Head - Internal Audit - FMCG

Designation: Head Internal Audit

Location: DELHI - CORPORATE OFFICE

Education Profile – CA - (Batch 2000 to 2005)

Function: Finance & Accounts

Experience : 10 – 15 years

JOB DESCRIPTION

- Maintaining very high standards of corporate governance and risk mitigation in the company and striving to continuously improve the control environment. Manage the risk related to organisation growing at velocity and also did not made controls / process hindrance in the growth story.

- The scope of audit includes Head Office Reviews (like Marketing – ATL & BTL, Schemes – Sales Reductions, Human Resource, Sales & Distribution, Logistics, Service Operations, Spare Parts Operations, Call Centre operations, Finance & Accounts), Regional Office reviews, Branch Operations Reviews, 3rd Party / Vendor reviews etc.

Internal Audit:

- Established unstructured internal audit function and create roadmap for the Internal Audit operations. Build internal capability to perform IA assignments in-house, balance the scope of review with in-house and outsource team

- Perform review of entity level controls in accordance with COSO framework

- Prepare / review audit scope prepared based in Risk assessment of the entity and also access the work programmes based on risks and control objectives to assess the efficiency and effectiveness of the entities' control environment, construct the annual audit plan in consultation with business line management

- Understand and assess all phases of audit process and project management, and continuously improve performance parameters related to time, cost, and quality.

- Identify and evaluate control weaknesses in the company & develop strategies to mitigate the risk

- Handling an in-house team & outsourced team in handing organization audits across India (23 Branches / 30 Warehouse / Functional Audit for HO etc)

- Develop enterprise risk assessment methodology for the company based on internal and external environment and provide feedback to all the functional Co-ordinations & update Risk framework on periodic basis in discussion with CFO/CEO.

- Review audit reports with presentation of high impact findings to top management / management committee.

- Communicate effectively at all levels of the company, from data processors to senior management, tailoring communication style as necessary.

- Responsible for discussing the audit report and findings with senior line management and for ensuring that appropriate responses are obtained for each issue raised in the report

- Developing the framework for promoting internal audit throughout the company as an effective and critical department by developing communications ideas and methods.

- Review documentation of key processes and associated controls being examined in the audit the Manager would be involved in the more complex activities being reviewed

- Provide adequate follow-up to make sure that proper corrective action is taken and that it is effective

- Sarbanes Oxley (SOX)

- Drive SOX implementation on Company level, and regular monitoring of progress with timelines as per company's strategy & review the implementation with respect to the preparation of the process narratives, Process Flow charts and Risk & Control Matrix.

- Assess the compliance of management control environments with internal and external regulations (Global / PAN Asia office Directives).

- Process Standardisation / SOP / Process Re-engineering / Other Initiatives

- Identifying the need of Standard Operating procedures for standardising the process across the company and ensuring delivery within timeframes.

- Demonstrate a positive risk, compliance and control culture through the identification, assessment, monitoring and management of risks and issues within the business area, alongside ensuring timely and appropriate resolution of control weaknesses, actions and failures that arise.

Communications Skills

- Interpersonal relationship (Internal & external customers) & Team work

- Initiative & Pro-activity