Director, Internal Audit

🔍 Business Affairs, Redwood City, California, United States

New

📁: Compliance Legal

📅   : 6 hours ago Post Date

📅   : 108873 Requisition #

As a major Silicon Valley employer, Stanford University offers an exciting opportunity for the right individual. Stanford is not just about finding your “next job,” but where we hope you will discover a rewarding career, as well as life-changing experience filled with rich traditions, a deep passion for collaboration and innovation, an unparalleled respect for diversity and creative freedom, and a culture of excellence.

As one of the world’s premier research institutions, Stanford devotes tremendous resources toward the betterment of humanity. Hundreds of initiatives — in everything from medicine to engineering, the environment, peace, and national security — create an atmosphere humming with intelligence and excitement.

Stanford’s Office of the Chief Risk Officer (OCRO) enables Stanford’s strategic risk-taking while supporting essential safeguards and simplification of processes. Across the Stanford ecosystem, OCRO supports Stanford’s missions by providing strategic consultation, delivering independent assurance, and catalyzing coordinated, balanced action on risk and compliance matters. OCRO team members gain a broad enterprise perspective, support a wide variety of activities, and strive to make meaningful contributions daily.

The Director of Internal Audit and Risk Strategies is a member of the expanded leadership team within Internal Audit and collaborates closely with other Internal Audit and OCRO leaders, including the Chief Risk Officer, Chief Audit Executive, Chief Compliance Officer, Chief Privacy Officer, Executive Director of Risk Strategies, and Director of Global Risk, as well as many other stakeholders across Stanford, to address complex and high-risk issues.

As Director, you will lead, manage, and perform the most complex and sensitive financial, operational, information technology, and compliance audits to assess the adequacy and effectiveness of strategic and risk mitigation plan(s) designed to meet Stanford’s objectives. And you will provide internal consultation and advisory services and seasoned judgement, leadership, and subject matter expertise. You will give guidance, review, and project direction to audit teams. Along the way, you will frequently collaborate with staff, faculty, researchers, and partner departments such as the Office of General Counsel and the executive offices in the Stanford health system entities.

The position of Director of Internal Audit and Risk Strategies reports to the Chief Audit Executive.

CORE DUTIES:

Service Delivery and Subject Matter Expertise:
- Manage and conduct financial, operational, compliance and IT risk-based audits and advisory engagements for a functional area, school, or unit.
- Manage and conduct investigations of sensitive suspected irregular conduct in conjunction with other units and university resources.
- Manage and conduct periodic follow-up reviews to assess and report on progress of completion of management's corrective actions in response to internal audit observations and recommendations.
- Assist with the design, development, and implementation of annual risk-based audit plans based on systematic and ongoing risk assessment conducted in coordination with senior management and independent public accountants. Ensure alignment with institutional risks and strategic priorities.
- Partner in preparing and presenting the results of internal audit and other project activities to the Audit, Compliance, Enterprise Risk Committees of the Stanford governing boards. Prepare and communicate project results of via written and oral presentations to management.
- Provide internal control consultation and advisory services to senior management. Partner with the University Compliance Office and Risk Strategies to collaborate with key stakeholders to enhance governance, risk management, and internal control processes.
- Develop and maintain productive customer and staff relationships; become a trusted valued partner.
- Identify, research, and discuss emerging issues relevant to the risk and internal control environment.
Team Leadership:
- Provide leadership, guidance, and mentorship to internal audit, risk, and compliance teams, fostering a culture of continuous improvement and professional development.
- Review and correct documentation of project teams to ensure it supports conclusions and results based on appropriate analyses and evaluations.
Risk Strategies:
Lead and support special projects that span multiple units across Stanford.
Promote risk intelligence, education, and awareness.
Collaborate with stakeholders (including within the Office of the Chief Risk Officer) to facilitate the development of risk analyses and navigation plans designed to meet Stanford’s missions and objectives.
Transform overarching strategy into specific, actionable steps that advance Stanford’s missions while enabling smart risk-taking.
Simplify complex challenges by refining undefined needs into clear deliverables and streamlined action items.
Support the development and flow of information through OCRO and beyond (e.g., issues intake, helpline management).

