The Internal Audit and Financial Risk Management Director provide leadership and direction on the strategic implementation of a program of risk-based internal auditing. It directs the overall operations of the internal audit office.

The position reports functionally to the Chairman of the Audit and Risk Management Committee (ARMC) and administratively (day-to-day operations) to the President. It is responsible for maintaining an internal audit function that provides the ARMC/Board of Trustees (BoT) and management with an ongoing assessment of the University’s risk management and internal control systems and recommending corrective action as needed (in the “provider of assurance” role). It also participates in policy and system initiatives that management may undertake to promote integrity and efficient use of resources where there is no conflict with the assurance role (in the “provider of consulting services” role).

Main Duties and Responsibilities

Internal Audit Department operations: Ensures the relevance of the Internal Audit function by keeping the Internal Audit Charter updated, orienting stakeholders on its role and value to the University, and obtaining the resources necessary for the achievement of its objectives and programs. Provides a systematic and disciplined approach to an effective risk management plan and governance process. Develops policies/programs that encourage employees and external partners to report suspected fraud and other improprieties without fear of retribution. Liaises with external auditors on activities and plans to ensure appropriate coverage and optimum use of resources. Establishes the tracking mechanism for internal audit recommendations and communicates to management and the ARMC whether corrective action has been effectively implemented and any risk(s) arising from delays in taking such corrective action. Office Management Sets long-term vision and direction of the Office and determines its operational goals in alignment with the University's goals. Assesses and evaluates the Office's processes, policies, procedures, programs, and initiatives for continuous improvement and alignment with the overall University directions and systems. Monitors the achievement of the Office’s metrics and goals regularly. Leads the preparation of the Office’s budget and allocates resources based on its strategies. Ensures the fiscal integrity and management of operations within the approved budget, optimizing resource utilization, and contributing to the positive financial position of the University. Oversees the development of systems, tools, and methodologies to effectively implement office processes efficiently. Oversees the development, review, and if necessary, updating of Office policies, provides inputs that would affect University policies, and ensures the compliance of all stakeholders. Develops and nurtures relationships with various stakeholders. Manages the performance of employees in the Office by setting standards/targets, monitoring and evaluating performance, and providing development opportunities. Represents the University in internal and external events.

III. Performs other work-related tasks as may be required by the immediate supervisor and authorized representative