Audit & Compliance Officer

Overview:

The Audit & Compliance Officer is responsible for the effective implementation of audit and compliance functions within the organization. This role demonstrates a high level of experience and depth of knowledge and may interface with internal and external entities by submitting reports and other required documentation, and handling of on-site audits.

Audit Responsibilities:

• Plans and performs audits and develops recommendations to improve business processes, controls, efficiencies, and effectiveness to ensure the university is following applicable regulations.
• Performs quality assurance reviews; makes recommendations for quality assurance and improvement programs.
• Participates in risk assessments.
• Provides guidance to mitigate potential risks or conflict.
• Informs clients of risk, makes recommendations to resolve risk, and consults with departments on the resolution of recommendations.

Compliance Responsibilities:

• Researches, executes, and documents compliance reviews.
• Conducts compliance audits, inspections, reviews, and tests.
• Reviews protocols for research projects and advises faculty and staff on regulations and policies.
• Responds to potentially serious compliance issues and violations, or consults with management on appropriate responses.
• Reviews information from investigations to ensure resolutions have been satisfactorily implemented or determines if further action is necessary.
• Participates in negotiating resolutions.

Additional Functions:

• Develops methodologies and monitoring strategies.
• Prepares reports and may present findings to a variety of constituents or audiences. Assists in the design and implementation of communications pertaining to area of specialty.
• Collects, analyzes, and interprets information and data to prepare recommendations.
• Draws conclusions and makes recommendations for changes or resolutions.
• Stays abreast of current activities and trends.
• Coordinates with internal and external agencies.
• Develops and delivers training.
• Serves as a resource and offers guidance in area of specialization.
• Manages projects and provides work direction for others.
• Supervises lower-level staff in area of expertise.

Skills and Qualifications:

• A bachelor's degree in a relevant field such as accounting, finance, business, law, or a related discipline.
• In-depth knowledge of audit methodologies, compliance regulations, and industry best practices.
• A strong understanding of relevant laws, regulations, and industry standards that pertain to the organization's operations.
• Proficiency in identifying and assessing risks, as well as the ability to develop and implement risk mitigation strategies.
• Ability to negotiate resolutions to compliance issues and resolve conflicts effectively.
• Excellent written and verbal communication skills, including the ability to prepare detailed reports, present findings, and interact with various stakeholders.
• Ability to negotiate resolutions to compliance issues and resolve conflicts effectively.
• Strong problem-solving skills to identify compliance issues and recommend appropriate solutions.