Role: Head Internal Audit
Reports to: Executive Director Finance
Location: Delhi/NCR
Background and experience: CA with 12-15 years of experience within risk management and internal audit, with In-depth understanding of industry’s best business practices, policies and procedures, preferably from an FMCG background. Additional IA/Risk certifications will be an added advantage.
The individual must have handled large teams, worked in diverse industries across geographies with an experience in Global audit practices
About the client: Global FMCG
Key responsibilities:
This individual will be responsible for managing 5 geographies with over 10 locations alongwith new projects with an approximate turnover of over 300 Cr.
Audit Plan, Procedures & Documentation
- Develop audit programs for various audits
- Strengthen documentation in terms of walkthroughs, process flows and agreements
- Apply sampling standards for all audits
- Prepare, agree and track the annual audit plan
Reporting
- Issuance of Audit Reports within 2 weeks of field work, to be also shared with all stakeholders
- Ensure opening and closing meetings with respective teams
- Periodic meetings/ follow-up with Internal ILTs to continuously monitor risk and add value
Co-sourcing Of IA Function
- Ensuring smooth and effective transition
- Covering HO functions and all sites (25-30 audits pa)
- Updation of Internal Controls. Generation of exception reports
- 5 management reviews covering different areas
Business Partnering
- Continuous review of SOPs and actual practices for alignment
- Identify opportunities and formulate ideas towards cost savings
- Sharing global standards & best practices
- Ensuring standardization of practices across locations / functions
Global Internal Audit Follow-up
- Ensure all Global Internal Audit observations are closed within the agreed timelines
- Incorporate the pre-work data in the Internal Audit plan
Concurrent audit for new projects
- Conduct concurrent audit
- Review SOPs/ process flows
- Assess risks and rewards
- Develop risk mitigating plan
- Assess fraud
Business Continuity Process
- Ensure that the annual BCP plan is rolled out in time
- Coordinate with various Functional BCP Champions
- Ensure timely updation of annual Business Internal Audit and Business Continuity Plan
- Coordinate with various functions for the Business Continuity Plan
Risk Management and Compliance
- Ensure smooth and effective implementation of India Pilot
- Ensure annual plan for Risk Management is rolled out in time
- Coordinate with various functional Internal Control teams to ensure that all Risk maps are in place
- Track updation of Risk Maps
- Annual fraud assessment
Individual Empowerment/Knowledge building
- Audit Team/ Knowledge Sharing - Establishing ways of working for IA function
- Audit Session - Conduct audit sessions across functions to create awareness
Must have Skills:
- In-depth understanding of industry’s best business practices, policies and procedures.
- In-depth knowledge of auditing techniques
- In-depth knowledge of auditing standards by ICAI
- Knowledge of accounting principles, Cost / Financial Analysis
- Working knowledge of tax and regulatory environment- Companies Act, SEBI guidelines, Income tax, Excise, Sales tax, PFA, Labour Law etc
If this opportunity interests you, please write to me at apandey@antal.com with your detailed CV at the earliest and I will get back to you for a detailed discussion
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