Chief Enterprise Risk and Assurance Officer

Executive

Job Category

Senior Executive

Job Profile

Associate Vice President

Job Title

Chief Enterprise Risk and Assurance Officer

Department

Finance and Operations Leadership | VP Finance and Operations

Compensation Range

$1.00 - $500,000.00 CAD Monthly

Posting End Date

October 15, 2024

Note: Applications will be accepted until 11:59 PM on the Posting End Date.

Job End Date

The expected pay range for this position is $18,333.33- $20,833.33 monthly.

At UBC, we believe that attracting and sustaining a diverse workforce is key to the successful pursuit of excellence in research, innovation, and learning for all faculty, staff and students, and is essential to fostering an outstanding work environment. Our commitment to employment equity helps achieve inclusion and fairness, brings rich diversity to UBC as a workplace, and creates the necessary conditions for a rewarding career.

Job Description Summary

The Chief Enterprise Risk and Assurance Officer reports to the Audit Committee of the Board and the VP, Finance and Operations. This position provides vision, strategic leadership and direction as UBC’s executive internal assurance (IA) and enterprise risk management (ERM).

This position is responsible for leadership of the IA and ERM structure, mandate, and objectives and ensuring that these are aligned to successfully deliver on strategic objectives, risks, and current and future needs of the university, including business continuity. This role is responsible for establishing and strengthening relationships across the university to deliver its mandate.

Organizational Status

Work Performed

Enterprise Risk Management- Provide strategic leadership to the mandate, scope, and operations of enterprise risk management to ensure effective risk management and mitigation of university operations and strategic priorities- Build a robust ERM infrastructure by strengthening the methodologies, systems, and tools, creating committees and working groups across leadership, and improving the depth of information resources and internal/external relationships.- Build the university’s capabilities in risk management by conducting value-added risk assessments activities across all portfolios in the university to support strategic decisions and other initiatives;- Provide leadership for an ERM program focused on identifying strategic risks and facilitating the capabilities within the university to develop suitable risk mitigation activities.- Support the university with continuous risk identification, assessment, mitigation assessment and regular risk reporting;- Identify opportunities in strategic initiatives, process, or systems transformations by facilitating cross functional working groups/committees to help UBC manage and channel its strategic risk management- Establish strong internal and external relationships and promote risk responsiveness by creating a community of risk champions across the university to ensure continuous discussions and information sharing of risk events as well as progress on mitigation plans- Provide and lead a proactive, systematic, disciplined approach to evaluating the University’s top risks, and improving the effectiveness of key controls, governance, and risk management processes- Ensure that Faculties, units, and operations across the university take ownership and responsibility for risk mitigation by providing active risk assessment advice with their strategic initiatives, process or systems transformations and through involvement in cross functional working groups/committees- Ensure the ERM department is providing risk assessments for every decision deemed to have a major impact on the University and risk assessment result should factor into the strategic decision-making process.- Provide leadership and direction on measurable KRIs to measure the strategic risks on an ongoing basis and provide live and relevant information for decision making- Accountable to management and the Board on continuous risk identification, assessment, management, mitigation, and reporting of strategic risks identified through the ERM programInternal Assurance- Develop a clear IA vision and roadmap to deliver on the mandate and value provided by IA.- Enhance the perception of IA’s value-add to the university by reviewing processes and practices for developing a consultative and risk-based audit universe;- Develop practices and advises management and the Board on the effectiveness of the university’s overall control environment in non-financial matters such as risk prevention and value creation- Balance traditional IA responsibilities with emerging risks through integration with ERM- Strengthen relationships across the university, through increased networking and advocacy and with a goal of providing assurance around the implementation of the key controls and mitigating controls- Liaise with leaders across the university, collaborating with auditee management where appropriate- Ensure int