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Chief Audit Officer and Director, Internal Audit Division
Chief Audit Officer and Director, Internal Audit DivisionInsideHigherEd • Raleigh, North Carolina, United States
Chief Audit Officer and Director, Internal Audit Division

Chief Audit Officer and Director, Internal Audit Division

InsideHigherEd • Raleigh, North Carolina, United States
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Posting Number : PG194213EP

Internal Recruitment :

No

Working Title :

Chief Audit Officer and Director, Internal Audit Division

Anticipated Hiring Range :

Commensurate with education and experience

Work Schedule :

Monday - Friday; 8 : 00 AM - 5 : 00 PM

Job Location : Raleigh, NC

Department :

Internal Audit Division

About the Department :

NC State University, a leading public research (R1) land-grant university, is the largest university in the state of North Carolina and home to nearly 40,000 undergraduate and graduate students. Twelve colleges comprise NC State, with academics and research spanning a variety of disciplines, including engineering, agriculture, sciences, business, textiles, humanities and veterinary medicine. In Raleigh, NC State operates a 2,200-acre, 450 building Main Campus and also operates Centennial Campus and Centennial Biomedical Campus, providing state-of-the-art facilities for corporate, industrial and government partners working alongside university research and academic units – and a veterinary hospital with 24 / 7 emergency care. Additionally, NC State operates agricultural farms, research stations, nurseries and greenhouses, a research forest, and research and extension facilities throughout the state of North Carolina, with a presence in all 100 counties. A $2+ billion university enterprise with $2.3 billion in annual financial transactions, NC State employs more than 9,000 faculty and staff in service to its mission of advancing education, research and public engagement across North Carolina and beyond. As a preeminent public research university, NC State is recognized nationally and internationally for innovation in education, research, scholarship and engagement that solves the world’s most critical challenges. NC State’s research enterprise leads in big data, biomedical engineering, materials science, food safety, translational medicine and more; ranking 6th in research expenditures among public institutions without a medical school. NC State strives to be an “Employer of Choice” within a competitive region and was recognized by Forbes as a top large employer in North Carolina. The university’s dynamic workplace culture depends on engaged, service-oriented employees and a vibrant, collaborative workplace experience.

Description of the Organizational Unit The Internal Audit Division (IAD), led by the Chief Audit Officer, serves as an independent, trusted advisor to the NC State community in the identification, remediation and continuous monitoring of challenges and risks. IAD supports NC State’s mission and advances NC State’s strategic goals by serving as a partner to university leadership, faculty and staff in identifying and balancing risk through objective, flexible and proactive audit and advisory services. IAD consists of ten employees including audit managers for operational, information technology and investigative engagements; five staff auditors; and an executive assistant. For more information regarding the Internal Audit Division, please visit the website : internalaudit.ncsu.edu .

Wolfpack Perks and Benefits :

As a Pack member, you belong here, and can enjoy exclusive perks designed to enhance your personal and professional well-being.

What we offer :

  • Medical , Dental , and Vision
  • Flexible Spending Account
  • Retirement Programs
  • Disability Plans
  • Life Insurance
  • Accident Plan
  • Paid Time Off and Other Leave Programs
  • 12 Holidays Each Year
  • Tuition and Academic Assistance
  • And so much more!

Attain Work-life balance with our Childcare benefits, Wellness & Recreation Membership , and Wellness Programs that aim to build a thriving wolfpack community.

Disclaimer : Perks and Benefit eligibility is based on Part-Time or Full-Time Employment status. Eligibility and Employer Sponsored Plans can be found within each of the links offered.

Essential Job Duties :

The Chief Audit Officer serves as the leader and advocate for matters relating to internal audit for the institution and works with colleagues to both balance risk and guide positive change in support of the university’s mission and strategic goals. The Chief Audit Officer leads the Internal Audit Division, and is responsible for ensuring the division meets the expectations of and complies with the Internal Audit Charter as approved by the NC State University Board of Trustees and the NC State University Chancellor. The Chief Audit Officer also ensures compliance with the Institute of Internal Auditors’ Global Standards and other requirements set forth by the UNC System Office and the State of North Carolina. The position has high visibility and institution-wide scope, covering the breadth of the entire university and its affiliates including all of the university’s activities, assets, information in any form and personnel.

