Group Internal Auditor - Manufacturing/Industrial Sector

Group Internal Auditor shall be responsible for:

- Preparation of Annual Internal Audit Plan with detailed work schedule; budget and resource required for the approval of the Group Risk Officer and the Group Audit Committee;

- Establish Policies and Procedures (Internal Audit Manual) to guide the Internal Audit Activity and direct its administrative functions;

- Establish a quality assurance and improvement program that covers all aspects of the Internal Audit activity;

- Plan and allocate Internal Audit Assignment to Internal Audit Staff and Supervise and evaluate their work and efficiency;

- Reporting on the existence in Group Company of Systems, Procedures and Internal Controls (in line with Group's Standard Operating Procedures-SOPs), Compliances (including Statutory and Regulatory), Deviations and Irregularities;

Submission of Monthly and Quarterly Reports;

- Maintain a professional Audit Staff with sufficient knowledge, skills, experience, and professional certifications;

- Engage External Internal Auditors, to conduct Internal Audit (including Forensic Review) of Group Companies, as may be required and approved by the Group Audit Committee (GAC) from time to time;

- Carry out Investigations emanating from the Audit Process or assigned from time to time;

- Perform advisory services as and when assigned (provided this does not constitute conflict of interest with the Internal Audit assignment and prior approval of the Group Risk Officer has been taken);

- Ensure that requirement of Group Company's Country Legislations and Regulations in relation to Internal Audit are complied with;

- Follow up with concerned Business Head of the Group Company on the progress on the agreed way forward on the Open Observations;

- Group Internal Auditor will meet or exceed the Standards of Professional Practice of Internal Auditing (ISPPIA) of the Institute of Internal Auditors and abide by the Code of Ethics as outlined in the ISPPIA.

Reporting:

- Group Internal Auditor will report Audit Observation and Recommendations to the Business Head of the Group Company and seek comments, way forward (resolution) and timelines for compliance. Group Internal Auditor, after considering the comments of the Business Head of the Group Company, would then submit his

Report to Group Risk Officer.

The Group Internal Auditor will submit following Reports: -

- Monthly Report detailing Audit Activities carried out during the month with all Audit Observations and Comments of the concerned Business Head and recommendations;

Quarterly Report detailing:

- Performance against Annual Internal Audit Plan; and

- Key open Observations made during the Quarter and till date with the comments of the concerned Business Head of the Group Company and Recommendations.

- Prepare and report of Key Findings / Observations for the Group Audit Committee.