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.
Bachelor’s Degree in Accounting, Finance, Business, Public Administration, or related field required supplemented by a minimum of 7 years of progressively responsible experience within a dynamic institution conducting operational, financial, compliance, strategic, information, technology and privacy.
Designation such as Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), or Certified Information Systems Auditor (CISA) required. Experience working in Higher Education preferred. Proficiency in computer-assisted audit technologies and approaches preferred.
Strong knowledge of generally accepted accounting and audit principles. Developed analytical financial analysis and research skills.
Knowledge of local, state and federal laws and regulations applicable to higher education and non-profit organizations.
Strong interpersonal skills and ability to work well in a team environment; strong communication skills including ability to write with simplicity and clarity.
Must be able to work well within a culturally diverse environment with the ability to handle all situations with tact and diplomacy.
Must be self-directed, innovative, and able to assess financial and operational data applying quantitative and qualitative analytical audit techniques.
Ability to work independently and effectively with the staff and management of the departments or areas under audit.
Proven ability with MS Office, Excel, Word, and PowerPoint. Experience with computer based accounting and financial applications.
Experience assessing risks, developing audit plans, and managing and executing audits utilizing a risk based audit approach and methodology.
Knowledge of higher education policies, procedures, regulations and financial systems.
To ensure consideration, please include a cover letter, salary requirements, and three professional references in your submission. Position subject to a background screening. This is a non-union position. Qualified candidates of diverse backgrounds are encouraged to apply. Columbia College Chicago is an EEO Employer
At Columbia, we offer a rewarding work environment for our faculty and staff. We take pride in offering competitive benefits with affordable health, dental and vision coverage; flexible spending accounts; commuter benefit program, life and accidental, death & dismemberment coverage; paid and unpaid leave options; work/life benefits; educational assistance programs; and retirement and financial pla...nning benefits.
We invite you to join our talented faculty and staff and become part of our collective aspiration to ensure Columbia prepares students for success in their creative fields through innovation, engagement and real-world experiences.