Risk Management and Internal Control Manager

Key Responsibilities
1. Risk Management
- Develop, implement, and maintain an Enterprise Risk Management (ERM) framework aligned with company strategy and growth plans.
- Identify, assess, and monitor strategic, operational, financial, compliance, and reputational risks, with focus on retail operations and supply chain.
- Maintain and regularly update the Risk Register, including risk ratings, controls, and mitigation plans.
- Facilitate risk assessment workshops with business leaders and ensure ownership of key risks.
- Report key risks, emerging threats, and mitigation status to senior management and the Audit Committee.

2. Internal Control Framework
- Design, implement, and oversee an effective Internal Control Framework covering retail stores, warehouses, e-commerce (if applicable), and head office functions.
- Ensure controls are embedded across critical processes such as sales, cash handling, POS operations, inventory management, procurement, warehousing, and financial reporting.
- Periodically review and enhance controls to address business expansion, new store openings, and process changes.

3. Retail, Inventory & Shrinkage Controls
- Establish strong controls over high-value perfume inventory, including receiving, storage, transfers, promotions, returns, damages, and expiries.
- Monitor and analyze inventory shrinkage, pilferage, and obsolescence; investigate variances and recommend corrective actions.
- Oversee physical stock counts and cycle counts; review discrepancies and ensure timely resolution.

4. Financial & Operational Controls
- Review controls over cash management, discounts, promotions, loyalty programs, and gift schemes.
- Ensure accuracy and integrity of sales data, margins, and cost reporting from POS and ERP systems.
- Support finance teams during month-end and year-end close by validating key financial controls.

5. Compliance & Governance
- Ensure compliance with Kuwait regulatory requirements, company policies, and internal governance standards.
- Support Board and Audit Committee requirements related to risk management and internal control reporting.
- Contribute to the development and maintenance of policies, SOPs, and delegation of authority matrices.

6. Audits & Assurance
- Plan and conduct risk-based internal reviews and control assessments across business units.
Coordinate with external auditors and regulatory reviewers.
- Track audit findings and ensure timely implementation and closure of management action plans.

7. Fraud Prevention & Investigations
- Design and implement fraud risk management and prevention mechanisms.
- Lead investigations into suspected fraud, control breaches, or unethical practices.
- Recommend disciplinary actions and control enhancements based on investigation outcomes.

8. Systems & Process Improvement
- Work closely with IT and operations teams to strengthen controls within ERP, POS, and inventory systems.
- Support system implementations, upgrades, and automation initiatives from a risk and control perspective.
- Drive continuous improvement initiatives to enhance efficiency while maintaining strong controls.

9. Training & Awareness
- Conduct training and awareness sessions on risk management, internal controls, and compliance for store managers and corporate teams.
- Promote a strong risk-aware and control-focused culture across the organization.

Education & Knowledge:
- Bachelor’s degree in accounting, Finance, Business Administration, or related field
- Professional certification (CA, CIA, CRMA, CPA, ACCA, CIMA) preferred
- 7–10+ years of experience in risk management, internal control, or internal audit
- Prior experience in Retail, FMCG, luxury, or beauty/perfume industry is highly desirable

Experience in the GCC / Kuwait market is an advantage

Kindly share your resume by email:
careers@gissah.com