Internal Control and Risk Officer

Location: Albany, NY Category: Professional Posted On: Thu Oct 17 2024 Job Description:The Internal Control Officer (ICRO) plays a critical role in ensuring compliance with the New York State Law and SUNY policy. The ICRO is responsible for assessing, implementing, and monitoring internal controls across the university to promote accountability, transparency, and risk mitigation.Primary Responsibilities:Internal Control Implementation:Develop and maintain a comprehensive internal control framework aligned with the New York State and SUNY requirements.Collaborate with department heads and staff to ensure consistent adherence to internal control best practices.Conduct training sessions to enhance employees' understanding of internal control standards.Risk Assessment and Reviews:Assess the design and effectiveness of internal controls within various university units.Conduct regular reviews to verify compliance with established procedures and internal control best practices.Identify areas of risk and recommend improvements to enhance control environments.Reporting and Documentation:Prepare reports on internal control findings, including deficiencies and corrective actions.Maintain accurate records related to internal control assessments.Communicate findings to senior management and relevant stakeholders.Policy Development:Assist in the development and revision of internal control policies and procedures.Stay informed about changes in regulations and best practices related to internal controls.Risk Assessment and Mitigation:Collaborate with the Enterprise Risk Management & Compliance team to identify and assess potential risks.Develop risk management strategies and action plans to mitigate identified risks.Monitor risk exposure and recommend adjustments as needed.Conduct periodic reviews to verify adherence to risk management protocols.Internal Controls Enhancement:Work closely with the Enterprise Risk Management & Compliance team to integrate risk management practices into existing internal controls.Evaluate the effectiveness of risk-related controls and propose improvements.Data Security and Privacy:Collaborate with the IT department to safeguard sensitive data and protect against cybersecurity threats.Reviewing compliance with data privacy regulations (e.g., GDPR, CCPA) as part of Internal Control reviews.Job Requirements:Minimum Qualifications:Bachelor's Degree from a nationally accredited college or universityThree or more years of professional experience in internal auditing, internal controls, risk management, or a closely related field.Demonstrated ability to evaluate risk scenarios, with a proven track record of recommending and implementing effective actions that result in a measurable reduction in identified risks.Demonstrated strong verbal and written communication skillsExperience with developing and maintaining internal control frameworks.Applicants must demonstrate an ability to develop inclusive and equitable relationships within our diverse campus communityApplicants must demonstrate an ability to support diversity, equity, access, inclusion, and belonging relative to their rolePreferred Qualifications:Master's degree from a nationally accredited college or universityBachelor's or Master's degree from an accredited institution in accounting, public administration or related fieldDemonstrated experience with enterprise risk management frameworks (e.g., COSO, ISO 31000).Five or more years' experience in conducting risk assessments and developing risk registers.Experience working in a higher education environment.Additional Information:Professional Rank and Salary Grade: SL-4, $70,000-$75,000Special Note: Visa sponsorship is not available for this position. If you currently need sponsorship or will need it in the future to maintain employment authorization, you do not meet eligibility requirements.The Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act, or Clery Act, mandates that all Title IV institutions, without exception, prepare, publish and distribute an Annual Security Report. This report consists of two basic parts: disclosure of the University's crime statistics for the past three years; and disclosures regarding the University's current campus security policies. The University at Albany's Annual Security Report is available in portable document format [PDF] by clicking this link to NYS Labor Law 194-A, no State entity, as defined by the Law, is permitted to rely on, orally or in writing seek, request, or require in any form, that an applicant for employment provide his or her current wage, or salary history as a condition to be interviewed, or as a condition of continuing to be considered for an offer of employment, until such time as the applicant is extended a conditional offer of employment with compensation, and for the purpose of verifying information, may such requests be made. If such information has been requested from you before such time, please contact the Governor's Office of Employee Relations at (518) 474-6988 or via email at UNIVERSITY AT ALBANY IS AN EO/AA/IRCA/ADA EMPLOYERPlease apply online via

Created: 2024-11-15