Position Purpose:
Establish a group-wide internal control system and strengthen the design and operation of the system.
Build a foundation for raising awareness of Risk Management and Compliance.
Contribution
An effective team player and lead to ensure the department's purpose and objectives are achieved; Dept's guidelines/Project instructions are executed and complied with, which also includes ensuring group entities are actively and effectively managed and providing effective useful feedback to Dept/Project Leads whenever appropriate as part of the Dept's continuous improvement process. Leadership is to be demonstrated by managing regional compliance work/projects, project members and country team as assigned under this role.
- Provide independent and value-added advice to Business Groups, Functional Units, and APAC MCC Group Operating Entities on Internal Control, Compliance, and RM matters to enhance operations, promote compliance, and effectively manage risks.
- Tailor programs, manage and execute any IC, Compliance and RM related work by actively engaging business groups, function units and group companies, and in accordance to the region's annual plan
- Communicate requirements, progress and results, facilitate 2-way discussions/updates via regular formal and informal meetings with stakeholders and compliance related members from the business groups, function units and group companies
- Take ownership of assigned Project responsibilities and programs which covers the region by ensuring assigned tasks are carried out and providing regular management updates to department leads and superior
- Monitor and track the Department activities and performance in an organised and timely manner
Work closely with team members, including other regional team members to achieve desired results under Our Way
Significant Non-Departmental Internal and External Relationships:
Internal: MCC: Internal Control, CSA, Compliance Division and RM Division/Groups, Regional Internal Control, CSA, Compliance & RM depts in Japan, MCC & APAC BG/FU, APAC Entities
External: Professional services providers (eg big 4 firms, law firms, whistleblow platform vendors), Vendors for translation, printing, courier services etc
Key Responsibilities:
Candidate's main roles: Region's project(s) lead, and country team for selected countries.
Internal Control & Compliance
- Lead/support in internal control and compliance programs and projects.
- Contribute to Internal Control & Compliance initiatives (i.e., performs internal control documentation including business narratives, flowcharts, risk control matrices, followed by controls testing etc).
- Evaluate / design Policies and Procedures, and assist group companies in implementation.
- Lead/support global programs eg. Control Self-Assessment program, Risk Control Matrix, Compliance related activities, etc
- Perform independent and objective reviews and analyses of business processes, IT general controls, policies etc., to improve operations, ensure compliance, and to better manage risks.
- Prepare detailed updates/reports and executive summary for management.
- Address past review issues and support in remediation action plans.
- Organize and conduct internal control/compliance related trainings and communication sessions.
- Address non-compliance, manage fraud issues, and perform investigations.
RM
- Establish, communicate and facilitate the use of appropriate RM methodologies, tools & techniques across the region
- Lead/support in the implementation of the RM policy, framework, system, tools and risk profile/register/reports.
- Assist in the implementation of RM initiatives (eg. monitor KRIs)
- Promote organizational risk awareness culture through communications, workshops, training sessions, and informal/formal engagements, etc.
- Develop monitoring methods to highlight performance of RM Framework; Ensure that a comprehensive and continuous risk identification and improvement process is in place.
- Establish and follow-up an appropriate framework to facilitate collection and analysis of data and information.
Proactively engage the Risk Champions to monitor & report the risks, build tools & processes, drive risk informed decision making and enhance risk informed execution.
Education / Certification
- University Degree in Business Administration, Accounting or Finance.
- Chartered Accountant, CPA, CFE, CIA certifications preferred.
Experience / Skill
- Minimum 20 years experience in internal control and compliance, internal audit, risk management, preferably in the industrial/manufacturing industry and/or Big 4 professional firm
- Excellent communication and facilitation skills.
- Strong project management skills – able to work on multiple projects concurrently
- Excellent skill in analysis and preparation of reports and making presentations to Management.
Knowledge and Technical Skills
- Strong awareness and knowledge in internal controls and governance; Ability to write / revise policies and guidelines and maintain Risk Register.
- Good understanding of the COSO framework
- Proficient in Microsoft Office (Word, Excel, Power Point); Analytics ability using Excel is required
- Fluency in English and Chinese is required as the role involves communication with Chinese-speaking stakeholders and review of compliance-related materials.
- Establish and implement business strategies with a longer-term focus based on the organization's vision
- Set objectives and deliver results
- Be proactive and able to lead & work independently with minimum supervision.
- Possess the ability to lead the region, team and projects, and also be a good team player
- Has a strong presence and is able freely interact with multicultural workforce; and with strong influencing, organization, leadership and negotiating skills.
- Able to oversee and collaborate with stakeholders on investigation matters objectively and calmly
- Analytical skill - Able to effectively analyse significant amount of data information and filter it to key points to help management analyse risks.
- Possess capability to summarise and interpret risk profiles across the group
