Vancouver - Point Grey Campus
Director, Internal Audit
Director, Internal Assurance
Office of the President
Chief Audit & Risk Office
$138,029.00 (minimum) - $172,539.00 (midpoint) - $215,671.00 (maximum)
Desired Start Date:
"Midpoint" of the hiring salary range means the individual possesses full job knowledge, qualifications and experience.
UBC has appointed a Chief Assurance & Risk Officer with the mandate to create a strategic unit that is sought after for advice and counsel by organizational leaders across both campuses. The Chief Assurance and Risk Officer oversees the previously separate functions of Internal Audit and Enterprise Risk Management.
The mandate of the Internal Assurance function is to provide independent, objective assurance and consulting activities designed to add value and improve an organization's operations. It helps the University accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
The Director, Internal Assurance works closely with the Chief Assurance and Risk Officer and the Director, Enterprise Risk Management to build a best-in-class integrated enterprise risk and internal assurance function. This role will contribute to setting the strategic direction of the integrated unit and will oversee the delivery of the internal assurance strategy.
This position reports to the Chief Assurance and Risk Officer. The Director, Internal Assurance will lead a team of internal audit professionals including the Associate Director, Internal Assurance , Senior Audit Managers, Senior Auditors, Senior IT Auditors, and the Audit Administrator. This role will work closely with the Director, Enterprise Risk Management to ensure maximum value is obtained from aligning and integrating the enterprise risk and internal audit teams while maintaining the appropriate level of independence. The Director, Internal Assurance will also collaborate with other risk, compliance, and assurance functions across the University.
- In collaboration with the Director, Enterprise Risk Management and organizational leaders, develops audit priorities in the annual risk-based audit plan that is flexible and responsive to evolving needs and institutional risks of the University.
- Oversees assurance activities for the University's top risks, to ensure that identified key controls are designed and operating effectively, and mitigation plans are timely and appropriate.
- Oversees the priorities and scheduling of the Internal Assurance portfolio, including requests for consulting services by organizational leaders, and investigations. Internal Assurance services may include ensuring: significant financial, managerial, and operating information is accurate, reliable, timely and secure; activities are in compliance with policies, standards, procedures, and applicable laws and regulations; and resources are acquired economically, used efficiently, and adequately protected.
- Approves individual plans for consulting, assurance, and investigation engagements.
- Develops and leads a collaborative, effective and capable team in a distributed environment with expertise on leading practices and subject matter knowledge that accommodate UBC's key risks (which include academic, financial, reputational, operational, natural hazards, and strategic risks).
- Ensures all internal assurance services are best-in-class and are delivered in a timely manner through the appropriate balance of levels of staff, internal expertise and external providers.
- Ensures the team of professional audit staff have sufficient knowledge, skills, experience, and professional certifications to meet the internal assurance component of the integrated enterprise risk and internal assurance strategy.
- Remains current with the evolving discipline of internal audit, particularly in relation to emerging risks, the integration of risk with organizational strategy, agile auditing, and technology trends.
- Creates and implements a continuous improvement and quality assurance framework for the Internal
Assurance function; implements a robust set of processes and metrics to provide ongoing assurance that the internal audit team, program, and capabilities continue to add significant value to the University and its stakeholders (including the Audit Committee, Executive Team, Deans, and administrative unit leaders).
- Continues to enhance the cadence, timeliness, and transparency of the internal assurance and reporting process while ensuring independence and objectivity.
- Works with the Director, Enterprise Risk Management to oversee the creation and implementation of a robust enterprise risk training strategy to enhance the level of risk awareness (including fraud prevention) across the University and build a risk-informed continuous improvement culture.
- Responsible for overseeing the financial budget for the Internal Assurance function.
- Engages as a strategic partner with academic and administrative leadership and provides proactive and value-add consulting and assurance services in a collaborative manner.
- Represents internal assurance on strategic-level campus-wide committees.
- Provides proactive and expert strategic-level risk advisory and assurance services around significant transformation and change initiatives and programs.
- Balances a collaborative, advisory-style focused on proactively assisting in the assessment and design of mitigations of key institutional risks, with the responsibility for independence and objectivity.
- Responsible for the timely delivery of internal assurance materials and reports for Executive Team and Audit Committee meetings.
