Chief Audit Executive/Director of Internal Audit
Virginia State University seeks an accomplished internal audit professional to serve as Chief Audit Executive (CAE). The CAE will lead, manage, and organize all aspects of VSU’s internal audit function. This position reports administratively to the President of the University and functionally to the Chair of the Facilities, Finance, and Audit Committee (FF&A) of the Board of Visitors. The CAE will lead an internal audit function that is charged with reviewing strategic, financial, operational, information technology, and management risks, and will advise regularly both the senior administrative leaders of the University and the Audit Committee of the Board on high-risk findings and potential opportunities to improve business processes. While maintaining independence and objectivity, the CAE will continue to evolve internal audit’s constructive, consultative approach to solving problems and strengthening management at the University. S/he will construct a risk-based model of internal audit and will coordinate the work of internal audit with the work plans of the University’s Enterprise Risk Management (ERM) program, Commonwealth of Virginia’s compliance programs, and external auditors.
Duties and Responsibilities
Plans, documents, and communicates the Annual Internal Audit Plan. Conducts risk assessments and develops risk management plans. Provides consultation to the Board, President, and executive management on the University’s financial accounting and reporting processes, assess the effectiveness of the systems of internal control and risk management, governance, internal and external audit processes, and the University’s process for monitoring compliance with laws, and regulations and Code of Ethics. Conducts audits in accordance with Government Audit Standards. Ensures that the audit strategy, resources of the internal audit department are aligned and are consistent with the University’s objectives and Board policy. Establishes appropriate policies and procedures to guide the internal audit function, and ensures the quality of the audit/assurance services provided. Performs or manages the production of risk analysis. Ensures that risk assessments are done at least annually; establishes risk-based audit plans to set out the priorities of the internal audit function and that the plan is consistent with the objectives of the University.
Coordinates internal auditing activities and plans with other internal and external providers of assurance and consulting activities to ensure proper coverage and minimize duplication of effort. Communicates plan of engagements and resource requirements for the internal audit function, including significant changes to the FF&A committee. Ensures that internal audit resources are appropriate, sufficient and effectively deployed to achieve the internal audit plan approved by the FF&A committee or the Board.
Ensures that internal auditors have appropriate professional qualifications and skills, and opportunities for sufficient training and development to maintain and develop their internal auditing competence and to obtain appropriate internal audit certifications. Ensures the timely completion of internal auditing engagements. Ensures that reports on internal auditing engagements are provided to the audit committee with a minimum of delay. Provides an annual holistic opinion on the effectiveness and adequacy of risk management, control, and governance processes.
Success in this challenging and important position requires a collegial style that will develop trust and enable collaboration across the University. The CAE will be independent without being inflexible and will be a proven leader with a focus on results balanced with an appreciation for the collaborative culture of a university. The CAE will have demonstrated experience strengthening a risk-based internal audit function and transforming it into a strategic, client-focused, and outcomes-driven function. S/he will bring excellent problem solving, consensus building, and written and oral communications skills; will have held leadership roles in audit, financial management, and/or consulting in complex and demanding settings; and will have worked at and reported to executive and governance levels. Additional qualifications include a minimum of 10 years of progressively responsible audit experience, including in developing and executing internal audit plans (experience may be a combination of external and internal audit); an active Certified Public Accountant, Certified Internal Auditor or Certified Information System Auditor certification; and working knowledge of the Institute of Internal Auditors’ International Standards for the Professional Practice of Internal Auditing. Considerable experience in conducting audits in accordance with Government Audit Standards. Progressive experience in planning and executing a wide variety of internal audits. An in-depth knowledge of the audit process including knowledge of Generally Accepted Accounting Principles and the Institute of Internal Auditor's International Professional Practices Framework. A Master’s degree in Accounting, Business Administration, or Management or the equivalent combination of experience, education, and training at a level that equates to the advanced degree.
Experience working in a higher education environment.
How to Apply
Virginia State University only accepts state applications through the online state Recruitment Management System (RMS). Faxed, e-mailed, and mailed applications and/or attachments will not be accepted. Resumes are not a substitute for the state application. Interested persons must provide a letter of interest, resume/vita, the names, addresses, telephone numbers and email addresses of three (3) professional references and transcripts. Official college transcripts and CPA/CIA/CISA certification will be required for continued to employment (copies are permitted as a part of the application process). Visit https://virginiajobs.peopleadmin.com to complete an online state application.
The selected candidate will be subject to an extensive and complete background check, which may include fingerprinting. The candidate may be required to complete a Statement of Economic Interest as a condition of employment, if applicable.
VIRGINIA STATE UNIVERSITY IS AN EQUAL OPPORTUNITY EMPLOYER. WOMEN, MINORITIES, PERSONS WITH DISABILITIES, AND VETERANS ARE ENCOURAGED TO APPLY.