Senior Internal Auditor

The Senior Internal Auditor, under the direction of Audit Leadership, supports the execution of risk-based internal audits designed to evaluate internal controls, risk management and governance processes, regulatory compliance, and operational effectiveness. This role participates in all phases of the audit lifecycle, including planning, risk assessment, scoping, process walkthroughs, control identification, testing, evidence evaluation, workpaper documentation, root cause analysis, finding development, reporting, management discussions, and audit follow-up activities.

The Senior Internal Auditor gathers and analyzes information, identifies control gaps and opportunities for improvement, drafts well-supported audit findings and report sections, and collaborates with management, co-source providers, and external auditors to support practical, value-added recommendations and timely remediation. The position operates with guidance from the audit project supervisor while independently executing assigned responsibilities commensurate with experience and skill level.

The role requires sound judgment, professional skepticism, clear communication, attention to detail, and a demonstrated commitment to Internal Audit standards, Farmer Mac policies, and continuous improvement. In addition, the Senior Internal Auditor supervises staff auditors in the execution of, and/or directly performs, interim and year-end key control testing to support the company’s Sarbanes-Oxley Act Section 404 compliance program.

The Senior Internal Auditor position will report directly to the Manager of Internal Audit and work closely with Internal Audit team members, business stakeholders, co-source providers, and external auditors.

The position is based in the Washington, D.C. headquarters of Farmer Mac. Ours is a Presence with a Purpose work environment, which allows for flexibility in work location while providing opportunities for teams to come together in the office with purpose. Work outside of core hours may be required on an infrequent basis for planned and unplanned activities, to complete time-sensitive projects, or to attend off-site meetings or events.

• Demonstrate a strong understanding of the company’s business, operational processes, and supporting technology when performing risk-based audits of finance, accounting, business operations, compliance, and corporate governance processes.
• Support audit planning by preparing audit notifications, gathering background information, reviewing relevant policies and procedures, prior audit results, training materials, key controls, open issues, and regulatory requirements, and contributing to the development of audit scope and objectives.
• Assist with, and in some cases lead, audit walkthroughs to evaluate business processes, systems, data flows, risks, and key controls; prepare meeting agendas and questions; and document results accurately and completely.
• Identify key risks and controls and support the preparation of risk assessments, audit planning memo, test plans, and audit kick-off materials.
• Supervise staff auditors in executing, and/or directly execute, audit test steps in accordance with approved test plans and sampling methodologies, including requesting documentation, following up on outstanding items, evaluating audit evidence, and documenting results and conclusions in compliance with established workpaper requirements and the Global Internal Audit Standards.
• Prepare audit status updates, discussion materials, and meeting agendas to support timely, transparent communication with audit stakeholders.
• Identify control gaps, root causes, and opportunities for improvement based on…