Senior Internal Controls & Risk Manager

CHANEL is a privately-owned company whose values are grounded in creating the conditions for people to perform at their best and feel fulfilled and confident in their work. We care deeply about our employees and strive to create a safe environment that values people’s humanity and uniqueness so that they are free to bring their full selves to work and to their life’s calling.Inspired by our founder, Gabrielle Chanel, who constantly pushed boundaries in her personal and professional life, there is no one way forward at Chanel. We offer a unique work environment where you are encouraged to better understand the brand, the business, and your motivations, so that together we can unlock the possibility of your growth.At CHANEL, being a purposeful and human-driven employer means being intentional, meaningful and caring in inspiring our people; fostering environments that reflect our strong values; encouraging and enabling inclusion; and investing in work and workplaces that foster collaboration and well-being. This is critical for the long-term success of our business.Job Purpose:With the recent changes to the Korean External Audit Act, CHANEL Korea is required to publicly disclose audited financial statements and adhere to more stringent external audit procedures. As part of these requirements, we must maintain detailed documentation of internal controls for all key processes and conduct structured testing to ensure their effectiveness.Given the significant growth of our business in recent years—reflected in our topline, number of channels, headcount, and Regional/Global interdependencies—it is critical to adopt an Integrated Risk Management approach to minimize risks in this complex environment.The Internal Control and Risk Management Manager will play a crucial role in strengthening the first line of defense for CHANEL Korea. This role involves creating a holistic framework to ensure timely identification of risks and effective mitigation through robust governance. Additionally, the manager will ensure clear documentation of all key internal controls and conduct structured testing to support smooth external audits and promote good business practices.Key Responsibilities:Alignment with Regional ICRM to implement fit for purpose structure and governance in Korea

• Risk Identification and Control Reinforcement of High Risk and Key Focus Areas
• For the high risk areas of each Division, perform process walk through and come up with flowcharts, Risk and Control Matrix and establish controls for unmitigated risks.
• Conduct regular sample review based on identified risks and controls.

Employee Training and Support to enhance their understanding

• Provide basic finance/accounting/procurement/other trainings in cooperation with Market Finance Team and Indirect procurement Team for areas such as payment cut-off process, bidding exception, Cash/Accrual and Matching concept accounting principles.
• Involve early on in key projects, policy establishment such as key vendor contract, construction, etc. to identify risks and put right controls in advance.
• Build continuous networks with operations to facilitate risk reviews before actions are taken

Risk Assessment and Monitoring

• Assess global risks against each Division (with risk assessment criteria) to provide a clear view of key risks.
• Build and maintain a risk dashboard to visualize risks with various dimensions.
• Continuously monitor and reassess risks through regular reviews..

Policy and Procedure Database

• Build and maintain a consolidated database of all local policies and procedures with search functions, version tracking, and ownership.

Documentation of Key Internal Controls

• Responsible for formally map out all the Key Processes, document internal controls (detective, preventive and compensation controls), test them for effectiveness in periodic basis
• Key liaison to Global Internal Audit function for all future audits and timely follow up of past audit action plans for speedy and effective remediation

Process improvement

• Identify inefficiencies, bottlenecks, and gaps in given processes and propose actionable solutions to streamline and improve them. 
• Establish a continuous improvement framework to regularly assess and optimize our procedures, reducing the risk of errors and improving overall operational efficiency. This approach will not only meet the stringent external audit requirements but also support our goal of maintaining robust financial health and transparency
• Standardize and harmonize processes across departments, ensuring consistency and compliance with organizational policies and regulatory requirements
• Collaborate with cross-functional teams, including finance, operations, and IT, to drive process transformation initiatives

Person Specifications:Academic / Professional Qualifications 

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
• CPA, CIA preference
• Experience working with SOX Audits (US SOX, K-SOX) preferred

Work Experience

• At least +10 years relevant work experience

Required Competencies

• Strong analytical and communication skill and with good business sense and acumen.
• Effective in collaborating with others in completing tasks
• Strong critical thinking skills
• Strong stakeholder management
• Ability to work independently and as part of a team.
• Strong analytical and problem-solving skills.
• Strong written and verbal communication skills in Korean and English
• Past external and internal audit experience is a definite plus
• strong written and verbal communication skills in Korean and English
• Past external and internal audit experience is a definite plus

Key Interactions:Internal

• Senior Management both Local and Regional/Global
• Region ICRM and IAD

External

• Auditors, Government authorities