Institute for Credentialing Excellence (ICE) Managing Director,
Internal Audit and Compliance
Managing Director, Internal Audit and Compliance Wespath
Benefits and Investments, recognized as one of “Chicago’s Best and
Brightest Companies to Work For®” in 2017-2020, has an opportunity
for a chief audit executive who will be responsible for maintaining
and improving the Internal Audit and Compliance framework of the
organization. The position is specifically responsible for
supporting the accomplishment of strategic objectives and helping
ensure that established financial, operational and compliance
practices, and the related controls, are designed and operating
effectively. In addition, the position will lead financial and
accounting fraud investigations. The position has a reporting line
to the Audit Committee of the Board of Directors and will provide
the Committee with periodic formal assessments of the adequacy of
Wespath’s internal control environment. The position seeks to
optimize the financial and quality controls of and mitigate risks
to the organization through three focus areas: Compliance, Process
Analysis (PA), and Internal Audit.
More specifically, the Managing Director, Internal Audit and
Compliance, will have the opportunity to:
Manage staff of approximately 9 direct and indirect reports in
accordance with organizational policies and procedures including
attainment of business objectives, essential duties and
responsibilities, including planning, budgeting, hiring, training
and performance management.
Assess and seek to maintain compliance with established internal
control procedures by examining records, reports, operating
practices and documentation.
Ensure that all internal audit work conforms to the “Standards
for the Professional Practice of Internal Auditing.”
Support Chief Legal and Governance Officer in maintaining
Wespath’s risk management and mitigation program, including
identifying, assessing, monitoring and mitigating enterprise risks,
and reporting on the same to the Audit Committee and Board of
Lead annual enterprise risk assessment and develop internal
audit and compliance assessment plan with co-sourced internal audit
firm, and Chief Legal and Governance Officer; with input and
approval from senior leadership and the Audit Committee.
Oversee development, implementation and maintenance of
Compliance, Risk Management, and Process Documentation policies and
frameworks for the organization.
With guidance from the Chief Legal and Governance Officer,
conduct or oversee periodic audits, assessments and reviews.
With assistance from and oversight by the Chief Legal and
Governance Officer serve as part of liaison team to the Audit
Committee of the Board of Directors.
Manage Wespath’s Process Governance Committee and guide the PA
function in helping to design and reviewing processes by
identifying efficiency improvements and financial and quality
controls and comply with established business process
Oversee responsibilities of Compliance Specialists including,
but not limited to supporting escalated plan and claim issues and
the appeals process as directed by the Chief Legal and Governance
Officer; overseeing maintenance and updates to internal policies,
regulatory and policy manuals, and summary plan descriptions;
striving to ensure that operations are in compliance with plan and
regulatory requirements and organizational policies with oversight
from the Chief Legal and Governance Officer; overseeing compliance
with investment management policies, practices and activities for
adherence to established standards and legal requirements
Coordinating other Compliance Department functions and
responsibilities as assigned.
As appropriate, in coordination with the Accounting & Finance
Department, review financial statements; and support oversight of
annual external financial audit.
Bachelor’s degree in business or related field; or equivalent
10 years of employee benefit plan management and administration
experience or compliance / internal audit experience in the
financial services industry.
5 years leading a team of professional level staff.
Demonstrated familiarity with applicable federal law and
Experience managing internal audit activities.
Proven analytical ability, process orientation, with root cause
Proven ability to design, implement and manage quality control
processes. Working knowledge of Windows, MSOffice, and an ability
to work with complex information systems and technologies.
Demonstrated ability to interpret technical documents and
application of technical requirements to plan management and
Master’s degree in business or related field.
Experience managing internal audit activities in the Financial
Effective consulting and project management skills.
Certified Public Accountant, Certified Internal Auditor,
Certified Risk Analyst, Certification in Risk Management Assurance,
or other equivalent certification.
Six Sigma, CQA, or other equivalent quality certification.
Wespath Benefits and Investments, recognized as one of
“Chicago’s Best and Brightest Companies to Work For®” in 2017-2020,
is a not-for-profit administrative agency of The United Methodist
Church. Wespath is responsible for the general supervision and
administration of retirement, health and welfare benefit plans and
programs, and investment fund management for more than 100,000
active and retired clergy and lay employees in the U.S. and around
Our operations include retirement services, the Center for
Health, investment management, environmental, social and governance
(ESG) issues, positive social purpose (PSP) lending, U.S. pension
plans and global pension programs, health and welfare benefit
plans. In service since 1908, Wespath has approximately $24 billion
in assets under management. It ranks among the top 100 pension
plans in the country and is the largest reporting denominational
investor in the world. As the nation's largest faith-based pension
fund, Wespath works globally with corporations to address
environmental, social and governance (ESG) issues, with a focus on
responsible and sustainable investing.
A unique, values-driven benefits and investments organization,
this Chicago-area employer is known as “a great place to work.” The
Glenview, IL headquarters building was awarded a Leadership in
Energy and Environment Design (LEED) Gold certification by the U.S.
Green Building Council for efficiencies in the building’s design,
construction, operation and maintenance. Wespath strives to lessen
its environmental impact, reinforcing the organization’s core value
of stewardship. The agency has received Best Employees for Healthy
Lifestyles and Eye on Health awards and provides incentive programs
that focus on the well-being of its employees.
Job ID: 54511743
Position Title: Managing Director, Internal Audit and
Company Name: Wespath Benefits and Investments
Wespath Benefits and Investments is a 2017, 2018 and 2019
Chicago’s Best and Brightest Companies to Work® and a 2018 and 2019
National Best and Brightest Companies to Work®. Wespath is a
not-for-profit administrative agency of The United Methodist
Church, responsible for the general supervision and administration
of retirement, health and welfare benefit plans and programs, and
investment fund management for more than 100,000 active and retired
clergy and lay employees in the U.S. and around the
Director of Major and Planned Giving / Associate...
2025 M Street, NW, Suite 800 Washington, Dist. Columbia 20036