Reports to
Audit & Project Manager
Responsibilities are mainly ensuring the right level of internal control and driving process improvement within LFCS and L Beauty.
Coordinate Internal Control self-assessment and action plan implementation
- Execute and coordinate yearly LVMH Internal Control self-assessment campaign. Review supporting documents submitted by process owners, challenge declarations/ratings, and perform substantive tests to validate the accuracy of the process owners’ self-assessments.
- Identify main control gaps, formulate pragmatic, practical solutions and recommendations.
- Work with the process owners to design action plans to address the gaps identified effectively. Actively support local teams during implementation phases.
- Follow-up on the action plans and provide a clear picture of the progress and status for clear reporting and/or presenting to Management
Drive processes continuous improvement initiatives and advocate internal control good practices
- Actively participate in drafting, developing, and implementing standard operating procedures to ensure compliance with LVMH policies and local laws (if applicable), strengthen internal controls, and promote standardization of processes.
- Conduct analysis and testing of potential risk areas and provided recommendations to ensure adequate controls were in place to mitigate risks.
- Draft internal control newsletters, assist or conduct trainings/webinars on internal control-related topics and processes, or to introduce new LVMH guidelines or revisions of SOPs.
Lead internal control projects and other initiatives
- Plan and coordinate internal control projects (e.g., Business Continuity Plan, Crisis Management, Anti Money Laundering procedures, etc.). Monitor progress and prepare status reports for Management.
- Actively contribute to process continuous improvement initiatives (e.g., automation of financial processes).
Partner with stakeholders to establish sound practices and effective controls
- Review and improve business process SOPs, ensuring consistency with LVMH Internal Control standards and guidelines, and identify and propose modifications or updates, if needed.
- Provide recommendations on effective and efficient procedures and controls for new business processes.
- Perform routine checks as the independent reviewer of business processes to ensure the continuous operating effectiveness of key controls.
