Senior Manager - Internal Audit

Purpose:

The purpose of internal audit lead role is to prepare and implement a risk-based audit plan to assess, report on, and make suggestions for improving the company's key operational and finance activities and internal controls. Ensure complete, accurate and timely audit information is reported to Management, Audit Committee. Risk Committee and Auditors.

Qualification - Charted Accountant with Exposure to GAAP /IND AS / IFRS

Roles and Responsibilities:

The Internal Audit Lead is responsible for developing, implementing a systematic, disciplined approach to evaluate, improve the effectiveness of risk management, control and governance systems. Includes developing the yearly audit plan / schedule, implementing the program as per procedures, investigation and action implementation and liaising with internal and external stakeholders. The role holder is also responsible to identify risks and develop action plan for mitigation of risks.

Responsibilities include, but are not limited to:

1. Develop, plan and implement the internal audit system, governance and controls

2. Test the current plan and tweak the design of internal financial controls to give adequate control but not to increase the bureaucracy of controls.

3. Ease the controls where is it is an overburden as far as responsibilities of the approvers are concerned. Give the right approver the authority.

4. Create a delegation matrix of controls to effectively manage and govern without increasing burden.

5. Improve with the help of technology, processes and people, the gaps in control systems.

6. Ensure follow up and implementation of audit programs as per procedures

7. Implement more effective risk identification processes and management.

8. Mitigation procedures should be framed and adopted after due consultation with the line management and specialists.

9. Responsible for investigation and evidence of collation in case of any breakdown in financial controls and fraud related actions.

10. Liaise with internal, external stakeholders to network on audit practices.

11. Update one self and the organization in terms of statutory and compliance regulations

12. Responsible for managing the internal team and outsourced audit service provider where applicable

Qualifications and Physical Demands:

1. Qualified Chartered Accountant / Post Graduate degree in Business Management, Additional certification in Audit management preferred

2. Experience of around 15 -20 years in Internal Audit function. Exposure to management accounting, budgeting is preferable

3. Should possess in-depth knowledge in Audit management

4. Should have sound knowledge of auditing practices and standards, accounting principles, GAAP /IND AS / IFRS

5. Should possess knowledge of the statutory and legal compliance

6. Analytical thinker with strong conceptual and problem-solving skills.

7. Meticulous attention to detail with the ability to multi-task.

8. Ability to work under pressure and meet deadlines.

9. Ability to work independently and as part of a team.

10. Excellent documentation, communication and IT skills.