective services that enhance and protect the organizational value of the Federal Reserve System. We work closely with all business functions and all levels of leadership to ensure appropriate risk management is applied within processes, which supports the successful achievement of stakeholders’ strategic initiatives and the Federal Reserve’s public service mission.

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As part of the nation’s central bank, we touch the lives of millions of Americans every day. Our public service mission is to strengthen the economy and our communities by fostering the stability, integrity, and efficiency of our nation’s monetary, financial, and payments systems. When you join our team, you’ll work alongside talented professionals who are committed to promoting a sound financial system and a healthy economy. With a culture rooted in inclusive relationships, personal development, and work-life balance, we are truly a place where your perspective, talents, and skills will allow you to thrive.

We are seeking enthusiastic and innovative teammates, who desire a unique and challenging career experience unlike anywhere else! Come join us, and let your intellectual curiosity lead you through a career at our dynamic organization.

History Made Daily. Be Part of the Story.

A great opportunity to work in a supportive, collaborative, and team environment where work/life balance is an important part of the culture. The Audit department of the Federal Reserve Bank of Minneapolis (Bank) is looking for someone who thrives on new experiences and challenges, is highly motivated, and has the ability and willingness to learn quickly and think outside the box. You will also be able to exhibit your leadership and critical thinking skills, unique perspectives, and experiences while working closely with all levels of management and staff across the organization.

The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are expected to be in the office 3 days per week for meetings and team collaboration.

Essential Functions:

Assist with the development of a Data, Analytics, and Automation approach for the Audit department.
Grow Audit Department data efforts including supporting the Data Analytics Team, providing training related to data analytics, and working with business lines to understand available data to expand the use of analytics for continuous monitoring and within audits.
Work with Audit personnel, partners, IT, the Federal Reserve System Audit community to identify data requirements, data governance, data sources, data transformation, and data visualization/reporting needs.
Support the development of the infrastructure required for extraction, transformation, and loading of data from several data sources using multiple big data technologies. Build analytic tools that use the data pipeline to provide relevant, data-driven insights into operational efficiency, operational compliance, identify new risks, improve our processes.
Plans, conducts and/or may lead financial, operational, technical, and/or project audits that evaluate risks and controls for the various departments and/or System to ensure compliance with the organization's policies, procedures, and standards.
Identifies controls, assesses processes, documents work performed and develops recommendations.
Prepares audit reports and conducts meetings with various level of Bank management to effectively communicate audit results and recommendations with support from Auditor in charge and/or Audit management.
Performs audits and coordinates with other audit staff in accordance with the International Professional Practices Framework of the Institute of Internal Auditors (IIA) and Code of Ethics as established by the IIA.
Acquires and demonstrates in-depth and detailed knowledge of multiple assigned primary audit areas, a general knowledge of secondary resource audit areas, and System level activities.
As Auditor-in-Charge, provides effective support to department management in the areas of staff direction, training and first level workpaper review.
Exhibits a high level of efficiency, accuracy, integrity, organizational skills, and attention to detail.
Performs other duties as assigned.

Technical Requirements:

Familiarity with programming languages (e.g., Python, R, SQL Queries, PowerShell, etc.)
Familiarity with data analytics & automation tools (e.g., Tableau, Alteryx, PowerBI, PowerPlatform, etc.)
Understanding of Robotic Process Automation (RPA) (e.g., UiPath, Blue Prism, Etc.)

Qualifications:

Senior Auditor: Bachelor's degree required AND four (4) years of Audit and/or job-related experience OR a master's degree AND two (2) years of Audit and/or job-related experience.
Principal Auditor: Bachelor's degree required AND six (6) years of Audit and/or job-related experience OR a master's degree AND four (4) years of Audit and/or job-related experience.
Demonstrated ability to leverage technology, automation, and analytic techniques to provide insightful perspectives in an effective and efficient manner.
Analytical thinker, problem-solver, and the ability to manage multiple priorities with competing deadlines.
Collecting, organizing, and synthesizing complex data; summarizing conclusions and developing recommendations independently.
Ability to work well with people from different disciplines, organizational levels, and with varying degrees of experience.
Demonstrated understanding and ability to execute risk-based auditing concepts and testing strategies.
Self-motivated and proactive in managing workload and professional development.
Demonstrates strong analytical, written/verbal communication skills, interpersonal, and relationship building skills with business lines.