Director of Internal Audit - University Compliance & Internal Audit
Washington University in St. Louis
Location: St. Louis, Missouri
Internal Number: JR76313
Internal Audit is an integral component of the university's internal control environment. The purpose of the Internal Audit Department is to assist university administration and management in the effective performance of their duties by providing objective analyses, recommendations, and pertinent comments on activities reviewed.
Activities audited include internal control adequacy; Sarbanes-Oxley key controls, safeguarding of assets; financial activities and results; operational processes and controls; federal and other regulatory compliance; university policy compliance; information technology (IT) integrity and controls; cyber security risks and controls, IT system pre-implementations and designed controls; system post-implementations; construction contracts and payments; special investigations and fraud occurrences, if any.
The Director of Internal Audit is responsible for ensuring that the internal audits properly and sufficiently assess risks and controls adequacy across Washington University in St. Louis, with its seven schools and central fiscal unit; as a Tier 1 research university and academic medical school with physician practices and clinics. The Director reports results of Internal Audit activities at least four times a year to the Chancellor and to the universityâ™s Audit, Risk and Compliance Committee of the Board, and as needed to its Cybersecurity Subcommittee.
The role of the Director of Internal Audit includes planning, organizing, directing, approving, and prioritizing departmental and staff activities, establishing the scope of all audits performed by the department, reviewing the results, verbally presenting results and issuing audit reports to upper management which cite weaknesses or opportunities for improvement, and making corresponding audit recommendations to elicit corrective actions.
Primary Duties & Responsibilities
Leads the internal audit function, including all audit-related and administrative responsibilities. Trains, directs, supervises and develops qualifications and competencies of audit team of seven professionals. Develops and maintains goals, objectives and standards of performance and evaluations.
Establishes/approves the scopes and objectives of financial, operational, IT, IT security, system implementations, construction, compliance, control (including the Sarbanes-Oxley Act) and investigative audits. Ensures audit scopes add value to the university by providing solutions to identified problems, taking into account the risks of the environment, working closely and cooperatively with the departments, and providing workable recommendations to enhance the schoolâ™s or departmentâ™s operations.Â
Develops or edits and approves audit reports and other audit deliverables, including management action plans.Â Works with management to resolve open issues. Involves and communicates with executive administrators and management as appropriate.
Develops periodic risk assessments, audit plans and time budgets that provide the direction of the department's activities, including the co-sourced IT and construction audits. Identifies priorities through communications with executive administration and senior management, as well as through coordination and interaction with the university's enterprise risk management program. Submits plans for approval to the Executive Director of Compliance and Audit, then to the Chancellor and Audit, Risk and Compliance Committee of the Board of Trustees each year.Â
Presents audit results and report of internal audit activities to the Audit Risk and Compliance Committee of the Board of Trustees at least twice per year, as well as the status of completion of the current year's audit plan at each of their four meetings per year.
Participates in the universityâ™s ongoing enterprise risk management program (ERM) by serving on the ERM Working Committee and participating in risk assessment analyses for the Executive Enterprise Risk Council.
Participates in developing Audit, Risk and Compliance Committee and Subcommittee meeting agendas and materials. Present topics as appropriate at pre-meetings, Subcommittee meetings, and at Audit, Risk and Compliance Committee meetings.
Responsible for requests for proposals, vendor selection, management of audit plans, and relationships with co-sourced information technology and construction audit firms, and the effective performance and monitoring of those audit firms. Reviews and approves the firmsâ™ scope of work in advance of audits, as well as audit report drafts, which are all issued by the Director.
Performs mid-year follow-up on any findings and recommendations by the universityâ™s external auditors in their comments to management, and help drive resolution of the findings and implementation of the recommendations. Reports on the implementation status of such to the Audit, Risk and Compliance Committee prior to that fiscal year end.
Establishes collaborative, consultative and responsive relationships with executive administration and senior management, including the central and school IT functions, the External IT Security Advisory Committee, the MyDay Executive Committee, etc. to help ensure Internal Audit is considered a helpful partner and service-oriented resource to the university.
