Teachers' Retirement System of the State of Illinois · 5 hours ago
Senior Investment Auditor
Springfield, IL
Full-time
Onsite
Mid, Senior Level
$86K/yr - $135K/yr
5+ years expTeachers' Retirement System of the State of Illinois is dedicated to delivering expert pension service to Illinois public educators. The Senior Investment Auditor conducts and coordinates comprehensive internal audits of the System’s investment activities, ensuring compliance and evaluating internal controls over investment operations.
Education
Responsibilities
Serve as lead auditor for investment-related audit engagements and provide guidance and training to Internal Auditors assigned to investment audits
Plan and manage assigned investment audits, including defining objectives and scope, documenting investment processes and procedures, performing investment risk and internal control assessments, and developing detailed audit programs
Research and develop audit programs for new and recurring investment audits, considering prior audit results, investment policies and guidelines, contracts, applicable laws, rules, and regulations
Lead audit entrance and exit conferences and meetings with investment management and other stakeholders to discuss audit objectives, progress, results, and compliance matters
Perform audit procedures in accordance with IIA standards, including:
Analyzing complex investment and financial data using auditing and data analytics tools
Testing compliance with internal policies, investment guidelines, contracts, and external laws and regulations
Conducting complex investment audits, including management fee calculations, expense reviews, valuation methodologies, and performance-related controls
Evaluating the design and effectiveness of internal controls over investment operations and governance
Identifying audit issues and developing practical, risk-based recommendations; and
Documenting audit work and conclusions in audit work papers
Consult with management throughout the audit regarding scope changes, audit issues, and progress
Conduct special investment-related projects as assigned by internal audit management
Recommend and participate in initiatives to enhance the effectiveness, efficiency, and risk focus of the internal audit function
Discuss potential findings and observations with internal audit management
Prepare clear, concise audit reports and review them with internal audit management
Assist in presenting audit reports, findings, and recommendations to the Executive Director, executive management, and the Audit Committee of the Board of Trustees
Participate in follow-up activities to assess the adequacy and effectiveness of management’s corrective actions
Assist in the development of the annual audit plan, including the annual risk assessment related to investment activities
Proactively review and analyze investment-related business processes to identify opportunities to strengthen controls and mitigate risk
Provide research and advisory services to departments to support process improvements based on leading investment and governance practices
Perform departmental budget coordination duties, as assigned
Stay current on internal auditing standards, investment industry practices, and regulatory guidance relevant to institutional investors
Perform other audit-related duties as required or assigned
Qualification
Required
Bachelor's degree in accounting, finance, business administration, economics, or a related field
Advanced ability to analyze and interpret complex investment, financial, and operational data
Strong understanding of investment processes, risks, controls, and fiduciary responsibilities
Excellent written and verbal communication skills, including the ability to present audit results to senior leadership and governing bodies
High degree of professionalism, integrity, and objectivity
Strong collaboration, leadership, and team-building skills
Demonstrated ability to manage multiple priorities and meet deadlines
Proficiency with Microsoft Office Suite
Preferred
Professional certification such as CPA, CIA, CISA, or CFA preferred
Five or more years of progressively responsible experience in investment auditing, risk, compliance, operations, or accounting, or public pension experience preferred
Experience with audit or data analytics tools is a plus
Experience with institutional investment programs, including public and private market strategies
Experience working with senior investment professionals and executive leadership
Benefits
Medical, dental and vision coverage
TRS retirement pension plan
Option to contribute to additional State of Illinois deferred compensation plans
Company
Teachers' Retirement System of the State of Illinois
The Teachers’ Retirement System of the State of Illinois (TRS) is one of the largest pension systems in the United States.
201-500 employees
H1B Sponsorship
Teachers' Retirement System of the State of Illinois has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2022 (1)
Funding
Current Stage
Growth StageRecent News
2025-04-22
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