Job Description

Sophisticated Work. In a Great City. Making a Difference.

The State of Wisconsin Investment Board (SWIB) manages more than $178 billion in assets, including those of the fully-funded Wisconsin Retirement System (WRS). SWIB operates at a level more often seen in top-tier global asset managers than in typical public pension funds. SWIB is a home for top talent. Approximately 61 percent of SWIB’s investment professionals are Chartered Financial Analyst (CFA) charterholders.

The City of Madison, the state capitol and home of Wisconsin’s flagship university, makes regular appearances on lists of best places to live, eat, and play. SWIB offers a modern workspace, hybrid work options, and competitive compensation and benefits.

Serving over 703,000 WRS beneficiaries, SWIB is driven by a clear mission: securing the financial future of those who serve Wisconsin. When you work at SWIB, you know your work matters.

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 through risk-based assurance, advisory services, and actionable insights. Primary activities include audits and other assurance engagements, continuous auditing, and consulting projects. While Internal Audit reports directly to the Board of Trustees, its work also supports management in strengthening governance, risk management, and the control environment. Internal Audit has a broad mandate and currently consists of a team of four professionals who perform these activities.

SWIB is seeking an internal audit manager to lead and conduct audit and assurance engagements focused on investment strategies and oversight, investment operations, and other key areas of risk. The role includes supervision of team members and responsibility for delivering high-quality work in a collaborative and innovative team environment. The role also includes advisory/consulting work, continuous auditing/monitoring, and other value-added activities. This position is responsible for managing end-to-end engagements, developing and mentoring team members, and working cross-functionally to help drive meaningful change.

Essential activities:

• Conduct audit work with professional judgement, due care, independence, and objectivity.
• Contribute to the entity wide audit risk assessment process, development and maintenance of the audit plan, and other strategic audit initiatives.
• Lead key engagement level audit activities that include determining audit scopes and objectives, performing engagement level risk assessments, and developing audit programs and testing strategies.
• Coordinate with third party providers as needed to ensure appropriate resourcing and expertise.
• Evaluate the design and effectiveness of policies, procedures, and key controls through walkthroughs and testing of business processes.
• Lead and perform audit testing to assess the completeness, accuracy, and effectiveness of transactions, processes, and reporting. Document results and identify control improvements.
• Prepare clear and concise reports that communicate audit results, conclusions, and actionable recommendations to management.
• Perform follow up activities to determine effectiveness of corrective actions taken.
• Represent Internal Audit in key meetings (e.g. Board and Committee) as required.

The ideal candidate:

• Bachelor’s degree or master’s degree in accounting, finance, economics, mathematics or a related field.
• 10+ years of relevant audit experience, preferably within investment management or financial services.
• Professional certifications such as CPA, CFA, CIA, or CAIA preferred.
• Experience auditing investment strategies, portfolios, or investment operations preferred.
• Strong analytical and critical thinking skills, as well as intellectual curiosity.
• Clear and effective verbal and written communication skills.
• Ability to adapt and operate effectively in a dynamic environment.
• High level of professionalism, attention to detail, collaboration, and accountability.
• Familiarity with the Institute of Internal Auditors (IIA) Standards, Generally Accepted Accounting Principles (GAAP), and Governmental Accounting Standards Board (GASB) a plus.

SWIB Offers:

• Competitive total cash compensation, based on AON (formerly McLagan) industry benchmarks
• Comprehensive benefits package
• Educational and training opportunities
• Tuition reimbursement
• Challenging work in a professional environment
• Hybrid work 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.All SWIB employees are subject to SWIB’s Ethics Policy and Personal Trade Approvals Policy. These policies include restrictions on outside business activities and employment and have limits on personal trading. You may request copies of these policies from SWIB’s talent acquisition team and any questions can be answered by SWIB’s compliance team.