Audit/Compliance Officer

Audit/Compliance Officer

Knowledge, Skills, and Abilities (KSAs): Knowledge of professional standards and best practices related to industry or area of expertise. Ability to conduct reviews and analyze information to compose clear, concise, timely, and professionally written reports. Ability to maintain discretion with confidential information.

Role Description

Responsible for implementation of Audit/Compliance functions. The Audit/Compliance Officer demonstrates a high level of experience and depth of knowledge and may interface with internal/external entities by submitting reports and other required documentation, and handling of on-site audits. Specialized and progressively responsible experience is required as the level increases. 

Typical Functions:

Audit
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
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.

Administrative
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.

Training
Develops and delivers training.

Supervision
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.

Levels

Audit/Compliance Officer 1 Under general supervision, performs routine duties relying on established methods, principles, concepts, and procedures related to specialized field. Analyzes and interprets data, identifies areas of concern, and recognizes when there is a problem. Determines compliance within regulations, policies, and procedures. Identifies methods of resolution and options for corrective action. Education/Experience: Typically requires a bachelor’s degree in a relevant field and one year of relevant experience, or an equivalent combination of education, training, and experience. Applicable certification may be required.

Audit/Compliance Officer 2 Under general supervision, performs varied duties requiring professional judgment based on specialty field concepts and practices. Analyzes, evaluates, and recommends resolutions for complex issues and refers unique and highly complex issues to a higher level. Selects methods, techniques, and evaluation criteria for obtaining information to draw conclusions. Exercises latitude to determine objectives. Education/Experience: Typically requires a bachelor’s degree in a relevant field and two years of relevant experience, or an equivalent combination of education, training, and experience. Applicable certification may be required.

Audit/Compliance Officer 3 Under minimal supervision, performs complex assignments with considerable latitude for independent action. Assigned cases or projects with a higher level of complexity, scope, or where the consequence of error is great. Problems are resolved independently involving management when decisions are high profile or unusual. Acts as an advisor to management in area of specialty. Focuses on both short- and long-term strategies. Establishes and implements critical projects. Education/Experience: Typically requires an advanced degree in a relevant field and three years of relevant experience, or an equivalent combination of education, training, and experience. Applicable certification may be required.