Assistant Vice President, Institutional Compliance, Internal Audit and Enterprise Risk Management

Department​
 

F&A Office of the CFO

About the Department

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Finance and Administration is made up of separate and unique departments, but united by a similar purpose to support the University of Chicago. We do this by carrying out our vision and mission.

Our Vision
Set the standard of excellence for university administrative centers.

Our Mission
Provide best-in-class business support, operational infrastructure, and strategic guidance to help further the free and rigorous pursuit of inquiry at the University of Chicago.

Job Information​
 

Job Summary:

This role integrates the internal audit and risk assessment functions for the University, the Enterprise Risk Management program that emanates from the internal auditors’ triennial risk assessment which in turn informs the internal audit plan, and the University’s efforts to ensure compliance with the regulatory environment within which we operate. The overall mission of the Office of Compliance is to promote an organizational culture and support a formal compliance program that encourages ethical conduct, a commitment to compliance with the law and University policies, and accountability for these obligations in furtherance of the University’s values and pursuit of eminence. The purpose of the Internal Audit function at the University is to provide the Board of Trustees and senior University administration with an independent assessment of the University’s system of internal controls. Internal Audit examines and evaluates the controls in place to safeguard University assets, evaluates the effective use of resources, reviews compliance with policies, procedures, laws and regulations to protect the research and teaching mission of the University. The Enterprise Risk Management program is informed by these efforts and creates a uniform process for evaluating the key risk areas identified in the Internal Auditor’s triennial risk assessment. The output of this program is presented to the Board of Trustees Audit Committee, and informs discussions with the Committee, as well as the internal audit plan.

Responsibilities:

• Reporting directly to the Vice President and Chief Financial Officer as well as the Chair of the Audit Committee of the Board of Trustees, responsible for the design, organization and management of University-wide programs of Compliance, Enterprise Risk Management (ERM) and Internal Audit.
• Chair the University’s Integrated Enterprise Risk Management and Compliance Committee, focusing on compliance-related strategic risk/priority-setting. Prepare reporting for the Audit Committee on these activities.
• Work with officers, deans, senior managers, faculty, and staff to advance the University's compliance and internal control processes.
• Lead the programs monitoring compliance and risks identified through the ERM program in a decentralized University environment; collaborate with the University of Chicago Medical Center (UCM) on ERM harmonization for areas of shared risk.
• Accountable for maintaining an understa