Fred Compliance and Internal Control Intern

About Fred

FRED is a storied Parisian fine jewelry house founded in 1936, celebrated for its modern, uninhibited approach to luxury jewelry design. The maison exemplifies a philosophy of joy, freedom, and coastal elegance—known for its playful versatility and refined craftsmanship that eschews traditional conventions. Since its acquisition by LVMH in 1995, FRED operates within the Watches & Jewellery Division, maintaining its distinctive creative vision while benefiting from the global luxury conglomerate's resources and governance frameworks. The house is headquartered in Paris and employs approximately 400 professionals across retail boutiques and corporate functions worldwide.

Role & Responsibilities

• Understand key business processes and identify operational and compliance risks across the organization
• Support teams in implementing effective daily controls and integrating controls into new projects and initiatives
• Maintain, update, and organize critical documentation including procedures, risk matrices, and audit test results
• Deploy and oversee operational procedures across the retail boutique network
• Monitor and test compliance with the Discounts procedure throughout the retail network via formal testing protocols
• Participate in SAPIN II compliance efforts, including drafting procedures and developing training materials on anti-corruption, anti-money laundering, gift policies, conflicts of interest, and related matters
• Coordinate and oversee employee training campaigns, reminder communications, and awareness initiatives
• Create, maintain, and distribute compliance newsletters and communication materials
• Track and manage annual conflicts of interest disclosure campaigns across the organization
• Maintain and monitor the gifts and entertainment register in accordance with corporate policy

Qualifications

• Enrolled in or recently completed a Master's degree program in Commerce, Business Administration (IAE), or equivalent university program
• Prior experience in Finance, Internal Audit, or Internal Control—internship or apprenticeship experience within a Big 4 accounting or consulting firm is highly valued
• Strong interpersonal and team collaboration skills
• Excellent written and verbal communication abilities
• Demonstrated curiosity, rigor, organizational capability, and proactive problem-solving mindset

Skills

Experience

Entry-level; designed for Master's students or recent graduates with limited professional experience. Prior internship or apprenticeship in internal audit, finance, or compliance at a leading professional services firm is advantageous but not required.

Education

Currently enrolled in or recently completed a Master's degree program at a business school, IAE (Institut d'Administration des Entreprises), or equivalent university institution.

Workplace

Compensation

The base compensation for this position is EUR 1,300 per month.

Benefits

1 day of remote work per week after 3 months of tenure and manager approval; 6 days of paid leave; meal vouchers valued at €10 per working day with 60% employer contribution; 50% employer subsidy for public transportation passes.

Culture

FRED embodies a philosophy of joie de vivre, freedom, and luminous creativity inspired by Mediterranean sensibility. The maison's collaborative culture values curiosity, craftsmanship, and an informal elegance that permeates all professional interactions. As part of LVMH's prestigious Watches & Jewellery Division, FRED colleagues serve as daily ambassadors of the founder's enduring spirit—translating a legacy of audacious design and timeless joy into every initiative, including governance and compliance efforts that protect the maison's reputation and integrity.

About Cerulean

Cerulean is the definitive career portal for the global luxury industry. We match exceptional professionals with exclusive opportunities at the world's most prestigious brands. From haute couture and fine watchmaking to prestige beauty, hospitality, and boutique retail, Cerulean centralises luxury employment to help you find the career for which you were destined.