Description
Job Profile Summary: Provide leadership and direction for the internal audit team, ensuring alignment with the organization's goals and objectives. Develop and implement a comprehensive internal audit plan and strategy that addresses key risks and compliance requirements. Conduct assessments to identify areas of potential risk exposure to internal controls and processes. Prepare and present audit reports to senior management and the Audit & Compliance Committee, highlighting findings, recommendations, and action plans. Work closely with other departments, such as finance, risk management, and compliance, to facilitate audits and improve overall governance.
JOB RESPONSIBILITIES
Department Management - Oversee department planning, including development of the annual budget for the department and annual audit plan to be approved by the Audit and Compliance Committee. Develop department staff and lead the department’s activities. Establish annual departmental goals that are consistent with and cascade from organizational strategic plans/operational goals.
Education and Training - Develop knowledge and professional skills through cross-training, literature and attendance at departmental and institutional meetings. Stay abreast of current technical accounting and auditing trends, especially as it is related to Healthcare, through attendance at trainings and through industry and professional literature. Throughout the year, assist departments with questions that arise relating to internal controls and financial policy matters.
People Leadership - Participate in establishing job requirements and goals; perform duties at the desired level of competency. Perform annual evaluations of staff timely. Participate in improving organizational performance through recommending areas and approaches for improvement and providing input at department discussions. Manage staff performance and productivity. Promote a team environment and provide work direction and guidance including coaching, professional development and training.
Audit Plan Design Execution Management - Work with CCHMC leadership and the Audit and Compliance Committee of the Board to develop and execute a comprehensive, risk-based plan encompassing financial, compliance and operational audits efficiently and timely. Ensure scope of audit plan and work programs address compliance with CCHMC policies and procedures as well as applicable laws and regulations. Assess the adequacy of asset safeguards. Understand and assess the control implications of significant new systems as they are implemented, making recommendations if applicable including the review and testing of post-implementation results of significant new systems. Review the reliability and integrity of financial information. Recommend improvements in CCHMC policies and procedures. Provide assistance to external auditors and manage external consultants as needed.
Fiscal and Risk Management - Manage annual fiscal operating and capital equipment budget for the Internal Audit Department; evaluate and manage operating revenue/expense variances monthly. Work with Vice President - Risk Management, Vice President – Compliance & Audit in efforts to support development of the Enterprise Risk Management program framework.
Requirements
JOB QUALIFICATIONS
Required Qualifications:
Preferred Qualifications:
