Internal Audit Manager
Making a Difference
SWIB is a trusted and skilled global investment organization managing the assets of the Wisconsin Retirement System (WRS) and other separately managed funds. With over $165.6 billion in total assets under management, SWIB has been recognized by the investment industry for its teamwork and innovation that helps make it a premier asset manager. Sophisticated investment management strategies, forward-looking technologies, and strong internal asset management make SWIB a leading investment organization.
For public employees in Wisconsin, SWIB is a unique and valuable partner. Investing for the financial security of more than 652,000 individuals – and for the 1,500 Wisconsin employers who contribute on behalf of their employees – SWIB’s strong management of the WRS has helped fuel one of only a few fully funded public pension funds in the country. SWIB’s long term investment returns meet the challenges of a constantly evolving investment landscape while helping grow and protect the assets of the WRS, which consistently ranks among the 10 largest public pension funds in the U.S.
We are a mission-driven organization and the participants we serve are our mission. By bringing a disciplined, prudent, and innovative approach to market opportunities, SWIB has been successful in generating respectable returns and maintaining the trust of the beneficiaries and stakeholders of the funds we oversee.
Join HIGHER PERFORMERS
Home to Top Talent
SWIB is recognized as a premier investment manager because of the highly qualified staff successfully managing the assets of the WRS trust funds. SWIB is committed to investing in talented professionals that will help implement a robust and sophisticated investment strategy to manage over half of the trust fund assets internally and keep the organization at the forefront of the investment industry. As an innovative organization, SWIB offers professional development opportunities to help staff sharpen and expand their skills. Approximately 61 percent of SWIB’s investment professionals are Chartered Financial Analyst (CFA) charterholders.
About the Team
The Internal Audit Division provides independent and objective assurance of SWIB’s risk and control environment. Its mission is to enhance and protect SWIB’s value by providing risk-based and objective assurance, advice, and insight. Primary activities include audits or other assurance engagements, continuous auditing/monitoring, and consulting/special projects. While Internal Audit reports directly to the Board of Trustees, much of its work also assists management, consistent with its mission. Internal Audit has a broad mandate, and the team currently consists of three people who perform these activities.
To be a trusted and skilled global investment organization contributing to strong financial futures for the beneficiaries of the funds entrusted to us.
SWIB is seeking a senior level (e.g. manager or team lead) internal auditor with investment auditing experience. It is expected that this auditor will spend approximately 75-80 percent of his/her time auditing investment strategies and oversight, investment operations, and other key areas at SWIB. The remaining time is expected to be spent on consulting, continuous auditing/monitoring, and other activities. This role is an individual contributor who will work cross-functionally and manage individual engagements from start to finish. SWIB internal auditors are audit process/engagement managers who are empowered to drive meaningful change.
- Conduct audit work with proficiency and professional due care while maintaining independence and objectivity.
- Participate in the entity wide audit risk assessment process, development of the audit plan, and other audit and audit strategic initiatives.
- Perform key engagement level audit activities that include determining audit scopes and objectives,completing engagement level risk assessments, and developing audit programs, testing plans, and procedures.
- Coordinate with third parties and vendors as needed to ensure the engagement is appropriately staffed.
- Review policies and procedures for adequacy and identify key controls via walkthroughs or testing of business processes.
- Conduct audit testing to ensure transactions, reports, and processes are complete, accurate, and effective; document results; and recommend process improvements when appropriate.
- Prepare audit and other written reports to communicate audit results, conclusions, and recommendations to management.
- Perform post-audit follow up activities to determine adequacy of corrective actions taken.
- Attend key meetings (e.g. Board and Committee) and represent Internal Audit as required.
The ideal candidate:
- Bachelor’s degree or master’s degree in accounting, finance, economics, or mathematics.
- 10 years of professional auditing experience preferred.
- CPA, CFA, CIA, or CAIA designation preferred.
- Experience auditing investments preferred.
- Experience with an investment management firm preferred.
- Strong analytical and critical thinking skills, as well as intellectual curiosity.
- Excellent verbal and written communication skills.
- An ability to be adaptive and thrive in a fast-paced, changing environment.
- Superb work ethic, attention to detail, team oriented, and commitment to excellence.
- Experience with Generally Accepted Accounting Principles (GAAP), Governmental Accounting
- Standards Board (GASB), and the Institute of Internal Auditors (IIA) Standards a plus.
- Competitive McLagan-based total cash compensation
- A comprehensive benefit package
- Educational and training opportunities
- Tuition reimbursement
- Challenging work in a professional environment
The position requires U.S. work authorization. Pursuant to our Hybrid Remote Work Policy, all staff have the flexibility to work remotely, but are required to have a weekly presence in our offices, the frequency of which is dependent on their distance from office. Staff are not required to reside locally, however we offer relocation reimbursement to the Dane County area per our policy.