Job Description

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Accept ClosePress Tab to Move to Skip to Content LinkSearch by KeywordSearch by LocationSearch by KeywordSearch by LocationLoading...Team:LocationType:Grade:Create Alertxc3x97Select how often (in days) to receive an alert:StartPlease wait...Senior Manager Internal Controls Profit Protection - SEAPurpose & Overall Relevance for the Organisation:This position is responsible for risk management and internal control in South East Asia providing oversight and support 6 entities/locations (Singapore, Thailand, Vietnam, Philippines, Indonesia, Maylasia). This includes assurance and compliance audits of prioritised back-office functions dependant on requirements by local SLT across the locations and EM IC & PP Director. Ability to build a general understanding of risk management principles, control environment best practices required for improvements and risk mitigation across the SEA cluster, ensuring fraud prevention and good corporate governance through highly proactive engagement with business partners.In this role, the primary objectives are establishing a strong representation of internal control and profit protection strategic planning and execution, expanding progress on maturing control environment relating to key areas of risks assessed across SEA. Activating and leading resources to drive delivery and operational execution and reporting on deliverables and progress improvements. Ensuring the protection of company assets; ensure effectiveness and efficiency of operations, reliability of financial reporting and compliance with applicable laws and regulations.Risk management and Compliance are other focus areas of this position which aims to support the achievement of qualitative and sustainable growth through good corporate governance practices and the avoidance of financial losses or damages caused by non-compliant behaviour and management of all types of risk to levels that are in line with markets risk appetite.Additionally, the position is integral to the on-going success and improvement of commercial and support functions operations by objectively auditing and reporting to Senior Management. Ensuring compliance with legislative frame works e.g. safety and security and compliance with agreed operational best practices. Identification, quantification, and communication of risk followed by implementation of strategies to reduce risk via process improvement, training, awareness and where needed the investigation and apprehension of internal or external offenders.Key Responsibilities:

• Internal Control

• Oversee the improvement efforts of the internal controls position by ensuring compliance with established global and local policies, processes, and internal control frameworks.
• Proactively measure and analyse current business processes with local management to identify opportunities and address areas of risk
• Reduce and mitigate risk with the implementation of comprehensive risk reduction strategies and countermeasures.
• Redesign processes to meet the needs of a complex and growing business, driving a harmonized approach in line with global expectations.
• Work in close relation with market and local management team to review, improve, document, automate and harmonize processes
• Act as a consultant to the local business partners, supporting and guiding them on any compliance matters.
• Ensure compliance with applicable external and internal regulations as well as the established Group Internal Control frameworks and Group / Market / Brand best practices and established policies.
• Support all Internal audit initiatives across SEA
• Develop, support and lead initiatives focused on improving the efficiency, transparency, and effectiveness of SEA business processes.
• Immediate communication of major control deficiencies to local senior management and global HQ
• Oversee the timely coordination of local quarterly Representation letter process
• Participation in the global ICS network
• Prepare an annual Risk & Internal Control Plan (RICP) in line with review and approval by the Director Internal Control & Profit Protection and alignment with local Finance Director
• Coordinate the end to end execution of the RICP as planned and maintain effective communication with the Director IC&PP on RIC issues and progress of field work
• Agree action plan, deadlines and responsibilities with department Heads & ensure timely implementation of RIC recommendations reported and presented to control owners and senior management.
• Oversee the timely and accurate execution of the Internal Controls Testing Phases (or self-assessment), ensure proper documentation of test results, agree, communicate, and oversee action plans, deadlines, and responsibilities.
• Coordinate the timely and continuous action plan follow-up with control owners
• Present and contribute as required in Management meetings, Finance & Functional Updates, Quarterly Commercial Compliance meetings, Bi-Annual Audit Risk & Compliance Committee meetings
• Drive and proactively support Emerging Market cross-countries initiatives, in line with the Market priorities and EM IC & PP team objectives
• Responsibility for preparation and leading Corporate Internal Audits planned for the market
• Timely resolution of all audit/Internal Control findings as identified by Corporate Internal Audit and Group Internal Control

• Risk Management

• As the Risk Coordinator, maintain the country's risk register in line with Group Risk Management guidelines & requirements
• Actively build and incorporate areas of risk and priorities across SEA locations into objectives for planning and review.
• Ultimately responsible for developing and implementing risk mitigating actions within area by thoroughly understanding the cause and effect of each risk.
• Identify and evaluate current controls and other already implemented mitigating measures.
• Consider and evaluate the implementation of additional risk mitigating measures (planned mitigating actions) taking into account the cost/benefit relation.
• Continuously monitor existing and potential risk areas and verifying the adequacy and effectiveness of the handling strategy and/or implemented mitigating actions.

