Manager Internal Control and Profit ProtectionEMC

Purpose & Overall Relevance For The Organisation

• Position is integral to the on-going focus on the following general core purpose.
• It aims at:
• Strengthen governance and accountability within organisation as a second line of defence while balancing it with operational efficiency. Engage in evaluation and remediation of controls that allow reliable financial reporting and improve operational efficiency.
• Safeguard from theft, dishonesty and prevent misuse of company assets such as cash, inventory etc. Prevent and detect frauds at workplace and retail stores via audits, investigations and continuous monitoring.
• Have a deep dive understanding of business systems and processes to support business with control recommendations. To be successful in this role, you should have a passion for solving complex business process issues and/or process improvement and have a strong understanding of business processes and controls with ability to employ an insights-driven approach to controls assessment.
• Ensuring compliance with applicable external laws and internal regulations as well as the established Group Internal Control frameworks, and Group/Market/Brand best practices and policies.

• Risk And Control Management

• Timely coordination/execution of the ICS / Self Assessment of key controls as well as including the mandatory documentation in TeamMate and heading remediation of all identified control deficiencies in collaboration with local Senior Management.
• To review, assess and identify risk within the business proactively and continuously. Reduce and mitigate risk with the implementation of comprehensive risk reduction strategies and countermeasures.
• Responsibility for the timely resolution of all audit/Internal Control findings as identified by Corporate Internal Audit and Group Internal Control
• Develop and/or maintain the continuous monitoring framework i.e. key risk indicators.
• Identify opportunities and provide solutions for process enhancements (including automation) to drive process efficiency. Execute assigned projects in areas such as process redesign and process harmonization.
• Build a strong internal and external network and contribute to the growth and development. Actively share best practices with and from other markets.
• POLICIES & PROCEDURES AWARENESS AND PROCESSES IMPROVEMENT
• Raise awareness/maintain knowledge of the Global/Market/Local policies and procedures, including regular trainings at local level.
• Design, develop, implement and regular update of local policies (based on global/market policies if existing), procedures and related internal controls, based on best practices and Group requirements.
• Develop, support and lead initiatives/projects focused on improving the efficiency, transparency and effectiveness of business processes.
• Support compliance investigations conducted by the Regional Compliance Officer, Legal Director and address fraudulent/risk related control remediations with urgency as per recommendations.
• REPORTING
• Produce periodic report for audits to give local senior management visibility of the risk, findings and opportunities.
• Immediate communication of major control deficiencies
• Timely coordination support on bi-annual Representation Letter process.
• Participation in the Global/Market ICS network including ICS calls, WebEx sessions, conferences, sharing of best practices.
• PROFIT PROTECTION
• Prepare a risk assessment for retail stores and develop audit plan to evaluate retail controls against standards.
• Continuously monitor high risk transactions in stores and evaluate potential frauds/ abuses
• Act as advisor to retail teams in setting new process and standards
• Ensure that the shrinkage is properly computed, investigated and reported
• Investigation of Internal and External theft and fraud incidents and relevant hotline escalations

Relationship And Performance Management

• Focus on performance through active management and delivery based on KPIs and project schedules.
• Communicate and assertively drive improvements (control and commercially) with local stakeholders
• Develop a strong peer network within the function itself or between functions as needed to drive key processes.
• Business partnering mindset, balanced of good interpersonal and collaboration skills and ability to organize and prioritize.
• KEY RELATIONSHIPS:
• Local: Country Leads, Finance Heads, Heads of Departments and Process Owners.
• Market: EM Hub Internal Control and Profit Protection
• Global Functions: Finance, Corporate Internal Audit, Group Internal Controls, Risk Management, Compliance, Sales Channels (Retail, Wholesale, eCom)
• External auditors.

• Knowledge, Skills And Abilities

• :
• Thorough understanding of internal control and auditing standards
• Strong analytical skills and business acumen
• Fraud investigation, resolution and reporting ability
• Project management skills, including the ability to lead projects or work on several projects simultaneously.
• Competence in influencing and communicating across all organizational levels.
• Proficient spoken and written command of English is a must. Arabic spoken and written skills is a significant advantage
• REQUISITE EDUCATION AND EXPERIENCE / MINIMUM QUALIFICATIONS:
• University degree in Finance and accounting/auditing qualification (e.g. CA, CPA, CIA, CIMA, ACCA) is a Plus
• International experience and track record in similar discipline gained with blue chip companies / internal audit. Related industry experience is strongly preferred.
• Minimum of 5-8 years in audit and/or retail loss prevention/ profit protection role. Additionally, 1-2 years of experience in managing a team is preferred.
• Knowledge of systems such as SAP, Teammate+, Power BI
• Good understanding of COSO frameworks
• Expert Proficiency in MS Office
• AT 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.
• AT ADIDAS, WE STRONGLY BELIEVE THAT EMBEDDING DIVERSITY, EQUITY, AND INCLUSION (DEI) INTO OUR CULTURE AND TALENT PROCESSES GIVES OUR EMPLOYEES A SENSE OF BELONGING AND OUR BRAND A REAL COMPETITIVE ADVANTAGE.
• – CULTURE STARTS WITH PEOPLE, IT STARTS WITH YOU –
• BY RECRUITING TALENT AND DEVELOPING OUR PEOPLE TO REFLECT THE RICH DIVERSITY OF OUR CONSUMERS AND COMMUNITIES, WE FOSTER A CULTURE OF INCLUSION THAT ENGAGES OUR EMPLOYEES AND AUTHENTICALLY CONNECTS OUR BRAND WITH OUR CONSUMERS.

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