Head - Internal Audit - Retail/FMCG/Pharma

Head Internal Audit

In order to achieve this job responsibility, the person heads & ensures all necessary Internal Audit activities are carried out for all the companies handled through:

- Champions best practice in governance, risk management & internal control systems by assessing its adequacy and accordingly proposing an action plan.

- Strategizes & plans the Annual Internal Audit Plan for the year and ensures its execution within the budgets, maintaining the desired quality.

- Finalizes draft Audit Report with team members, gives direction for preparation of final audit reports and presents the same to the audit committee of the Board.

- Resolves audit problems whenever they arise and provide direction to the team ensuring that audits are completed within the given timeframe.

- Determines an appropriate strategy to ensure that adequate controls are in place to manage key risks in the business and assures the same to the Audit Committee of the Board.

- Ensures effectiveness of the internal test control mechanism of the organization and assures the same to the Audit Committee of the Board.

- Works closely with the auditees to form mitigation plans and follows up on the same for implementation.

- Oversees the stock control process to ensure shrinkage is within standards.

- Negotiates rates with external auditors ensuring they are within the standard limits.

- Elicit information from knowledgeable internal/external sources areas & functions to determine appropriate audit direction/methodology and researches all pertinent laws on the same.

- Researches and keeps abreast of legislative issues, new audit regulations/trends and audit methodology.

- Participates in various committees, industry networking forums or task forces geared to policy/procedure development and operational improvements in Internal Audit function.