University System of Maryland · 3 weeks ago
Vice Chancellor for Internal Audit & Accountability
Columbia, MD
Full-time
Onsite
Director/Executive
$220K/yr - $250K/yrThe University System of Maryland is seeking a Vice Chancellor for Internal Audit & Accountability to lead and oversee the internal audit function. This role involves ensuring compliance with professional standards, providing audit services to senior management, and supporting the Board of Regents Audit Committee in governance and risk management activities.
Higher Education
Responsibilities
Ensure that an independent channel exists through the function of the Internal Audit Department for the Board of Regents' (BOR) Audit Committee to verify information
Provide exceptional audit and accountability services to the BOR, Chancellor, Presidents, and Management
Ensure the Internal Audit Office is sufficiently staffed with internal audit professionals. Regularly assesses staffing size is appropriate to provide appropriate audit and accountability coverage of all USM's operations and activities. This includes USM Universities, Regional Educational Centers, Research Centers (UMCES), and USMO
Establish and execute the vision of the Office of Internal Audit. Includes ensuring the function's Charter is current and appropriate, and ensuring the department's guidelines and procedures are established and carried out
Develop annual plans of activity based upon assessment of risks and in accordance with IIA standards
Ensure that audit and related activities are designed to detect significant operational and financial risks as well as to review the effectiveness, efficiency, and economy of operations. Types of audit and accountability activity include: Financial Audits, Operational Audits, Compliance Audits, Investigations, Follow-up Audits, Information Systems Audits, Cyber Security Audits, Internal Control Reviews, Risk Assessments, Consulting Services
Regularly report activities and audit issues to appropriate senior management and the BOR Audit Committee
Ensure internal and external audits have been coordinated to avoid duplicating effort
Manage and respond to allegations received on USM's fraud reporting mechanisms
Mediate disagreements between internal audit and management. Convey significant disagreements to the BOR Audit Committee. With the Audit Committee's approval, the Vice Chancellor is authorized to establish and revise procedures for carrying out responsibilities
Promote the department's function to the USM community
Provide clear and constructive advice to senior management
Coordinate investigative activity with outside agencies
Serve as Staff and Support to the Board of Regents Audit Committee
Keep the Audit Committee apprised of audit issues and risks identified by internal and external auditors
Organize meetings and meeting materials for the Audit Committee at least four times/year
Prepare a variety of reports and materials for the Audit Committee
Draft annual work plans for the Audit Committee's consideration to assist in meeting the Committee's fiduciary responsibilities
Support and facilitate the Audit Committee's agenda
Monitor and provide status updates of action items established by the Audit Committee
Facilitate communication between the Audit Committee and USM's Presidents concerning significant audit issues
Provide the Audit Committee updates on OLA audit activity
Provide monthly summaries of internal audit reports and management's responses
Provide regular updates of investigations and significant allegations received via USM's fraud reporting mechanisms
Inform the Audit Committee of any management denial of access to information to internal audit staff
Coordinate with the USMO Administration and Finance to keep the Audit Committee apprised of third-party audit activity and management responses to findings
Submit for the Committee's approval, internal audit's annual work plan of activity
Qualification
Required
Must have significant managerial and supervisory experience
Must have experience conducting and supervising audits and knowledge of information management systems
Must have excellent communication skills, both written and oral. He/she will be expected to deal with those in senior level positions - regents, presidents and vice presidents as well as operational staff at all levels
Must have full understanding of professional standards established by the IIA
Must be adept at public speaking
Must be a self-starter and perform at a high level with minimal oversight
Must be an effective communicator with all levels of management
Must have strong leadership skills
Must have strong interpersonal skills
Excel, Word, PowerPoint, and Microsoft Office. Understanding of sophisticated financial systems
Benefits
Paid Leave: 22 days of annual leave, 15 days of sick & safe leave, 15 holidays, 3 personal leave days, 12 weeks paid parental leave
Health Benefits: Comprehensive medical, dental, and vision coverage with flexible spending accounts
Retirement Plans: Mandatory and supplemental options with major providers like Fidelity and TIAA
Life Insurance: Optional term life and AD&D benefits through MetLife
Tuition Benefits: Tuition remission for employees and their families
Training & Development: Free professional development conferences and unlimited LinkedIn Learning access
Credit Union Access: Membership eligibility for SECU, Maryland's largest credit union
Employee Assistance Program (EAP): Free counseling, legal, financial, and work-life support services
Company
University System of Maryland
The University System of Maryland (USM) is the state’s public higher education system.
Founded in 1988
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Leonard Raley
President and CEO
Pam Purcell
Vice President for Finance and CFO
Recent News
Technically Media
2025-04-22
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