Director of Internal Audit:
Boston College seeks an experienced and collaborative partner to be the next Director of Internal Audit. Reporting administratively to the Financial Vice President and Treasurer, and functionally to the Finance and Audit Committee of the Board of Trustees, the Director will lead the internal audit function of the College with a focus on adding value to and improving the College’s operations, risk assessment, and processes by serving as an advisor and resource to the College’s senior management. The Director will provide strategic audits across the College while building and leading an internal audit function that provides state of the art service. He or she will assist the College in accomplishing its goals and objectives by bringing a systematic, disciplined, data driven approach to audit and risk.
The successful candidate will have extensive audit experience at a managerial level, preferably within an academic environment similar in size, scope, and complexity to the University; and will possess a distinct appreciation for the mission, traditions, and culture of Boston College
Boston College was founded by the Society of Jesus and is committed to maintaining and strengthening the Jesuit, Catholic mission of the University. This applies especially to its commitment to integrating intellectual, personal, ethical, and religious formation; and to uniting high academic achievement with service to others. With an enrollment of 9,100 full-time undergraduate and 4,700 graduate and professional students, Boston College is ranked 31st among national universities by U. S. News & World Report. Boston College has an operating budget over $1 billion.
When it was founded in 1863, Boston College was a small undergraduate institution situated in Boston’s South End. In 1909, Boston College broke ground on its Chestnut Hill campus. In the 1920s, Boston College began to fill out the dimensions of its University charter, with the inauguration of the Graduate School of Arts and Sciences, the Law School, and the Evening College, which is now the Woods College of Advancing Studies. The 1930s saw the introduction of the Graduate School of Social Work and the College of Business Administration – today the Wallace E. Carroll School of Management. The School of Nursing, named in honor of William F. Connell in 2003, and the School of Education, today named for Carolyn A. and Peter S. Lynch, followed in 1947 and 1952. The Graduate School of Arts and Sciences first offered doctoral programs in 1952, followed by the graduate schools of Education, Nursing, Management, and Social Work.
The Boston College main campus is located on an idyllic 130-acre site in Chestnut Hill, and is supported by a 40-acre campus in Newton and a 65-acre campus in Brighton, in addition to the Connors Family Retreat & Conference Center in Dover and the Weston Observatory. In the eight Schools and Colleges, Boston College has 752 full-time faculty, 94% of whom hold doctoral degrees, 1,080 FTE faculty and 2750 non-faculty employees.
Strategic Directions at Boston College:
On August 30, 2017 Boston College announced a 10-year Strategic Plan, “Ever to Excel: Advancing Boston College’s Mission”. The 10-year plan advances a trajectory set over the course of the past decade by the previous Strategic Plan and the University’s landmark, $1.6-billion Light the World campaign, a period which saw BC achieve recognition as an “R1” institution – a designation assigned by the Carnegie Classification of Institutions of Higher Education to doctoral universities with the highest levels of research activity. “To thrive in the coming decades, Boston College must remain true to its intellectual and religious roots and seek to be the world’s leading Jesuit, Catholic university. These ambitious goals distinguish Boston College from its peers in higher education worldwide, and reflect its desire to work for the transformation of the world.”
For further information, please refer to:
The Director of Internal Audit reports administratively to the Financial Vice President and Treasurer and functionally to the Finance and Audit Committee of the Board of Trustees. The Director works closely with senior management, Office of General Counsel, and Controller’s Office and serves as a resource and consultative partner in providing strategic audit and risk assessment across the University. In addition, the Director works collaboratively with University constituents to provide education and skill building opportunities for the community in the areas of risk assessment, best practices, business process controls, and internal controls.
The Director is specifically responsible for maintaining a comprehensive program of internal auditing within the University to assess regulatory compliance in all areas of operation; review policies, procedures, practices and assets for purposes of risk measurement, internal control, and analysis; recommend appropriate changes and improvements; and apprise senior management and the Finance and Audit Committee of the status and disposition of findings. In addition, the Director establishes standards for the internal audit process and develops an annual internal audit plan and risk assessment, determines schedule and frequency of audits to ensure that key areas are audited on a timely basis and annually presents the audit plan to the Finance and Audit Committee for their review.
This is an exciting and major opportunity for the new Director of Internal Audit, and the expectations and ambitions are broad and extensive.
The Director of Internal Audit:
- Works with senior management to assess institutional risks and develops an annual audit plan and audit accomplishment report;
- Meets with the Finance and Audit Committee of the Board of Trustees two times a year; and is accountable to the Committee for the functional effectiveness of the Internal Audit program;
- Develops, leads, mentors and supports the three Internal Audit exempt staff and creates an environment supportive of their professional development;
- Participates in the reviews of the system development life cycle of new or upgrades to University information systems and recommends internal control procedures and regulatory guidelines where appropriate;
- Makes presentations to management at the conclusion of audits, discussing deficiencies, recommending corrective action, and suggesting improvements in operations; and appraises the adequacy of the correction action taken of reported audit findings and/or recommendations;
- Serves as the initial contact for the Ethics Point Hotline and triages ethics reports with appropriate University constituents;
- Conducts special investigations as requested by senior management and makes recommendations for improved controls, operating procedures, accounting records, and system designs;
- Assists in the planning for all audits, reviews, or examinations done by the University’s external auditor and auditors from any regulatory agencies and coordinates related activities and the assignment of the internal audit staff to support such activities so as to minimize cost and increase efficiency;
- Maintains up-to-date skills and knowledge on best practices and risks related to higher education, governmental, financial and business operations; and keeps current on professional auditing standards, procedures, and IT trends; and
- Establishes and maintains collaborative and consultative relationships with management.
Qualifications and Experience:
The successful candidate will be innovative, proactive, and collaborative with excellent strategic, leadership, and team-building skills. S/he will have demonstrated success and relevant experience at a complex organization.
The Director of Internal Audit will have the following experiences, capabilities, and attributes:
- Bachelor’s degree in Accounting, Finance, Business or related field is required; Master’s degree preferred;
- Minimum of seven to ten years of audit management experience – Public accounting, Not-for-profit; Higher education and/or Healthcare industry setting preferred;
- Strong technical skills including IT systems analysis, financial analysis, budgets and planning.
- Professional Certifications: Certified Internal Auditor, Certified Fraud Examiner or Certified Information Systems Auditor required; Certified Public Accountant preferred;
- Knowledgeable with ACL Data Analysis software or equivalent data analysis software, and automated workpapers application (i.e., MKinsight);
- Strong interpersonal skills to allow for effective and positive communication with management across all operational areas of the University; demonstrated leadership/supervisory experience; and the ability to deliver sensitive information tactfully and professionally; and
- Distinct appreciation for the mission, traditions, and culture of Boston College.
Koya Leadership Partners is assisting Boston College with this hire. This search is being led by:
Andrew Evans, Managing Director
Tom Phillips, Principal
Charlotte Harris, Consultant
Nominations and applications, including a detailed letter of interest, qualifications, and a current curriculum vitae, should be submitted here.
Boston College is an Affirmative Action/Equal Opportunity Employer. Boston College conducts background checks as part of the hiring process.
About Koya Leadership Partners:
Koya Leadership Partners is a national retained executive search and human capital consulting firm that works exclusively with mission-driven organizations, institutions of higher education and social enterprises. We deliver measurable results, finding exceptionally talented people who truly fit the unique culture of our client organizations and ensuring that organizations have the resources and strategies to support them. For more information, visit www.koyapartners.com.