Vice President Audit


Job title: Vice President Audit

Company: Khalifa University

Job description: Job Description

(Vice President Audit) -(

Description

Job Purpose

As part of the university senior management team, the Vice President for Audit is responsible for developing, updating, and implementing the Internal Audit Charter as approved by the Board and President and in line with IIA Standards. Reporting administratively to the KU President and to the Audit Committee of the Board, the Vice President leads, manages, and organizes all aspects of the University’s internal audit function.

Key Roles & Responsibilities

Strategic Responsibilities

  • Contribute to the formulation and implementation of the university’s strategy, as well as annual business plans.
  • Contribute to the formulation of the university’s policies and procedures, adhering to the overall business objectives of the university.
  • Contribute to the development and management of the university’s budget.
  • Lead the formulation and implementation of the Division’s strategy, as well as annual business plans.
  • Lead the formulation of the Division’s policies and procedures, adhering to the overall business objectives of the university, ensuring they promote leading practices and excellence.
  • Lead the development and management of the Division’s budget and ensure the appropriate budgetary targets are met.

Operational Responsibilities

  • Develop and implement a strategic framework for an effective audit function at the institutional level that stratifies risk and prioritize audit activities for core mission-critical functions.
  • Lead and direct internal audit activities, with accountability for the planning, alignment, execution and reporting of audit activities in accordance with approved audit plans.
  • Be responsible for the development, implementation and provision of risk based audits across the University Departments that result in Management and Boards being assured of the level of reliability that can be placed on governance, and the management of risk and control;
  • Ensuring that a climate exists within the business that nurtures the acceptance of independent audit opinion without influence by management;
  • Promote audit practices and recommendations that are practical to business needs that ensure that the operations are not overburdened with governance and that bureaucracy is avoided;
  • Ensure that the audit reviews are based upon a continual assessment of the governance, strategic, operational, technological, human, financial, operational, legal and environmental risks;
  • Oversee the preparation, agreement to and implementation of the audit approach, the audit plan and the resources and costs required to effectively undertake audits in University departments and that this is updated and communicated when required;
  • Ensure that audit resources consist of professionals in internal audit, accounting, technology and that employee target representations are met (in regard to gender and race if applicable);
  • Oversee the design and implementation of a pro-active internal audit approach to fraud prevention;
  • Respond to and ensure the completion of Ethics investigation tasks when these are requested and ensuring that Certified Ethics Officers exist within the audit team;
  • Ensure that Internal Audit standards, audit execution, evidence, and document retention are of a level that an independent quality review, which should be conducted every third year, will produce results of a very high standard;
  • Attend Audit and Risk Committee meetings, and Board meetings to provide feedback on significant audit findings to positively influence business responses to governance, and the management of risk and control and to communicate progress in addressing previously completed audits that required management to resolve significant findings;
  • Oversee special projects, consulting and investigations to support the needs of the institution;
  • Establish or update performance measures, conduct monitoring and perform continuous quality assurance of the department to ensure compliance with professional internal audit standards, internal department and System policies and procedures;
  • Responsible for design, execution, and effectiveness of a system of internal controls, which provides reasonable assurance that operations are effective and efficient, and financial information is reliable;
  • Ensure compliance with applicable laws, regulations, policies, and procedures;
  • Oversee office administrative procedures and financial management for budget expenditures and resource scheduling;
  • Provide direction and oversight to the internal audit team including effective performance management and professional growth within the organization;
  • Ensure adherence to the University’s information security policies and procedures, and report breaches or other security risks accordingly;
  • Ensure coordination with other departments to facilitate the accomplishment of tasks and responsibilities, as and when needed;
  • Perform any other tasks assigned by Line Manager.

Supervisory Responsibilities

  • Provide coaching, guidance and mentoring as required to enhance the internal capabilities of the team and ensure the achievement of established objectives and plans.
  • Recommend appropriate training courses as per the pre-determined training needs, evaluate their effectiveness, and monitor their results.
  • Carry out performance appraisals for subordinates according to planned schedules and recommend necessary actions as per the applied practices.
  • Conduct periodic meetings with subordinates to ensure that priorities are clear and workflow is running smoothly.
  • Follow-up on employees’ administrative affairs such as vacations, leaves and other administrative and related affairs.

Qualifications

Qualifications & Experience

Required Qualifications

  • Minimum requirement: A Bachelor’s Degree in Accounting or related field.

Certifications :

  • CPA (Certified Public Accountant) or CIA (Certified Internal Auditor)
  • CISA (Certified Information Systems Auditor) is preferred.

Required Experience

  • A minimum of 16 years of relevant experience, directly related to the duties and responsibilities specified, of which 8 years should have been in a Senior Managerial position, preferably in higher education.

Should you require further assistance or if you face any issue with the online application, please feel to contact the Recruitment Team ( ).

Primary Location : KUK – Khalifa University
Job : Vice President
Schedule : Regular
Shift : Standard
Job Type : Full-time

Expected salary:

Location: Abu Dhabi

Job date: Fri, 25 Feb 2022 00:38:05 GMT

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