Oregon State Treasury is recruiting for the position of Internal Auditor. The primary purpose of this position is to provide support with internal audit’s role on governance, risk and compliance, and the adequacy and effectiveness of internal controls.
This position is classified as an Internal Auditor 3. The salary range for this position is $70,080 - $108,360 annually. Our top priorities during this public health crisis are employee health and ability to meet our essential responsibilities. We are taking safety precautions while continuing our business operations in order to keep employees safe and prevent the spread of COVID-19. This position can be based out of our Tigard or Salem office, with the expectation of supporting both, which includes travel between these two (once travel between offices resumes).
Oregon State Treasury (OST) is led by Tobias Read, State Treasurer, a constitutional officer and statewide elected official. OST is an organization with a wide range of financial responsibilities, including managing the state's pension fund, issuing all state debt, and serving as the central bank for state agencies. OST manages the daily investment of approximately $100 billion in assets, held in a diversified investment portfolio of domestic and international equities, fixed income securities, alternative and opportunistic investments, real estate, private equity and cash equivalents. OST also manages a banking program that processes over $250 billion in transactions annually, and a debt management program responsible for issuing and monitoring approximately $10 billion in state debt. The 150+ member OST staff takes great pride in their statewide and national reputation for progressive approaches to service delivery.
Our Values and Principles
We are committed to cultivating a culture that is diverse, inclusive, and respectful. We value and support the collective differences in who we are, it is what makes us stronger, and it helps us learn and grow. We celebrate the fact that everyone comes to the table with individual differences – shaped by backgrounds, experiences, cultures, thoughts, and ideas. We are devoted to prioritizing equity and addressing racial disparities, as well as ensuring a safe and accessible working environment for all. We believe all of this empowers our success and makes Oregon State Treasury an excellent place to work.
- Participates in preparing an audit strategic plan, audit risk assessment, and execution of the audit plan.
- Completes engagement work plan procedures to assess agency operations and investment operations, processes and controls in consultation conjunction with the Chief Audit Executive.
- Creates detailed, cross referenced, and well-organized working papers that support recommendations.
- Provides consulting expertise to the agency’s various divisions and other operational areas as they relate to Treasury operations
- Performs and applies audit work in accordance with professional standards i.e. Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards (GAAS), Governmental Accounting Standards Board (GASB), COSO, IIA Standards, and Plans and performs audits, including complex engagements, of the effectiveness of the internal controls.
- Obtains and documents understanding of the auditable unit, determines engagement scope, objectives and appropriate criteria.
- Develops the engagement work plan aligned to the overall audit plan, completes the preliminary survey, and documents results within the engagement planning document. Assists with the planning and organizing of audits.
- Writes audit and formal consulting reports that effectively communicate the results of the engagement and provide recommendations for improvement or suggestions for management consideration that are reasonable and cost effective. Follows through on resolution of audit findings
- Makes oral and written presentations to management.
- Monitors and evaluates the effectiveness of internal governance, risk and control processes and systems through the annual internal audit assessment process.
- Evaluates risk exposures relating to the organization’s governance, risks, controls, operations, and information systems to determine reliability and integrity of financial and operational information; effectiveness and efficiency of operations; safeguarding of assets; organization’s goals and objectives, compliance with laws, regulations, and contracts.
- Reviews the work of other audit team members and mentors team members
Benefits of Joining OST
- Employee premium share at 5% or 1%, for medical, dental, vision, and basic employee life;
- Paid leaves, such as vacation, personal business, holidays, sick leave, and special holiday leave;
- Participation in the Public Employees Retirement System (PERS);
- Support with training and development so employees have the tools they need to reach their fullest potential;
- Employees may be eligible to receive loan forgiveness under the Public Service Loan Forgiveness Program (PSLF);
- Optional benefits include optional life, short & long term disability, accidental death and dismemberment, Oregon Savings Growth Plan (deferred compensation plan), flexible spending accounts, long term care insurance, employee assistance program, weight watchers, and more!
- You must have the following to qualify for this position:
- 6 years of experience performing professional level auditing, investigations, compliance, policy/program, or work closely related to the agency mission; OR
- A Bachelor’s degree in business-related field such as business or public administration, finance, economics, computer science, accounting; or a field specific to the Agency's mission; AND 3 years of experience performing professional level auditing, investigations, compliance, policy/program, or work closely related to the agency mission.
- Strong skill sets in capital markets and investments auditing background;
- Key knowledge in asset management (fixed income, equity, alternative asset management strategies);
- Knowledge in cash management (portfolio performance, liquidity, cash planning, funding, treasury market operations, trading systems, syndications, valuation, and control functions);
- Knowledge of banking operations / audit e.g. wires, ACH, bonds, investments;
- Knowledge on valuation and impairment analysis;
- Knowledge on financial audits, operational audits, and governmental auditing;
- Self-motivated and self-driven;
- Excellent verbal and written communication skills;
- Result oriented, attention to details;
- Project management skills;
- Broad business thinking mentality; and
- CIA, CPA, CIDA, CISA, or CFSA designations.
How to Apply
In order to apply and be considered for this position, you are required to upload your resume, and a cover letter describing how your experience, training and education have prepared you for this position.
We will accept applications through the closing date; however, we may close this recruitment early if we receive a well-qualified pool. If interested, please apply early.
- Prospective employees are subject to an extensive background check that may include, but not be limited to, validation of all application materials, prior employment and personal references, credit history, driving records and fingerprint-based state and federal criminal and civil records. Adverse background data may be grounds for immediate disqualification.
- OST does not offer visa sponsorships, and within three days of hire, the successful candidate will be required to complete the U.S. Department of Homeland Security form I-9, confirming authorization to work in the United States.
Eligible veterans who meet the qualifications will be given veterans' preference.