• Compliance

• Raise awareness / maintain knowledge of the Global Policy Manual on local level including an understanding of emerging developments and addressing of recommended policy changes from Global Policy Management (GPM).
• Advise and consult on Group Policy changes impacting local functions and ensure local policy and practices are revised frequently and as required by Group or Local guidance's.
• Design, development, implementation and regular update of local policies, procedures, and related internal controls, based on best practices and global & local requirements
• Support business partners in identifying, analysing, evaluating and managing compliance risks and if applicable, required to be disclosed in bi-annual risk reporting
• Coordinate the execution of both Emerging Markets and Group Policies & Internal Controls initiatives (e.g. Annual ICS testing, UAR, EM IC & PP Strategic Objectives)
• Support compliance investigations conducted by the EM Regional Compliance Officer, Legal Director and address fraudulent/risk related control remediations with urgency as per recommendations.
• Serve as an independent contact for any employee wishing to report a suspected or detected compliance violation for escalation to EM Regional Compliance Officer, Legal Director and Director IC & PP.

• Profit Protection

• To review, assess and identify risk within the Retail Environment (DTC) proactively and continuously.
• Reduce and mitigate Retail risk with the implementation of comprehensive risk reduction strategies and countermeasures.
• Conduct Retail store compliance audits to ensure adherence/compliance to defined controls, policies, and procedures (HoR, Inventory Control, CIA). To analyze, report findings, and ensure remediating action plans are followed by Retail Management.
• Review and monitor Retail data affecting the P&L of Retail stores (DTC) in order to develop and recommend comprehensive countermeasures to minimize losses.
• Conduct Retail investigations in accordance with relevant professional standards, legal requirements and internal policies and procedures, and complete timely reports / findings to the relevant stakeholders.
• Perform data analysis of high-risk transactions to identify exceptions and fraud indicators and initiate reviews / investigations / management reporting.

Key Relationships:

• General Manager/Country Leaders, SEA Hub SLT & support functions, SEA & Country Finance Directors, Sr. Retail Director, Commercial & Channel Directors, Local SEA SLT and related support functions, Legal, Compliance Officers, HR, NTP, Brand, SCM, etc.

Knowledge, Skills and Abilities:

• Ability to effectively present information and respond to questions from senior executives, stakeholders, and cross functional business leaders
• Strong analytical & communication skills.
• Strong project management and process management skills
• Ability to work to strict deadlines to achieve audit program targets
• Strong auditing, internal controls, and process improvement skills
• Must be able to balance multiple priorities, be detail and results oriented
• Must be extremely proactive, have strong initiative and be self-motivated.
• Demonstrate a digital mindset and the ability to use different resources and digital tool to drive automatization and standardization
• Good understanding of Retail structures and processes
• English: Intermediate to Fluent

Requisite Education and Experience / Minimum Qualifications:

• Accounting / auditing qualification preferred
• 8-10 years' experience in Accounting, Internal Audit, or Internal Controls
• International and or multinational experience, SEA experience
• Knowledge in ERP systems such as SAP preferred

Experience within Retail Industry recommended. Ideally in apparel/fashion/shoesAT ADIDAS WE HAVE A WINNING CULTURE. BUT TO WIN, PHYSICAL POWER IS NOT ENOUGH. JUST LIKE ATHLETES OUR EMPLOYEES NEED MENTAL STRENGTH IN THEIR GAME. WE FOSTER THE ATHLETE'S MINDSET THROUGH A SET OF BEHAVIORS THAT WE WANT TO ENABLE AND DEVELOP IN OUR PEOPLE AND THAT ARE AT THE CORE OF OUR UNIQUE COMPANY CULTURE: THIS IS HOW WE WIN WHILE PLAYING FAIR.

• COURAGE: Speak up when you see an opportunity; step up when you see a need..
• OWNERSHIP: Pick up the ball. Be proactive, take responsibility and follow-through.
• INNOVATION: Elevate to win. Be curious, test and learn new and better ways of doing things.
• TEAMPLAY: Win together. Work collaboratively and cultivate a shared mindset.
• INTEGRITY: Play by the rules. Hold yourself and others accountable to our company's standards.
• RESPECT: Value all players. Display empathy, be inclusive and show dignity to all.

adidas celebrates diversity, supports inclusiveness and encourages individual expression in our workplace. We do not tolerate the harassment or discrimination toward any of our applicants or employees. We are an Equal Opportunity Employer.Job Title: Senior Manager Internal Controls Profit Protection - SEABrand:Location: SingaporeTEAM: FinanceState: SingCountry/Region: SGContract Type: Full timeNumber: 523637Date: Feb 5, 2025Find similar jobs:THROUGH SPORT, WE HAVE THE POWER TO CHANGE LIVES. xc2xa9 2020 adidas. All Rights Reserved.

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