Audit Specialist Salary at Federal Reserve System BETA

How much does a Federal Reserve System Audit Specialist make?

As of March 2025, the average annual salary for an Audit Specialist at Federal Reserve System is $141,848, which translates to approximately $68 per hour. Salaries for Audit Specialist at Federal Reserve System typically range from $129,167 to $155,069, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Federal Reserve System Overview

Website:
federalreserve.gov
Size:
15,000 - 50,000 Employees
Revenue:
>$50B
Industry:
Edu., Gov't. & Nonprofit

The Federal Reserve System is the central banking system of the United States of America that conducts monetary policy to support a healthy economy. The Federal Reserve is based in Washington D.C.

See similar companies related to Federal Reserve System

What Skills Does a person Need at Federal Reserve System?

At Federal Reserve System, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Internal Audit: Internal auditing is an independent, objective assurance and consulting activity designed to add value to and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. Internal auditing achieves this by providing insight and recommendations based on analyses and assessments of data and business processes. With commitment to integrity and accountability, internal auditing provides value to governing bodies and senior management as an objective source of independent advice. Professionals called internal auditors are employed by organizations to perform the internal auditing activity. The scope of internal auditing within an organization is broad and may involve topics such as an organization's governance, risk management and management controls over: efficiency/effectiveness of operations (including safeguarding of assets), the reliability of financial and management reporting, and compliance with laws and regulations. Internal auditing may also involve conducting proactive fraud audits to identify potentially fraudulent acts; participating in fraud investigations under the direction of fraud investigation professionals, and conducting post investigation fraud audits to identify control breakdowns and establish financial loss.
  2. Internal control: Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.
  3. Auditing: Auditing refers to the independent examination of financial information of any entity whether profit oriented or not. It is a safeguard measure that prevents corruption.
  4. Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
  5. CPA: A CPA, or Certified Public Accountant, is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals.

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Check more jobs information at Federal Reserve System

Job Title Average Federal Reserve System Salary Hourly Rate
2 3 Technical Support Analyst $127,449 $61
3 Account Manager $97,122 $47
4 Accountant $108,246 $52
5 Adjunct Instructor $36,848 $18
6 Admin. Assistant $77,057 $37
7 Administrative Analyst $64,086 $31
8 Administrative Specialist II $64,086 $31
9 Advisor $64,964 $31
10 AP & AR Analyst $74,922 $36
11 Art Director $174,353 $84
12 Assistant Chief of Police $144,685 $70

Hourly Pay at Federal Reserve System

The average hourly pay at Federal Reserve System for an Audit Specialist is $68 per hour. The location, department, and job description all have an impact on the typical compensation for Federal Reserve System positions. The pay range and total remuneration for the job title are shown in the table below. Federal Reserve System may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $141,848 look to you?

FAQ about Salary and Jobs at Federal Reserve System

1. How much does Federal Reserve System pay per hour?
The average hourly pay is $68. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Federal Reserve System?
According to the data, the highest approximate salary is about $155,069 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Federal Reserve System?
According to the data, the lowest estimated salary is about $129,167 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.