Lead Director, Corporate Audit

CVS Health-posted 6 days ago

$100,000 - $231,540/Yr

Full-time • Director

Hybrid

5,001-10,000 employees

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At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care. As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day. This role is classified as hybrid and will be filled in either Woonsocket, RI., or Hartford, CT Position Summary The Lead Director, Corporate Audit will lead a team of audit professionals supporting a key functional business unit, or portfolio. This team will develop and execute a comprehensive risk-based Audit Plan that enhances enterprise value and is executed in accordance with Internal Audit Methodology. This role has primary responsibility for leadership of the team while partnering with stakeholders to continuously evaluate and recommend opportunities to reduce risk, strengthen the control environment, and introduce operational efficiencies. This role will develop tactical mid- and long-term plans to align with their client’s strategic goals and objectives, and report on opportunities to improve the risk management and control processes to key leaders. This role is also responsible for developing best in class subject matter expertise to offer consultative advice to drive reduction in costs and improve the enterprise and for evaluating the effectiveness of internal controls for their client’s operational, compliance, and financial processes.

Leadership & People Management Provide guidance and management oversight for direct reports on their assigned audits/projects. Plan and set day to day objectives and priorities for direct reports. Responsible for training and development of direct reports as well as all talent and performance management activities. Assess resource requirements, team competencies and skillsets; recruit, develop, and retain a high performing team, including the development of a succession plan.
Client Strategic Alignment & Support Build a successful relationship with client business leadership to provide value-added consultation to influence and strengthen operational efficiencies and effectiveness, promote best practices, provide opportunities for cost savings, and standardization and globalization of processes.
Audit Strategy Bring a systematic, transparent, scalable, and disciplined approach to evaluating and improving, as appropriate, the effectiveness of internal controls, risk management, compliance and governance processes. Lead and coordinate an ongoing risk assessment to support the development of the audit plan; the risk assessment and audit plan will be updated throughout the year in response to business or industry/market developments. Oversee operational, compliance, and financial audits within client group; ensure the issuance of audit reports are done in collaboration with and agreement with process owners on the facts of the audit findings, the risk severity and impact, and timing of remediation; ensure overall audit quality of audit activities and that the Corporate Audit team complies with audit standards. Provide strategic and technical leadership for audit activities and support the senior Corporate Audit leadership in their fulfillment of oversight responsibilities. Provide timely and accurate reporting on control gaps and the status of remediation of audit findings; influence the strengthening of the control environment, governance processes, and risk management practices through audit recommendations and validation of management’s remediation action plans. Promote and ensure the adoption of the use of data analytics in the Corporate Audit function by collaborating with Finance and Information Technology to leverage and align with existing data analytics infrastructure and promote a culture of data-driven audit findings and recommendations.
Audit Team Support & Compliance Meets administrative reporting requirements and supports department initiatives. Demonstrates a commitment to integrity and the company code of conduct, and a respect for diversity and inclusion. Contribute to overall Corporate Audit Department team norms to promote a positive environment and improve team effectiveness. Provide leadership and guidance to ensure client’s continued compliance with CMS, federal, state and contractual requirements. Assess the design of compliance related controls, keep abreast with new regulatory or processes changes from system implementations or business model transformation. Ensure timely and accurate execution of regulatory compliance testing; ensure that key controls are correctly and adequately identified, designed, documented and performed with the right level of frequency. Ensure the results and status of regulatory compliance testing is communicated to PBM Operations leadership accurately and timely. Drive strategic thinking and decision making to ensure that client leadership is proactively addressing and anticipating issues; promote appropriate risk management awareness and risk mitigation. Ensure the overall quality and fact-driven insights of the consulting or business advisory engagements performed by the Corporate Audit function. Actively support a culture of transformation and anticipate the changes required in control processes and risk management practices to match business model and market transformation. Demonstrate a willingness, to be a part of initiatives outside of Corporate Audit (which do not jeopardize independence in areas under audit) to become a trusted advisor and strategic leader for the organization.

Minimum 10 years prior experience in a relevant accounting or auditing role, including technical business report writing.
Ability to travel up to 10%.

Professional designations such as CPA, CIA, CISA, etc., or measured progress in achieving such designations.
Prior experience in a leadership role with a proven track record of engaging, managing, and motivating multi-level teams.
Experience with preparing and/or participating in executive and/or audit committee presentations.
Strong analytical, deductive, problem solving, and critical thinking skills.
Good teamwork and collaboration skills.
Solid meeting management and oral/written communication skills.

Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.
For more information, visit https://jobs.cvshealth.com/us/en/benefits

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