The Director of Internal Audit is the chief audit executive for the University and is responsible for designing, organizing, and carrying out annual campus-wide internal audits that include safety, financial, operational and compliance activities. The Director of Internal Audit also provides consulting and advisory services to the university as needed and conducts special audit reviews. The Director exhibits sound judgement in identifying and recommending management improvements and determines when expertise provided by outsourced audit resources is needed. The overall goal of Internal Audit is to provide reasonable risk-based assurance - in the interest of managing risk and promoting organizational improvement - related to internal controls, efficiency and compliance with university policy and procedures and applicable laws and regulations. The position reports functionally to the Audit Committee Chair of the Board of Trustees and administratively to the Vice President for Finance.
$175,000 to $200,000
The Director of Internal Audit has the responsibility to:
Develop a flexible annual audit plan using an appropriate risk-based methodology, including any risks or control concerns identified by management and present that plan to the Audit Committee for review and approval as well as periodic updates.
Implement the annual audit plan on a timely basis and monitor compliance with timeliness of management action plans to correct deficiencies identified in the course of internal audits and report regularly to the Audit Committee on the status of each action plan.
Maintain a professional audit staff with sufficient knowledge, skills, experience, and professional certifications to meet the responsibilities of the Internal Audit Department including but not limited to hiring, evaluating, monitoring, terminating, counseling, and recognizing and developing personnel.
Together with the Vice President for Finance coordinate the preparation and staffing of meetings of the Audit Committee of the Board of Trustees and ensure that committee charter requirements are addressed.
As part of an annual audit plan or as requested, advise, evaluate and assess the controls associated with significant services at Rice including merged/consolidated functions or new or changed services, processes, or operations coincident with their development, implementation and/or expansion.
Demonstrate quality and continuous improvement including keeping informed of emerging trends and best practices in internal auditing.
Identify and communicate any areas of risk that need to be raised to the attention of University leadership.
Monitor hotline and complaint activity and assist as required in the investigation of significant suspected fraudulent activities within the University and notify management and the Audit Committee of the issues.
Consult with senior management, external auditors and regulators about risk issues facing the University.
Serve on University committees, as appropriate, in an ex officio capacity.
Work with the Vice President for Finance to develop an operating budget for the audit function and recommend budget requirements for each fiscal year. Ensure appropriate and prudent spending and control of the Internal Audit operating budget.
Ensure that the internal audit function will meet or exceed the Standards for the Professional Practice of Internal Auditing of the Institute of Internal Auditors.
Ensure that the responsibilities as stated in the Internal Audit charter are carried out.
Maintains relationships with Internal Audit Directors at peer institutions and related professional organizations.
Serves as a representative of the University, displaying courtesy, tact, consideration and discretion in all interactions with other members of the Rice community and with the public.
A minimum of ten years of experience in internal auditing with at least six years at the supervisory level is required. Solid understanding and experience in working with enterprise-wide ERP systems and expertise in the role technology plays in both business processes and the underlying internal controls is required.
Audit-related professional certifications.
Attention to detail and excellent analytical skills, as well as knowledge of accounting principles and practices, internal auditing standards, and techniques required for performing audits.
Strong interpersonal and communication skills. Able to communicate effectively orally and in writing with appropriate detail, judgement and discretion at all levels of the organization including senior management and the Board of Trustees. Has a sophisticated understanding of how best to communicate about audit and risk assessment across the campus. Builds relationships and listens well.
Demonstrates competence, professionalism and leadership presence: Is objective and free from undue influence; conveys sound judgment; builds trust; is collaborative, insightful, proactive and future-focused.
Well-organized, ensuring that all deliverables are met on time with excellent results and anticipates implementation or workload issues related to emerging developments.
Demonstrates integrity and the highest ethical standards in all aspects.
A master's degree is preferred, preferably in business or accounting.
A role in Internal Audit within a research university is preferred.
Knowledge of higher education is preferred.
Rice University is an Equal Opportunity Employer with commitment to diversity at all levels, and considers for employment qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national or ethnic origin, genetic information, disability or protected veteran status.
Current Rice University COVID policies, which include vaccination, face mask, testing, gatherings, occupancy limits, and travel policies can be found here: https://coronavirus.rice.edu/policies
As a leading research university with a distinctive commitment to undergraduate education, Rice University aspires to pathbreaking research, unsurpassed teaching and contributions to the betterment of our world. It seeks to fulfill this mission by cultivating a diverse community of learning and discovery that produces leaders across the spectrum of human endeavor.