Northwestern seeks a Director of Internal Audit to play a pivotal role in helping the University identify and mitigate risk.
Reporting directly to the Associate Vice President, Compliance, Audit, and Advisory Services, the Director of Internal Audit will primarily be responsible for the management of the internal audit function which will be staffed by a third party service provider. The Director will also have a reporting relationship to the Audit, Risk, and Compliance Committee of Northwestern’s Board of Trustees. The Director will be a critical component of the collective team of professionals responsible for identifying, assessing, and strategizing the mitigation of risk at Northwestern and will work closely and collaborate with the facilitators of the Enterprise Risk Management process, colleagues in other business-service areas, Vice Presidents across central management areas of the institution, Deans and their management teams, and with other University units. The Director will use his/her skills to take on risk-based assignments that include and at times extend beyond the internal audit function.
- Acts as liaison and relationship manager between internal audit staff and University partners and senior leaders.
- Manages an outsourced internal audit function charged with assessing strategic, financial, operational, information-technology, and management risks and the design and operating effectiveness of related internal controls and mitigation strategies.
- Collaborates with the internal audit service provider to develop and carry out comprehensive risk assessments to identify opportunities to enhance the control environment, and improve business processes.
- Assists the internal audit service provider to create and execute an annual internal audit plan that focuses on high-risk areas based on the risk assessment process and obtain plan approval from the Audit, Risk, and Compliance Committee of the Board.
- Ensures the internal audit service provider’s documentation of findings and management responses are developed and delivered in a timely, clear and effective manner.
- Evaluates the adequacy of management’s response for corrective action and perform the necessary follow-up procedures to determine their operating effectiveness.
- Conducts one-off audit activities and document results of audit work in accordance with standards for the Professional Practice of Internal Auditing and the Code of Ethics adopted by the Institute of Internal Auditors.
- Completes special projects, as required.
- Advises and prepares presentations for the Associate Vice President/Chief Compliance Officer, senior University leadership, and the Audit, Risk, and Compliance Committee on high-risk findings, higher education industry risks, and opportunities to improve business processes.
- Coordinates the work of internal audit service provider with the work plans of the University’s ERM program and Compliance program.
- Coordinates with the internal audit service provider to communicate the audit process to the University area being audited.
- Interacts with the University’s external auditors as necessary.
- Performs other duties as assigned.
- Successful completion of a full 4-year course of study in an accredited college or university leading to a bachelor's or higher degree preferably in accounting or finance.
- Master’s degree in business administration, accounting or related field.
- Professional certification such as a Certified Public Accountant (CPA), a Certified Internal Auditor (CIA).
- Seven years’ professional auditing experience.
- Demonstrated leadership/supervisory experience.
Minimum Competencies: (Skills, knowledge, and abilities.)
- Excellent relationship building, interpersonal, superior written and verbal communication skills with a highly collaborative personal style and the ability to deliver sensitive information tactfully and professionally.
- Ability to manage confidential and sensitive information with integrity and caution; excellent judgment.
- Strong organization skills, with demonstrated attention to detail.
Preferred Qualifications: (Education and experience)
- Audit experience within an institution of higher learning or other complex, highly regulated industry preferred.
Preferred Competencies: (Skills, knowledge, and abilities)
- A robust understanding of information technology risks and proven experience with information technology audits.
As per Northwestern University policy, this position requires a criminal background check. Successful applicants will need to submit to a criminal background check prior to employment.
Northwestern University is an Equal Opportunity, Affirmative Action Employer of all protected classes, including veterans and individuals with disabilities. Women, racial and ethnic minorities, individuals with disabilities, and veterans are encouraged to apply. Hiring is contingent upon eligibility to work in the United States.