Teachers' Retirement System of the State of Illinois
Enterprise Risk Officer
Teachers' Retirement System of the State of Illinois, Springfield, Illinois, us, 62777
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Enterprise Risk Officer
role at
Teachers' Retirement System of the State of Illinois .
This position requires a thorough knowledge of general risk principles, with particular emphasis on Enterprise Risk Management (ERM). The ERO will assist risk owners in the identification of strategic and emerging risks that could negatively impact TRS functions and ability to meet its objectives.
Essential Functions
Design, implement and maintain structures for ERM, including oversight, frameworks, education, management reporting, and representation of TRS with external organizations.
Lead Executive Team efforts to set the risk appetite, identify enterprise risk gaps, prioritize risks and mitigation efforts, and report the status of these efforts to leadership.
Work with risk owners and leaders to coordinate agency efforts in the evaluation of internal controls and improving control activities. Foster a culture of strong risk mitigation and effective risk management through the development and sharing of best practices and contemporary tools/techniques and training.
Coordinate and report on the ERM efforts, risk mitigations, and risk category updates to the TRS Board of Trustees.
Provide consultation, analysis, and technical support to the Director of Risk & Investment Operations and other TRS staff on ERM matters.
Assist risk owners in identifying key risk indicators to successfully mitigate risks that could jeopardize the agency meeting its objectives.
Lead the ERM committee meetings and communicate risk-related concerns to the Director of Risk & Investment Operations and TRS executive leadership, as appropriate.
Assist with ongoing development and maintenance of ERM related reports for staff, internal risk operating committees, and Board meetings.
Maintain awareness of current and potential emerging risks that may impact TRS. Provide education to staff and trustees in support of developing a risk-aware culture at TRS.
Provide information and documentation to auditors when requested and analyze the results of related audits.
Develop, update, and monitor ERM related policies.
Assist with special projects and perform other duties as assigned.
Knowledge, Skills, Abilities
Ability to work effectively with TRS staff, consultants, third-party vendors, and the Board of Trustees.
Demonstrates excellent judgement and decision-making skills.
Exceptional verbal, written, and interpersonal communication skills with the ability to adapt messaging to diverse audiences and contexts.
Must apply a high level of independent judgment in evaluating, drawing conclusions, and reporting on the risk levels related to organizational goals and objectives.
Possess strong quantitative and technical analysis skills.
Proficient in the use of Microsoft Office and familiarity with risk-based tools and measurements.
Ability to operate independently and routinely exercise discretion in performance of the duties of the position.
Minimum Requirements
Bachelor’s degree in risk management, accounting, or similar field of study.
Three (3) years of experience in ERM or auditing, or experience in development and implementation of risk assessments, business processes, information system auditing, or compliance controls. Knowledge of current laws, regulations, executive orders, and best practices regarding ERM and the ability to communicate these effectively throughout the organization.
Excellent written and verbal communication skills.
Ability to build a consensus across various constituencies and achieve results through the efforts of others. Strong planning and organizational skills.
Pay Range $123,261.52 - $192,288.00
Benefits TRS is an agency of the State of Illinois. Eligible for the State of Illinois comprehensive benefits program including medical, dental, vision coverage, retirement pension plan and deferred compensation options. The TRS pension plan is a reciprocal system to other state and local pension plans.
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Enterprise Risk Officer
role at
Teachers' Retirement System of the State of Illinois .
This position requires a thorough knowledge of general risk principles, with particular emphasis on Enterprise Risk Management (ERM). The ERO will assist risk owners in the identification of strategic and emerging risks that could negatively impact TRS functions and ability to meet its objectives.
Essential Functions
Design, implement and maintain structures for ERM, including oversight, frameworks, education, management reporting, and representation of TRS with external organizations.
Lead Executive Team efforts to set the risk appetite, identify enterprise risk gaps, prioritize risks and mitigation efforts, and report the status of these efforts to leadership.
Work with risk owners and leaders to coordinate agency efforts in the evaluation of internal controls and improving control activities. Foster a culture of strong risk mitigation and effective risk management through the development and sharing of best practices and contemporary tools/techniques and training.
Coordinate and report on the ERM efforts, risk mitigations, and risk category updates to the TRS Board of Trustees.
Provide consultation, analysis, and technical support to the Director of Risk & Investment Operations and other TRS staff on ERM matters.
Assist risk owners in identifying key risk indicators to successfully mitigate risks that could jeopardize the agency meeting its objectives.
Lead the ERM committee meetings and communicate risk-related concerns to the Director of Risk & Investment Operations and TRS executive leadership, as appropriate.
Assist with ongoing development and maintenance of ERM related reports for staff, internal risk operating committees, and Board meetings.
Maintain awareness of current and potential emerging risks that may impact TRS. Provide education to staff and trustees in support of developing a risk-aware culture at TRS.
Provide information and documentation to auditors when requested and analyze the results of related audits.
Develop, update, and monitor ERM related policies.
Assist with special projects and perform other duties as assigned.
Knowledge, Skills, Abilities
Ability to work effectively with TRS staff, consultants, third-party vendors, and the Board of Trustees.
Demonstrates excellent judgement and decision-making skills.
Exceptional verbal, written, and interpersonal communication skills with the ability to adapt messaging to diverse audiences and contexts.
Must apply a high level of independent judgment in evaluating, drawing conclusions, and reporting on the risk levels related to organizational goals and objectives.
Possess strong quantitative and technical analysis skills.
Proficient in the use of Microsoft Office and familiarity with risk-based tools and measurements.
Ability to operate independently and routinely exercise discretion in performance of the duties of the position.
Minimum Requirements
Bachelor’s degree in risk management, accounting, or similar field of study.
Three (3) years of experience in ERM or auditing, or experience in development and implementation of risk assessments, business processes, information system auditing, or compliance controls. Knowledge of current laws, regulations, executive orders, and best practices regarding ERM and the ability to communicate these effectively throughout the organization.
Excellent written and verbal communication skills.
Ability to build a consensus across various constituencies and achieve results through the efforts of others. Strong planning and organizational skills.
Pay Range $123,261.52 - $192,288.00
Benefits TRS is an agency of the State of Illinois. Eligible for the State of Illinois comprehensive benefits program including medical, dental, vision coverage, retirement pension plan and deferred compensation options. The TRS pension plan is a reciprocal system to other state and local pension plans.
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