Full-Time

Internal Auditor

Posted on 10/4/2025

State of Wisconsin Investment Board

State of Wisconsin Investment Board

Manages public funds through investment portfolio

No salary listed

Madison, WI, USA

Hybrid

Relocation reimbursement offered to the Dane County area.

Category
Legal & Compliance (1)
Requirements
  • Bachelor’s or master’s degree in accounting, finance, economics, or mathematics preferred.
  • 3 to 10 years of professional auditing experience preferred.
  • CPA, CFA, CIA, or CAIA designation preferred.
  • Experience auditing investments preferred.
  • Familiarity with Generally Accepted Accounting Principles (GAAP), Governmental Accounting Standards Board (GASB), and the Institute of Internal Auditors (IIA) Standards a plus.
Responsibilities
  • Perform key engagement-level audit activities, including determining audit scopes and objectives, completing engagement-level risk assessments, and developing audit programs, testing plans, and procedures.
  • Review policies and procedures for adequacy and identify key controls via walkthroughs or testing of business processes.
  • Conduct audit testing to ensure transactions, reports, and processes are complete, accurate, and effective; document results; and recommend process improvements when appropriate.
  • Prepare audit and other written reports to communicate audit results, conclusions, and recommendations to management.
  • Conduct audit work with proficiency and due professional care while maintaining independence and objectivity.
  • Participate in the entity-wide audit risk assessment process, development of the audit plan, and strategic initiatives.
  • Perform post-audit follow-up activities to determine adequacy of corrective actions taken.
  • Attend key meetings (e.g. Board and committees) and represent Internal Audit as required.
Desired Qualifications
  • Passion for auditing, innovation, and building long-term partnerships.
  • Collaborative mindset with strong interpersonal skills.
  • Team player who thrives in a small, tight-knit group and is easy to work with at all levels — we value respect and a humble approach to teamwork.
  • Ability to think critically and make clear, thoughtful recommendations.
  • Values continuous learning, intellectual curiosity, and transparency.
  • Highly organized, with excellent project management skills and attention to detail.
  • Ability to be adaptive and thrive in a continuously evolving environment.
State of Wisconsin Investment Board

State of Wisconsin Investment Board

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SWIB manages and invests Wisconsin’s public employee retirement funds and other state assets for residents. It pursues long-term investments across stocks, bonds, real assets, and alternatives using internal research, risk controls, and external managers to build diversified portfolios and meet actuarial targets while controlling costs. As a state agency, it operates with fiduciary responsibility to public funds, emphasizing prudent stewardship, transparency, and long-horizon investing at scale. Its goal is to maximize long-term returns for Wisconsin’s public retirement systems while keeping risk and costs in check to ensure stable funding for beneficiaries.

Company Size

N/A

Company Stage

N/A

Total Funding

N/A

Headquarters

Madison, Wisconsin

Founded

1951

Simplify Jobs

Simplify's Take

What believers are saying

  • Core Fund 8.5% one-year return and 7.2% five-year return exceed 6.8% target.
  • Increased private equity allocation to 20% captures higher-return alternative investments.
  • Fully funded $139 billion WRS with strong asset base supports long-term growth.

What critics are saying

  • 20% private equity exposure vulnerable to valuation markdowns from rising interest rates.
  • Legislative ESG divestment mandates force $5-10B climate fund exits, reducing returns.
  • 38% public equity concentration in Magnificent 7 risks 15-20% drawdown scenarios.

What makes State of Wisconsin Investment Board unique

  • Generated $15 billion above passive benchmark over 20 years through active management.
  • Diversified across public equities, private markets, real estate, and inflation-sensitive assets.
  • Added $4 billion above benchmark returns in five years ending December 2024.

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Benefits

Comprehensive benefits package

Educational and training opportunities

Tuition reimbursement

Hybrid work environment

Relocation Assistance

Professional Development Budget

Hybrid Work Options

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