Keeps abreast of current developments in higher education, professional internal auditing, and accounting standards to maintain competence and proficiency in the internal audit function.
Performs other duties as assigned.
Bachelorâ™s degree, with major in accounting or business-related field.
Excellent verbal and written communication skills.
Excellent consensus-building, relationship building, and negotiating skills.
Proven ability to use critical thinking and a very high degree of discretion, interpretation and judgment in problem solving and making audit decisions and recommendations.
Accounting, internal controls, risk assessment, and analytical acumen.
Demonstrated coaching, staff development, and people management skills.
Proven ability to work harmoniously with others and maintain a service approach and environment.
Administratively very organized and deadline-oriented.
Self-directed and proactive approach to job duties and responsibilities.
Proven ability to use a very high degree of discretion, interpretation and judgement in making audit decisions and recommendations.
Proven ability to apply in-depth knowledge of accounting and internal controls in audit analyses performed and recommendations formulated.
Excellent writing and verbal communication skills required.
Proven ability to work harmoniously with others and maintain a service approach and environment.
Proactive approach to job duties and responsibilities, with a "take-charge" attitude.
Minimum of ten years professional auditing experience.
Minimum of five years supervisory experience.
Required Licensure/Certifications/Registration: Certified Public Accountant (CPA) designation.
$108,200.00 - $190,400.00 / AnnuallyThe salary range reflects base salaries paid for positions in a given job grade across the University. Individual rates within the range will be determined by factors including one's qualifications and performance, equity with others in the department, market rates for positions within the same grade and department budget.
If you are unable to use our online application system and would like an accommodation, please emailÂ CandidateQuestions@wustl.eduÂ or call the dedicated accommodation inquiry number at 314-935-1149 and leave a voicemail with the nature of your request.
All external candidates receiving an offer for employment will be required to submit to pre-employment screening for this position. The screenings will include criminal background check and, as applicable for the position, other background checks, drug screen, an employment and education or licensure/certification verification, physical examination, certain vaccinations and/or governmental registry checks. All offers are contingent upon successful completion of required screening.
Up to 22 days of vacation, 10 recognized holidays, and sick time.
Competitive health insurance packages with priority appointments and lower copays/coinsurance.
Want to Live Near Your Work and/or improve your commute? Take advantage of our free Metro transit U-Pass for eligible employees. We also offer a forgivable home loan of up to $12,500 for closing costs and a down payment for homes in eligible neighborhoods.
WashU provides eligible employees with a defined contribution (403(b)) Retirement Savings Plan, which combines employee contributions and university contributions starting at 7%.
Wellness challenges, annual health screenings, mental health resources, mindfulness programs and courses, employee assistance program (EAP), financial resources, access to dietitians, and more!
We offer 4 weeks of caregiver leave to bond with your new child. Family care resources are also available for your continued childcare needs. Need adult care? Weâ™ve got you covered.
WashU covers the cost of tuition for you and your family, including dependent undergraduate-level college tuition up to 100% at WashU and 40% elsewhere after seven years with us.
Washington University in St. Louis is committed to the principles and practices of equal employment opportunity and especially encourages applications by those from underrepresented groups. It is the Universityâ™s policy to provide equal opportunity and access to persons in all job titles without regard to race, ethnicity, color, national origin, age, religion, sex, sexual orientation, gender identity or expression, disability, protected veteran status, or genetic information.
Washington University is dedicated to building a diverse community of individuals who are committed to contributing to an inclusive environment â“ fostering respect for all and welcoming individuals from diverse backgrounds, experiences and perspectives. Individuals with a commitment to these values are encouraged to apply.
Washington University in St. Louis, a medium-sized, independent university, is dedicated to challenging its faculty and students alike to seek new knowledge and greater understanding of an ever-changing, multicultural world. The University offers more than 90 programs and almost 1,500 courses leading to bachelor's, master's and doctoral degrees in a broad spectrum of traditional and interdisciplinary fields, with additional opportunities for minor concentrations and individualized programs. The faculty is composed of scholars, scientists, artists and members of the learned professions. They serve society by teaching; by adding to the store of human art, creativity, understanding, and wisdom; and by providing direct services, such as health care.