Director of Internal Audit

Company: Fayetteville State University

Job Location: Fayetteville, 28301

Category: Business and Financial Services

Type: Full-Time

Position Number: 088118

Time Limited Position: No

Number of Vacancies: 1

Department: Division of Legal, Audit, Risk and Compliance

Posting Number: 0401799

Primary Purpose of the Organization:

The Office of the Internal Audit is an independent unit within the Division of Legal, Audit, Risk, and Compliance (LARC). The primary purpose of the Office of Internal Audit is to provide independent, objective assurance and consulting services designed to add value and improve the University's operations. The Office assists the University in accomplishing its strategic objectives.

Primary Purpose of the Position:

The purpose of the position is to oversee and manage the internal audit functions of Fayetteville State University. The Director of Internal Audit reports administratively to the General Counsel and Vice Chancellor of Legal, Audit, Risk and Compliance (General Counsel and Vice Chancellor) on a daily operational basis and functionally to the Board of Trustees LARC Committee.

This position is eligible for flexible work arrangements, including remote/hybrid work. Fayetteville State University employees are generally required to reside in North Carolina within a reasonable commuting distance of their assigned duty station.

Monitoring and Auditing Operations:

• Monitor the University's internal controls that safeguard public funds and assets and minimizes incidences of fraud, waste, and abuse; evaluate programs and business operations to ensure they are administered in compliance with federal and state laws, regulations, and other requirements; review the effectiveness and efficiency of University operations and periodically audit the University's major systems and controls to include accounting systems and controls, information technology and security controls, and administrative systems and controls. Also supervise or conduct investigations within the University to rule out any suspected fraudulent activities. Conduct follow-up audit, as needed, to evaluate whether recommendations and risks have been sufficiently addressed.

Reporting and Coordinating:

• Provide formal written audit reports that communicate the objective, scope, observations, issues, risks, and conclusions of internal audit activities and investigations to the General Counsel and Vice Chancellor, the Chancellor and the Legal, Audit, Risk and Compliance Committee (LARC Committee) of the Board of Trustees, as well as provide emerging trends and practices within the field of internal auditing. Develop meaningful recommendations for process improvements to improve the adequacy, effectiveness, and efficiency of controls and operation

Developing and Implementing Audit Plan:

• Develop a risk-based audit plan utilizing a risk-based methodology and be responsible for implementing the approved audit plan, including as appropriate, any special tasks or projects requested by the General Counsel and Vice Chancellor, the Chancellor, the Board of Trustees, or the State Auditor.

Other Duties:

• Coordinate all external audits of the University and analyze the scope of work of external auditors and regulators, as appropriate, to provide optimal audit coverage to the University. Conduct and/or assist investigations of suspected fraudulent activities. Establish internal audit policies and procedures to guide the internal audit program activities (in compliance with the Audit Manual, IIA Standards, and other laws, rules, and regulations)Maintain a professional audit staff with sufficient knowledge, skills, experience, competencies, and professional certifications to meet the requirements of the Charter. Periodically report to the LARC Committee and the Chancellor on the internal audit activities and performance relative to the audit plan. Assist with creating and delivering accurate and informative training presentations to campus audiences as required. Respond promptly and accurately to requests for assistance from campus clients. Monitor the University's "help line" and provide the General Counsel and Vice Chancellor with a monthly report of issues reported and the status of follow-up actions.

Minimum Education And Experience Requirements:

• Bachelor's degree in accounting or related discipline from an accredited institution.
• 5 years of progressive responsibility in Internal Audit or a related professional field.

Knowledge, Skills And Abilities:

• Knowledge of auditing principles and practices, institutional organization, and management.
• Strong written and oral communication skills that enable the position to give effective reports to internal and external constituencies.
• Strong interpersonal skills and character traits, including integrity and transparency, that inspire trust and credibility among stakeholders.

Preferred Qualifications:

• Experience in higher education.
• Certification or licensure as a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), or Certified Information Systems Auditor (CISA).