Securities Enforcement Auditor II

Illinois-Secretary-of-Stat; Chicago (IL); On-site; USD 56,000 - 107,000; Full time

Job summary

Office of the Illinois Secretary of State is seeking a Securities Enforcement Auditor II to perform complex financial reviews, examinations, and regulatory compliance work for securities dealers and investment advisors in Chicago. The role involves supervising staff, preparing detailed written reports, and assisting attorneys and investigators.

Ideal candidates have a four-year degree in accounting or related fields and extensive experience in accounting, auditing, and regulatory practices.

Qualifications

• Four-year college degree with advanced courses in accounting, business, or economics.
• Professional experience in accounting or related field required.
• Ability to supervise and train staff and auditors.

Responsibilities

• Perform complex financial reviews of securities dealers, investment advisors, and related entities.
• Prepare detailed reports and recommend actions based on findings.
• Supervise auditors and trainees; assist attorneys and investigators.
• Conduct investigations into fraudulent activities; interview victims and witnesses.
• Review net capital computations and compliance with regulations.
• Testify in administrative, civil, and criminal proceedings.
• Travel extensively statewide and out-of-state for audits and training.

Skills

Accounting principles

Audit/ exam supervision

Report writing

Regulatory knowledge

Investigative interviewing

Travel willingness

Communication skills

Education

Bachelor's degree in accounting, business, economics, or related field

Job description

Office of the Illinois Secretary of State Alexi Giannoulias

Job Title:

Securities Enforcement Auditor II

Division:

Audit/ Compliance

Union:

IFT

Location:

115 S LaSalle St, Chicago, IL - Cook County

Salary:

Range $4,994 to $9,577 monthly – commensurate with experience

Benefits:

https://cms.illinois.gov/benefits/stateemployee.html

Overview:

Performs difficult and complex financial and other reviews, regulatory compliance examinations for registered securities dealers, investment advisors and other entities selling securities, mineral investment contracts, mineral deferred delivery contracts or rendering investment advice; reviews complex periodic and annual financial filings; advises the department of the results of these reviews and examinations and recommends action to be taken; provides assistance and advise to attorneys and investigators and testifies in administrative, civil and criminal proceedings; supervises and trains Auditor I's and trainees.

Duties and Responsibilities:

• Conducts complex financial and other reviews and examinations of registered dealers, investment advisors and other entities selling securities, mineral investment contracts, mineral deferred delivery contracts or rendering investment advice; reviews department records to become familiar with the firm being reviewed or examined; reviews firm's books and records to determine whether all records required by Illinois Securities Law or regulations adopted thereunder are current and in proper form; evaluates firm's sales practices and interviews firm's personnel, as required; supervises, assists and trains Auditor I's and trainees.
• Prepares detailed and complex reports of review or examination findings and recommends departmental action based on these findings; reviews and supervises reports of Securities Enforcement Auditor I's. Assists in the development of and modification of the internal Securities Department Audit Program.
• Provides assistance and advice to attorneys and investigators on difficult and complex matters; reviews complex financial and other records of investigative subjects; analyzes complex data and develops evidentiary conclusions; advises on accepted accounting standards and techniques; prepares detailed and complex written reports. Supervises audit staff engaged in the above activities; helps prepare budgetary projections and proposals subsequent to expenditure and assessment of program needs.
• Conducts investigations of fraudulent activities by interviewing victims, witnesses and investigative subjects; develops and analyzes information; prepares thorough, detailed and accurate written reports; makes recommendations for administrative or judicial action in complex cases. Travels extensively for audits, investigations and training often overnight and on short notice statewide and out-of-state.
• Reviews firm's periodic net capital computations to determine whether proper methodology was employed in making the computation and whether the firm is complying with the net capital requirements, if required; reviews complex periodic financial statements filed with the Department to determine compliance with the Illinois Securities Law.
• Testifies in complex administrative, civil and criminal proceedings.
• Performs other related duties as required or assigned.

Education and Experience:

Requires knowledge, skill and mental development equivalent to completion of four years of college with advanced courses in accounting, business, bookkeeping, economics, business administration and two years of professional experience in accounting or a related field or any equivalent combination of training.

Knowledge, Skills and Abilities:

• Requires working knowledge of the principles and concepts of accounting.
• Requires ability to conduct complex reviews and examinations and to write reports on findings.
• Requires the ability to examine books and records and to competently investigate complex industry practices.
• Requires the ability to express ideas clearly and accurately, both orally and in writing.
• Requires possession of a valid Illinois drivers’ license.
• Requires proof of automobile liability insurance as required by State law.
• Requires working knowledge of the Illinois Securities Law of 1953 and its attendant Rules and Regulations.
• Requires the ability to supervise and train subordinate technical staff.
• Requires willingness to travel extensively.
• Requires ability to lift/carry up to 25 lbs.

Equal Employment Opportunity Employer

Applicants must be lawfully authorized to work in the United States.

Applicants are considered for all positions without regard to race, color, religion, sex, national origin, sexual orientation, age, marital or veteran status, or the presence of a non-job-related medical condition or disability.