Regional Internal Control Audit Manager

Roles & Responsibilities

Qualification

Education

Language

Work Experience

Requirement

Degree holders preferred in business, finance, accounting, etc.

Ability to speak/write/comprehend business English

Total working experience 8-10 years with min.3years of experience in a Big 4 auditing firm

Strong MS Office Skills is a must (Word, Excel, PPT)

Experience with SAP system

CPA / CIA preferred but not mandatory

Job Description

Background :

In Korea, starting in 2023, the external audit on Internal Control over Financial Reporting (ICFR) at the consolidated level will become mandatory due to the revisions to the External Audit Act and the development of Korean Sarbanes Oxley, which is a close adaptation of US-SOX. To comply with the K-SOX regulation in 2023, SEC's overseas subsidiaries have implemented internal controls with the HQ guidance in 2022. Starting from 2023, the test of the design and operating effectiveness of the implemented ICFR will be conducted. This role is in charge of conducting ICFR tests of overseas subsidiaries and coordinating with external audits in support of testing(~16 subsidiaries)

Role :

· The position is an experienced hire position for a mixture of routine audit reporting and ad-hoc project management duties

· ICFR-related duties :

① Design & Operating Effectiveness Testing of ICFR

- Conduct design/operating effectiveness testing of ICFR, manage test status and validation by RHQ, and report test results to RHQ Head of Mgmt, HQ Internal Control Group for all 13 Subsidiaries under APAC

② Regular Check-ups besides ICFR Testing and Deficiency Remediation

- Report the result of ICFR tests, develop and execute remediation plans for control deficiencies, and determine the adequacy of mitigating controls of RHQ subsidiaries

③ Working with External Auditors

- Coordinate and support external audit process partnering with subsidiaries and the external service provider and play a leading role in ensuring smooth operation of RHQ subsidiaries' ICFR audits

④ Management of Risk Control Matrices (RCM)

- Review subsidiaries' RCM to determine controls that need to remain as key controls, or need to be combined, removed, and/or improved suggestions for improvements to HQ

- Review and approve subsidiaries' proposals of modifying or implementing new control(s) (HQ's consent will be required

⑤ Training

- Provide periodic training to ICFR-related personnel in each subsidiary,

· Risk Management related duties :

- Consolidate and inquire about entities' PIC on exceptions and results noted for monthly, quarterly, and half-yearly reporting. Information under review will include financial reconciliations such as cash, inventories, AR and AP, operational exceptions specific to Samsung operations, and a review of internal policies/standard operating procedures adopted by HQ

- Working with external auditors to coordinate and support external audit processes partnering with subsidiaries and playing a leading role in ensuring the smooth operation of countries reporting to this region

- Navigate through multiple systems as required in performing day-to-day tasks. Download data and share with overseas countries using SAP

- Perform ad-hoc process review on regional Audit projects may be performed remotely or overseas depending on the task

Culture Fit & Behavioral Competencies:

· Able to navigate through Globally Complex Organization. Samsung Electronics organization is large, complex, and fast-moving. The individual must move quickly in this environment while producing great work and building relationships.

· Passion and Energy: Work with passion for ideas and energy

· Intellectual Curiosity/Continuous Learner: Able to learn new approaches and embrace new ideas rather than reverting to the old and proven.

· Strong Personal Communicator: Possesses excellent communication skills; an active listener and presenter who can articulate vision and goals with clarity and passion.

· Global Collaboration: Ability to collaborate effectively across business units, geographies, and cultures. May require frequent business trips and in some cases, extended business trips overseas within South East Asia and Oceania

Tell employers what skills you have

External Audit
Remediation
Risk Control
Risk Management
CPA
Auditing
Internal Controls
Active Listener
Accounting
Audits
Big 4
Articulate
Audit
Electronics
Financial Reporting

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