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Internal Audit Team Leader

Internal Audit Team Leader

Shanghai, CN

Shanghai, CN

Position Snapshot

Position Summary

1) Assist Nestlé in accomplishing its mission and objectives by applying a systematic and disciplined approach to evaluate and improve the effectiveness of the organization’s governance, operations and control processes. In particular, the scope of activities includes the following areas of responsibilities:
• Reliability and integrity of financial and operational information, 
• Safeguarding of assets,
• Effectiveness and efficiency of operations,
• Compliance with Regulations, Company principles and guidelines.
2) Ensure there is appropriate follow-up of audit recommendations.
3) Perform advisory services related to governance, risk management and control (when required)

A day in the life of...

1.Supervise (and perform) internal audit engagements of Nestlé units, e.g. perform the preliminary risk assessment to plan the internal audit engagement(s) (in Stage: Deliver audits, Step: Prepare); review and challenge the evaluation of the design- and operating-effectiveness of controls performed by the Auditor(s), review respective working papers and advise/coach the Auditor(s) as appropriate (in Stage: Deliver audits, Step: Test); review and challenge the observations (and associated risk rating) and the value-added of respective recommendations proposed by the Auditor(s) in the audit report (i.e. recommendations address all identified risks, are comprehensive and pragmatic, and proportionate to the risk(s) and the structure of the unit), advise/coach the Auditor(s) as appropriate and facilitate the closing meeting (in Stage: Deliver audits, Step: Conclude).
The internal audit engagements are delivered in full, in due time and within budget.

2.Perform (i.e. participate, review, challenge and present) the preliminary risk-based assessment to properly plan the internal audit engagement(s), by reviewing different sources of information (e.g. previous audit reports, operational performance reports, KPI's or CSA results) and interviewing key stakeholders (in Stage: Deliver audits, Step: Prepare).

3.Monitor internal audit progress and resolve any issues and conflicts in due time. Stakeholders (e.g. auditees or Audit Manager) are properly managed through active involvement, e.g. consider auditees' concerns on timing and audit scope during the planning stage (in Stage: Plan audits, Step: Communicate); discuss potential audit observations with process owners as soon as a potential exception occurs (if the Audit Team Leader has processes to review), regularly (e.g. daily) discuss audit progress with the Auditor(s), regularly (at least weekly) inform the auditees and the Audit Manager or Senior Audit Team Leader on audit results through clear and concise communication, obtain auditees' commitment on action plans to mitigate the risks identified and timely escalate any issues to the Audit Manager (in Stage: Deliver audits), facilitate constructive discussion and resolve any "surprise" (i.e. conflicting discussion) during the closing meeting (in Stage: Deliver audits, Step: Conclude).

4.Review the Auditors' working papers to ensure that they record relevant information to support their conclusions and engagement results, review the observations (and associated risk rating) and the value-added of respective recommendations proposed by the Auditor(s) in the audit report, and advise/coach the Auditor(s) as appropriate. Evidence the review in the working papers and in the (draft) audit report.

5.Non-Audit Activities: 
Upon Management request, conduct local assistance projects and adhoc reviews tailored to local business needs.  
Please note that:
• These reviews can include fraud investigations, participation in cross-functional projects (including Internal Control support) or specific process reviews, etc.;
• These projects/reviews should not impair the auditors' independence and objectivity in fact or appearance. Thus, auditors (whatever their position) will refrain from performing projects/reviews that may be perceived as circumventing, pre-empting or preparing any other audit engagements or implementing/performing any activity on behalf of the management. 
NB: In principle, no assistance by NIA will be provided to Nestlé units that will be audited by NIA within the following year. In case of potential impairment (i.e. conflict of interest, restriction to access records, personnel, etc.), the details must be disclosed to the Head of NIA as soon as possible.

What will make you successful

Education/Training:
• Completion of university program intended to result in certification (MSc) in Accounting, Auditing, Business Administration, Economics, Engineering,  IT, Mathematics or Law, or MBA;
• Professional auditing certification (preferred), such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Accountant (CA), Certified Fraud Examiner (CFE) and Certified Information Systems Auditor (CISA).

Work Experience:
• 2-4 years of experience in auditing required with international auditing/accounting firm or large Fast Moving Consumer Goods (FMCG) corporation or of operational experience (e.g. in Finance, SC, Sales, Marketing, or Industrial Performance) in large FMCG corporation. Previous Team Lead experience required.
• International exposure (preferred).

Language skills:
• Proficiency in Mandarin and English (written and oral) 
• Additional language Japanese or Korean (preferred)

 

/51 /LP

We are Nestlé, the largest food and beverage company. We are 308,000 employees strong driven by the purpose of enhancing the quality of life and contributing to a healthier future. Our values are rooted in respect: respect for ourselves, respect for others, respect for diversity and respect for our future. With more than CHF 91.4 billion sales in 2018, we have an expansive presence with 413 factories in more than 85 countries. We believe our people are our most important asset, so we'll offer you a dynamic inclusive international working environment with many opportunities across different businesses, functions and geographies, working with diverse teams and cultures. Want to learn more? Visit us at www.nestle.com.

