National Association of State Retirement Administrators


Position Information

Director of Internal Audit
ABOUT THE D.C. RETIREMENT BOARD: The District of Columbia Retirement Board (DCRB) is an independent agency of the District of Columbia Government.  Our mission is to manage and control the assets of the D.C. Police Officers' and Firefighters' Retirement Fund and the D.C. Teachers' Retirement Fund as well as to administer benefits for the members of the of the D.C. Police Officers' and Firefighters' Retirement Plan and the D.C. Teachers' Retirement Plan.

POSITION SUMMARY:
The District of Columbia Retirement Board (“DCRB”) is seeking to fill a newly created Director of Internal Audit position. The Director of Internal Audit will be responsible for working with DCRB’s General Counsel, Executive Director, and the Audit Committee of the Board of Trustees to determine the scope of activities for the agency’s internal audit and compliance functions, as well as building a framework for managing risks across DCRB’s operations. The Director of Internal Audit position will report to DCRB’s General Counsel. This role is responsible for the development and implementation of a comprehensive internal financial, procedural, and compliance audit program. The audit program will evaluate internal control measures, policies, and information systems. The Director of Internal Audit is responsible for identifying and reporting conditions perceived to pose risks or potential losses to the organization, and for notifying management and the Audit Committee of perceived irregularities, fraud, or other acts detected through the application of usual and customary audit procedures.

PRIMARY RESPONSIBILITIES:
  • Identifies risk to the organization, and works with management to develop processes that minimize risks and encourage efficiency and effectiveness.
  • Consults with DCRB departments regarding business risks, control objectives, and techniques.
  • Develops an annual risk-based audit plan, and presents the plan to the Audit Committee for review and approval.
  • Leads program initiatives and coordinates across diverse stakeholders that span organizational boundaries.
  • Plans audit schedules, and develops audit scope, work paper, 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 Committee meetings; and responds to requests of the Audit Committee.
  • Coordinates activities within the annual external audit to accomplish a thorough and efficient review of DCRB’s organization.
  • Performs testing to assess compliance with policies, procedures, and management directives.
  • Monitors professional auditing standards, and stays abreast of relevant changes.
  • Manages special audit-related projects.
  • Builds within the agency an understanding of the policies, procedures, and laws applicable to DCRB’s operations and the management of the plan assets.
  • Implements a program for working with management to remediate findings within an audit, and confirms the resolution of any issues identified.
  • Coordinates with the General Counsel, Audit Committee, and senior management to define an escalation protocol for addressing material issues or issues that remain unresolved by management after a predefined amount of time.
  • Performs ongoing reviews of DCRB’s controls infrastructure, and researches industry leading practices to evaluate the adequacy and comprehensiveness of the agency’s existing controls.
  • Conducts regular meetings with management to identify business changes that may impact the effectiveness of DCRB’s control infrastructure, and identifies areas for control enhancements or more comprehensive management-oversight programs.
  • Performs other duties, as assigned.
 KNOWLEDGE, SKILLS, AND ABILITIES:
  • Familiarity with the investment operations associated with managing public pension plans, as well as the investment activities and financial instruments/products used in implementing investment strategies.
  • Demonstrated ability to analyze and process complex financial and operational performance data.
  • Demonstrated ability to plan, research, implement, write, and present technical evaluations of various audit subjects.
  • Adept at maintaining balance between serving as both an objective, independent auditor, as well as an advisor to internal management on control and process best practices.
  • Excellent oral and written communication skills; ability to clearly and effectively present information and respond to questions from a Board, managers, and agency stakeholders.
 BEHAVIORAL COMPETENCIES:
  • Integrity—uncompromising ethical standards.
  • Leadership— provides guidance and mentorship to staff, and builds mutually respectful relationships with other departments across the agency.
  • Problem-solving—exercises prudent, well-reasoned judgment in all matters, evidenced by sound decision-making and strategic problem-solving.
  • Adaptability, resourcefulness, and focus—manages resources and multiple priorities, while simultaneously maintaining a steadfast commitment to accuracy and attention to detail.
  • Continual learning—actively engages in training, conferences, and educational opportunities for ongoing professional development.

DCRB is an Equal Opportunity Employer.  In compliance with the Americans with Disabilities Act (ADA), the employer will provide reasonable accommodations to qualified individuals with disabilities and encourage both prospective employees and incumbents to discuss potential accommodations with the employer.

This job description describes the general nature and level of work being performed by the individual(s) assigned to this position. It is not intended to be an exhaustive list of all tasks, duties, responsibilities, and skills required. Management reserves the right to modify, add, or remove duties and to assign other duties as necessary. In addition, reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

Position: Director of Internal Audit
Organization: District of Columbia Retirement Board
Location: Washington,  DC 
United States
Salary: Entire Range: $130,114 -- $211,198
Posting Start Date: 12/27/2019
Date Posted: 4/23/2020
Requirements QUALIFICATIONS:
  • Bachelor’s degree in Accounting, Business Administration, or related field from an accredited college or university.
  • Certification as a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Internal Systems Auditor (CISA), or Certified Government Financial Manager (CGFM) will distinguish the most attractive candidates.
  • Significant experience (ideally ten or more years) in a senior audit leadership capacity.
  • Experience in a public pension fund, financial or insurance organization, or public sector entity is preferred.
  • Experience working closely with a board and audit committee is strongly preferred.
  • Knowledge of governmental and pension industry-specific accounting reporting requirements (in particular Generally Accepted Accounting Principles (GAAP)), and familiarity with Sarbanes-Oxley (SOX) is a plus.
  • Working knowledge of institutional investing, benefits processing, and information technology controls and risk is preferred.
  • Working knowledge of actuarial concepts and their impact on defined benefit plan funding levels is preferred.
  • Proficiency in the MS Office Suite.
NOTICE OF RESIDENCY:  If the position you are applying for is in the Career, Management Supervisory, or Educational Service, and you are selected for this position at an annual salary of one hundred fifty thousand dollars ($150,000) or more, you must establish residency in the District of Columbia within one hundred eighty (180) days of effective date of the appointment and continue to maintain residency within the District of Columbia throughout the duration of the appointment.  Failure to meet residency will result in forfeiture of position.
 
Status: This listing expires on: 6/22/2020
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Organization Information
Name:
District of Columbia Retirement Board
Address:
900 7th Street NW
2nd Floor
Washington,  DC 20001
United States
Email:
dcrb.vacancies@dc.gov
Phone:
(202) 343-3200
Fax:
(202) 343-3302
Contact:
HR Director