MAIN PURPOSE
Reporting to the Head of ICS(Internal Control and Compliance team). He / she will assist
his / her superior to co-ordinate between the Brands, the CFO, Function Heads to ensure the financial
objectives of Richemont Korea are achieved, to ensure compliance of controls
and procedures is respected in all finance related processes, projects and
initiatives in pursuant with Group Policies and Procedures, and to perform
special reviews as assigned by management.
RESPONSIBILITIES
Internal Controls and Compliance Assurance
To implement ICS program in pursuant
with Group ICS policies and procedures, including:
§ assess process and controls, identify and report control gaps, formulate
and follow up of remediation plans with business users across brands and functions.
§ manage the Group Riskonnect reporting system
to ensure that correct and complete information is documented by control owners,
including control activities, results of control reviews and progress of
remediation plans.
§ extend the control reviews to cover essential processes and flows pertinent
to financial reporting. This will cover identification
of risks and initiation of corrective actions with process owners and relevant
stakeholders in alignment with Group/Regional policies and procedures;
§ initiate regular review with Business/IT Users to ensure user
access profiles to application systems are properly reviewed by the user
departments in pursuant with Group IT Security Requirements, and to ensure that
all valid user profiles are on need basis, profiles with segregation of duties conflicts
are with mitigation controls timely established upon user profiles set up.
§ Coordinate with external auditors on internal control and audit
related issues including K-Sox compliance
Boutique ICS Reviews
To comply with Group
Policies and Procedures for Boutique ICS review of retail front office controls,
including:
§
set up Boutique ICS review plan in accordance with Group
Policies and Procedures in terms of frequency and checking mechanism;
§
design risk-based review plan, frequency, audit
approaches and programs, in additional to Group requirements, by taking into
account controls exercised by local retail finance controls, Brands and other
RSS Functions;
§
organize, perform and monitor the execution of
boutique reviews for timely completion and communication of results and
improvement action plans to stakeholders within Brands and RSS Functions; and
§
quarterly update of review status and results to Local/Regional
Management / Function Heads and update status in Group ICS Riskonnect.
Special Assignments / Management Reviews
§
assist ICS Manager to oversee or maintain the Boutique Operation
Manual to ensure it is properly updated to facilitate effective execution of
Boutique ICS review;
§
plan and perform special
reviews/projects as assigned by management; and
§
maintain Risk Register for
the market with Local Security and report periodically to Local/Regional
Management.
Training and
Development
§
liaise with stakeholders to
manage delivery of Internal Control Compliance training content and
presentation within the market to enhance control awareness; and
§ keep abreast of ICS review methodology, Group / Regional Policies and
Procedures and extend rapport and feedback to Group,
Regional and other market ICS/Internal Audit teams on internal control related
issues
Inventory Controls
To help ICS Manager to ensure correctness of finance inventory records
and the associated controls over safeguarding of inventories are satisfactory,
including:
§
liaise with key
stakeholders (Finance, Brands, Logistics) to set up effective controls to
safeguard company inventory to prevent, detect and rectify inventory risks;
§
ensure adequate controls
over inventory system adjustments (shrinkage, negative stock, code up/down,
etc.), as well as long outstanding stock-in-transit at Month /Year-end closing;
§
oversee warehouse and
boutiques cut-off and stocktake activities; and ensure all discrepancies are
satisfactorily addressed and resolved.
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