Job Description
The Vice President (VP) of Risk Management and Internal Audit will participate as a key member of the Governance, Risk and Compliance (GRC) Leadership Teams working with all levels of Executive Management, reporting to the CFO and the Audit Committee Chair of the Board. Assumes a strategic leadership role in the overall Internal Audit and Risk Management functions of the company.
The VP of RMIA is responsible for the ongoing, company-wide risk identification, assessment and risk remediation processes This includes the continuation of the company’s global risk assessment process which is presented to and approved by the Board of Directors (BOD). This position is a member of the company’s Governance, Risk & Compliance (GRC) Team which includes representation from Compliance. Legal, Security and HR functions and which reports to the CEO/CFO and the BOD.
Based on the company’s assessment of risk, the VP of RMIA will create and execute an annual internal audit plan to validate management’s risk mitigation strategies and HMS’ controls related to operational effectiveness and efficiency. The internal audits will primarily focus upon compliance reviews of business processes, systems and procedures, technology systems and processes, and where required, financial systems and processes in conjunction with the Sarbanes-Oxley, SSAE16, and independent external audits by KPMG.
Where not in conflict with the Risk Management and Audit responsibilities of the position, the VP of RMIA is also responsible for providing consultative value to executive Management on improving the effectiveness and efficiency of business and technology systems and processes.
The VP of RMIA will brief the Audit Committee and Compliance Committees of the BOD on the enterprise Risk Management and Internal Audit programs on a regularly scheduled basis, or as requested by executive Management/Audit Committee/BOD.
Desired Skills & Experience
RISK MANAGEMENT
- Work with the CEO, CFO, Chief Compliance Officer, Chief Security Officer, Legal and other executive leadership to design and execute a sustainable Enterprise Risk Management program that addresses both strategic and operational level risks.
- Take responsibility for coordinating the mitigation of identified enterprise Risks with company Management and staff.
- Work, in conjunction with Management, with customer/client organizations to identify and mitigate risks to the effective and efficient delivery of HMS services to customers/clients.
- Ensure that appropriate Risk Management processes are in place for major company initiatives and projects and participate in the monitoring of identified risks for the initiatives and projects in question.
- Work with all levels of Management and staff within the company to identify operational risks within company processes and systems.
- As requested by Management, take responsibility for leading and coordinating the mitigation of identified operational risks.
- Lead and execute specific Risk Management projects, as requested by executive Management, and provide Risk Management assistance for strategic initiatives (i.e. M&A due diligence, etc.)
- Act as the leading subject matter expert on Risk Management for the company.
INTERNAL AUDIT
- Develop and execute an annual audit plan, based on results from company enterprise and operational Risk assessments.
- Conduct, direct and oversee the performance and quality of specific internal audits, as identified in the annual audit plan.
- Ensures coordination of internal audit activities with the company’s Sarbanes-Oxley testing activities and the auditing activities of the company’s external/independent auditors.
- Manage the company’s SSAE16 audits and the auditing activities of the company’s external/independent auditors
- Perform specific audits as requested by company Management.
KEY DUTIES AND SKILLS:
- 8-15+ years in progressively responsible internal audit and risk management roles with a track record of success in the areas such as, Accounting, Auditing, Planning and Analysis.
- Operational experience is a plus.
- Experience in Big 4 public auditing firm or equivalent is preferred.
- A solid knowledge of technical accounting, controls and business practices, with the ability to scope, plan and execute audit programs and reviews with minimum direction.
- Strong analytical skills and an ability to assess risk, analyze the business and operating impact and identify underlying issues.
- Ability to work effectively across the organization; building and maintain positive productive relationships and being accepted as a business partner.
- Trusted advisor status, displaying a command of financial information and operating metrics, providing strategic thought leadership.
- A strong understanding of the company’s business, industry and markets. Healthcare experience as a financial executive desired.
- Strong strategic insight; ability to engage in meaningful “point and counterpoint” discussions at senior executive level regarding strategic scenarios, options and opportunities.
- Demonstrates the commitment, confidence and sense of urgency necessary to bring diverse constituencies and teams together in pursuit of common business goals.
- Must have god interpersonal skills with ability to deal with ambiguity.
- Must be able to travel as needed.
Company Description
HMS is the nation’s leader in coordination of benefits and program integrity services for healthcare payers. Our mission is to help make the healthcare system work better for everyone.
HMS’s clients include health and human services programs in more than 40 states; commercial programs, including commercial plans, employers, and over 120 Medicaid managed care plans; the Centers for Medicare and Medicaid Services (CMS); and Veterans Administration facilities. As a result of the company’s services, clients recovered more than $2 billion last year, and saved $4 billion dollars more through prevention of erroneous payments.
HMS has more than 2,000 employees in more than 35 offices across the country. HMS is publicly traded on NASDAQ (HMSY).
