Review Vacancy
TitleDirector of Internal Controls and Risk Management
Occupational CategoryOther Professional Careers
Bargaining UnitM/C - Management / Confidential (Unrepresented)
Salary RangeFrom $112080 to $138223 Annually
Minimum Qualifications Ten years of experience conducting or managing audits, collecting, and analyzing data, compliance reviews, and/or program research, review, and appraisal. Five years of which must have been in Internal Controls and in a management capacity.
Preferred candidate will have extensive in-depth knowledge of NYS Internal Control Standards and COSO Framework, be a Certified Public Accountant (CPA), have a degree in accounting, audit, risk management business, public administration, economics, business, or management.
Certain degrees may substitute for up to five years of the required experience.
Duties Description Under the general direction of the Director of Administrative Services, the incumbent will be responsible for assessing and managing the risk to the NYS Thruway Authority and its employees, customers, assets, and interests of stakeholders. Duties will include, but not be limited to the following:
• Oversee the Authority’s risk management bureau.
• Lead the design and implementation of enterprise risk governance framework including establishing reliable and consistent policies, metrics and assessment tools around quality, risk, exposure, and preparedness, as well as establishing the Authority's risk tolerance thresholds.
• Perform analytical work to identify risk exposures.
• Communicate with various levels of management on whether established policies, practices, and procedures are effectively and efficiently executed.
• Work proactively and communicate with Executive Staff and various leadership to ensure they understand risk and performance decomposition, identifying risks, both quantitatively and qualitatively, of risk issues related to processes in place.
• Ability to determine that assets and resources are efficiently utilized and adequately safeguarded and ensure that adequate internal controls exist and function properly.
• Provide in-depth analysis of current practices.
• Prepare comprehensive reports of reviews conducted of existing operating practices and make appropriate recommendations to ensure the Authority’s success.
• Analyze risk and provide commentary on metrics, manage stress testing and scenarios analysis, analyze daily/weekly risk reports, and contribute to the development of a cohesive institutional investment risk management framework.
• Provide consultative support to agency managers to assist them in meeting internal control requirements, conducting risk assessments, and completing internal control reviews.
• Establish and maintain a system of internal controls and a program of internal control review that complies with all requirements of the NYS Internal Control Act and internal control standards (COSO, GAO, IIA standards), as well as any related legislative, executive, and administrative mandates.
• Implement education and training efforts to ensure that all employees achieve adequate awareness and understanding of risk and control concepts.
• Provide annual internal control training to all levels of NYSDOL including Executive Management, Senior Leadership, Unit heads, and all other staff as appropriate. Training should be tailored each level.
• Ensure policies, standards, and guidelines support the Authority’s mission and align with its strategic direction.
• Ensure that risk management processes and methodologies are well documented and reflect all portfolio risk.
• Maintain a working knowledge of the principles of the Committee of Sponsoring Organizations (COSO), control environment, risk assessment, information and communication, monitoring activities, and existing control activities.
• Prepare reports, deliver presentations to managers and other staff on internal control assessments, and provide recommendations and periodic progress updates on remediation and operational improvements.
• Conduct ongoing monitoring and evaluate whether internal controls are working as intended.
• Provide monitoring reports on the status of audit recommendations to internal audit.
• Conduct verification procedures and follow reviews to determine whether audit recommendations issued by the Internal Audit Unit and external auditors are implemented and incorporated into the internal control system, as appropriate.
• Excellent analytical and communication skills, both verbal and written.
• Working knowledge of Microsoft Office Suite, Adobe Pro, SharePoint.
• Assist with budget management tasks as required.
• Perform periodic reviews of existing policies, standards, and guidelines to ensure relevancy.
• Perform the full range of supervisory duties.
Additional Comments Free onsite employee parking.
Some of the benefits provided to Management Confidential (M/C) Thruway Authority employees include:
Health Insurance and Prescription Drug Coverage.
Dental and Vision Coverage.
13 Paid Holidays, 4 of which are floating holidays, which are credited in July each year for use from July 1st through June 30th.
Vacation, Sick and Personal Leave Accruals.
Eligible to exchange up to 5 days of their accrued vacation credits for cash compensation. Also eligible to exchange a maximum of 5 additional days for a total of 10 days if they have a vacation accrual balance of at least 35 days.
Employees who maintain a continuous sick leave balance of 165 days may be eligible for sick leave incentive compensation. Employees with less than 165 days may be eligible for a prorated incentive payment.
Health insurance opt out program is available, eligible employees will receive compensation for participating in this program.
Sick Leave at Half Pay eligibility if requirements are met.
Sick Leave is credited at the rate of one-half day each biweekly pay period up to a total of 165 days.
Paid Family Leave benefit, which provides job-protected paid time off for covered family leave.
Disability Benefits Program which provides disability benefits for an off the job injury or illness.
Membership in the New York State and Local Retirement System, as well as optional enrollment in the NYS Deferred Compensation Plan.
Tuition Assistance Program which reimburses 90% of tuition costs for approved courses up to 15 credit hours per year.
New York's 529 College Savings Program which provides New York families with a tax-advantaged way to save for college.
Flexible Spending Program, which allows employees to set aside pre-tax payroll deductions for eligible health care and dependent care expenses.
Employees with 20+ years of State/Authority service may receive up to an additional five days of vacation leave accruals annually.
Longevity Pay: Employees with five years of satisfactory service at or above the maximum salary of their grade will be eligible to have salary advanced to the First Longevity, 10 years of satisfactory service will advance to the Second Longevity, and 15 years of satisfactory service will advance to the Third Longevity. Longevity pay has a positive impact on retirement.
Employees are paid bi-weekly, with no lag time.
The New York State Thruway Authority is an Equal Opportunity Affirmative Action Employer. Diverse candidates are encouraged to apply.
New York State Human Rights Law prohibits discrimination based on age, race, creed, color, national origin, sexual orientation, military status, familial status, citizen or immigration status, sex, disability, marital status, gender identity or expression, prior arrests, prior conviction records, predisposing genetic characteristics or domestic violence victim status. The Thruway Authority is committed to a workplace free from discrimination based on the referenced characteristics and other federal and state protected characteristics.
The New York State Thruway Authority provides reasonable accommodations to applicants with disabilities.
If you need a reasonable accommodation for any part of the application and hiring process, please contact the Office of Equal Employment Opportunity and Diversity Development at accommodations@thruway.ny.gov or call (518) 471-4321.
Some positions may require additional credentials or a background check to verify your identity.
Email Address canvassreply@thruway.ny.gov
Address
Notes on ApplyingIf interested in this vacancy, please submit a resume and any other documents for proof of eligibility to the contact information in this announcement. Please include the Vacancy ID and title of the position you are applying for in your email.