Essar Capital - Deputy General Manager - Group Assurance & Cost Control

Deputy General Manager - Group Assurance & Cost Control

Main Role:

- Assurance & Cost Control-Corporate role

- ERM/Risk Management process & policy implementation

- Fraud prevention & investigation

- Improvements in business process and operating policies etc. with automation focus

- Working with business in setting up ERM/Risk management process, matrix for respective function

- Cost control & Cost Reduction

- Compliance review for statutory compliance.

- Audit plan and strategy for respective business

- Controlling internal audit execution within schedule and of required quality

- Role will be to undertake independent audit role/assignment in various business/entities.

- Job will involve travel of about 10 days in a month.

- Interaction with internal audit firm and with internal GACC team and management.

- Discussion with statutory auditor for internal control, internal audit etc

Responsibilities:

Operational:

- Driving ERM in respective business. Reporting of Risks and mitigation status.

- Making risk based audit plan and audit committee approval.

- Evaluating IT \SAP Risks for internal controls evaluation etc.

- Policy and Standard operating procedures review and driving required changes etc

- Tracking implementation of respective companies and escalation of open issues to management, Audit Committee.

MIS:

- Making monthly IA and ERM status etc and report on system improvement, open issue status etc.

Industry benchmarking:

- Identification of best practices with respect to Risk register and Risk mitigation and benchmarking of process, rate of similar industry etc.

Key Challenges:

- Process improvements with legislative framework, and undertaking benchmarking from similar industry.

- Driving ERM timely and ensuring identification of all risks and also taking up with management for mitigation.

- Investigation involving high data validation from other firms etc

- Process improvement in automated, on automated process

Key Decisions:

Made by Jobholder:

- Incumbent takes decisions on operational aspect of the audit assignment

- Decision of audit strategy

- Decision of Risks mitigation

- Decision on Investigation data analytics and approach

Recommendations to superior:

- Recommendations on risk matrix framework, audit execution, audit investigation etc Major risks and mitigation (pro-active intervention etc) operational efficiencies, process improvements and cost savings.

Interactions:

Internal Interactions:

- Employee at all level in Essar entities, GACC employee, CFO and other leaders etc

External Interactions:

- For benchmarking etc. in industry/forums etc.

- Statutory auditor.

Skills & Knowledge:

- Educational Qualifications & Certifications:

- Chartered Accountant\experienced internal auditor

- ERM exposure

- Relevant (Functional/Level) & Total Years of Experience:

- Experience in large firm Internal audit function-post qualification experience 12-14-year plus

Functional Skills:

- ERM/Risk management

- Internal Audit, Investigation

- Commercial and accounting.

- Advanced knowledge SAP-Mainly -FI, SD, MM module

- Expert knowledge of MS, Excel & IT Audit/Analytics tools.

Behavioural Skills:

- Analytical/ Probing Skills, Conceptual Thinking, Aptitude to pick up new practices and concepts quickly

- Communication and presentation skills

- Good Interpersonal.