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Martin Jung

Vice President - Internal Audit and Enterprise Risk Management at Premera Blue Cross

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Do you trust the data & reports from the big analysts?

Strategy & Architecture

Yes

Sometimes

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111.2k views126 Upvotes59 Comments

Are you happy in your current role?

People & Leadership Talent Management & Performance

Yes

Unsure

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32k views18 Upvotes16 Comments

What percent of your IT leadership is women?

People & Leadership

5-9

10-14

15-20

20+

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10k views7 Upvotes6 Comments

Have chatbot projects meaningfully impacted your revenue or cost?

Bots

Yes

Too early to tell

Haven't invested

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7.6k views2 Upvotes2 Comments

Thinking about your organization as a whole, what would you say are its top business objectives for the next two years?

Strategy & Architecture

Growth / market share

Digital business / digital transformation

Profit improvement

Innovation / new products

Customer focus

Corporate M&A

Technology Improvements

Cost Optimization

Operations improvement

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7.5k views4 Upvotes

Which browser do you use at work?

Applications & Platforms

Internet Explorer

Microsoft Edge

Google Chrome

Mozilla Firefox

Safari

Brave

Other

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13.5k views3 Upvotes7 Comments

Do you have remote employees on your team?

Talent Management & Performance

Yes

16.4k views7 Upvotes7 Comments

How many direct reports away from the CEO is the senior-most security executive?

Security & GRC Team & Organizational Design

Direct report

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12.6k views3 Upvotes6 Comments

Which of these teams in your organization has the largest budget?

People & Leadership Strategy & Architecture Financial Management

Technology

Marketing

Operations

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10.8k views4 Upvotes1 Comment

How long have you been in your current position?

People & Leadership Talent Management & Performance

<1 year

1 - 2 years

2 - 3 years

3 - 5 years

5+ years

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9.6k views2 Upvotes3 Comments

Who has travel guidelines for executives? Who can and can not travel together, what percentage of the ELT or BOD can travel together, how many people in one department to travel together, etc.

Peer Insights Relationship Management People & Leadership

Martin JungVice President - Internal Audit and Enterprise Risk Management at Premera Blue Cross in Healthcare and Biotecha month ago

As an organization, we have a relatively low amount of travel, but do have the following executive specific guidelines in place:

* Max of CEO + 2 EVPs traveling on same flight.
* Max of 3 EVPs traveling on same ...read more

2 1 Reply

488 views1 Upvote2 Comments

Where does the Business Continuity Management team sit within your organization? Is it acceptable for it to sit under the Chief Audit Executive's org?

Martin JungVice President - Internal Audit and Enterprise Risk Management at Premera Blue Cross in Healthcare and Biotech2 months ago

Business Continuity sits with IT in our current org, but is realistically everybody's responsibility. IT often inherits it because so many key processes depend on technology, but it is still a joint effort. Having it roll ...read more

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514 views2 Comments

Historically, we’ve had managers approve ‘timesheets’ for exempt employees each period in our human capital management system, in addition to non-exempt employees. HR has recently been getting pushback on the exempt employee process (generally intended for managers to verify both associates and any leave taken so that the paid time off liability is accrued correctly and that any employees leaving the company don’t get overpaid). The pushback is related to whether that’s even a material risk or whether other companies have implemented a more automated way to do this. Can you weigh in on how your company handles time approval for exempt employees or what you’ve seen at other mid to large size companies as we work to ensure our controls are relevant?

Martin JungVice President - Internal Audit and Enterprise Risk Management at Premera Blue Cross in Healthcare and Biotech3 months ago

We do not require review and approval of timesheets for non-exempt employees. While there is some risk of intentional or unintentional failure to capture time off correctly, for us the exposure is deemed immaterial given ...read more

366 views1 Comment

Who in your organization writes the "Management's Report of Internal Controls over Financial Reporting", the Internal Audit Department, Financial Reporting Department, Accounting Department, etc.?

Martin JungVice President - Internal Audit and Enterprise Risk Management at Premera Blue Cross in Healthcare and Biotech4 months ago

At our organization, Internal Audit drafts the report on behalf of management and then reviews with successive layers of management, who are ultimately the signees. We have discussed having the business take ownership but ...read more

1 1 Reply

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488 views2 Upvotes6 Comments

To comply with the new Global Internal Audit Standard. What should be the starting point? Do we begin with the gap assessment and then proceed with the other activities? At my department, we have also started with updating the Audit Manual to reflect the new audit standard requirement.

Martin JungVice President - Internal Audit and Enterprise Risk Management at Premera Blue Cross in Healthcare and Biotech4 months ago

This is a good question as I think a lot of people are wondering the same thing. I'm starting with the Charter as the foundational document and will move to the gap assessment.

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268 views1 Upvote2 Comments

We are a small internal audit team - 10 resources and need an interim time recording tool to track and report on actual and estimated time for audit by audit phase. We are considering an excel Option or similar. Our separate HR system tracks time for salary. Are there any teams who are using this type of tool? Or know of any available options?

Martin JungVice President - Internal Audit and Enterprise Risk Management at Premera Blue Cross in Healthcare and Biotech5 months ago

Project Planning Tools like Microsoft Project etc. may help.

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593 views3 Comments

For a smaller, non-public company in the financial services industry, can the Chief Audit Officer also be the Chief Risk Officer? If so, how do they typically navigate around independence requirements? Is this a common practice?

Finance

Martin JungVice President - Internal Audit and Enterprise Risk Management at Premera Blue Cross in Healthcare and Biotech5 months ago

I have seen this structure in place at organizations of varying sizes, including publicly traded companies. I think the key is for your Board and senior leadership to be comfortable with the structure and the considerations ...read more

2 1 Reply

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865 views1 Upvote5 Comments

As part of the due diligence process for mergers and acquisitions, does the acquiring company typically ask/receive internal audit reports?

Martin JungVice President - Internal Audit and Enterprise Risk Management at Premera Blue Cross in Healthcare and Biotech5 months ago

I have always asked for this as part of the due diligence materials however they have rarely been provided. In some cases, the company being acquired is small and doesn't have an IA function. In other cases, they have viewed ...read more

224 views1 Upvote1 Comment

Do you have a second line of defense team? What frameworks do they cover - SOX only or more? Where does this team report in the organization (i.e. CFO, Accounting, Legal, Chief Compliance Officer, CEO, CAE, etc.)?

Security & GRC

Martin JungVice President - Internal Audit and Enterprise Risk Management at Premera Blue Cross in Healthcare and Biotech6 months ago

Our Ethics & Compliance program reports up to our Chief Compliance Officer, who in turn reports to our Chief Legal and Risk Officer. We also have an IT-centric second line function (reporting to our CISO) that provides security ...read more

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643 views2 Upvotes3 Comments

We will commence a Workday project this year, implementing Core Finance, Projects and Procurement. Can anyone share any advice about finance specific pre-work we can do now to aid the overall success of the implementation? I was thinking about is there value in reviewing Finance processes or will that work be made redundant due to the config phase leading us to standard processes as part of the deployment? Appreciate any and all views!

Martin JungVice President - Internal Audit and Enterprise Risk Management at Premera Blue Cross in Healthcare and Biotech7 months ago

We implemented Workday during 2022 with January 2023 go-live. I think the answer to your question will depend on your organization's approach to the implementation and which, if any, implementation partner/SI you work ...read more

166 views1 Comment

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