VF Corporation Kontoor, Director, Internal Audit in Greensboro, North Carolina

Job Description

Organized in 1899, VF Corporation is a global leader in branded lifestyle apparel, footwear and accessories with nearly 70,000 associates and $12.4 billion in revenue. In August 2018, VF announced its plans to spin off the Jeanswear business comprised of approximately 20,000 employees and $2.5 billion in revenue. The new company, Kontoor Brands, Inc., will be a separate publicly-traded company headquartered in Greensboro, NC and includes the Wrangler, Lee, and VF Outlet brands.

The spin is planned to be effective in the first half of 2019 and will position Kontoor Brands as the home of iconic denim brands steeped in heritage and authenticity. Kontoor Brands will be the leading player in denim globally, delivering steady growth, consistent profitability and strong cash flow to support high dividends to our shareholders. As an independent, publicly-traded company, Kontoor Brands will have greater opportunities to modernize and evolve the business, pursue new market opportunities, and expand our geographic footprint.

Kontoor: Director, Internal Audit: Become the Newest Member of Kontoor Brands

The Director of Internal Audit is responsible for internal audit services, with the responsibility to oversee, manage, inform and take accountability for the effective functioning of the outsourced internal audit activity. Internal audit services may include financial, operational, risk management, compliance, or information systems audit support, as well as consulting or other special project support as needed to support the company. The Director of Internal Audit, in conjunction with the Audit Committee and outsourced internal audit provider, will assign ownership and document responsibilities in the Internal Audit charter that is reviewed and approved by all parties. He/she will be responsible for coordinating the execution and administration of the contract that outlines:

  • Agreement on the structure and process of the outsourcing arrangement, which will include internal audit and SOX

  • Assignment of responsibility on the audit plan, plus key deliverables such as:

  • Comprehensive risk analysis and risk-based audit plan

  • Written assessment report on controls for year-end purposes

  • Opinion by internal audit on the overall control environment

  • Work to be done on risk management

  • Comment by Internal Audit on their view of the quality of management

  • Key management staff

  • Key engagement staff and how to ensure continuity of the assignment

  • Key performance indicators and standards relating to cost, timing and quality

  • Expected timelines for audits

  • Reporting requirements e.g. progress, draft, interim and final reports

  • Custody and ownership of the working papers

  • Confidentiality of information

  • Internal audit strategies and recommendations

  • Authority to access relevant records, personnel and property

  • Attendance at audit committee meetings or provision of secretarial services

  • Quality assurance arrangements

  • Reporting requirements (report reinforces the outcomes of audit)

  • Format and delivery dates

  • Continuous benchmarking to ensure best practice in delivery

  • Remuneration and billing arrangements

Key Responsibilities:

  • Leading in setting the tone in the organization on the importance of a strong internal control environment

  • Coordinating the execution and administration of the contract for outsourced internal audit activity and intervening to swiftly get the project back on track if necessary

  • Ensuring the economical, effective, and efficient use of resources and for securing continuous improvement

  • Oversight for all Sarbanes-Oxley scoping, design, testing, and remediation activities

  • Ensuring the proposed audit team has the required qualifications, skill sets, levels of experience, suitability for the roles they will be fulfilling as well as their personality and fit to the organization

  • Working to jointly establish annual, quarterly, and project specific plans, and oversight for various other assigned administrative areas

  • Assess the adequacy and timeliness of management’s plans for addressing and correcting audit findings and issues

  • Tracking and assisting with the timely completion of all audit, control, and Sarbanes-Oxley remediation activities as well as all Audit Committee projects and requests

  • Support in the administrative tracking of audits, the audit follow up schedule, and centrally storing audit reports and findings

  • Administer metrics based tracking the effectiveness and efficiency of accomplishing internal audit objectives

  • Establishing control-related standards and procedures

  • Manage actual costs within assigned annual budget

  • Participate in fraud investigations as required

Requirements:

  • Leading in setting the tone in the organization on the importance of a strong internal control environment

  • Coordinating the execution and administration of the contract for outsourced internal audit activity and intervening to swiftly get the project back on track if necessary

  • Ensuring the economical, effective, and efficient use of resources and for securing continuous improvement

  • Oversight for all Sarbanes-Oxley scoping, design, testing, and remediation activities

  • Ensuring the proposed audit team has the required qualifications, skill sets, levels of experience, suitability for the roles they will be fulfilling as well as their personality and fit to the organization

  • Working to jointly establish annual, quarterly, and project specific plans, and oversight for various other assigned administrative areas

  • Assess the adequacy and timeliness of management’s plans for addressing and correcting audit findings and issues

  • Tracking and assisting with the timely completion of all audit, control, and Sarbanes-Oxley remediation activities as well as all Audit Committee projects and requests

  • Support in the administrative tracking of audits, the audit follow-up schedule, and centrally storing audit reports and findings

  • Administer metrics based tracking the effectiveness and efficiency of accomplishing internal audit objectives

  • Establishing control-related standards and procedures

  • Manage actual costs within assigned annual budget

  • Participate in fraud investigations as required

Organized in 1899, VF Corporation is a global leader in branded lifestyle apparel, footwear and accessories, with global iconic brands, 64,000 associates and $12.4 billion in revenue. Our businesses and brands are organized into four categories called coalitions, comprising: Outdoor & Action Sports, Jeanswear, Imagewear, and Sportswear. While VF is highly diversified across brands, products, distribution channels and geographies, our One VF culture and approach to doing business provide a unique and powerful competitive advantage.

VF Diversity Vision Statement

VF is committed to creating an inclusive environment that welcomes and values the differences among all of our associates, customers, suppliers and the communities in which we live and conduct business. The continued success and growth of VF is enhanced through initiatives that promote diversity throughout VF around the world.VF is an equal employment opportunity/ affirmative action employer of minorities, females, protected veterans and the disabled. VF is committed to providing equal opportunities in employment, and treating our VF associates and VF applicants without discrimination on the basis of their race, color, gender, age, national origin, religion, sexual orientation, gender identity or expression, marital status, citizenship, disability, protected veteran status, HIV/AIDS status, or any other legally protected factor.