The BASF Shared Services Center Kuala Lumpur was established in 2005. Located in Kuala Lumpur, it has approximately 700 employees and provides functional services in the areas of Finance, Controlling, Information Services, Human Resources, Environment, Health & Safety, Procurement, and Import-Export Order Management to BASF companies and affiliates in 17 markets across Asia Pacific. BASF also has three other Shared Service Centers that cover Europe and the Americas, located in Berlin and Ludwigshafen, Germany, and Montevideo, Uruguay.
Objectives of the Position
Corporate Audit supports the BASF Board of Executive Directors in its responsibility to perform supervisory, steering and control activities. It is an integral part of BASF's internal control and risk management system. It has teams spread over 3 continents of the globe. This position will be a part of the Asia-Pacific hub of the global Corporate Audit function.
Leadership role: Provide mentorship to new/existing auditors based in Kuala Lumpur, set clear targets for team members with proper guidance to achieve them and together with the Director, Corporate Audit, Asia Pacific hub, identify and plan for development measures and training for team members
Ensure knowledge sharing within and between the various COA teams.
Perform audits in accordance with COA (Corporate Audit) rules and guidelines.
Diligently assess the effectiveness and efficiency of internal controls in daily processes as well as compliance with national laws and corporate guidelines during audits.
Actively communicate / collaborate with Capability Owners.
Be regional subject matter expert for specific audit topic / risk aspect, subject to area of interest / expertise.
Develop the audit plan and define its scope, objective and duration.
Inform relevant persons and then secure appropriate authorization if necessary.
To undertake pre-field work with required background research and analysis including download & analysis of the correct data (where applicable requesting support with SDA, Structured Data Analysis), scheduling interviews with the relevant persons and seeking the relevant guidelines, policies / procedures required for the audit scope / objectives.
Assess if internal controls in daily processes and systems are effective and efficient so that they achieve their goals
Assess that daily processes comply with relevant BASF group guidelines and national regulations
Provide constructive and innovative recommendation
Conduct ad hoc projects and reviews
Properly document audit findings and maintain quality work papers for reference
Keep relevant persons informed of the audit status
Prepare a report of audit findings and review all audit points with relevant persons prior to final wrap-up
Share and advise Lead auditor and/or Director, Corporate Audit, Asia Pacific hub on issues observed during fieldwork for discussion and on-the-job training
Conduct wrap up meetings and inform management of audit findings
Express clear opinions on the state of internal controls to relevant levels of management
Prepare reports for review and coordinate report distribution with Director, Corporate Audit, Asia Pacific hub and submit to COA for finalization.
Ensure follow-up and concluding the audit program. To ensure proactive follow-up on recommendations before the due date and closing out the audit in Auto-audit.
Mandatory criteria: professional certification - CIA and Chartered Accountant (MIA, ACCA, CPA, CA, CICPA)
Preferably having professional certifications such as CRMA (Certification in Risk Management), CFE (Certified Fraud Examiner)
8-12 years of Internal Audit experience
Experience in working on international assignment and working in diverse culture of team members.
Exposure to industries that are manufacturing based will be critical for the success of this role.
ERP experience (SAP preferred)
Knowledge of audit tools and systems. Ideally, capable of using data analytics to gain insight into transactions.
Audit fieldwork requires travel up to 3 - 4 weeks at sites / locations.
Travel requirement would be 60%, approx. 6 to 7 audits per annum with fieldwork for each audit 3 to 4 weeks
Fluent in spoken and written English is a must. Mandarin spoken and written is an added advantage.
Excellent communication skills. Possess the right confidence and competence to communicate effectively with senior management.
Abreast of leading practices in internal audit.
Strong analytical skills and willingness to learn new concepts and methods.
Reliable when working independently with sound judgement for when to escalate issues.