Director Of Internal Audit
Director Of Internal Audit
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 108402 - 169107
1 Vacancy
Job Description
Agency:Teachers Retirement System of the State of Illinois
Closing Date/Time: 04/17/2025
Salary: $
Job Type: Salaried
County: Sangamon
Number of Vacancies: 1
****************A RESUME IS REQUIRED FOR THIS JOB POSTING****************
Please attach a DETAILED Resume/Curriculum Vitae (CV) to the MY DOCUMENTS section of your application. You WILL NOT be considered for the position if you attach a CMS100 CMS100b or any other document that is not a Resume or CV.
Why Work for Illinois
Working with the State of Illinois is a testament to the values of compassion equity and dedication that define our state. Whether youre helping to improve schools protect our natural resources or support families in need youre part of something biggersomething that touches the lives of every person who calls Illinois home.
No matter what state career youre looking for we offer jobs that fit your life and your scheduleflexible jobs that provide the gold standard of benefits. Our employees can take advantage of various avenues to advance their careers and realize their dreams. Our toptier benefits and great retirement packages can help you build a rewarding career and lasting future with the State of Illinois.
Job Summary
The Director of Internal Audit is accountable for the development implementation and maintenance of an annual internal audit plan to assure compliance with all applicable statutory requirements rules and internal policy. This position supervises the Internal Auditors and serves as an advisor to the Executive Director on matters involving compliance business procedures and effectiveness of internal operations. This position also provides consultation and technical assistance to TRS management and staff regarding riskbased decision making and serves as the Systems staff liaison to the Board of Trustees Audit Committee.
The Director of Internal Audit is responsible for the development implementation and maintenance of a comprehensive internal audit program which includes evaluation of operations and controls on all major TRS activities. This position provides independent objective assurance and consulting services designed to add value and improve the organizations operations. Audit work is completed in accordance with the International Standards for the Professional Practice of Internal Auditing and the Code of Ethics promulgated by the Institute of Internal Auditors. The incumbent presents oral and written reports to the Executive Director and executive management regarding the results of audits including recommendations for improvement. The position is also expected to provide proactive consultative recommendations related to System operations such that all activities policies and procedures are administered and implemented in the most effective means possible.
Essential Functions
- Lead and manage internal audit activities including planning and reporting
- Proactively offer counsel and advice on best practices for business processes throughout TRS.
- Oversee a comprehensive internal audit program that satisfies the requirements set forth in the Fiscal Control and Internal Auditing Act (FCIAA) including the annual development of a twoyear audit plan based on a risk assessment
- Effectively perform audits across the entire organization especially in areas that require technical expertise including Investments Information Technology and Member Services.
- Assist and oversee the work of external (contracted) auditors hired to assist Internal Audit in specialized areas.
- Monitor the planning activities for audits which includes defining the objectives and scope of the audit documenting business processes and procedures and developing the audit program.
- Ensure audits are performed in accordance with the International Standards for the Professional Practice of Internal Auditing and the Code of Ethics promulgated by the Institute of Internal Auditors. This includes collecting and analyzing data; testing compliance with internal and external rules laws and regulations; evaluating internal controls; identifying and developing potential issues and recommendations; and documenting the work performed in the audit work papers.
- Develop and maintain a system for the followup of findings and observations for both internal and external audits.
Essential Functions Continued
- Promote a riskaware culture throughout the organization by providing guidance direction and assistance to TRS management and staff
- Present audit reports including any findings and/or observations to the Executive Director Executive Management and the Audit Committee of the Board of Trustees.
- Monitor the planning and implementation of system implementation projects and operational enhancements to identify and mitigate potential risks offer counsel on best practices and anticipate and develop appropriate audit procedures.
- Ensure the integrity of safe storage of all audit documents according to the agency record retention policy as prescribed by the State of Illinois Records Commission.
- Work with management to proactively review and analyze business processes pertaining to risk and controls.
- Assist the Chair of the Enterprise Risk Management Committee (ERMC) as necessary to ensure proper oversight and disciplined thought about existing and emergent risks facing TRS.
- Plan and budget for the immediate and longterm needs of the Audit Department including resource needs new technology and organizational structure.
- Perform other duties as required or assigned.
Knowledge Skills and Abilities
- Excellent collaboration and team building skills
- Ability to drive multiple projects to successful completion
- Effectively coaches and delivers constructive feedback
- Excellent analytical problemsolving and decisionmaking skills
- Proficiency in audit software and risk management tools
- Strong knowledge of internal audit standards risk assessment methodologies and regulatory requirements
- Demonstrates excellent judgement and decisionmaking skills
- Assumes personal responsibility for actions
Minimum Requirements
- A Bachelors degree in Accounting Auditing Finance Business Administration or a related field is required. A Masters degree is preferred. Minimum of five years of experience in internal audit assurance risk management or compliance with at least three years in a leadership role.
- Certified Public Accountant (CPA) Certified Internal Auditor (CIA) or five years progressively responsible professional auditing experience required
Benefits
- State health dental life and vision insurance
- 12 vacation 12 sick and 3 personal time days of compensated time
- Teachers Retirement System Pension
- Deferred compensation plan
Work Hours:8:30am4:30pm
Work Location:2815 W. Washington St. Springfield IL
Agency Contact:
Posting Group:Leadership & Management
Agency statement:TRS provides retirement benefits for teachers who are employed by all Illinois public common and charter school districts located outside the city of Chicago. The Illinois Pension Code contains the laws relating to our creation benefits and administration
The main form of communication will be through email. Please check your junk mail spam or other folder for communication(s) regarding any submitted application(s). You may receive emails from the following addresses:
Required Experience:
Director
Employment Type
Full-Time