The Chief Audit Officer reports administratively to the NC State University Chancellor and functionally to the NC State University Board of Trustees through the board’s Audit, Risk Management and Finance Committee (ARMF). The Chief Audit Officer communicates and interacts directly and independently with the ARMF. This positioning provides the organizational authority and status to bring matters directly to senior management and to escalate matters to the ARMF when necessary and without interference. Additionally, the Chief Audit Officer has informational reporting accountability to both the Executive Vice Chancellor and Provost and the Executive Vice Chancellor for Finance and Administration. The Chief Audit Officer has independent access to university leadership, faculty, staff, students, the UNC System Office and various other external constituents.

Oversight of the Internal Audit Function : The Chief Audit Officer has the responsibility of ensuring the Internal Audit Division achieves the following :

  • Maintain compliance with North Carolina General Statute (GS) Chapter §116-40.7 (which establishes the independent audit function at state universities); NC GS Chapter §143 Article 79, The NC Internal Audit Act; and audit-related requirements from the UNC BOG and UNC System Office.
  • Compliance to The Institute of Internal Auditors’ Global Internal Audit Standards including the required standards of ethics and professionalism.
  • Ensure a comprehensive risk assessment process to support the development of a risk-based audit plan and a risk-based approach to individual engagements. This process will consider the input of the ARMF, senior university management and other stakeholders as appropriate.
  • Consider the scope of work of the external auditors and regulators, as appropriate, for the purpose of providing optimal audit coverage to the organization.
  • Submit, at least annually, a risk-based audit plan to the Chancellor and the ARMF for approval, implement that audit plan, and communicate any significant interim changes.
  • Maintain an agile approach to the audit planning process including continuous re-evaluation and adjustment to the audit plan as needed to ensure IAD’s activities are responsive to the changes in the university’s risk environment, business, operations, programs, systems, controls, and emerging issues.
  • Communicate the impact of resource limitations on the internal audit plan to the Chancellor and ARMF, as appropriate.
  • Keep the ARMF, Chancellor, and other appropriate leadership informed of emerging trends and successful practices in the internal auditing profession and develop and maintain a comprehensive continuous improvement and quality assurance process for IAD.
  • Ensure appropriate and necessary interactions with the various external audit-related governance groups occur as needed, including interactions with UNC System Office, the state’s Council of Internal Audit, Office of the State Auditor (OSA), Office of the State Controller and the State Bureau of Investigation.
  • Coordinate and collaborate, as appropriate, with internal control and risk monitoring functions regarding areas such as risk management, compliance, security, legal affairs, environmental health, and external audits and investigations.
  • Investigate suspected fraudulent activities and notify the Chancellor, ARMF and other management of any significant results. Assist OSA or other external investigators with investigation of allegations as necessary.
  • Perform advisory services, beyond internal auditing’s assurance services, to assist management in meeting its objectives and to proactively address issues. This includes evaluation and assessment of significant university functions and new or changing services, strategies, processes, operations, major systems and control processes coinciding with their development, implementation, and / or expansion to identify risk, making recommendations to mitigate that risk, and consulting on management activities.
  • Communicate as appropriate to the Chancellor, ARMF, and other management summarizing the results of audit or advisory activities and report to the ARMF at regular quarterly meetings.
  • Follow up on engagement findings, confirm the implementation of corrective action plans and communicate the results to the Chancellor, ARMF and other senior management.
  • Participate on various internal and, as appropriate, external committees, compliance task forces, and system development projects to provide guidance, proactively address potential issues and internal control weaknesses, improve efficiencies, and increase effectiveness.
  • Educate the university community on university policies, state and federal regulations, best practices and the importance of effective internal controls.
  • Promote the continued growth of internal audit staff through professional certifications, professional memberships and continuing education development opportunities.
  • Maintain written policies and procedures to guide the internal audit activity.

    • Leadership and Management of the Internal Audit Division : The Chief Audit Officer is responsible for the leadership and management of all the Internal Audit Division’s activities including but not limited to assessing whether :

  • Processes for governance, risk management and control are adequate, effective, efficient and that those processes along with management activities support the organization’s strategies and objectives.
  • Operations and programs are being carried out effectively, efficiently, ethically and sustainably.
  • University units are compliant to university, UNC System Office (UNC-SO), State, and Federal requirements, related processes are administered correctly, and issues are recognized and addressed properly and promptly.
  • Risks relating to the achievement of university’s strategic objectives are identified and managed.
  • Established processes and systems, including financial, process, and information technology controls, are effective, efficient, and enable compliance with the policies, procedures, laws and regulations that could significantly impact the university.
  • The actions of the university’s officers, directors, management, employees, and contractors or other relevant parties comply with the university’s policies, procedures, and applicable laws, regulations and governance standards.
  • Policies, regulations, rules, and other guidance and training are consistent in their information, effective, and foster quality and continuous improvement by not creating and removing undue bureaucracy or inefficiencies.
  • The integrity of significant financial, managerial, and operational information and the means used to identify, measure, analyze, classify and report such information is reliable and timely.

