Director, Internal Audit

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Job Type : Employee

Employee

Duration in Months (for fixed-term jobs) :

N / A

Job Family : Risk Management

Risk Management

of Open Positions :

Faculty / Service - Department :

Office of the Chief Risk Officer

Campus : Main Campus

Main Campus

Union Affiliation : N / A

N / A

Date Posted : May 06, 2024

May 06, 2024

Closing Date : May 27, 2024

May 27, 2024

Note : Applications will be accepted until 11 : 59 PM on the day prior to the Posting End Date above

Hours per week : Salary Grade :

Salary Grade : Non-Union Grade NM4

Non-Union Grade NM4

Salary Range :

$133,650.00 - $165,872.00About the Office of the Chief Risk Officer (OCRO)

The Office of the Chief Risk Officer (OCRO) oversees Operational and Enterprise Risk Management, Insurance, Internal Audit, Protection Services and Emergency Management, as well as Health, Safety and Environmental Management.

We strive to be a valued partner and advisor to University management, faculties, and staff. We lead in providing early awareness of major risks and opportunities, while supporting our institution’s teaching and research mission.

Vision

Our vision for the Office of the Chief Risk Officer is to be a leading resource and trusted partner for enterprise and operational risk management, contributing to the overall success and sustainability of the University.

Our Mission

The OCRO aims to enhance organizational resilience and foster a risk-intelligent culture that empowers stakeholders to make informed decisions in support of uOttawa’s long-term success.

Our purpose is to establish a dynamic methodology that systematically identifies, assesses, mitigates, and monitors risks that may impact the University’s ability to achieve its mission and strategic goals.

Position Purpose

Reporting to the Chief Risk Officer, the incumbent is responsible for directing all activities related to internal audit that align with the University’s strategies and risk tolerance policies and practices.

The incumbent provides an independent, objective perspective that adds value and improves the University’s management control framework relating to financial, operational and risk management considerations.

The Director brings a systematic, disciplined and transparent approach to establishing and implementing cost-effective controls and assessing risks, and recommending risk mitigation measures that align with corporate strategies and risk tolerance while ensuring that the university advocates a position of fiscal responsibility.

The Director also assists the University’s senior leadership team in reviewing and assessing the status of strategic priorities that form part of Transformation 2030.

In this role, your responsibilities will include

Internal Audit Program : Assesses internal controls, identifies weaknesses and makes improvement recommendations. Develops, implements and monitors an internal audit program using a blend of internal resources while drawing on outside expertise as deemed appropriate.

Works with senior management to apply best practices in change management to expand recognition of the value-added of a robust internal audit program.

In collaboration with senior leadership, identifies and assesses key business risks and establishes risk management policies based on the university’s risk tolerance and on current industry trends and best practices.

Designs, develops and maintains internal control documents for the university, which, in consultation with senior leadership of the University, inform the development of an annual and multi-year audit plan, utilizing a risk-based approach.

Audit Operations Oversight : Monitors financial activity to assess the adequacy, effectiveness and efficiency of global financial operations, including established internal controls and procedures, while considering the differences in compliance requirements from various sources of funding.

Performs audit activity including documenting processes, reviewing and analyzing forensic activity, and identifying and defining emerging issues.

Reporting : Responsible for annual internal audit reporting activity; analyzes findings and trends and formulates high-level recommendations to address potential impacts.

Collaborates directly with external auditors in the preparation of all yearly reporting. Manages financial records pertaining to internal audit in compliance with all legislation related to record keeping.

Investigation : Conducts ad hoc investigations into identified and / or reputed risks. Leads internal investigations of known or suspected violations of policies, procedures, errors, acts of fraudulent nature, misuse of university resources, or conflict of interest.

Employing best practices in forensic accounting, draws conclusions and formulates recommendations for redress, while remaining impartial at all times.

Continuous Improvement : Leads efforts for ongoing optimization of all activity related to internal audit across the organization, and supports a framework for ongoing quality control and quality assurance through recommendations on training, communication and improvements to tools and to processes.

What you will bring :

Minimum of a Bachelor’s degree in accounting, management, finance or a related field. A Master’s degree is preferred.

A professional accounting designation is required

A minimum of 10 years of progressive experience in control, audit, risk or in a field related to the functions of the position, preferably in a large organization with diverse sources of funding

A minimum of 5 years of experience in a management role

Experience simplifying, interpreting and explaining complex information for a diverse audience

Experience delivering presentations in both official languages

Strong attention to detail and excellent analytical skills

Proven ability to build strong collaborative relationships, identify sensitive issues and influence without authority to drive acceptance of recommendations

High ethical standards and business acumen

Bilingualism French and English (spoken and written)

Prior to May 1, 2022, the University required all students, faculty, staff, and visitors (including contractors) to be fully vaccinated against Covid-19 as defined in Policy 129 Covid-19 Vaccination.

This policy was suspended effective May 1, 2022 but may be reinstated at any point in the future depending on public health guidelines and the recommendations of experts.