Manager - Internal Audit - KPO

The Internal Audit role is based with a KPO set up in Pune.

Role Purpose :

- Support the audit function to give the Group Board and Management, risk based independent assurance of the effectiveness of the Group's internal controls. Undertake risk based audit activities to identify potential control weaknesses and make recommendations to mitigate related risks.

Essence of Role :

Key Accountabilities :

Impact on the business :

- Identify and report on all significant control weaknesses

Undertaking audits inside and outside own territory in accordance with the companies IA guidelines and in line with the IA Methodology :

- Maintain accurate records to support and satisfy audit trails

- Record and report project milestones in accordance with audit guidelines

- Identify, analyse, evaluate and record sufficient information to achieve the audit's objectives

- Ensure sufficient evidence in audit working papers and file

- Understand and assess the risk profile of relevant processes

- Exercises appropriate judgement when quantifying the significance of risks and the effectiveness of compensating or mitigating controls

- Identify and communicate apparent failures in control framework within processes

- Determine control frameworks that manage risk profiles through interview and testing

- Collaborate with colleagues and external auditors to support audit requirements

- Lead complex projects e.g. Clustered Audits, GWR

- Lead special projects on request of senior management

- Ensure that the internal audit activity maintains its independence and objectivity

- Provide advice to teams conducting audits

- Undertake special projects, ad-hoc audits, project reviews, fraud investigations or similar on request

- Enable the Group to satisfy the Corporate Governance requirements of the various regulatory authorities on whose exchanges the Group's shares are listed

Support the company by complying with Governance requirements :

- Take part in Key Control Questionnaire programme (Review and Recommend)

- Support the SOX compliance programme (Supervise testing Key controls)

- Provide feedback on SOX methodology

- Assist in preparing the Audit Committee report

- Undertake Entity Level Control Assessment at year end

- Undertake activities to ensure that high risk areas are subject to greater focus than low risk areas

Issue Tracking :

- Interact with management to ascertain progress of the improvement activities defined according to auditing results.

- Quality Assurance of internal and external reporting.

- Provide periodic updates on the status of the outstanding audit findings

Audit plan preparation :

- Support the audit planning process by assessing PRM areas to identify impact and likelihood of high risk areas Customers, supplier and third parties

- Identify and make recommendations that are sensitive to the business that can impact customer experience

- Internal customers include - local management (auditees) and group management and audit teams (within and outside of entity)

Leadership and teamwork :

- Assist the Cluster Head of Audit in any matters relevant to run the cluster IA team

- Undertake any activities related to running the local audit function

- Advise the business on compliance and policy issues.

Resources :

- Support quick and efficient integration of new employees by training on the job

- Develop and conduct training for new employees locally and in co-operation with other parties of the audit community

Innovation and change :

- Identify opportunities during our audits which can enhance process improvement and simplify processes

- Constantly challenge ourselves to review our methodology to enhance delivery to our stakeholders

- Identify ideas/input to improve Internal Audit process and methodology

Knowledge and experience :

- Identify and promote good business practice across the Group world-wide

- Support the execution of PRM domain strategy to ensure related objectives are met

- As part of the audit process identify good business practice and ensure it is shared with the wider Audit Community and to the Business.

- Promote cost effective key controls.

- Acts as a role model in translating company's Vision & Values, Business Principles and Objectives into business practice.

- Support to develop, promote and establish good business practice, like Expert Guidance or the Knowledge base

- Provide timely support and information to other local audit functions if requested e.g. Ad hoc requests, RCM updates

- Maintain awareness of professional and technical developments, in addition to external factors affecting IA, its systems and controls and advice the Audit Manager of developments impacting on the services.

Communication :

- Communicate with the business to provide early warning to management of potential control problems and emerging issues.

- Effective stakeholders management (auditees, group management, other audit teams, etc.) - clear communication and maintenance of professional relationship.

Harveen Kapur Gulati