Lead, Internal Audit

**Department** Internal Audit & Enterprise Risk Management

**Hours per week** **Posted date** November 5, 2024

**Closing date** November 19, 2024

**Position Type** Full Time

**Description**:
**This position is excluded from the bargaining unit.**

In accordance with the Handbook of Employment for Management and Professional Staff (Excluded), this full-time continuing position offers a comprehensive benefits package that can be viewed on our Benefits Overview page and an annual salary range which will be commensurate with qualifications.

**Location** - Work primarily takes place at Enterprise Square, Edmonton.

**Working at the University of Alberta**
- The University of Alberta acknowledges that we are located on Treaty 6 territory, and respects the histories, languages and cultures of First Nations, Métis, Inuit and all First Peoples of Canada, whose presence continues to enrich our vibrant community._

The University of Alberta is a community of knowledge seekers, change makers and world shapers who lead with purpose each and every day. We are home to more than 14,000 faculty and staff, over 40,000 students and _over 300,000 alumni _worldwide.

Your work will have a meaningful influence on a fascinating cross section of people — from our students and community members, to our renowned researchers and innovators, making discoveries and generating solutions that make the world healthier, safer, stronger and more just. Learn more.

**Working for the Department**

The mission of Internal Audit and Enterprise Risk Management (IA & ERM) is to evaluate and improve the effectiveness of risk management, control and governance processes within the University of Alberta.IA & ERM executes audits, oversees the University’s enterprise risk management framework and conducts investigations into reports of fraud and irregularity. Through these activities, it provides tools and insight to protect and enhance institutional value and improve decision-making in pursuit of institutional goals.To meet its mission, IA & ERM delivers its core audit activities under two main service lines - internal auditing and examining alleged fraud or irregularities. There are also four audit-related activities where IA & ERM plays a role: liaison with external audit groups; continuous auditing; risk management; and institutional compliance. Everyone in the group must contribute to service delivery in all these areas.

**Position**

The Lead, Internal Audit position is a leadership role in the Internal Audit portfolio and reports to The Executive Director, Internal Audit & Enterprise Risk Management to support the mandate of delivering a world-class Internal Audit Program. The Internal Audit Lead will work closely with senior management and various departments to ensure the organization’s operations are efficient, compliant, and aligned with strategic objectives.

The Lead, Internal Audit will be accountable for:

- Leading the internal audit function with a primary focus on operational audits, data strategy, and governance.
- Designing and implementing world-class risk assessment and auditing programs that will provide an adequate level of assurance to management and the Board of Governors that risks are appropriately identified and mitigated.
- Facilitating risk mitigation through a solid understanding of leading-practice strategies and solutions.
- Support for advanced audit/data analytics capabilities and automation systems that will aid in the interpretation and management of a growing storehouse of audit information.
- The Lead, Internal Audit will be responsible for leading and managing (3-5) Auditors and may be required in the implementation of alternate delivery methods for audit services including co-sourcing and working cooperatively with other similar institutions and/or external auditors.

**Duties**

Annual Internal Audit Plan:

- Develop and implement a risk-based internal audit plan that focuses on key operational areas.
- Monitor industry trends, and best practices to anticipate and respond to emerging issues both within the organization and throughout the wider post-secondary environment.
- Set the scope of projects based on the incumbent’s knowledge and understanding of the University and client’s needs, resulting in increased value for stakeholders.

Internal Audit Charter:

- Lead the review and update of the internal audit charter to reflect changes in the organization, industry standards, and regulatory requirements.

Operational Audits:

- Lead and manage operational audits across various departments to assess the effectiveness of processes, controls, and risk management practices.
- Provide recommendations to improve efficiency, effectiveness, and compliance in operational areas.
- Oversee operational audit projects of significant scope, risk and complexity that contribute to the achievement of organizational milestones and objectives.
- Coordinate audit activities with U of A compliance teams and exter