Korea Statutory Auditor

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Job Title

Title: Korea Statutory Auditor

Business Unit: Internal Audit

Location: Seoul, Korea

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe, and Asia Pacific.

Job Summary

In this role as a senior leader within Barings Korea, you will have significant exposure to various business areas and direct access to senior leadership, providing an excellent opportunity to influence organizational change. You will act as a Standing Auditor, overseeing and reviewing internal controls and financial reporting in accordance with Korean laws, and reporting directly to the Board of Barings Korea. Key responsibilities include preparing and executing detailed audit programs for global and regional audits, evaluating operational processes and controls, and ensuring compliance with laws, regulations, and company policies. You will create timely and accurate audit reports with recommendations for improvement, advise other auditors, collaborate with team members to enhance operational efficiency, and may assist in identifying emerging risks and planning audits for specific regions. Additionally, the position involves leveraging business knowledge to conduct audits and projects related to investment advisory and management, reporting findings to local governance and regulators, maintaining stakeholder relationships, utilizing data analytics for risk analysis, recommending mitigation plans for control gaps, and participating in Corporate Audit division initiatives.

Typically, this position is involved in activities such as:

• Acting as a Standing Statutory Auditor (상근감사), oversee and review the company’s internal controls by applying internal audit procedure requirements, financial reporting processes, and provide independent oversight of the appropriateness of each business function as required under relevant Korean laws and regulations, reporting directly to the Board of Barings Korea.
• Supporting/conducting the preparation of detailed audit programs for global/regional internal audits that include Barings Korea in scope to evaluate the effectiveness of operational processes and controls and executing these programs as directed by the Audit lead/supervisor.
• The review of internal controls and related processes and procedure to determine efficiency, effectiveness, and compliance with applicable laws, regulations and company policies in each country.
• Creating and providing management with accurate and timely reports on audit findings, including recommendations for improvement in a self-directed manner.
• Providing advice and consultation to other auditors regarding the review of business area controls
• Collaborating with team member to propose recommendations to enhance operational efficiency and identifying other areas of improvement.
• This position may assist in the identification of emerging risks and audit planning for specific countries/risk areas, and taking leadership in Department and other projects.

Primary Responsibilities

Key responsibilities and objectives for this position are:

• Responsible for statutory auditor duties in Korea, including overseeing the company’s internal controls applying the Internal Audit procedure requirements and financial reporting processes and provide independent oversight of the appropriateness of each business function as required by relevant regulation, as well as delivering/supporting global/regional internal audits.
• Prepare and submit the audit results to the regulator.
• Prepare and report the evaluation results of the Internal Accounting Management System (IAMS) to the Board.
• Work independently to conduct audits and projects that evaluate and test the relevant risks, key control points, operational effectiveness and risk management.
• Utilizing data analytics tools and techniques to support internal audit activities by analyzing large datasets.
• Recommend appropriate mitigation plans to manage identified control gaps.
• Prepare audit reports and issues lists to communicate audit results.
• Monitor and assess the implementation of audit recommendations.
• Conduct audits and projects in accordance with Internal Audit standards and procedures.
• Build and maintain relationships with key stakeholders in Barings Korea.
• Contribute ideas that strengthen internal audit practices and other risk/control efforts as well as gain efficiencies.
• Distill business topics and use appropriate judgment to effectively communicate issues, information, and recommendations to peers and management.
• Work in partnership with audit management, financial/investment/other business management and other risk/control functions to ensure that processes, business activities, and internal controls are effective in managing operational, financial, regulatory and business risks.
• Facilitate surveying the business functions and corporate activities in order to set audit scope and audit objectives for specific engagements and as part of ongoing Audit Planning if required.

Qualifications

• Fluency in written and spoken English and Korean language.
• Bachelor’s degree in accounting, finance, or a related field. CIA (Certified Internal Auditor), CA (Chartered Accountant), CFA, MBA and/or other relevant investment certifications is preferred.
• 6+ years of relevant work experience.
• Progressive internal/external audit experience or equivalent financial services business experience. Understanding of workflows and business processes in financial services, preferably asset management.
• Understanding of International Audit Standards, internal control, risk and governance principles.
• Proficiency in using audit management software and data analysis tools.
• Strong analytic and problem-solving skills.
• Strong communication, interpersonal skills and gravitas to effectively both collaborate and challenge with stakeholders at all levels.
• Ability to multi-task effectively in a fast-paced environment.
• Motivated self-starter with high aptitude for learning and strong track record.
• High responsiveness and flexibility to changing business priorities and tight deadlines.
• Ability to work independently or in a team while collaborating with team members and business colleagues.
• Commitment to excellence and continual improvement.
• Ability to identify solutions that effectively address business and control needs.
• Possesses high integrity, professional skepticism and strong business sense.
• Commands respect and credibility with team members and business colleagues.
• Anticipates future possibilities, opportunities and risks.
• Handles ambiguity with sound business judgment and partnership.
• Ability to work within and across organizations, especially with key stakeholders in Barings Korea.

Requisite Skills

Additional Skills

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.