DIRECTOR OF INTERNAL AUDIT

Agency: Teachers' Retirement System of the State of Illinois
Closing Date/Time: 04/17/2025
Salary: $108,402-169,107
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 you’re helping to improve schools, protect our natural resources, or support families in need, you’re part of something bigger—something that touches the lives of every person who calls Illinois home.

 

No matter what state career you’re looking for, we offer jobs that fit your life and your schedule—flexible 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 top-tier 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 risk-based decision making and serves as the System’s 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 organization’s 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, execution, 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 two-year 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; a