Objective
To independently assess the design and operational effectiveness of the Proximus Group divestment process in domestic market, focusing on governance, risk management, internal controls, and compliance with internal policies and external regulations.
Key Responsibilities
Review the end-to-end divestment process, including planning, due diligence, valuation, transaction execution, and post-transaction activities.
Evaluate the adequacy of internal controls related to:
Fit with the Board approved divestment strategy
Governance and decision-making including risk management
Price-setting methodology
Information security and confidentiality
Contractual and legal safeguards
Stakeholder communication
Transition and separation planning
Regulatory compliance
Effectiveness of the separation process
Performance monitoring post divestment (when divested entity becomes a supplier)
Conduct interviews with key stakeholders (e.g., Legal, Finance, Strategy, Operations).
Identify process gaps, control weaknesses, and potential risks.
Provide practical recommendations for process improvement and risk mitigation.
Prepare a comprehensive audit report to senior management.
Required Qualifications
Proven experience in auditing or advising on M&A or divestment processes.
Strong understanding of corporate governance, internal controls, and risk management.
Familiarity with regulatory frameworks (e.g., GDPR, antitrust, tax compliance).
Experience working with cross-functional teams in complex corporate environments.
Excellent analytical, communication, and report-writing skills.
Preferred Background
Professional certifications (e.g., CIA, CISA, CPA, CFE).
Exposure to Telco and/or ICT environment.
Deliverables compliant with Proximus Internal Audit methodology, using Proximus templates and tools
Audit scope document
Interview summaries and process walkthroughs
Risk and control matrix
Final audit report with findings and recommendations