Senior Internal Audit Associate (Hybrid in Troy, MI) - Health Alliance Plan

GENERAL SUMMARY:
Internal Audit is committed to helping HAP achieve its full potential in transforming patient's lives by minimizing overall company risk. We pride ourselves in being objective and independent of the areas we assess, while maintaining our commitment to advance the organization. We provide independent assurance to the board of directors and management. Our disciplined approach evaluates the effectiveness of HAP's risk management, control, and governance processes. We also assist with proactive advisory projects. An open and transparent partnership helps us develop the appropriate context and understanding of the issues at hand, minimize surprises, and drive greater value in the outcomes.

In carrying out our mission, we pledge to:

• Be a trusted partner

• Lead with integrity & enthusiasm

• Focus on what matters

• Share industry practices

As part of our mission, we also aim to provide valuable business insights (covering governance, risk, and control, and beyond), using data analytics to identify potential indicators for non-compliance, fraud, waste, and abuse. This role supports the Corporate Integrity Officer, and the Sr. Associate will be instrumental in building a first-class internal audit function, a function that provides both assurance and advisory services regarding HAP's governance, risk, and control effectiveness, as well as a function that generates actionable business insights. This role partners with other members of the Internal Audit team and is responsible for performing audits to evaluate the design and effectiveness of internal controls, to identify instances of non-compliance, ineffective or inefficient operations, potential fraud, waste, and abuse. In carrying out this role, you must demonstrate good business acumen and robust experience with assessing risk and conducting internal audits. You serve as a trusted partner to the business, continually staying abreast of enterprise-wide initiatives and functional strategies, to ultimately ensure that the Internal Audit portfolio of audits is aligned with key business risks.

PRINCIPLE DUTIES AND RESPONSIBILITIES:

• Participate in audit scoping discussions with cross-functional teams (e.g., Finance, Operations, IT) and Audit Leadership to understand relevant risk, controls, and associated data sources supporting audit areas.
• Design and implement data analytics procedures that support audit scoping activities.
• Coordinate with external subject matter experts, as appropriate.
• Identifies and collects applicable data to support audit testing from available sources (internal systems, interviews, external benchmarks).
• Creates the initial audit testing workbook and collects relevant data / system reports, and/or other to support detailed analysis of control effectiveness.
• Analyzes large datasets to identify patterns, outliers, and potential issues related to internal policies and business processes.
• Documents conclusions from testing, including a summary of control effectiveness, and any identified instances of non-compliance / exceptions.
• Communicates results of audit testing with the Audit Leadership and respective auditees to validate the accuracy of findings by confirming no additional data / documents exist that would explain any exceptions identified.
• Manages scope creep and assesses additional testing needs.
• Perform quality self-review for accuracy, clarity, completeness, and adherence to program and audit techniques employed.
• Escalate any critical audit issues appropriate management.
• Communicate issues and root causes with Audit Leadership and management of the area under audit and gain consensus on the path forward.
• Work with Audit Leadership to evaluate risks and exposures and risk-rank issues accordingly.
• Develop high quality deliverable, including sophisticated analysis of risk & exposure.
• Participate in enterprise risk assessment activities, and conduct other audit engagements, including advisory engagements.
• Maintain existing certifications and seek further certification where appropriate.
• Develop and maintain dashboards and reports to monitor operational & other metrics and key risk indicators and support the development of continuous auditing and monitoring tools to proactively detect non-compliance.