DIRECTOR OF INTERNAL AUDIT AND RISK MANAGEMEN

DIRECTOR OF INTERNAL AUDIT AND RISK MANAGEMENT

The Audit and Risk Management Director is responsible managing internal and external audits and identifying and mitigating risks. This role involves ensuring that all business processes are compliant with relevant laws and standards, auditing internal operations for efficiency and compliance, and proactively assessing and managing risks across the organization.

POSITION REQUIREMENTS

• Bachelor's degree in Business Administration, Finance, Accounting, Law, or a related field (Master's degree or professional certification such as CPA, CIA, or CISA preferred), licensed juris doctor preferred.
• Proven experience (5 years) in audit and risk management roles.
• Strong understanding of regulatory frameworks, industry standards, and best practices.
• Experience in conducting audits and risk assessments.
• Excellent attention to detail and analytical skills.
• Strong communication skills, both written and verbal.
• Ability to work independently and as part of a team.
• Knowledge of relevant software tools (e.g., audit management software, risk management software, etc.).

Skills:

• Analytical thinking and problem-solving.
• Strong organizational and time management abilities.
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
• Knowledge of risk assessment methodologies.
• Familiarity with compliance reporting and audit documentation.
• Work Environment:
• Full-time position.
• Office-based.
• Occasional travel may be required for audits or training purposes.

Additional Information:

• This position may require handling sensitive information and maintaining confidentiality at all times.
• The role involves interacting with senior management and external auditors, requiring strong interpersonal and negotiation skills.

MAIN RESPONSABILITIES

• Perform varied administrative duties involving the use of independent judgment and professional skills to assist the Audit Committee, executive management, and other units and offices in identifying, avoiding, and mitigating risks.
• Represent the office on assigned management committees.
• Conduct special projects as assigned by the Audit Committee and the University President.
• Key Responsibilities:
• Audit Responsibilities:
• Plan, execute, and manage internal audits across various departments to evaluate the effectiveness of internal controls, policies, and procedures.
• Analyze financial and operational data to identify areas of improvement.
• Prepare detailed audit reports, highlighting findings, risks, and recommendations for corrective actions.
• Follow up on audit findings to ensure that corrective actions are implemented effectively.
• Assist in the preparation for external audits, providing relevant documentation and ensuring compliance with audit requirements.
• Coordinates the scheduling and utilization of internal and external auditors.
• Oversees follow-up process to evaluate management's implementation of action plans.
• Monitors overall status of open issues and holds accountable assigned staff to ensure timely validation. Investigates confidential grievances in a timely and effective manner.
• Conduct internal investigations that arise through the ethics and integrity hotline.
• Perform the evaluation of conflict of interests.
• Risk Management:
• Develop a risk assessment plan in consideration of University priorities, staffing, and budget that includes the systematic approach of estimating the probability and impact of the risk.
• Perform periodic risk assessments to determine threats, vulnerabilities, impacts.
• Develop risk response plans with the stakeholders to assess risks and the appropriate remediation to mitigate identified risks.
• Monitor industry trends and regulatory changes to proactively address emerging risks.
• Maintain a risk register and ensure it is up to date with new and evolving risks.
• Advise management about the appropriate actions and priorities for managing risks and for implementing controls to protect against these risks.
• Identify, analyze, and prioritize risks that could impact the University and determine how to best handle such exposure using the best practice approach and focusing on understanding the key risks and managing them within acceptable levels.
• Reporting and Documentation:
• Prepare and present regular reports on compliance, audit, and risk management activities to senior management and relevant stakeholders.
• Document and maintain accurate records of audit findings, compliance checks, and risk management strategies.
• Ensure that audit and compliance-related documentation is maintained in accordance with company policies and legal requirements.
• Collaboration and Advisory:
• Work closely with senior leadership to develop risk management policies and strategies.
• Provide expert advice and guidance on risk-related matters, compliance, and audit processes.
• Collaborate with internal teams to resolve compliance issues, improve audit processes, and enhance risk mitigation efforts.

Interested applicants should apply on or before March 1, 2025. For more information about Universidad del Sagrado Corazn, please visit www.sagrado.edu.

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