Reporting directly to President Vistasp M. Karbhari, (https://www.uta.edu/president/), the Chief Audit Executive (CAE) will ensure that an effective internal audit function is in place for The University of Texas at Arlington with a focus on adding value with risk management processes to improve the University’s operations, risk management, control and governance. The Institutional CAE will provide stakeholders with risk-based, objective and reliable assurance, advice and insight. The individual will be expected to participate with the management team of the institution as a trusted advisor of the President. He or she will also assist the UT System Chief Audit Executive and Institutional President in providing a comprehensive view of risk management practices and serve as facilitator of risk management practices within the institution. The CAE will also assist in system wide initiatives to pilot and improve practices throughout the University system.
Essential Job Functions:
•Provide independent assurance and consulting services by: oDeveloping with input from the Institution President and the Institutional Audit Committee an annual audit plan based upon an accepted risk assessment methodology and approved by the Institutional Audit Committee, and by the Audit, Compliance and Management Review Committee of the Board of Regents; oManaging the timely accomplishment of the audit plan and monitoring progress based upon the Institute of Internal Auditors International Professional Practices Framework; oProviding verbal and/or written communications of audit findings and recommending improvements based upon results; oPerforming follow-up of corrective action taken by management for recommendations; oCoordinating external audits and reviews; oServe and supervise staff on significant work groups on campus.
•Serve as an active member of the executive leadership team of the institution.
•Provide consulting services to facilitate improved risk management practices at the institution by oServing on committees and providing guidance on significant change activities of the institution that impact risk; oProviding insight on significant risks that may impact the situation; oAssisting management in developing processes in responding to significant risks.
•Facilitate the appropriate approach to an Enterprise Risk Management (ERM) model and strategy with management.
•Conduct investigations of suspected fraud or similar activities.
•Prepare status of activities and present to the UT System Audit Office, Institution President, the Internal Audit Committee, and institutional management as needed by: oPreparing Institutional Audit Committee meeting materials in coordination with the Audit Committee Chair oMaintaining a close working relationship with the Institutional Audit Committee Chair and other extremal audit committee members; oPreparing the required UT System and State reports; and oReporting on the status of outstanding recommendations.
•Maintain a position as a trusted advisor and provide value added services to the institution by: oServing on the President’s cabinet on institution management; oMeeting with the President and senior management to nurture and effective working relationship with institutional management as appropriate to maintain a flow of communication; oProviding or assisting with training and awareness activities fostering a control conscious environment on campus; and oAdvising management of emerging risks and new compliance requirements.
•Ensure resources are adequate and sustained to address campus risks by: oHiring competent staff and encouraging staff to attain professional certifications, and oEngaging and managing internal audit co-sourcing (as needed); oProviding development and training opportunities to staff.
•Coordinate with other internal and external providers of assurance and audit services to ensure appropriate coverage and minimize duplication of effort.
•Participate in outreach and external involvement to further promote the audit function and the profession by: oParticipating in campus and UT System Committee meetings as needed; oParticipating in appropriate professional organizations such as the Institute of Internal Auditors, Association of Certified fraud Examiners, etc., and oConducting professional speaking engagements or writing internal auditing articles, as appropriate.
•Establish and maintain an active and continuous quality control and improvement program, which includes, but is not limited to: oEnsuring that external quality assurance review is conducted at least once every three years as required by the Texas Internal Auditing Act, and oConducting on-going quality control and improvement activities to ensure the highest quality audit program.
•Provide administrative oversight for office operations that: oEstablishing appropriate policies and procedures for office and auditing activities; oEnsuring office budgets and accounts are appropriately maintained, and oConducting annual employee performance evaluations.
•Direct and provide assistance on projects that have system wide implications.
Core Competencies / Leadership Qualifications:
•Bachelor’s degree in accounting, finance, management or information systems or related fields. •A minimum of seven (7) years of professional audit leadership experience (Director or higher) with diverse experience in a public or private college or university, a state or federal agency, an accounting/auditing firm, or within private industry. •Managed audit teams of three or more. •Experience in managing co-source Internal Auditor arrangements. Experience in facilitating Enterprise Risk Management either in a full time role or part of the role as an internal auditor. •Experience working with modern, sophisticated, computer-based accounting and financial reporting systems in a large organization. •Experience in serving as a member of the management leadership team. •Demonstrated experience in developing and maintaining excellent relationships with audit clients. •Certifications: Certified Internal Auditor or Certified Public Accountant.
•Master’s degree in business administration (MBA), accounting, management, information systems, or education administration.
•Active participation in professional organizations in a leadership role, and/or speaking, or writing articles or active committee participation. Experience in developing and managing enterprise risk management within an organization. Experience in building, training, and developing strong audit teams.
Founded in 1851, Northwestern University uniquely combines the assets of many different types of academic institutions – the power of a major research university, the creative energy of arts and music conservatories, the intimacy of a liberal arts college, the rich diversity of an international institution, exceptional professional schools, and the excitement of a Big Ten athletic program. Northw...estern is now global in its scope, with schools and colleges located on campuses in Illinois (in Evanston and in Chicago) and in Doha, Qatar. Northwestern is a multifaceted AAU research university that has a distinguished and distinctive interdisciplinary tradition. Northwestern has approximately 3,350 full-time faculty and 8,900 full-time staff. The student enrollment is roughly 21,000. It operates with an annual budget of over $2.2 billion, manages an endowment of $10.4 billion (as of August 2016), and annually conducts roughly $600 million of research funded by government, industry, and foundation sponsors. It has sustained a balanced budget for more than two decades and an enjoys an AAA rating from Standard & Poor’s.