Oregon State Treasury is recruiting for the two Senior Internal Auditors. One position will be located in our Salem, Oregon location and one position which will be focused on investment audits will be located in our Tigard, Oregon location. These positions will report to the Chief Audit Executive.
OST is led by the State Treasurer, a constitutional officer and statewide elected official. The Treasurer serves as the chief financial officer for the state and is responsible for the prudent financial management of state money. The Treasurer serves a four-year term, and, if re-elected, may hold the position for two terms. The current State Treasurer is Tobias Read, who was sworn into office in January 2017.
OST is an organization with a wide range of financial responsibilities, including (1) managing the state’s pension fund, (2) issuing all state debt of approximately 10 billion, (3) serving as the central bank for state agencies processing more than $250 billion in transactions annually, and 4) a defined contribution program that allows members of the public to invest in 529 savings funds for higher education or disability-related costs and in IRAs for retirement. OST manages the daily investment of nearly $100 billion in assets, held in a diversified investment portfolio of domestic and international equities, fixed income securities, alternative and opportunistic investments, real estate and cash. Additionally, Treasury also maintains supporting functions including internal auditing, investment operations, legal, compliance, corporate governance and cybersecurity. The 140+ member OST staff takes great pride in their statewide and national reputation for progressive approaches to service delivery.
What you’ll be doing….
As a Senior Internal Auditor, you will be assigned responsibilities to evaluate the adequacy and effectiveness of internal control as they relate to:
• Reliability and integrity of information; • Compliance with policies, plans, procedures, laws, and regulations; • Safeguarding of assets; • Economical and efficient uses of resources; • Accomplishment of established objectives and goals for operations or programs; and • Overall risk management of agency operations.
You will plan and perform moderate to highly complex engagements including audits of the effectiveness of the internal controls for multi-billion dollar investment funds and other specialized engagement topics in accordance with the Standards for the Professional Practice of Internal Auditing. You will determine engagement scope, objectives and appropriate criteria and independently complete engagement work plan procedures to assess options, processes and controls. Write audit and formal consulting reports that effectively communicate the results of the engagement and provide recommendations for improvement.
What we are looking for…
• An understanding of organizational strategy including ability to prioritize risk. • Ability to balance risks, opportunities and business needs. • Critical thinking skills. • Financial planning and analysis (FP&A) skills. • Ability to make reasonable assumptions. • A broad organizational awareness with a customer focus (big picture thinking). • Experience in both assurance and advisory auditing roles. • Experience in either corporate finance or banking in addition to internal auditing is a plus. • Action oriented. • Demonstrated commitment to integrity, ethics and independence.
What we want…
A Bachelor’s degree in finance, accounting, business administration, or another area demonstrating the capacity for the work performed such as public administration or investments.
Three or more years of auditing experience. A graduate-level degree in any of the fields defined under education may substitute for one year of the required experience. Experience in internal auditing or public accounting is preferred, but not required. Candidates with relevant investment experience, in lieu of audit experience, may also be considered.
In addition to the required education and experience, certification such as a Certified Public Accountant, Certified Internal Auditor or Certified Information Systems Auditor is preferred.
Internal Number: OST18-0015
About Oregon State Treasury
OST is led by the State Treasurer, a constitutional officer and statewide elected official. The Treasurer serves as the chief financial officer for the state and is responsible for the prudent financial management of state money. The Treasurer serves a four-year term, and, if reelected, may hold the position for two terms. The current State Treasurer is Tobias Read, who was sworn into office in January 2017.