Elena Sokolova

· Manage the J-Sox framework, including testing of business, GITC and Company-wide controls, reporting issues and developing remediation plans and monitoring implementation

· Conduct group risk assessments, including fraud risk assessment, materiality calculations, and risk heat maps.

· Report on internal control effectiveness to the Management Team.

· Promote and sustain a sound internal control system through creation awareness and stakeholder engagement

· Oversee compliance with the EU CSRD directive and implement the CSRD tool.

· Develop and implement the whistleblower policy in line with the EU Whistleblower directive.

· Lead and coach the Internal Audit function (1 FTE)

· Perform operational audits in manufacturing subsidiaries

Key Accomplishments:

· Established and developed the Internal Audit function.

· Led the CSRD and EU Taxonomy compliance project in collaboration with the sustainability team.

· Enhanced awareness of internal controls, CSRD, and fraud compliance internally and externally (LinkedIn engagement).

· Multiply achieved J-Sox compliance targets set by the parent company through effective stakeholder engagement and methodology documentation.

· Supported the maintenance of an effective Internal Control System, ensuring timely reporting within the local ICS tool.

· Assisted in ICS audits by collaborating with external auditors and control owners.

· Coached internal process and control owners to uphold high standards within the internal control environment.

· Formalized ICS procedures according to best practices (COSO, SOX).

· Maintained segregation of duties in SAP GRC.

Key Accomplishments:

· Promoted and integrated ICS throughout the company by conducting training and awareness sessions.

· Implemented an ICS tool tailored to the company’s needs from the ground up.

· Proactively met ICS Group reporting deadlines, achieving all targets.

· Identified risk areas in business processes and developed corresponding internal controls.

· Created ICS methodology documentation based on the Best practice (COSO, SOX)

· Ensured compliance with company policies through documentation, assessments, and reviews of key business processes.

· Planned and monitored business risks, identifying control procedures to mitigate risks.

· Reported periodically on risk and internal control evaluations to the Management Board and Board of Directors.

· Developed risk and control policies based on the latest legislation and ICS framework updates.

Key Accomplishments:

· Coordinated risk identification efforts across departments, creating risk registers and recommending control measures.

· Designed and implemented a robust internal control system from scratch based on international standards.

· Balanced business risk identification with internal control implementation to optimize resource utilization.

· Provided consultancy services, executing audits of financial statements for major companies in the electricity, oil, and gas sectors according to IFRS and local GAAP.

· Interacted with management, audit committees, and boards to share audit findings.

Key Accomplishments:

· Supervised audit procedures and ensured the accuracy and completeness of evidence.

· Developed and implemented audit plans based on identified risks.

· Met defined audit objectives through the compilation and approval of modified audit programs.