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UNT System Board of Regents Appoint Discover Executive as New Chief Audit Executive

Friday, September 11, 2020

The University of North Texas System Board of Regents has named Ninette Caruso as its new Chief Audit Executive, effective October 26, 2020. Under the direction of the UNT System Board of Regents’ Audit & Finance Committee, the Internal Audit department independently examines and evaluates operations of the system and its member institutions.

Caruso will join the UNT System after serving five years as Chief Audit Executive for Discover Financial Services. As global CAE for Discover, Caruso was accountable for the development and execution of the audit plan in alignment with risk management, control and governance oversight of Discover Financial Service’s business units: Global Payments, Consumer Lending, Direct Banking and support functions.

“Ninette Caruso is a natural leader with a rich career background – bringing nearly 30 years of internal audit, finance and risk management experience to North Texas,” said UNT System Regent Carolos Munguia, who serves as Chair for the Audit & Finance Committee. “It is clear that Ninette challenges and develops her team to think differently, and we are confident she will make an immediate impact in directing our Internal Audit team that is charged with enhancing UNT System operations by evaluating and improving the effectiveness of risk management, control and governance processes.”

Caruso began her career with KPMG in Johannesburg, South Africa, before relocating to the United States upon joining Arthur Andersen’s risk management group in 1998. Prior to her arrival at Discover in 2015, Caruso served in leadership roles for Bank One, Nationwide Insurance and Genworth Financial.

As part of Caruso’s transition to the UNT System, Interim Chief Audit Executive Sheba Joyner will resume her full-time role as Senior Director of Internal Audit.

“Sheba Joyner stepped up and worked tirelessly in her role as Interim Chief Audit Executive,” Munguia said. “On behalf of the UNT System Board of Regents we thank Sheba for her commitment and leadership.”