CVS Health Internal Audit Department provides high quality services to our internal business partners that consistently meet and exceed their expectations. We collaborate proactively with our business partners to focus on the most important risks/challenges facing the organization, to deliver results that make the most significant contributions, and to provide meaningful insights and solutions. We continuously look for ways to improve our audit processes and leverage technology to provide value in creative ways.
Reporting to the Manager of the Sox and Controls Assurance (SCA) Team, the Senior Consultant of the SCA Team will supervise a team of approximately 2 audit/compliance professionals to perform execution of the company's Sarbanes-Oxley (SOX) regulatory requirements for the related business segments (Corporate, Retail, and PBM), and promote collaboration with our business partners, external auditors, and management. In addition, this role will oversee the project management of the third party assurance providers for the SOC 1 reports utilized by the PBM's clients. The position assists with the annual planning process and supervises the execution of SOC testing for the Corporate, Retail, and PBM business segments. This role will be responsible for continually evaluating and recommending operational and process improvements to our financial compliance processes, and the efficiency and effectiveness of the company's key control structure. Also, the role will have opportunities to collaborate on cross-functional project teams providing value in support of CVS Health achieving its transformational goals.
PRIMARY DUTIES AND RESPONSIBILITIES:
ICFR TESTING EXECUTION
Assists with the annual planning processes including risk assessment, materiality calculations, and account scoping for the Corporate, Retail, and PBM business segments covering approximately $180B in revenue.
Creates enterprise financial compliance program communications, trainings, updates, and reference materials for team members and relevant business partners.
Reviews key controls based on financial compliance program requirements and discusses related testing approaches with Internal Audit management.
Supervises all aspects of fieldwork, audit execution, and drafts related project deliverables.
Confirms potential deficiencies and collaborates proactively with Internal Audit management on next steps.
Monitors organizational changes/trends and recommends innovative solutions to enhance the efficiency and effectiveness of the controls structure to Internal Audit management.
Monitors status of testing to established budgets and provides regular reporting to Internal Audit management.
Develops an in-depth understanding of risk assessment objectives, control design, and financial frameworks for related business segments and explains these concepts to Internal Audit staff.
Works proactively with Internal Audit management to assure financial compliance program is consistent with external audit needs for related business segments.
Assists with the recruitment and development of a high performing, high quality team.
Develops and maintains an infrastructure of audit methodologies, tools, and communication protocols for related business segments.
Assists with the professional development of staff by providing constructive feedback to Internal Audit management and staff. Proactively owns their professional development by actioning feedback and seeking growth opportunities.
Provides on-the-job coaching and training for staff to support continuous improvement and learning. Identifies professional and technical training to stay abreast of industry trends.
Assists with the identification and implementation of various tools, technologies, and innovation in an effort to maximize the efficiency and effectiveness of the Enterprise Financial Compliance team.
Builds strong relationships with business partners to provide value-added consultation to influence and strengthen operational efficiencies and effectiveness, and reduce risks related to material misstatements for related business segments.
Builds trust by encouraging others to contribute and achieve high performance. Demonstrates respect for all members of the team.
Actively supports a culture of transformation and anticipates the changes required in processes and risk management practices for related business segments.
Demonstrates a willingness, to be a part of initiatives outside of Internal Audit (while considering audit's independent function/requirement) to become a trusted advisor for the related business segments.
Certification: Relevant Certificates or Licenses (CPA, CIA, CISA, etc.)
Exhibit a strong understanding of GAAP, SOX, COSO, IT audit concepts, and leading internal audit practices.
Demonstrate working knowledge of business cycles, and understanding of associated key risks and controls.
Relationship building and influencing skills to foster effective working relations across the teams, including functional and divisional leaders.
Demonstrated track record of leading projects, developing audit programs, and implementing proposals.
Willingness to take ownership and dedicate the time and/or resources needed to complete departmental and companywide initiatives.
Demonstrate a confident and well-developed communication style that establishes credibility and facilitates clear understanding of audit issues.
Intellectual curiosity and tenacity: strong ability to learn on the fly to understand and solve complex problems with a collaborative and optimistic attitude.
Analytical rigor: proven capability conducting and managing quantitative analysis with the highest level of attention to detail.
Bachelor's degree in Accounting, Finance, or Management Information Systems (required)
CVS Health, through our unmatched breadth of service offerings, is transforming the delivery of health care services in the U.S. We are an innovative, fast-growing company guided by values that focus on teamwork, integrity and respect for our colleagues and customers. What are we looking for in our colleagues? We seek fresh ideas, new perspectives, a diversity of experiences, and a dedication to service that will help us better meet the needs of the many people and businesses that rely on us each day. As the nation's largest pharmacy health care provider, we offer a wide range of exciting and fulfilling career opportunities across our three business units MinuteClinic, pharmacy benefit management (PBM) and retail pharmacy. Our energetic and service-oriented colleagues work hard every day to make a positive difference in the lives of our customers.
CVS Health is an equal opportunity employer. We do not discriminate in hiring or employment against any individual on the basis of race, ethnicity, ancestry, color, religion, sex/gender (including pregnancy), national origin, sexual orientation, gender identity or expression, physical or mental disability, medical condition, age, veteran status, military status, marital status, genetic information, citizenship status, unemployment status, political affiliation, or on any other basis or characteristic prohibited by applicable federal, state or local law. CVS Health will consider qualified job candidates with criminal histories in a manner consistent with federal, state and local laws. CVS Health will not discharge or in any other manner discriminate against any Colleague or applicant for employment because such Colleague or applicant has inquired about, discussed, or disclosed the compensation of the Colleague or applicant or another Colleague or applicant. Furthermore, we comply with the laws and regulations set forth in the following EEO is the Law Poster: EEO IS THE LAW and EEO IS THE LAW SUPPLEMENT
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