THE OPPORTUNITY The Director of Internal Audit will report directly to the Audit Committee with functional support from the Chief Executive Officer and will oversee department direct reports.
This position will have the direct responsibility of coordinating internal audits to ensure that OCERS has a comprehensive system of financial and operational internal controls in place to minimize risks and substantiate overall system compliance.
This position will assist the Board of Retirement and management in the effective discharge of their fiduciary responsibilities and will be expected to uphold the highest standards of accountability, plan sponsor focus and system efficiency.
The Director of Internal Audit will be expected to set the scope of work and audit objectives while ensuring audit goals are met in a timely manner.
Essential Duties And Responsibilities Oversees the Internal Audit department to ensure adherence to the Global Internal Audit Standards set by the Institute of Internal Auditors and the relevant OCERS Internal Audit charters.
Manages audits of OCERS' internal divisions and Employers; determines nature of operations and formulates objective opinions on the adequacy, effectiveness, efficiency and compliance of systems or programs reviewed.
Develops annual risk assessment and audit plan.
Develops a methodology for following up on audit recommendations and measuring performance.
Verifies and analyzes transactions, management representations, documents, records, methods of reporting, receipts, disbursements, etc., for adequacy, effectiveness, errors, irregularities, and inconsistencies.
Audits records to determine compliance with stated goals and objectives.
Evaluates information system controls and assess system security and data integrity.
Performs data analysis.
Reports on effectiveness and adequacy of internal control systems.
Prepares and presents written audit reports with recommendations on audit findings and follows up on the status of findings and recommendations.
Prepares and reviews work papers, correspondence, and final reports.
Makes recommendations for the correction of unsatisfactory conditions, improvements in operations, and reductions in costs.
Facilitates strategic professional growth for staff and cultivates their skills in alignment with the OCERS Internal Audit methodology for succession and other purposes.
Develops and manages the annual department budget and operates within established funding levels.
Maintains positive/constructive written and oral communications with OCERS personnel throughout the audit process.
Collaborates with subject matter experts, including legal and actuarial teams, to evaluate complex areas.
Supports the development of automated and other technological tools, such as robotic process automation.
Drafts and assesses requests for proposals handled by the Internal Audit Department.
Performs other specialized duties related to Internal Audit operations.
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