    • Minimum Education and Experience :

    Bachelor’s degree AND :

  • Certification or licensure as a Certified Public Accountant, Certified Internal Auditor, Certified Fraud Examiner, Certified Information Systems Auditor, Professional Engineer, or Attorney;

    • or

  • A minimum of five years of experience in internal or external auditing, management consulting, program evaluation, management analysis, economic analysis, industrial engineering, or operations research

    • Other Required Qualifications :

  • Consistently demonstrate high initiative, self-motivation and dedication to the missions and goals of both the IAD and the university.
  • Excellent interpersonal skills with the ability to cultivate strategic professional relationships with senior management, external constituencies and at all levels of the university community to obtain cooperation and ensure credibility.
  • Exhibit realistic understanding of risk, issues, and potential mitigating or corrective actions.
  • Able to develop unique solutions to problems and demonstrate new ideas within the constraints of the situation in question.
  • Ability to make timely, defensible decisions based on sound and informed judgement, take appropriate action and stand behind decisions when challenged.
  • Flexible and able to effectively manage through ambiguity, changing environments, delays and unexpected events.
  • Experience leading an internal audit team in both assurance and investigative audit engagements related to the environment of a R1 land-grant institution or equivalent institution.
  • Experience with IT auditing and strong knowledge of IT systems, data security, and information technology frameworks and regulatory requirements (e.g., CMMC, NIST, ISO).
  • Experience with investigative auditing and strong knowledge of professional fraud investigation standards.
  • Ability to stay abreast of current trends, emerging issues and changes to legal, regulatory and compliance environments that may impact the role, institution and profession.

    • Preferred Qualifications :

    N / A

    Required License(s) or Certification(s) :

    As required under State Legislation (HB1401) : Bachelor’s degree AND :

  • Certification or licensure as a Certified Public Accountant, Certified Internal Auditor, Certified Fraud Examiner, Certified Information Systems Auditor, Professional Engineer, or Attorney;

    • or

  • A minimum of five years of experience in internal or external auditing, management consulting, program evaluation, management analysis, economic analysis, industrial engineering, or operations research

    • Valid NC Driver's License required :

    No

    Commercial Driver's License required :

    No

    Job Open Date : 09 / 02 / 2025

    Anticipated Close Date :

    Open Until Filled

    Special Instructions to Applicants :

    Please include a cover letter, resume and contact information for three professional references

    Position Number : 00008504

    Position Type : EPS / SAAO

    Full Time Equivalent (FTE) (1.0 = 40 hours / week) :

    1.00

    Appointment : 12 Month Recurring

    Mandatory Designation - Adverse Weather :

    Non Mandatory - Adverse Weather

    Mandatory Designation - Emergency Events :

    Non Mandatory - Emergency Event

    Department ID :

    014101 - Internal Audit Division

    EEO :

    NC State University is an equal opportunity employer. All qualified applicants will receive equal opportunities for employment without regard to age, color, disability, gender identity, genetic information, national origin, race, religion, sex (including pregnancy), sexual orientation, and veteran status. The University encourages all qualified applicants, including protected veterans and individuals with disabilities, to apply. Individuals with disabilities requiring disability-related accommodations in the application and interview process are welcome to contact 919-513-0574 to speak with a representative of the Office of Equal Opportunity.

    If you have general questions about the application process, you may contact Human Resources at (919) 515-2135 or workatncstate@ncsu.edu .

    Final candidates are subject to criminal & sex offender background checks. Some vacancies also require credit or motor vehicle checks. Degree(s) must be obtained prior to start date in order to meet qualifications and receive credit.

    NC State University participates in E-Verify. Federal law requires all employers to verify the identity and employment eligibility of all persons hired to work in the United States.

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    Director Internal Audit • Raleigh, North Carolina, United States