Liberal Arts Career Services
Liberal Arts Career Services

Teacher Retirement System of Texas (TRS), Senior Investment Auditor, Application Deadline, BTT Gateway Job ID 11579

Fri, April 29, 2016

Explore this position and learn how to apply via your BTT Gateway account, Job ID 11579

The Senior Investment Auditor performs highly advanced (senior-level) investments audit work. Work involves conducting audits of complex investment-related activities, conducting audit planning, monitoring contracted services, and participating in special projects. May plan and/or oversee the work of project teams. Works under minimal supervision with extensive latitude for initiative and independent judgment. This position reports to the Director of Investment Audit Services. 

State Classification: 1050/Auditor V/B23/Exempt  


Investment Audit 
•Leads and/or conducts audits and analysis of investment-related strategies and activities, including equities, fixed income derivatives, private assets, external manager relationships, and alternative asset investments. 
•Leads and/or conducts complex performance, financial, and compliance audit projects. 
•Leads and/or performs audit procedures, including identifying and developing issues and recommendations, developing criteria, reviewing and analyzing relevant information, collecting and evaluating evidence, documenting business processes and procedures, and completing audit documentation. 
•Reviews and analyzes business processes, primarily of investment operations and activities and financial reporting. 
•Ensures that approved audit objectives are met and that adequate coverage is achieved in assigned projects. 
•Communicates the results of audits via written reports and oral presentations to management, the Audit Committee, and the Board of Trustees. 
•Conducts post-project assessments. 

General Internal Audit 
•Conducts audit planning, defines audit objectives and scope, and develops audit procedures for assigned projects. 
•Reviews and approves the audit objectives and scope for assigned audit projects. 
•Develops process maps as part of projects after analyzing business objectives, processes, and controls. 
•Develops internal audit procedures including the development of manuals, templates, and guidelines for the efficient performance of audit work. 
•Ensures conformance with acceptable quality control standards through the review of working papers of individual audit projects. 
•Develops the identification and evaluation of risk areas in investment and financial operations and activities. 
•Assists with the development of the annual Audit Plan and the Internal Audit Annual Report with emphasis on investment audits. 

Contracted Services 
•Manages audit projects being executed by external service providers in an outsourced or co-sourced arrangement, including execution of the contract and monitoring of the external service provider's performance. 
•Assists in the development of requests for contracted services for the Internal Audit Department, and monitors the contracted services until services are completed. 

Special Projects 
•Researches audit tools and leading audit practices for recommendations. 
•Represents Internal Audit on project teams, at management meetings, and with external organizations. 
•Attends Internal Investment Committee, Board of Trustees, Investment Management Committee, and Risk Management Committee meetings. 
•Assists in the preparation and review of Audit Committee quarterly meeting materials. 
•Performs related work as assigned. 



•Bachelor's degree from a four-year accredited college or university. 
•A Master's degree in business administration, public administration, or a related field, OR possession of two (2) certifications (listed below), may substitute for one (1) year of required experience. A Master's degree AND a second certification may substitute for two (2) years of required experience. 

•Five (5) years of full-time experience in auditing, including two (2) years lead or project management experience. 
•Three (3) years of experience in working in financial institutions or auditing investment operations and processes. (Experience may run concurrently.) 

Registration, Certification, or Licensure: 

Preferred Qualifications: 
•Master's degree in business administration, public administration, or a related field. 
•Experience in public sector auditing and conducting investments-related audits. 
•Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), Financial Risk Manager (FRM) or Certified Information Systems Auditor (CISA). 

Veterans / Military Crosswalk: 

TRS is committed to maintaining a veteran-friendly workplace and attracting, developing and retaining military service members as employees. To assist in determining whether your military experience may relate to the minimum qualifications for this position, Military Occupational Specialty (MOS) codes from each branch of the armed forces have been assigned to each state classification title where applicable. 

Depending upon actual duties, the following fields may pertain to the minimum qualifications of this position. Candidates who meet the minimum qualifications for this position are highly encouraged to apply. 

Branch of Service 

Military Occupational Specialty (MOS) Code Equivalent 

U.S. Army 

Enlisted: 89A Officer: 36A, 70C 

U.S. Navy 

Enlisted: LS Officer: 310S, 651X, 751X 

U.S. Coast Guard 

Enlisted: No military equivalent Officer: 020, 31, 30, 32, F&S, FIN10 

U.S. Marine Corps 

Enlisted: No military equivalent Officer: 3402, 3404, 3408 

U.S. Air Force 

Enlisted: 6F0X1 Officer: 65AX, 65FX, 87Q0 

Please contact the TRS Human Resources Department or the TRS Veterans Liaison with questions or for additional information. 

Additional Military Crosswalk information can be found at: 


Knowledge, Skills and Abilities 

Knowledge of: 

•Applying internal auditing principles and practices, and management principles and leading business practices. 
•The International Standards for the Professional Practice of Internal Auditing and the Code of Ethics promulgated by the Institute of Internal Auditors, and of Government Auditing Standards issued by the Comptroller General of the United States. 
•Texas state government program policies, procedures, regulations, and laws. 
•Teacher Retirement System of Texas programs, policies, and procedures. 
•Information technology terminology, concepts, and practices. 
•An automated working paper system, similar to TeamMate. 
•Leading practices pertaining to investment processes and operations and of investments and derivatives terminology, concepts, and practices 
Skill in:•Applying internal auditing principles and practices, and management principles and leading business practices. 
•Auditing investments, including equities, fixed income, alternative asset, and other investment asset classes. 
•Conducting quality control reviews of audit work products. 
•Collecting and analyzing complex data, evaluating information and systems, and drawing logical conclusions. 
•Planning and project management, and in maintaining composure under pressure while meeting multiple deadlines. 
•Negotiating issues and resolving problems. 
•Using a computer with word processing, spreadsheet, and other business software to prepare reports, memos, summaries, and analyses. 
•Effective verbal and written communications, including interpersonal and active listening skills; and in presenting audit findings and recommendations. 

Ability to: 
•Establish and maintain harmonious working relationships with co-workers, management, staff, and external contractors. 
•Work effectively in a professional team environment. 

Physical Requirements and/or Working Conditions 
•Work is performed in a standard office environment and requires: 
•normal cognitive abilities including the ability to learn, recall, and apply certain practices and policies; 
•marginal or corrected visual and auditory requirements; 
•constant use of personal computers, copiers, printers, and telephones; 
•the ability to move about the office to access file cabinets and office machinery; 
•frequent sitting and/or remaining in a stationary position; and 
•the ability to work under deadlines, as a team member, and in direct contact with others. 

Workforce Expectations 

Must be able to: 
•regularly, reliably, and punctually attend work; 
•work extended hours as necessary; 
•travel occasionally for work assignments and trainings; 
•show flexibility and adaptability toward changes in assignments and work schedules; 
•adhere to the agency's internal management policies and procedures; and 
•exhibit work behaviors consistent with agency core values.

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    University of Texas at Austin
    FAC 18
    2304 Whitis Ave. Stop G6200
    Austin, Texas 78712-1508