Internal Auditor Associate II

Job Description

Job Description

Who we are:

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. 
• Proactively 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 escalate accepted 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 maintaining 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 Mi