Summary of Work Activities and Responsibilities

Under the supervision of the Director, the Internal Auditor III is responsible for the timely planning and execution of risk-based audits and other projects to effectively and systematically evaluate and improve the effectiveness of the University’s risk management and internal control systems.

This position shall also evaluate whether financial risks are appropriately identified and managed; financial information and the means to report them are accurate, timely, and actionable; assets are acquired economically and adequately protected; internal controls are adequate and operating as intended; established processes and systems enable compliance and processes are in place to report and investigate fraud, theft and other infractions.

Main Duties and Responsibilities
I. Internal Audit

Plans the details of the audit particularly the requirements and testing procedures to obtain the information Performs full audit cycle including risk management and control, operations effectiveness, compliance, and financial health Coordinates with the auditee’s key personnel for the execution of the approved work plan and documents the audit process in conformity with professional audit standards Evaluates the adequacy of process design and effectiveness of controls in meeting business, control, risk management, and compliance objectives, and provides evidential support for findings Participates in closing meetings with the auditees at the end of fieldwork and provides clear explanations for identified issues Prepares concise audit reports for review of the Director to effectively communicate findings and recommendations to management Provides inputs in the development of the annual Audit Plan with inputs from key personnel such as the Unit/Department Heads and the Audit Committee Performs consulting services for management through participation in special projects designed to introduce new and/or changes to processes, systems, and/or procedures

II. Office Support and Client Management

Assists the Director in the preparation of the annual budget and its day-to-day management Coordinates the work of the third-party audit firm in developing audit questionnaires, liaising with University personnel, performing fieldwork, etc. Develops and maintains effective working relationships with all levels of staff, senior management, and the members of the Audit Committee

III. Performs other duties as may be required by the immediate supervisor and/or authorized representatives