Headquarters - Internal Audit St. Louis, Missouri
Full-time employment opportunity with a dynamic and
multi-faceted resource for economic development.
Since 1950, we have partnered with private and public
organizations on hundreds of projects that have created thousands
of jobs on both sides of the Mississippi River.
BSD operates with a focus on making a positive impact on the
region and the nation, better connecting the Bi-State area to the
rest of the world. We are impacting neighborhoods, large and small,
in Illinois and in Missouri, with investments that are shaped by
our unique perspective of the region and its potential .
Develops, implements, administers, and directs Bi-State
Development’s (BSD’s) comprehensive internal audit program,
including managing and conducting complex performance, operational,
financial, compliance, and information system audit activities in
order to evaluate the effectiveness of internal controls withal all
BSD divisions/departments and programs. Provides the BSD Board of
Commissioners, BSD Executive Management, and appropriate government
entities with independent analysis, appraisals, and recommendations
concerning operational, information technology, vendor contracts,
and financial audits. Provides consulting services to senior
management and staff. Maintain organizational and professional
The Chief Audit Executive reports functionally to the Audit,
Finance, & Administration Committee Chair and administratively to
the President and CEO.
Direct the overall activities of the Internal Audit Department.
Establish and update internal auditing policies, programs, plans,
schedules, and procedures which enable Internal Auditors to
efficiently accomplish audits in a timely manner.
Lead multiple audit projects simultaneously, including audit
plans, follow ups, and pre-implementation reviews.
Develop a strategic vision to enhance and clarify the framework
for how the Internal Audit division addresses risk within BSD’s
Prepare annual audit plan for approval from the Board of
Commissioners, with input from management that encompasses audit,
investigative, and cross-functional activities for the Internal
Provide the President and CEO, the Audit, Finance, and
Administrative Committee, and the Board of Commissioners with an
annual summary of internal audit activities, in addition to
providing copies of final internal audit reports to appropriate
Coordinate with the SSO function to assure the implementation of
Ensure work papers are adequately documented and audit evidence
is sufficient. Prepare accurate and timely audit reports for the
Audit Finance, and Administrative Committee of the Board of
Communicate with the Chair of the Audit, Finance, and
Administrative Committee on a regular basis; communicate the
results of audit and consulting projects via written reports and
oral presentations to management, Audit Finance, and Administrative
Committee and the Board of Commissioners. Understand the
information needs of executive management and keep them
Confer with management and the Audit, Finance and Administrative
Committee to review audit plans, audit results, and recommendations
to resolve audit findings.
Model open, clear, and objective communication and build trust
in the internal audit function. Serve as a resource to management
in providing special reviews as requested or where needs are
Determine project staffing and scheduling to achieve execution
of goals and completion of the Audit Plan.
Create a collaborative approach, building relationships across
BSD in order to deliver high impact results.
Determine and manage budgetary requirements, priorities, and
objectives for the Internal Audit Department.
Manage and direct the work of the Internal Audit Department
employees. Interview, hire, and develop the Internal Audit team.
Set expectations and manage performance of employees.
Delegate authority to subordinates and holds them accountable
for the quantity and quality of their assignments.
Establish and maintain appropriate audit and investigation
guidelines to assure that they reflect current requirements, and
provide adequate emphasis in identifying weaknesses in controls and
Provide advice and consultation to BSD management in carrying
out audit recommendations and correcting programmatic and
operational weaknesses to reduce the potential for fraud and
Operate in a highly confidential manner to ensure effective work
results that are mindful of privacy policies and other legal
Knowledge, Skill, & Abilities
Extensive knowledge of, and skill in applying, internal auditing
and accounting principles, theories, and practices; financial
principles; management principles; and preferred business
Considerable knowledge of the Standards for the Professional
Practice of Internal Auditing and the Code of Ethics developed by
the Institute of Internal Auditors.
Considerable knowledge of, and skill in applying, industry
program policies, procedures, regulations, and laws (i.e. Federal
Considerable knowledge of techniques, testing, and sampling
methods involved in conducting audits and the requirements set
forth in the Standards for the Professional Practice of Internal
Knowledge of management information systems terminology,
concepts, and practices.
Knowledge of automated accounting systems.
Knowledge of government and grant administration, operations,
and government budget techniques.
Proficient in Microsoft Windows, Word, and Excel.
Possess considerable experience in evaluating complex programs
and operations and an ability to assess results and then develop
and implement recommendations for improvements.
Familiar with theories, principles, practices, and program areas
related to audits and investigations.
Possess familiarity with transit capital and operating
Knowledge of the principles and practices of financial,
compliance, and performance auditing;
Knowledge of the principles of finance, governmental accounting,
budgeting, cost control, and business law;
Knowledge of the regulatory codes, laws, and directives
governing the operations of transit agencies;
Knowledge of the current laws, directives, and professional
standards applicable to auditing and governmental accounting;
Ability to select, supervise, train, motivate, assign, evaluate,
counsel, and discipline staff.
Ability to plan, organize and direct the operations of a
Ability to stay abreast of new laws, directives, and
professional standards applicable to auditing and accounting.
Ability to apply sound auditing, accounting, and management
principles in various situations.
Ability to obtain the cooperation of others under adverse and
Ability to take initiative, reason logically, and be creative in
developing and introducing new ideas.
Ability to collect and analyze complex data, evaluate
information and systems, and draw logical conclusions.
Ability to collaboration across departments and functions;
ability to build and maintain effective working relationships.
Effective communication skills, both orally and in writing;
ability to write clear and concise reports; ability to communicate
technical information to non-technical audiences.
Strong interpersonal skills.
Strong results-oriented leader, capable of listening carefully
and responding appropriately and with sound judgment.
Ability to maintain organizational and professional ethical
Ability to appropriately handle damaging or sensitive
information discovered during an audit.
Ability to exercise judgment effectively.
Degree: A Bachelor’s degree required. MBA is highly
Years : At least ten years progressively res ponsible experience
Five (5) years of senior management experience
Active member in Community/State/Federal professional
Field: Accounting, Finance or Business Administration
Fi el d: Required professional certification as a Certified
Public Accountant (CPA) or Certified Internal Auditor (CIA).
Professional certification as a Certified Fraud Examiner (CFE) or
Certified Information Systems Auditor (CISA)
Bi-State Development is committed to providing an Equal
Employment Opportunity experience for all employees, applicants,
vendors and customers with an environment free of discrimination,
harassment, and retaliation.
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