Job ID: 2023-17344 Type: Full-Time # of Openings: 1 Category: Legal and Compliance
The Office of Audit and Compliance (OAC) serves as a proactive partner and trusted advisor to University management and departments to assess and support the mitigation of risks that may have a significant impact on the achievement of the Universityâ™s objectives. The goal of the OAC is to promote a culture of risk and compliance awareness at the institution through the services it provides. OAC seeks an experienced candidate with high professional and ethical standards who will provide quality audit and advisory services to the University.
Candidates with internal audit and/or equivalent operations experience are well-suited for this position. Reporting to the Executive Director - Internal Audit, the Internal Audit Manager (Audit Manager) will conduct key strategy and planning activities related to the annual risk assessment and audit plan for the University and assist in timely execution of the audit plans. The Audit Manager will be responsible for independently planning, executing, developing, and communicating value-add results of assurance and advisory engagements to senior management and will also supervise projects conducted by OAC staff and external service providers. The Audit Manager will take a leadership role in the development of a University-wide data analytics framework to enhance the OACâ™s audit approach. In addition, the Audit Manager should have a desire for continued career growth and a passion for learning and implementing new technologies and agile auditing techniques to enable collaboration with the Executive Director in pursuit of continued innovation of the Universityâ™s audit function.
Execute Assurance and Advisory Projects (65%)
Lead/perform operational, financial, and compliance audits and/or advisory services throughout the University in conformance with IIA standards.
Plan and execute all aspects of risk-based audit and advisory projects by partnering with client department management to define the scope and objectives, project resource requirements, identify needs for specialized skills, timing and budgets. Create and demonstrate an agile audit approach for each project.
Design detailed audit work programs (in many cases customized for the environment), conduct interviews, document and analyze processes and apply critical thinking to evaluate risks and controls and assess the results of audit testing. Create detailed workpapers that substantiate audit findings.
Develop and maintain a thorough knowledge of University systems and utilize data analytics-based audit techniques as a routine audit tool.
Evaluate audit findings, determine root causes, and extrapolate relevant institutional themes to develop relevant and achievable recommendations based on leading practice, the risk profile of the client and institution. Ensure that projects have value-add results and are completed timely.
Critically apply insights and knowledge of operational and IT controls to enable clients to effectively manage risks.
Manage the execution of professional services teams on co-sourced projects and deliver value-add outcomes.
Prepare and present professional audit and advisory project reports to a diverse group of institutional constituents including Deans and Vice Presidents, summarizing observations, recommendations, and management responses.
Supervise work and provide guidance to senior auditors to provide timely and quality project delivery. Ensure audit documentation meets departmental and professional quality standards.
Keep abreast of leading practices in internal audit. Network with colleagues from professional associations and other Universities to share information on industry risks and regularly benchmark best practices.
Design and Implement Data Analytics Framework (20%)
Enhance the OACâ™s audit approach to leverage data in annual risk assessments and audit projects.
Take a leadership role in the development of a data analytics framework as a risk management tool for academic departments. Leverage currently available tools and resources; identify opportunities for new and enhanced analytic approaches to support repeatable outcomes in the application of the framework.
Partner with the OAC IT audit team to define and enable data requirements to support audit projects and collaborate with relevant campus stakeholders to enable the availability of data.
Provide Strategy and Leadership Support (15%)
Partner with the Executive Director to continue to mature the Universityâ™s audit function through innovation and the implementation of new technologies, elevated testing approaches, assessment techniques, and agile engagement delivery.
Collaborate with the Executive Director to execute the annual risk-assessment strategy and draft the audit work plan for the University.
Conduct annual risk assessment interviews with senior executives and other managers throughout the University; identify and incorporate risk data from multiple internal and external sources to assess risk and analyze results.
Identify, evaluate, and operate value-add technology tools for OAC operations and internal audit projects.
Proactively identify and build relationships with colleagues from other Universities to share information on industry risks and leading practices.
Assist with Trustee and Senior Management presentations as required.
Demonstrate foresight, superior judgment and the ability to develop creative solutions using a risk-based approach in the performance and management of all tasks.
Support the progressive development of senior auditorâ™s knowledge, skills, and abilities by identifying key learning opportunities and developing value-add training materials.
Keep current with developments in relevant technologies and audit methodologies; independently develop and propose to the Executive Director an annual risk aligned training plan.
Perform special projects and represent OAC on University committees, as required.
High ethical standards representative of Princeton Universityâ™s commitment to excellence.
6+ years of experience in internal audit, public or financial accounting, and/or appropriate equivalent operational experience.
Knowledge of GAAS and IIA professional standards.
Demonstrated ability to thoroughly analyze business processes, evaluate controls including IT controls, apply critical thinking skills and sound business judgement in the application of auditing principles, University Finish policies, and business practices to assess risks and recommend controls.
Experience in developing and executing strategies for effective data analysis.
Knowledge of information systems/ERP controls and reporting tools.
Excellent project management skills and demonstrated ability to achieve audit objectives on multiple, complex, concurrent projects.
Experience managing multiple project stakeholders (internal and external) in concurrently running engagements.
Strong analytical, problem solving, time management, and interpersonal
Excellent communication skills, including proven ability to prepare and present clear and concise reports to stakeholders and articulate complex and/or technical issues.
Superior judgment, diplomacy, integrity, and discretion in handling sensitive information.
Self-motivation, initiative, and broad thinking.
BA/BS in accounting, business, information systems, or related field. Current CIA, CPA, CISA, or other relevant certification, or commitment to pursue.
Advanced degree in business, finance, or related field or CompTIA Data+ data analytics certification.
Knowledge of University operations and/or experience in higher education or other not-for-profit institution.
Experience with regulatory, compliance, and ethical matters.
Supervisory experience leading project teams.
Experience managing projects co-sourced with professional services firms.
Experience performing IT audits including pre- and post-implementation reviews, application and general controls
Experience with data analysis and visualization tools.
Good working knowledge of internal control conceptual frameworks (such as COSO and COBIT).
Please submit a cover letter with your application materials.
This role is Princeton-based and does not require travel The finalist will be required to successfully pass a background check.
Princeton University is an Equal Opportunity/Affirmative Action Employer and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, protected veteran status, or any other characteristic protected by law. KNOW YOUR RIGHTS
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