Institute  for Internal Controls

"Promoting an Effective Internal Controls Environment"


Featured Member

Oleksandr (Alex) Movchan 

Oleksandr (Alex) Movchan – CICA, CIA, CFE, CIME Dip PM

Our featured member is Oleksandr (Alex) Movchan, CICA. Alex is the founder and President of the Ukraine Local Chapter of TheIIC. The Chapter was granted its charter by the Chairman in 2018. Despite unprecedented challenges that Ukraine is going through, the Ukraine Chapter continues to operate and promote Internal control best practices in Ukraine and Eastern Europe.

Alex serves as the Chief Risk Officer for Matex Lab, a private equity-backed Global Group operating in the Aesthetic Medicine industry, with main operations in Europe and offices in the United States, Latin America, and Asia. He manages the second lines of defense functions and drives them towards the strict requirements of SOX compliance.

Alex specializes in building Internal control systems from scratch and driving it to the level of maturity required for companies listed on the related stock exchanges. His previous employer, Ascensia Diabetes Care (ADC) Group, being part of PHC Group. was listed on the Tokyo stock exchange (TYO) in 2021, being the largest TYO IPO during the last 3 years. As Head of Internal Control, Alex played an important role in post-M&A activities such as the creation of a Shared service center, reengineering of business processes towards “End to End” approach, and set up of both the Internal control and Internal audit functions in the ADC Group after it was acquired by the PHC Group from Bayer. He played a pivotal role in driving the maturity of both Internal controls and auditing, creation of the team, ensuring a constant high level of functions’ performance, and JSOX compliance which was highly rated by IPO advisors and external auditors, resulting In a successful listing for the Group on the TYO.

He also has experience in building internal control and audit systems for business Groups listed on the Stockholm, New York, and Warsaw stock exchanges, backed up with previous external audit experience at Ernst & Young (EY) and Price Waterhouse Coopers (PwC).

Alex holds several certifications including the Certified Internal Controls Auditor (CICA), the Certified Internal Auditor (CIA), the Certified Fraud Examiner (CFE), and the CIMA Diploma in Performance Management. He is a graduate of Kyiv National Economic University in Ukraine, holding a Master’s degree in Accounting and Auditing.

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