Ensure implementation of GCS through COSO / GCS framework at Pakistan BU for effective, efficient and risk based system of internal controls.
Collaborate with cross functional heads and site Controllers in risk assessments, designing and implementing business control activities, effective monitoring through periodic testing and other monitoring activities in a well-controlled environment.
Development of cost effective remediation plans for gaps identified through internal reviews / corporate audit and follow up for timely remediation.
Deliver trainings on GCS to enhance proportionate ownership and share best practices. BU ICM will be responsible for ensuring GCS implementation covering all processes in Beverages & Snacks.
Drive GCS agenda
Conduct workshops with business to understand process flows for core processes, identifying key financial, IT, operational and compliance risks and assess the adequacy and effectiveness of controls in place to mitigate risk.
Conduct risk assessment workshops to help senior management, process and control owners to identify entity level and business process level financial, operational, IT and compliance risks
Support process and control owners in designing and implementing control activities to effectively mitigate the routine risks (including IT and Fraud) and non-routine risks (DRP, BCP etc)
Ensure compliance with detailed GCS attributes, company policies and procedures
Ensure control documentation including detailed process flowcharts, test scripts and risk control matrices (RCMs are appropriate and complete.
Develop quarterly testing plans in line with Sector timelines and ensure timely completion of self-testing by MUs as per plan
Ensure timely and accurate reporting of testing results to Management
Perform annual independent testing of key controls and validate CCSA
Develop GCS roadmap to achieve higher levels of GCS maturity
Work closely with business to develop remediation plans for reported gaps / deficiencies (self-testing, independent testing and corporate audit issues)
Identify and implement opportunities on an ongoing basis to improve the efficiency and effectiveness of internal controls (automated vs manual controls)
Share best practices and standardize processes across all functions
Reliability of Financial Reporting :
Ensure reliability of financial reporting by drawing and implementing processes that covers :
maintenance of records in reasonable detail to accurately and fairly reflect business transactions
provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements and are only made in accordance with approved Schedule of Authority (SOA)
provide reasonable assurance as to safeguard of company assets and prevention of fraud
ensure ITGC controls are in placed to process transactions and generating reports
Capability building :
Provide trainings across functions to increase GCS understanding, control consciousness and proportionate ownership of process and control owners
Responsible for managing the risk to the organization, its employees, facilities & reputation. Routinely identify measure and proactively address factors (e.
g., people, process, technology, customers, suppliers, consumers, competition and controls) that may impact the achievement of business process objectives and AOP / SBP.
Qualifications / Requirements
Qualified Chartered Accountant (CA)
Chartered Accountants Articles from Big four firm 7+ years of post-qualification experience in finance function of a reputable organization with preferably 3-5 years in internal audit / internal controls.