a. Plans and performs complex level financial, operational, basic general IT controls and compliance audits with the objective of assessing compliance with operating policies and procedures, evaluating existing internal controls, and ensuring the use of sound business practices.
b. Assess risk and apply results to the prioritization of audit projects and objectives. Develop audit programs that will effectively test the level of risk that has been addressed with compensating controls within the assigned business area.
c. Coordinates multiple audit projects, including issue identification and coordination of corrective action plans in accordance with regulatory and departmental guidance.
d. Independently identify, evaluate, and provide recommendations for internal control issues and departures from operating procedures and standards to mitigate risks and improve efficiency.
e. Supervises and manages the work of junior level auditors, including review of work papers and development of feedback, coaching comments, and suggestions for performance improvement.
f. Recommends internal controls to be embedded in future processes.
g. Compiles and maintains audit documentation in appropriate files, databases, and systems to support audit work performed, conclusions/issues identified, and recommendations/action plans.
h. Discuss and negotiate audit issues with all levels of management. Leads exit conferences as appropriate and performs necessary follow-up to ensure issues are resolved effectively.
i. Documents audit results in an effective and organized manner consistent with established department standards. Prepare audit reports and memorandums to concisely communicate audit results.
j. Provides assistance to the company's external auditors during their interim and/or yearend audit. Test controls for the WellSOX program as well as the Service Organization Control SOC report to ensure controls are operating effectively.
k. Maintains and continually improves understanding of Wellmark's business and business environment including compliance with laws and regulations, new products and services offered by Wellmark, organizational structure, corporate policies, and Wellmark's strategic direction.
l. Abide by the Standards for the Professional Practice of Internal Auditing and the Code of Ethics.
m. Other duties as assigned.