Director - Internal Audit
Company: WellSpan Health
Posted on: May 16, 2022
Under the general supervision of the Deputy General Counsel for
Risk and Compliance, plans, organizes and performs ongoing
independent audits and appraisals of operational, financial and
data processing systems and controls for WellSpan Health. Provides
evaluations and recommends action to be taken to correct weaknesses
and to improve systems. Monitors state and federal regulations and
legislation and assesses organizational impact. The Director of
Internal Audit is responsible for the direction and leadership of
operational, financial, programmatic, and personnel activities for
Internal Audit Department. This includes performing advanced,
specialized and/or managerial auditing work in multiple
disciplines, managing complex audits and performing critical
project management duties in the planning, scheduling,
coordinating, reviewing, and reporting of the audit work, and
providing expertise in auditing standards and performance criteria.
While the range of duties and responsibilities is broad and varied,
the position's major responsibility is directing the day-to-day
operations, conducting and supervising field audits, and
maintaining alignment with the strategic goals and objectives for
WellSpan Health. The scope of internal auditing encompasses the
examination and evaluation of the adequacy and effectiveness of
WellSpan Health's governance, risk management, and internal
Duties and Responsibilities:
- Guides the development and implementation of short and
long-range goals and objectives for assessing organizational
controls and risk management. Provides leadership and expertise in
the development, implementation, oversight, and evaluation of a
comprehensive risk-based audit plan for evaluating the
effectiveness of controls in place to manage significant risk
exposures, ensure the integrity and reliability of information and
financial reporting, safeguard company's assets, and compliance
with laws and regulations. Incorporates best practices and responds
to emerging trends to enhance operations, programs, and/or
services. Implements and evaluates strategic programs, develops
effective tools to measure performance, analyzes related data,
prepares reports, and makes recommendations to senior leadership
based on findings.
- Supervises internal audit program by review of all processes
and procedures, confirmation of accounts, inspection of physical
operations, and detection, investigation and prevention of fraud.
- Advises management when current practices are not consistent
with policies, or fail to provide necessary controls or factual
records. Collaborate with key stakeholders to understand and keep
abreast of WellSpan strategic objectives and enterprise risks and
confirm alignment to Internal Audit focus and priorities.
- Schedules audit work of assigned staff to obtain greatest
coverage at minimum cost.
- Investigates and recommends action to be taken when control,
operational weaknesses and/or compliance issues are found. Monitors
implementation of recommended corrective action and performs follow
up reviews where necessary.
- Recommends new or improved methods, policies and procedures to
strengthen or improve controls or the performance of various System
functions. Assists in the establishment of policies and procedures
to ensure adequacy of internal controls and effectiveness in
providing internal audit services across the system
- Develops annual Audit Plan for approval by the Vice President
and Chief Compliance Officer.
- Maintains an internal audit schedule and verifies that all
operations are receiving periodic examinations to determine
adherence to policies and protection of assets.
- Determines if EDP procedures conform to policies and standards.
Confirms all Internal Audit activities adhere to the International
Standards for the Professional Practice of Internal Auditing as
promulgated by the Institute of Internal Auditors.
- Establishes and maintains rapport with external auditors.
- Meets regularly with the Compliance Committee to report the
status of Internal Audit's ongoing monitoring activities,
educate/inform the committee of emerging risks and/or exposures
(whether internal or external to the company) that should be
considered, and serve as a "thought leader" with respect to risk
management and internal control best practices.Qualifications
- Minimum Experience:
- Minimum of 7 years business experience; 5 years auditing, or
- Minimum Education:
- Bachelor's degree in Business Administration, Accounting, or
- Minimum Field Of Expertise:
- Preferred Education:
- Master's Degree
- Preferred Courses:
- Required Certification:
- Certified Public Accountant (CPA); or Certified Internal
Auditor (CIA); or Certified Healthcare Internal Audit Professional
(CHIAP); or Certified Information Systems Auditor (CISA).
Keywords: WellSpan Health, Baltimore , Director - Internal Audit, Accounting, Auditing , York, Maryland
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