Internal Control and Risk Intern

FUNCTION & SCOPE:

An undergraduate or graduate studies student with strong analytical skills to work in the Office of Compliance Services and support the implementation of the Research Foundation's Internal Controls Program. The incumbent will interact with all levels of the Research Foundation and SUNY constituents, and report to the Deputy Compliance Officer. With a focus on internal controls and risk management, the individual will be responsible for assisting with the RF's internal controls program; process documentation, provide compliance advice, perspective, and analysis; interpret legal and regulatory obligations related to compliance matters; and assess and analyze compliance risks and trends.

Risk Management and Internal Control Activities:

• Evaluate the effectiveness of the company's internal control framework in addressing risks and accomplishing the company's goals and objectives
• Document processes and assist with the development of internal controls to mitigate risk
• Establish and monitor key risk indicators, and offer assistance with the implementation of corrective action plans to mitigate risks
• Facilitates the preparation of the risk dashboard, risk heat maps, and related documentation for presentation to management
• Conducts risk assessments and identifies controls in place to mitigate identified risks
• Identifies control gaps and opportunities for improvement
• Works with department VP's, Directors, functional owners, and campus stakeholders to provide advice on the Research Foundation's Internal Control Methodology, to identify and mitigate risks with appropriate controls, and monitor and test controls
• Monitor major and critical risk issues & manage the process for elevating control risks to more senior levels when appropriate
• Monitor the implementation of controls or corrective actions

Audit Remediation Responsibilities:

• Reviews Internal Audit reports, letters, and related material and advise management on the implementation of recommended remedial action
• Where required, coordinate the management response to Internal Audit reports, letters, or related materials issued by the Internal Audit Department
• Assist management remediate findings identified through the audit or monitoring processes to ensure identified deficiencies are addressed consistent with regulatory requirements, the internal control methodology, and relevant RF policies
• Prepare reports for the Deputy Compliance Officer, leadership, and the Board assessing remedial efforts

Other Duties:

• Internal Control and Risk Intern will perform other duties as assigned by the Deputy Compliance Officer in support of the implementation of the Research Foundation's Compliance Program.

Requirements:

• Enrolled in an accredited University or College
• Ability to manage projects while adhering to the highest ethical standards
• Ingenuity and persistence in order to obtain information not readily available with an eye for detail
• Be adaptable and able to meet deadlines on assignments, juggle multiple demands, and to work with all types of individuals
• Strong skills in negotiating, relationship building, problem solving, and time problem escalation
• Excellent written and oral communication skills
• Excellent time management and organizational skills
• Detail oriented, but able to quickly understand the larger or strategic picture

Qualifications:

• Proficiency in MS Office (Visio, Word, Excel, PowerPoint)

Compensation for this position: The compensation for this role is $18/hr undergrad and $20/hr grad students.

Additional Information:

As an Equal Opportunity / Affirmative Action Employer, The Research Foundation for SUNY will not discriminate in its employment practices due to an applicant's race, color, creed, religion, sex, pregnancy-related conditions, reproductive health decisions, childbirth or related medical conditions, sexual orientation, gender identity or expression, transgender status, age, national origin or ancestry, marital status, familial status, citizenship, physical and mental disability, prior arrest or conviction record, genetic characteristics/genetic information, predisposition or carrier status, domestic violence victim status, military status or service, veteran status, or any other characteristics protected under federal, state or local law. The Company will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

The Company will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

Review of applications will begin immediately and continue until the position is filled.

The Research Foundation for the State University of New York is not an agency or instrumentality of the State of New York. Employees of the Research Foundation for the State University of New York are not state employees, do not participate in any state retirement system, and do not receive state fringe benefits. The Research Foundation for the State University of New York operates under a contract with The State University of New York and receives no directly appropriated state funding.