Internal control advisor

 Job Purpose:

Contribute to the implementation and maintenance of a robust system of internal control which embraces good governance practices, strong ethics, and the spirit of the SOX Law. Implement CEMEX control policies and procedures that mitigate risk and support effectiveness and efficiency in operations, reliability of financial reporting, compliance with applicable laws and regulations and safeguard assets.

Main Accountabilities

Risk Management:

With the methodological support from the Internal Control Manager, perform a risk assessment to identify relevant risks and assess their impact on achievement of company’s objectives.Assessment includes periodic testing of business units operating controls at the process and sub-process level and evaluation that the effectiveness meets the control objectives as defined by CEMEX Internal Control Guidelines and that the controls are effective in the prevention and detection of errors or fraud.Recommend and communicate improvement actions to process owners ensuring clear understanding and buy in. 

Controls testing / SOX

evaluate design and operating effectiveness of internal controls based on instructions provided by Internal Control HQ in Mexico.In support of documentation efforts, perform and analyze “walkthrough” activities that trace transactions from origination through the company’s information systems until the transaction is reflected in the company’s financial reports.evaluate internal control deficiencies and reporting to assess whether those deficiencies are significant or material and identify if compensating controls exist.Periodically, perform audits of areas that are not covered by SOX scope (defined by Corporate Internal Control) or reviewed by Process Assessment (CX internal audit) to ensure all areas of the business comply with global policies and risks are appropriately controlled. Provide management with a report making recommendations that add value, are cost effective and are feasible to implement to strengthen the control environment.

Follow-up of control deficiencies

Proactively monitor the implementation and ongoing operation of the risk remediation plans, reporting on progress and assessing the impact of these plans in overcoming the deficiencies identified.

Reporting to Central

Monthly reporting to the Internal Control HQ in Mexico regarding remediation status and any major internal control concerns; main interface with Corporate on internal control matters.

Process Improvement

In partnership with process owners, identify unnecessary complexities and redundancies in operating and financial controls to improve efficiency and effectiveness, thereby eliminating unnecessary risks and costs.

Job Scope:

Provide advice as a result of ad hoc requests from various stakeholders (apply sound judgement when to seek advice from direct manager and more senior peers).Conclusion on design and operational effectiveness of internal controls, and recommendation of risk remediation plans.Ability to inquire about anything (even without specific request from local management or Central) to verify compliance based on personal judgement and own risk assessment.Support process owners by providing an internal control view on problems areas facing the business on an ad hoc basis.Ability to question rationale of Corporate control guidance to improve the overall Global documentation and strengthen CEMEX control environment.Ability to draft policy and implementation

Qualification

Bachelor degree (accounting, economic, finance)ACCA/CIMA/IIA qualified or equivalent (highly preferred)Communication skillConfidence to communicate with different levelGood at word, excel and SAP (not a must but desirable)Master English and local language