MINIMUM REQUIREMENTS:

Education & Experience:
- Bachelor's degree and ten years of relevant experience or combination of education and relevant experience.
- Risk-based assurance leadership experience.
Knowledge, Skills and Abilities:
- Strong strategic leadership, highly effective interpersonal, and written and oral communications skills.
- Excellent analytical skills and ability to apply risk and risk mitigation concepts to assess current and future state processes and recommend related changes. Demonstrated ability to strengthen the governance framework and principles for effectively managing risks across an entity.
- Advanced knowledge of OMB Circulars A-21, A-110 and Single Audit requirements.
- Advanced knowledge of the Global Internal Audit Standards
- Thorough understanding of Generally Accepted Accounting Principles and Generally Accepting Auditing Standards.
- Demonstrated abilities to interact, coordinate, and collaborate with other senior staff across a university to establish strategic plans and objectives.
- Demonstrated excellent judgment and sound decision making to obtain viable solutions.
- Demonstrated ability to interact with all levels of staff to include executives and a university's most senior staff. Interactions require special skills such as influence or negotiation.
- Demonstrated ability to control and manage planning, staffing, budgeting, managing expense priorities, and recommending and/or implementing changes to methods or policy.
Certifications and Licenses:
Certified Internal Auditor or Certified Public Accountant certification preferred.

PREFERRED QUALIFICATIONS:

Experience in leading complex internal audit projects within large, research-intensive higher education institutions.
Experience in leading complex internal audit projects — both assurance and advisory — within academic medical centers.
Experience in leading projects for health care, research-based non-profit organizations, or government contracting.
Experience engaging collaboratively with business and risk partners to understand pain points, identify improvement opportunities, and strengthen enterprise risk identification and assessment tools.
Experience driving consistent risk identification and assessment practices across an organization.

PHYSICAL REQUIREMENTS*:

Frequently perform desk based computer tasks, seated work and use light/ fine grasping.
Occasionally stand, walk, and write by hand, lift, carry, push pull objects that weigh up to 10 pounds.

* - Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of the job.

WORKING CONDITIONS:

This position is hybrid-eligible.
May work extended or non-standard hours based on project or business needs.
Occasional cross campus and local travel may be required.
May be exposed to allergens, biohazards, chemicals, radiation or electromagnetic fields.

WORK STANDARDS:

Interpersonal Skills: Demonstrates the ability to work well with Stanford colleagues and clients and with external organizations.
Promote Culture of Safety: Demonstrates commitment to personal responsibility and value for safety; communicates safety concerns; uses and promotes safe behaviors based on training and lessons learned.
Subject to and expected to comply with all applicable University policies and procedures, including but not limited to the personnel policies and other policies found in the University's Administrative Guide, http://adminguide.stanford.edu.

The expected pay range for this position is $196,729 to $220,785 per annum.

Stanford University provides pay ranges representing its good faith estimate of the salary or hourly wage the university reasonably expects to pay for a position upon hire. The pay offered to a selected candidate will be determined based on factors such as (but not limited to) the scope and responsibilities of the position, the qualifications of the selected candidate, departmental budget availability, internal equity, geographic location, and external market pay for comparable jobs. At Stanford University, base pay represents only one aspect of the comprehensive rewards package.

At Stanford University, base pay represents only one aspect of the comprehensive rewards package. The Cardinal at Work website (https://cardinalatwork.stanford.edu/benefits-rewards) provides detailed information on Stanford’s extensive range of benefits and rewards offered to employees. Specifics about the rewards package for this position may be discussed during the hiring process.

The job duties listed are typical examples of work performed by positions in this job classification and are not designed to contain or be interpreted as a comprehensive inventory of all duties, tasks, and responsibilities. Specific duties and responsibilities may vary depending on department or program needs without changing the general nature and scope of the job or level of responsibility. Employees may also perform other duties as assigned.

Consistent with its obligations under the law, the University will provide reasonable accommodations to applicants and employees with disabilities. Applicants requiring a reasonable accommodation for any part of the application or hiring process should contact Stanford University Human Resources by submitting a contact form.

Stanford is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law.

Additional Information