Deputy Vice President Audit and Compliance
Full-Time# of Openings:
Legal and Compliance
The Office of Audit and Compliance (OAC) serves as a proactive partner and trusted advisor to Princeton University management and departments in ensuring the numerous initiatives are appropriately assessed and prioritized so that the OAC can best support the mitigation of risks that may have a significant impact on the achievement of the University’s objectives. The OAC strives to promote a culture of sound risk and compliance awareness at the institution through the services it provides. The OAC seeks an experienced candidate with high professional and ethical standards who will report to and work in close partnership with the Vice President and Chief Audit and Compliance Officer (CACO) in providing both strategic and operational direction to the OAC. This is a leadership opportunity for an experienced governance professional to lead and mentor a team of highly skilled individuals who must comprehend complex issues quickly. The successful individual will be a modern thinker and someone who places the highest priority on being collaborative, fully engaged in the execution and delivery of excellent work, a dedicated leader of others, who will take the time to coach, mentor and develop the talent within the office. Cultural alignment with the university’s values and ethos of service will be essential. Reporting to the Vice President and Chief Audit and Compliance Officer, the Deputy Vice President Audit and Compliance (DVPAC) will oversee an innovative and effective audit and compliance program for the University. The DVPAC will provide leadership and guidance to all areas of OAC management and operations, including organizational vision, advising and strategic planning. They will work closely with the CACO in driving strategic initiatives around OAC’s innovation, methodology, quality, and talent enhancement. The successful candidate will be a “player-coach,” managing the team’s workflow and providing guidance—as well, as contribute to project delivery. Serving the OAC organization, the DVPAC will lead a team of highly motivated professionals, with direct departmental responsibility for serving the OAC in the areas of strategic direction, organizational effectiveness and talent management, service provider engagement and management, and department-wide communications. The DVPAC will work collaboratively with OAC leadership, University management, and the University’s external auditor to develop an annual risk assessment and audit plan that align with the University mission and objectives and provide the necessary flexibility to shift priorities as needs evolve. Further, they will be responsible for the delivery of high-quality OAC projects, reporting, and communications in a timely manner. As a key member of the senior leadership team of OAC, the DVPAC will function as the OAC’s Chief of Staff and develop the credibility and gravitas to be in a position, when appropriate, to proxy for the CACO and represent the OAC in University collaborations and committees. They will also cultivate external relationships to identify and remain current on emerging trends and leading practices in internal auditing.Responsibilities
Key Responsibilities Advising and Strategic Planning
Serve as OAC chief of staff providing leadership and guidance to all areas of OAC management and operations.Support the CACO to develop OAC vision and strategic and operational plans, aligning OAC priorities in support of University-wide objectives.Drive strategic initiatives around OAC’s innovation, methodology, quality, and talent enhancement.Advise other OAC directors to meet University needs, seek efficiency and continuous improvement.Support the CACO with strategic initiatives and Trustee Audit and Compliance Committee (ACC) and Executive Compliance Committee (ECC) matters; independently prepare administrative reports for the Board of Trustees, position papers, high-level correspondence, and presentation materials for the OAC.Assist University management in successful completion of financial and other regulatory audits by the external auditor and other audits and inspections by regulatory agencies.Leadership Activities
Promote OAC as a trusted advisor, providing insights on risk, controls, and operations by leveraging innovative audit approaches and technology.Lead the development and implementation of OAC’s audit methodology and quality assurance programs to increase audit execution effectiveness and quality.Coordinate internal audit and compliance teams to deliver a collaborative audit and compliance approach while continuing to explore innovative ways to improve OAC’s processes and reporting.Remain current on higher education developments, industry leading practices, and regulatory requirements, and assess potential implications to the University and OAC.Support the recruitment, coaching, development, and retention of high-performing team members.Provide leadership and timely feedback to staff during projects and the annual performance evaluation process.Oversee the planning and execution of internal OAC activities, including departmental trainings, staff meetings, and retreats.Oversee special projects at the request of the CACO, senior management, and the ACC.Oversee the selection and management of service providers for co-sourced projects. Operational Planning and Execution
Oversee the operations of OAC to execute a comprehensive audit plan in conformance with professional, regulatory, and department standards; meet budgets and deadlines using a flexible resourcing strategy; and optimize the use of highly qualified professional staff and third-party resources.Provide thought partnership to OAC leadership team and direct oversight of all internal audit and compliance projects and activities.Oversee the use of data analysis and audit management tools necessary for the department to efficiently and effectively complete audit and advisory Responsible for the development, review, and delivery of high-quality reports, presentations, and communications for all OAC projects.Qualifications
Bachelor’s degree, preferably in accounting, business, or another related field. Minimum of ten years’ experience in audit, finance, risk management, or project management.
Knowledge, Skills, and Abilities Required
Executive presence and ability to effectively communicate information to audiences at all levels and to clearly frame and interpret issues. Exceptional time management and project management skills; demonstrated ability to prioritize and manage multiple tasks and projects simultaneously while garnering support and buy-in from key stakeholders. Outstanding analytical and problem-solving abilities; attention to detail coupled with the ability to think strategically and act decisively using a data-informed approach.Capacity to work creatively and independently with high energy and self-initiative.Strong leadership skills, adept at effectively supervising a team of highly skilled professionals. Ability to demonstrate leadership accomplishments, including a proven track record of driving process improvement, building team and developing staff. Focus on motivating and educating the team, promoting a culture of learning, and serving as a mentor and advocate.Aptitude for developing and maintaining productive, collaborative relationships with senior University administrators and other campus-wide employees and constituents.Excellent interpersonal skills including the ability to create consensus among stakeholders with disparate positions to progress toward a common vision or goal.A demonstrated commitment to building a diverse and welcoming workforce and workplace and to promoting diversity more broadlyDemonstrated ability to execute with the highest level of work ethic and professionalism.Superior judgment, diplomacy, and discretion in handling sensitive information.Excellent reading, writing and analytical skills. Possesses the ability to deliver complex and nuanced information in a balanced and non-inflammatory manner.
Preferred Qualifications and Skills
Advanced degree preferably in business, finance, IT or related field. Certifications such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Certified Information Systems Auditor (CISA).Knowledge of University operations and/or experience in higher education.Knowledge of enterprise resource planning (ERP) systems and applications (e.g., PeopleSoft) and auditing techniques.
This role is Princeton-based and does not require travel. The finalist will be required to successfully pass a background check. Princeton University is partnering with Russell Reynolds Associates on the search. For additional information, please reach out to Kimberly Archer or Ellen Yaffe from Russell Reynolds. ContactKimberly Archer
Russell Reynolds Associates
1700 New York Avenue, NW, Suite 400
Washington, DC 20006-5208
Direct: +1-202-654-7826Mobile: +1-240-499-4216[email protected] Ellen Yaffe
Russell Reynolds Associates277 Park Avenue, Suite 3800New York, NY 10172Direct: +1.212.351.2521Mobile: +1.914.627.8663 [email protected]
Princeton University is an Equal Opportunity/Affirmative Action Employer
and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, protected veteran status, or any other characteristic protected by law. EEO IS THE LAW