Key Responsibilities
- Planning and Execution of Audits:
• Establish the scope, objectives, and methodology for each audit.
• Supervise audit staff, assign tasks, and ensure timely completion of audit projects.
• Lead audit engagements, evaluate internal controls, and identify areas of risk.
• Review audit findings, prepare reports, and present recommendations to management. - Risk Management:
• Identify potential risks within the organization and assess their likelihood and impact.
• Recommend improvements to internal controls and processes to mitigate risks.
• Track the implementation of risk mitigation strategies and assess their effectiveness. - Compliance:
• Assess the organization’s compliance with laws, regulations, and internal policies.
• Advise management on compliance matters and recommend corrective actions to address any deficiencies. - Communication and Reporting:
• Regularly communicate with senior management to provide insights on risk management and compliance.
• Prepare and present audit reports to stakeholders and shareholders.
• Coordinate audit activities with external auditors during statutory audits and regulatory compliance assessments. - Continuous Improvement:
• Monitor the implementation of audit recommendations and track the effectiveness of internal controls.
• Stay informed about the latest industry regulations and best practices in internal auditing.
• Continuously improve audit processes and methodologies to enhance efficiency and effectiveness.
Qualification & Experience
- An Undergraduate or Post Graduate / Master’s degree in Commerce / Finance or a related Finance field is highly desirable. Professional certifications like CA, CFA, or CMA can be an added advantage.
- A minimum of 10 years of experience with atleast 3 years in responsible leadership role in Internal Auditing.
- Candidates having extensive exposure to retail, warehousing, logistics and manufacturing industries will be preferred.
- Previous experience working in international setup will have an added advantage.