Position Snapshot

Position Summary

1) Assist Nestlé in accomplishing its mission and objectives by applying a systematic and disciplined approach to evaluate and improve the effectiveness of the organization’s governance, operations and control processes. In particular, the scope of activities includes the following areas of responsibilities:
• Reliability and integrity of financial and operational information, 
• Safeguarding of assets,
• Effectiveness and efficiency of operations,
• Compliance with Regulations, Company principles and guidelines.
2) Ensure there is appropriate follow-up of audit recommendations.
3) Perform advisory services related to governance, risk management and control (when required)

A day in the life of...

1.Supervise (and perform) internal audit engagements of Nestlé units, e.g. perform the preliminary risk assessment to plan the internal audit engagement(s) (in Stage: Deliver audits, Step: Prepare); review and challenge the evaluation of the design- and operating-effectiveness of controls performed by the Auditor(s), review respective working papers and advise/coach the Auditor(s) as appropriate (in Stage: Deliver audits, Step: Test); review and challenge the observations (and associated risk rating) and the value-added of respective recommendations proposed by the Auditor(s) in the audit report (i.e. recommendations address all identified risks, are comprehensive and pragmatic, and proportionate to the risk(s) and the structure of the unit), advise/coach the Auditor(s) as appropriate and facilitate the closing meeting (in Stage: Deliver audits, Step: Conclude).
The internal audit engagements are delivered in full, in due time and within budget.

2.Perform (i.e. participate, review, challenge and present) the preliminary risk-based assessment to properly plan the internal audit engagement(s), by reviewing different sources of information (e.g. previous audit reports, operational performance reports, KPI's or CSA results) and interviewing key stakeholders (in Stage: Deliver audits, Step: Prepare).

3.Monitor internal audit progress and resolve any issues and conflicts in due time. Stakeholders (e.g. auditees or Audit Manager) are properly managed through active involvement, e.g. consider auditees' concerns on timing and audit scope during the planning stage (in Stage: Plan audits, Step: Communicate); discuss potential audit observations with process owners as soon as a potential exception occurs (if the Audit Team Leader has processes to review), regularly (e.g. daily) discuss audit progress with the Auditor(s), regularly (at least weekly) inform the auditees and the Audit Manager or Senior Audit Team Leader on audit results through clear and concise communication, obtain auditees' commitment on action plans to mitigate the risks identified and timely escalate any issues to the Audit Manager (in Stage: Deliver audits), facilitate constructive discussion and resolve any "surprise" (i.e. conflicting discussion) during the closing meeting (in Stage: Deliver audits, Step: Conclude).

4.Review the Auditors' working papers to ensure that they record relevant information to support their conclusions and engagement results, review the observations (and associated risk rating) and the value-added of respective recommendations proposed by the Auditor(s) in the audit report, and advise/coach the Auditor(s) as appropriate. Evidence the review in the working papers and in the (draft) audit report.

5.Non-Audit Activities: 
Upon Management request, conduct local assistance projects and adhoc reviews tailored to local business needs.  
Please note that:
• These reviews can include fraud investigations, participation in cross-functional projects (including Internal Control support) or specific process reviews, etc.;
• These projects/reviews should not impair the auditors' independence and objectivity in fact or appearance. Thus, auditors (whatever their position) will refrain from performing projects/reviews that may be perceived as circumventing, pre-empting or preparing any other audit engagements or implementing/performing any activity on behalf of the management. 
NB: In principle, no assistance by NIA will be provided to Nestlé units that will be audited by NIA within the following year. In case of potential impairment (i.e. conflict of interest, restriction to access records, personnel, etc.), the details must be disclosed to the Head of NIA as soon as possible.

What will make you successful

Education/Training:
• Completion of university program intended to result in certification (MSc) in Accounting, Auditing, Business Administration, Economics, Engineering,  IT, Mathematics or Law, or MBA;
• Professional auditing certification (preferred), such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Chartered Accountant (CA), Certified Fraud Examiner (CFE) and Certified Information Systems Auditor (CISA).

Work Experience:
• 2-4 years of experience in auditing required with international auditing/accounting firm or large Fast Moving Consumer Goods (FMCG) corporation or of operational experience (e.g. in Finance, SC, Sales, Marketing, or Industrial Performance) in large FMCG corporation. Previous Team Lead experience required.
• International exposure (preferred).

Language skills:
• Proficiency in Mandarin and English (written and oral) 
• Additional language Japanese or Korean (preferred)

 

/51 /LP

We are Nestlé, the largest food and beverage company. We are 308,000 employees strong driven by the purpose of enhancing the quality of life and contributing to a healthier future. Our values are rooted in respect: respect for ourselves, respect for others, respect for diversity and respect for our future. With more than CHF 91.4 billion sales in 2018, we have an expansive presence with 413 factories in more than 85 countries. We believe our people are our most important asset, so we'll offer you a dynamic inclusive international working environment with many opportunities across different businesses, functions and geographies, working with diverse teams and cultures. Want to learn more? Visit us at www.nestle.com.

Apply now »