- Attends Audit Committee and Executive Team meetings with the Chief Assurance and Risk Officer and/or Director, Enterprise Risk Management, as necessary.
- Leads a team of internal assurance professionals and other department staff as required.
- Facilitates that the University's internal assurance program is guided by the International Standards for the Professional Practice of Internal Audit.
- Develops and maintains a Financial Investigations Policy , serves as the primary contact for faculty, staff, and students with financial concerns, and ensures potential financial impropriety is appropriately investigated.
- Ensures collaboration with other University units for employment, civil, criminal, and insurance proceedings related to investigations.
- Performs other related duties as required.
Reports to the Chief Assurance and Risk Officer.
Leads a team of internal assurance professionals including Senior Managers and Senior Consultants, and may manage other department staff as required.
Consequence of Error/Judgement
This position has the opportunity to have a strong influence on the implementation of the UBC Strategic Plan and the core operations of the University. Excellent judgment must be exercised. Lack of good judgment, errors or incorrect work could result in the failure to detect or prevent University risks. Consequences could include:
- Inadequate or inappropriate risk management
- Mismanagement or misappropriation of University resources
- Non-compliance with University policies or statutory obligations
- Inaccuracies in University reports
- Inaccurate information to senior management or the Board resulting in errors in management decisions.
Failure to exercise judgment in dealing with sensitive and confidential matters could adversely influence the outcome of investigations, and negatively impact the reputation of \the University. In addition, errors in judgement may have legal and labor relations implications.
University degree in a relevant discipline required (graduate degree an asset). Professional designation in accounting, internal audit and/or risk management (e.g. CIA, CRMA, CRISC, CPA) required. . A minimum of ten years of internal audit experience (in areas such as academic, financial, reputational, operational, natural hazards, and strategic risk); or the equivalent combination of education and experience.
- Extensive knowledge of the International Standards for the Professional Practice of Internal Audit.
- Extensive knowledge of leading edge internal audit practices, tools and techniques.
- Experience in technology-related risk areas and non-traditional audit areas such as major IT transformations, performance reviews, cybersecurity.
- Meets all requirements of relevant professional associations to maintain accreditation standing. Acts in accordance with professional standards.
- Ten years of experience at a senior level with internal audit, internal control, risk management and / or compliance experience in an organization with the scale and complexity, range of stakeholders, and a complex governance structure that parallels UBC.
- Previous experience leading an internal audit function and working in an integrated risk and audit environment an asset; enterprise risk management experience an asset.
- Ability to assist the Chief Assurance and Risk Officer with establishing a strategic direction and subsequently outlining initiatives and develop priorities in support of that vision.
- Significant experience working in a dynamic, project based environment with emphasis on timelines, and value realization. -Understands and is able to work effectively in the context of the culture and traditions and of a public university and is able to engender the confidence and respect of faculty, staff and students.
- Ability to develop effective and collaborative relationships with organizational leaders, the Executive Team, and the Audit Committee that demonstrate professionalism and independence.
- Demonstrated ability to successfully, lead, inspire, and mentor diverse high-performing teams towards strategic goals of an internal audit function that ultimately support the achievement of the organization's vision.
- Strategic thinker and problem solver and the ability to see the bigger picture.
- Progressive, forward-looking, risk-based approach with a willingness to fully embrace leading edge practices.
- Able to fully understand the risk appetite of an organization and to prioritize and react appropriately based on risk and value.
- Ability to deal with sensitive and confidential issues using well developed discretion and judgement.
- Ability to maintain absolute confidentiality of information and communicate only appropriate information to individuals at the appropriate time.
- Innovative, dynamic, and adaptive.
- Courageous and direct.
- Strong planning and organizational skills.
- Strong verbal and written communication skills.
Equity and diversity are essential to academic excellence. An open and diverse community fosters the inclusion of voices that have been underrepresented or discouraged. We encourage applications from members of groups that have been marginalized on any grounds enumerated under the B.C. Human Rights Code, including sex, sexual orientation, gender identity or expression, racialization, disability, political belief, religion, marital or family status, age, and/or status as a First Nation, Metis, Inuit, or Indigenous person.
All qualified candidates are encouraged to apply; however Canadians and permanent residents will be given priority.