Job Information
BlueCross BlueShield of North Carolina Sr. Risk Advisor - Financial Audit and Model Audit Rule in Remote, North Carolina
Job Description
We are looking for a Sr. Risk Advisor - Financial Reporting and Risk Management to join our already skilled team of experts. You will be a trusted member of a high energy, tight-knit, creative team. We want people who have a real passion for what they do and will apply it to our high-performance culture.
As a Sr. Risk Advisor - Financial Audit and Model Audit Rule you will plan, coordinate, and conduct financial audits and management’s assessment of internal controls over financial reporting, as prescribed under Section 17 of the Model Audit Rule (MAR). Additionally, you will provide internal controls advice, training, and subject matter expertise to business units and project teams across the company, in addition to other special projects as assigned. You can take pride in knowing your work has a positive impact on the people of North Carolina. If you are ready to make a career that makes a difference, then you are the person for this team.
Note: The Model Audit rule is the National Association of Insurance Commissioners’ (NAIC) equivalent regulation to the Sarbanes-Oxley Act (SOX). Professionals with SOX risk assessment, planning, testing, and deficiency evaluation skills will not find significant differences working with the MAR requirements.
Plan and execute financial audits and report the results.
Support the internal control evaluation lifecycle by assisting process owners in identifying controls, documenting process flows, making links to systems, designing control methods, testing implemented controls, and remediating issues.
Assist process owners, project teams, and subject matter experts with documenting new business processes and applicable risks and controls.
Document key business processes in partnership with process owners and subject matter experts.
Provide training and guidance and lead management in the efforts of designing and implementing tests of financial, application, and ITGC controls, demonstrating the adequacy of internal controls and monitoring overall compliance with MAR.
Clearly and concisely document work performed and ensure conformance with applicable standards, budgets, and time schedules.
Identify and assess control deficiencies and collaborate with process owners to develop effective remediation plans to strengthen controls.
Provide consultation to process owners on appropriate identification, documentation, and testing of key controls.
Collaborate with and aid external auditors.
Collect, analyze, test, and interpret information to assess and conclude on each control testing requirement. For controls failing testing, identifying the financial risk and develop an appropriate corrective action for management to implement.
Support compliance efforts related to both internal and external requirements.
Develop, maintain, and improve Financial Audit and MAR policies, methodologies, tools, and templates.
Review and assess vendors’ System and Organization Controls 1 (SOC1) reports and document the results.
Hiring Requirements
Bachelor’s degree in accounting, business, information systems, or other relevant field and a minimum of 5 years auditing or risk management.
Or Master’s degree and a minimum of 3 years of years auditing or risk management.
Professional Certification: at least one of the following certifications: CPA, CIA, or CISA.
Experience in planning and executing financial audits and reporting the results.
Experience in developing, assessing process documentation, performing process walkthroughs, financial risk and controls assessment, risk and controls consulting, and key controls testing.
Knowledge of internal control concepts and business/financial/IT processes.
Hiring Preferences
Big 4 experience or equivalent
Familiarity with process diagramming tools, such as Microsoft Visio.
Strong leadership skills with the ability to work effectively with all levels of management and staff as a part of enterprise teams.
Strong influencing and consultative skills and the ability to proactively identify and resolve issues and opportunities.
Strong facilitation skills necessary.
Strong organizational skills which allow simultaneous completion of tasks and duties while maintaining the ability to coach and develop business partners in governance, risk, control, and business continuity concepts.
Strong presentation skills including excellent oral and written communication skills.
Excellent PC skills (e.g., Microsoft Word, Excel, and PowerPoint).
Salary Range
At Blue Cross NC, we take great pride in a fair and equitable compensation package that reflects market-price and our starting salaries are typically planned near the middle of the range listed. Compensation decisions are driven by factors including experience and training, specialized skill sets, licensure and certifications and other business and organizational needs. Our base salary is part of a robust Total Rewards package that includes an Annual Incentive Bonus*, 401(k) with employer match, Paid Time Off (PTO), and competitive health benefits and wellness programs.
*Based on annual corporate goal achievement and individual performance.
$75,900.00 - $136,600.00
About Us
It's an exciting time to work at Blue Cross and Blue Shield of North Carolina (Blue Cross NC). Health care is changing, and we're leading the way. We offer more than health insurance our customers can count on. We’re committed to better health and better health care − in our communities and beyond. Our employees bring energy and creativity to the workplace, and it shows in our innovative approach to improving the health and well-being of North Carolinians.
Blue Cross NC is a fully taxed, not-for-profit company headquartered in Durham, North Carolina. We serve more than 4.3 million members, and we employ more than 5,000 people across the country who are passionate about making health care better for all.
Help us lead the charge for better health care by joining our award-winning team. Discover tremendous opportunities with us to do challenging and rewarding work. Opportunities that can lead you to a fulfilling career, work that can help others lead healthier, happier lives.
Authorization to Work in the United States
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For most roles, you can choose where to work - fully remote in one of the states listed below, in the office, or a hybrid of the two:
Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Wisconsin, and Wyoming