Teachers' Retirement System of the State of Illinois · 15 hours ago
Internal Audit Manager
Springfield, IL
Full-time
Hybrid
Senior Level, Lead/Staff
$99K/yr - $154K/yr
8+ years expThe Teachers' Retirement System of the State of Illinois is dedicated to providing expert pension services to public educators. The Internal Audit Manager will supervise the internal audit staff and conduct comprehensive audits, advising on compliance and operational effectiveness while ensuring adherence to global internal audit standards.
Education
Responsibilities
Supervise and guide the internal audit team, providing leadership, support, and mentoring to ensure their professional development and performance
Responsible for directing workflow, assigning tasks, attending entrance and exit conferences, reviewing work papers and draft audit reports, and coordinating work while ensuring deadlines are met
Develop guidelines as needed for complex audits
Consults with the Director of Internal Audit to determine if the scope of an audit should be expanded or if a new audit or review should be scheduled when unanticipated issues, variables, irregularities or discrepancies are encountered
Responsible for maintaining a comprehensive knowledge of all TRS procedures, systems and operations, in addition to maintaining knowledge of all rules and regulations affecting TRS, in order to conduct thorough audits and advise the Director of Internal Audit of weaknesses in the internal control structure
Ensure a quality assurance and improvement program (QAIP) is maintained to document conformance with the Global Internal Audit Standards
Coordinate the work of the department to meet the goals and expectations of the Internal Audit Program
Recommend and participate in implementing initiatives to improve the effectiveness of the Internal Audit program
Ensure procedures are up to date to provide guidance for the internal auditors in performing their work
Continuously monitor and enhance internal audit methodologies, tools, and best practices to promote efficiency and effectiveness
Responsible for the training and development of assigned staff including identifying training and individual development needs
Monitor internal audit staff work performance; prepare performance appraisals for the internal audit staff; establish annual goals and objectives for internal audit staff
Evaluate and recommend staffing needs
Monitor the planning activities for assigned audits which include defining the objectives and scope of the audit, documenting business processes and procedures, and developing the audit program
Research and develop audit programs for new and/or repeat audits taking into consideration previous audit work, current policies, procedures, law, rules and regulations; define the overall audit objectives; direct audit entrance and exit conferences, meetings, and briefings with other System staff to discuss internal audit results and compliance issues
Perform the audit procedures for assigned audits in accordance with the Global Internal Audit Standards promulgated by the Institute of Internal Auditors
Consults with the Director of Internal Audit during an audit regarding changes to the audit program, problems which have occurred, and the progress of the audit
Conducts special projects assigned by the Director of Internal Audit
Discuss potential findings and observations with the Director of Internal Audit and appropriate management
Compose audit reports including any potential findings and observations and review with the Director of Internal Audit
Assist in presenting audit reports including any findings and/or observations to the Executive Director, Executive Management, and the Audit Committee of the Board of Trustees
Assist in the work of external (contracted) auditors hired to assist Internal Audit in specialized areas
Participate in the acquisition of external audit resources as needed
Initiate special research projects such as conducting research of applicable laws, statutory mandates, administrative rules, regulations, policies and procedures
Maintain and facilitate a system for the follow-up of findings and observations for both internal and external audits
Assist the Director of Internal Audit with development of the annual audit plan, including the annual risk assessment process
Coordinate the Fiscal Control and Internal Auditing Act certification process for the System
Assist the Director of Internal Audit with investigating Red Flag Reporting complaints, as needed
Assist in proactively reviewing and analyzing business processes pertaining to risk and controls
Organize, direct, and control the retention of historical audit records as needed, and ensure the integrity of safe storage of all audit documents for easy retrieval
In the absence of the Director of Internal Audit, serve as staff liaison to the Board of Trustees Audit Committee
Serve as the Administrator for the IIA membership of the internal audit department
Communicate with other outside parties (APPFA, IIA, etc) to obtain information and/or respond to their requests as needed
Perform other audit related activities as required or assigned
Qualification
Required
Requires a bachelor's degree in accounting, finance, business administration or related field
Requires at least 8 years of either public accounting or internal auditing experience
Ability to analyze and interpret data
Demonstrated written and verbal communication skills
Maintains a high degree of professionalism
Ability to lead/manage others
Excellent collaboration and team building skills
High ethical standards with the ability to maintain confidentiality
Proficient with Microsoft Office Suite
Preferred
Two (2) years of supervisory experience is preferred
CPA, CIA or CFE designation is preferred
Investment and/or Information Technology experience is a plus
Benefits
Medical, dental and vision coverage
TRS retirement pension plan
Option to contribute to additional State of Illinois deferred compensation plans
Reciprocal system to other state and local pension plans (SERS, SURS, IMRF, etc.)
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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