Tasks
Position overview
The Manager, Risk Management & Internal Control Effectiveness ensures effective risk management for PCNA via risk assessments, design, implementation and evaluation of controls and placement of appropriate insurance coverage, all in accordance with Porsche strategy. Specifically, ensures each of PCNA’s internal controls, and in particular those over financial reporting, are effective by working cross-functionally to provide guidance for defining and implementing appropriate internal controls. Additionally, develop a plan for periodic testing of internal controls to ensure they are operating effectively and in line with PCNA and Porsche Group requirements. Perform reviews of PCNA compliance with published PCNA and Porsche Group policies and directives and recommend process improvements to the relevant departments. Finally, ensure adequate insurance coverage for Porsche in North America given the relevant company’s risk profiles and recommend improvements to insurance coverage to support Porsche’s strategic objectives in North America.
Roles & responsibilities
- Refine the control descriptions and documentation surrounding PCNA risk and controls, especially for the Accounting-related Internal Control System as part of the Company’s operational risk management strategy.
- Perform periodic tests of operating effectiveness of all defined Accounting related Internal Controls as directed by the ICOFR team and other internal controls as directed by FGR or the PCNA ExCo.
- Prepare thorough documentation of testing, testing results and conclusions/recommendations.
- Gain complete familiarity with published Group policies and directives.
- Review department processes for compliance with Group policies and directives.
- Keep CFO and Management informed of status/results of performed reviews.
- Serve as a liaison to FGV (Head of Insurance), VIB, FGR, FRG, and GI for insurance, risk management, internal controls and internal audit measures.
- Assist in preparing responses including documentation of follow up and resolution of open points to Group Audit, Risk Management and Financial Compliance departments.
- Recommend process improvements to optimize controls and compliance with existing company policies.
- Collaborate effectively across multiple departments and business units to maximize organizational awareness, adherence, understanding, and support for process and testing requirements.
- Facilitate Company’s response to and compliance with the Group-mandated governance, risk and compliance (GRC) processes and reporting.
- Oversee and lead the risk management processes and insurance program of the Company.
- All other duties as assigned.
Qualifications
Education:
- B.S. Or B.B.A. In Accounting or Finance.
- Master’s degree, CPA, and/or CIA preferred.
Experience (Job and Industry):
- 7+ years of increasingly responsible experience in public accounting, accounting and/or internal audit function of a large global corporation.
- SAP experience a plus.
- Experience with Sarbanes Oxley compliant documentation.
Skills
- Excellent written and oral communication.
- Strong time management, a self-starter.
- Good analytical, organizational, collaboration, influencing, and presentation skills.
- Proven experience reviewing, documenting, and identifying process/control weaknesses.
- Solid understanding and experience with internal control frameworks.
- Strong analytical skills includes the ability to spot assess and address risk, materiality and interdependencies and translate it into impact analysis for the financial reporting and provide recommendations for improvement.
- Strong communication skills presenting internal control and risk matters in an understandable way across various forums and levels of the organization with the right level of detail.
- Strong oral and written communication skills, including sound presentation skills.
- Excellent organizational and interpersonal skills.
- Adaptable to working in a fast pace, ever-changing environment.
- Striving for continuous improvement and optimization.
- Ability to work well independently as well as the ability to work with stakeholders
Competencies:
- Leadership
- Customer Focus
- Problem Solving
- Communication
- Professionalism
- Initiative
- Managing Resources
- Teamwork
Physical requirements
- While performing the duties of this job the employee is required to talk, hear, walk, sit, stand, climb stairs on occasion with prolonged periods of sitting at a desk and working on a computer.
- Must be able to lift 15 pounds at times.
- Must be able to effectively work and complete tasks in an open office/noisy environment.
Direct reports