Risk Advisor

Job Description

We are looking for a Risk Advisor to join our already skilled team. You will be a trusted member of a high energy, tight-knit, creative team. We want people who have a real passion for what they do and will apply it to our high-performance culture.

As a Risk Advisor - Financial Audit and Model Audit Rule you will plan, coordinate, and conduct financial audits and management’s assessment of internal controls over financial reporting, as prescribed under Section 17 of the Model Audit Rule (MAR). Additionally, you will provide internal controls advice, training, and subject matter expertise to business units and project teams across the company, in addition to other special projects as assigned. You can take pride in knowing your work has a positive impact on the people of North Carolina. If you are ready to make a career that makes a difference, then you are the person for this team.

Note: The Model Audit rule is the National Association of Insurance Commissioners’ (NAIC) equivalent regulation to the Sarbanes-Oxley Act (SOX). Professionals with SOX risk assessment, planning, testing, and deficiency evaluation skills will not find significant differences working with the MAR requirements.

• Plan and execute financial audits and report the results.
• Support the internal control evaluation lifecycle by assisting process owners in identifying controls, documenting process flows, making links to systems, designing control methods, testing implemented controls, and remediating issues.
• Assist process owners, project teams, and subject matter experts with documenting new business processes and applicable risks and controls.
• Document key business processes in partnership with process owners and subject matter experts.
• Provide training and guidance and lead management in the efforts of designing and implementing tests of financial, application, and ITGC controls, demonstrating the adequacy of internal controls and monitoring overall compliance with MAR.
• Clearly and concisely document work performed and ensure conformance with applicable standards, budgets, and time schedules.
• Identify and assess control deficiencies and collaborate with process owners to develop effective remediation plans to strengthen controls.

Hiring Requirements

• Bachelor's degree or advanced degree (where required)
• 3+ years of experience in related field.
• In lieu of degree, 5+ years of experience in related field.

Hiring Preferences

• Big 4 experience or equivalent
• Professional Certification: at least one of the following certifications: CPA, CIA, or CISA.
• Experience in planning and executing financial audits and reporting the results.
• Experience in developing, assessing process documentation, performing process walkthroughs, financial risk and controls assessment, risk and controls consulting, and key controls testing.
• Knowledge of internal control concepts and business/financial/IT processes.
• Familiarity with process diagramming tools, such as Microsoft Visio.
• Strong influencing and consultative skills and the ability to proactively identify and resolve issues and opportunities.
• Strong organizational skills which allow simultaneous completion of tasks and duties while maintaining the ability to coach and develop business partners in governance, risk, control, and business continuity concepts.
• Strong presentation skills including excellent oral and written communication skills.
• Excellent PC skills (e.g., Microsoft Word, Excel, and PowerPoint).
• Provide consultation to process owners on appropriate identification, documentation, and testing of key controls.
• Collaborate with and aid external auditors.
• Collect, analyze, test, and interpret information to assess and conclude on each control testing requirement. For controls failing testing, identifying the financial risk and develop an appropriate corrective action for management to implement.
• Support compliance efforts related to both internal and external requirements.
• Develop, maintain, and improve Financial Audit and MAR policies, methodologies, tools, and templates.
• Review and assess vendors’ System and Organization Controls 1 (SOC1) reports and document the results.

Salary Range

At Blue Cross NC, we take great pride in a fair and equitable compensation package that reflects market-price and our starting salaries are typically planned near the middle of the range listed. Compensation decisions are driven by factors including experience and training, specialized skill sets,  licensure and certifications and other business and organizational needs. Our base salary is part of a robust Total Rewards package that includes an Annual Incentive Bonus*, 401(k) with employer match, Paid Time Off (PTO), and competitive health benefits and wellness programs. 

*Based on annual corporate goal achievement and individual performance.
 

$61,900.00 - $99,000.00