Jiwon MAENG
Business Internal Controls Manager
Seoul,Korea
Summary
Experienced, self-motivated, and proactive individual who has been building career and professional expertise in various multi-national companies. Seeking an opportunity to expand and accelerate my career as Assurance Process Owner with proven skills from extensive experiences in ABB.
Overview
16
16
years of professional experience
5
5
years of post-secondary education
2
2
Languages
Work History
Business Internal Controls Manager
ABB, Process Automation Business Area
Seoul, Korea
10.2019 - Current
- Successfully led PA Controls Simplification Project which now have been evolved into different initiatives in "End to End Assurance Blueprint"(e.g. controls placement, controls automation, controls rationalization, etc)
- Supported O2C(Order to Cash) workstream in FTP(Finance Transformation Program) as ARIC(Assurance, Risk, and Internal Controls) SME(Subject Matter Expert)
- Took lead in being the first point of contact in supporting global division specific issues, deficiencies, and remediation action items as Division Speaking Partner as well as Division Internal Controls Lead for Marine and Ports Global Division.
- Successfully managed Risk & Internal Controls tasks as per Annual ARIC Clock in South Korea as Country Internal Controls Manager
Assurance, Risk, and Internal Controls Manager
ABB
Seoul, Korea
10.2017 - 10.2019
- Took lead in "Fix Korea Project" including successful implementation of remediation actions(total 340 remediation items) on deficiencies identified from external/internal audits which resulted in elimination of Material Weakness(2017) and Significant Deficiency(2018)
- Periodically monitored and performed self-assessment over high risk areas and key controls in order to ensure sustainability and stabilization of controls, followed by formal reporting to management on the results and action items
- Launched ERM(Enterprise Risk Management) Program in 2018 by establishing structured risk reporting channel among all Business Units and Group Functions in South Korea
- Participated in ARIC global projects(e.g. Entity Level Controls Improvement, User Access Management control development, IPE/MRC implementation, etc)
- Initiated Process improvement and enhancement in order to improve operational excellence (e.g End to End Process Review & Documentation, Process Automation, Billing Process enhancement, and etc)
DTC(Direct to Consumer) Accounting Manager
NIKE INC.
Seoul, Korea
03.2017 - 10.2017
- Led the project for D.com(digital) platform implementation & migration
- Performed Margin & revenue analysis for DTC stores
- Took lead in Discount & promotion governance for DTC stores
- Performed periodic assessment and review(both operational and fraud risk) over DTC Operation to ensure accuracy and completeness of the revenue & sales data
Compliance & Internal Controls Lead
NIKE INC.
Seoul, Korea
06.2013 - 03.2017
- Conducted risk assessment, identified high risk areas, and set an action plan to build an effective controls environment. Also developed business process workflows and control activities for key controls and perform periodic testing including remediation action items coming from deficiencies/findings
- Updated and monitored GRC tool including development and maintenance of process flowcharts, narratives and RACMs
- Coordinated audit(both external and internal) and completed remediation action items over deficiencies identified
- Performed Quarterly Operational Audit to identify areas in need of operations efficiency and report review results to Management
- Took Lead in Control environment Projects (i.e E-workflow solution, local e-comp system and order approval tool development)
- Implemented monitoring and governance tool in alignment with Anti-bribery and graft act(Kim Young-ran Act) as per local regulation
- Reviewed, supported roll-out, and provided consultation on the company's local policies & procedures
Accounting & Reporting Lead
PHILIP MORRIS INTERNATIONAL
Seoul, Korea
02.2011 - 06.2013
- Acted as guardrail throughout the process of invoice posting till period end reporting ensuring accuracy, alignment with company guidelines, and timeliness
- Prepared statutory reporting (CoA mapping to K-GAAP accounts, US-GAAP conversion, and fluctuation analysis for critical GL Accounts) including assurance over accounting in line with company guidelines utilizing SAP
- Led the end to end process of VAT filing activities including reconciliation of relevant balances and entries to e-tax system and SAP as per local regulation
- Validated and reviewed upon receipt of invoices and match against PR/PO/GR or contract prior to AP posting and payment processing
Internal Controls & Compliance Analyst
NIKE INC
Seoul, Korea
10.2007 - 01.2011
- Conducted risk assessment to identify high risk areas, and set action plans to mitigate the foreseen risk and build an effective controls environment
- Planned key controls and performed testing in accordance with Sarbanes-Oxley Act
- Performed audit on business processes, transactions, flows, primarily based on the risk and management's request
- Led projects to enhance control environment (i.e Global Policies & Procedures Project, e-Purchase Requisition, e-VMM, and Local T&E system establishment)
- Investigated employee fraud or policy violation including official reporting of the results to the management
Finance and Planning Analyst
PHILIP MORRIS INTERNATIONAL
Seoul, Korea
03.2006 - 09.2007
- Supported reporting of Budgets & Forecasts and overall preparation of Management Reporting
- Took lead in vendor compliance management program including vendor screening, registration, evaluation, and due diligence
- Took lead in update and maintenance of company’s policies & procedures in accordance with global instruction
- Performed periodical audit on employees T&E expenditures and AP postings
Junior Analyst
United Bank of Switzerland
Seoul, Korea
10.2005 - 03.2006
- Provided administrative support to senior analysts and department professionals on research with return-on-investment estimations to drive project planning and execution including development of flowcharts and diagrams
Education
Bachelor’s Degree - Business Administration & Management
SOOKMYUNG WOMEN’S UNIVERSITY
Seoul, Korea 03.2001 - 02.2006
Skills
Over 15-year veteran in Compliance, Risk, and Internal Controls area from various multi-national companies
Strong understanding of risk recognition and business operations with solid analytical and problem-solving skillsPersuasive interpersonal skills with effective and efficient communication and negotiation skills
Proficiency over internal controls implementation & development
Strong leadership skills proven from extensive project management experiences
Timeline
Business Internal Controls Manager
ABB, Process Automation Business Area
10.2019 - Current
Assurance, Risk, and Internal Controls Manager
ABB
10.2017 - 10.2019
DTC(Direct to Consumer) Accounting Manager
NIKE INC.
03.2017 - 10.2017
Compliance & Internal Controls Lead
NIKE INC.
06.2013 - 03.2017
Accounting & Reporting Lead
PHILIP MORRIS INTERNATIONAL
02.2011 - 06.2013
Internal Controls & Compliance Analyst
NIKE INC
10.2007 - 01.2011
Finance and Planning Analyst
PHILIP MORRIS INTERNATIONAL
03.2006 - 09.2007
Junior Analyst
United Bank of Switzerland
10.2005 - 03.2006
Bachelor’s Degree - Business Administration & Management
SOOKMYUNG WOMEN’S UNIVERSITY
03.2001 - 02.2006