| ESSENTIAL FUNCTIONS
• Identifies business risks to the organization, and works with organizational staff to develop processes that minimize risks and encourage efficiency and effectiveness.
• Performs assessment and advisory services for PERA divisions regarding business risks, control objectives, and techniques.
• Develops an annual risk-based audit plan and presents the audit plan to the Audit Committee for approval.
• Provides leadership and direction to Internal Audit Division staff and is responsible for all management functions including hiring, developing, and creating a high-performance team.
• Establishes and maintains a customer service-focused work policy through example and clear, timely delineation of expectations.
• Selects, trains, and develops professional audit staff to ensure that the Internal Audit Division collectively possesses or obtains the knowledge, skills, professional certifications and other competencies needed to meet the requirements of the Internal Audit Charter.
• Ensures that staff have the resources, tools, and training needed to effectively perform their jobs.
• Ensures adherence to PERA’s relevant policies and procedures unless such policies and procedures conflict with the Internal Audit Charter or the Global Internal Audit Standards.
• Ensures that internal audit staff remain independent, objective, and free from material impairments or conflicts of interest.
• Plans audit schedules, staff assignments and develops audit scope, workpaper and report format presentations.
• Develops and provides summaries of Internal Audit activity to the Audit Committee, works with the Audit Committee Chair to schedule and organize regular meetings of the Audit Committee, and responds to requests of the Audit Committee.
• Performs audit engagements that include well documented testing plans that assess the organization’s adherence to laws, rules, regulations, policy and procedures, management directives, and industry best practices.
• Tracks the implementation status of engagement findings and corrective actions and reports periodically to the Executive Team and the Audit Committee any corrective actions not effectively implemented.
• Coordinates with the Office of the State Auditor and the external audit firm activities related to the annual external audit.
• Coordinates the Board of Trustees election process.
• Develops and presents the annual Internal Audit budget to the Audit Committee for approval. Ensures that the Division operates within the budget.
• Updates the Internal Audit Charter and presents it to the Audit Committee for approval at least once every five years.
• Monitors and considers trends and emerging issues that could impact PERA and current professional auditing standards and stays abreast of relevant changes.
• Manages the Ethics Line in accordance with the Board’s Ethics Line Oversight and Governance Policy.
• Actively engages in training, conferences, and educational opportunities for ongoing professional development.
• Attends all meetings of the Audit Committee and periodically meets with members of the Committee individually.
• Works collaboratively with other members of the Executive Team to ensure audits are effectively timed with business cycles.
• Participates on the Executive Team to provide advisory-related feedback on materials and policies, and other matters, while ensuring auditor independence can be maintained.
• Maintains regular and prompt attendance in the workplace.
• Manages special audit and advisory service projects and related projects.
• Carries out other duties as assigned.
QUALIFICATIONS
• Bachelor’s degree (or higher) in Accounting, Business Administration, or a related field
• Technical Audit Experience:
• Ten years overall professional work experience in a related audit, risk and/or control function.
• Three to five years in a leadership position.
• Audit experience in investments, benefits, and information technology are as preferred.
• Experience in designing and executing risk-based audit plans
• Knowledge of the Global Internal Audit Standards, published by the Institute of Internal Auditors (IIA)
• Certifications: CPA, CIA, CISA, CISSP, CISM, CGAP or CGFM, designation preferred
• Relevant Industry Experience:
• Prior experience leading/supporting a function in a financial institution, pension industry, public sector or other relevant sector
• Knowledge of governmental and pension industry specific accounting reporting requirements |
