Columbia College Chicago, an acclaimed higher education institution set in the heart of Chicago, with over 6,800 undergraduate and graduate students, offering a distinctive curriculum that blends liberal arts, creative and media arts and business is currently searching for an experienced Chief Audit Officer (Assistant Vice President).
Administratively reporting to the Sr. Vice President of Business Affairs/Chief Financial Officer and to the Audit Committee of the Board of Trustees, the Associate Vice President/Chief Audit Officer is responsible for planning, developing and directing the institutional internal audit function which serves as an independent assurance and advisory activity of the institution’s risk, governance and control process.
This position designs, develops and implements internal auditing plans, policies and procedures within the institution to ensure compliance with identified strategic goals and objectives, operating standards and applicable laws in accordance with internal auditing policies and standards. In this capacity, the Associate Vice President/Chief Audit Officer performs audits of control protocols around financial transactions and processes. In addition, this position provides internal consulting activities to assists management and governance with improving business process efficiency and effectives and in assessing and managing enterprise wide risks.
Duties & Responsibilities
- In consultation with senior management and the Audit Committee, defines and articulates the mission, charter, scope of authority and priorities for the internal audit function.
- Ensures the focus of the internal audit function clearly aligns with the expectations of senior management and the Audit Committee.
- Assesses risks and develops a risks based annual and long-term audit plan approved by the Audit Committee.
- Meets with senior management and the Audit Committee to discuss the structure of internal controls, observations, identified business risks and practical recommendations to mitigate and manage institutional risks.
- Performs audits, advisory service projects and investigations in accordance with the Standards for Professional Practice of Internal Auditing and the code of ethics of the Institute of Internal Auditors (IIA); as well as the Information System Audit and Control Associations (ISACA) IT Audit and Assurance Standards.
- Develops and communicates verbal and written findings and recommendations to the Audit Committee, senior management and other appropriate stakeholders.
- Develops and maintains a strong understanding of Columbia’s operational procedures, its business model and the overall higher education business environment.
- Assess and monitors administrative, strategic, technology, compliance and privacy risks related to institutional processes and systems in support of enhancing operational efficiency and effectiveness.
- Collaborates with the Office of General Counsel and Human Resources to develop and monitor risk based audit programs as regulatory requirements change.
- Coordinates and provides support to the various external agencies conducting audits on campus.
- Collaborates with the Office of General Counsel, Human Resources and Student Affairs to help employees and students to maintain the highest ethical standards and abide by all legal requirements, policies, and procedures.
- Perform other duties as assigned.