Internal Audit Head, India

Job title: Internal Audit Head, India
Location: Mumbai

About the job

Our Team:

We are seeking an experienced Internal Audit, Risk Management, and Internal Controls leader to strengthen our governance framework and support sustainable business growth. This role will be responsible for leading the internal audit function, enterprise risk management activities, and internal control programs across the organization.

Main responsibilities:

 Lead Internal Audit:

• Develop and implement a comprehensive internal audit strategy aligned with the company's objectives, considering both general audit principles and the specific challenges of organizations operations incl manufacturing up to commercials.

• Establish and maintain a risk-based internal audit plan to assess the effectiveness of internal controls and compliance with policies and regulations within the Indian business landscape.

• Lead and conduct internal audits independently or with a team, ensuring timely completion and reporting of findings.

• Define impactful and simplified action plans in discussion with process owners

• Presenting audit report to Audit Committee on Quarterly basis with effective and disciplined action plans, root cause and impact on organization

Lead Risk Management Committee:

• Lead Risk assessment requirement as per Company law for the listed entity

• Collaborate with management and Board to develop and enhance risk management processes and procedures tailored to the company’s objectives and strategy.

• Lead discussion with all relevant key stakeholders within organization to assess risks, define mitigation plan and also track the same for effective implementation  

• Prepare and present the Risk register with all the relevant information to Board to agree on risk ratings and related action plans

Coordinate Internal Control:

• Supports CFO, Country Lead, and Legal Entity Board Members in annual CSA signoff (Country)

• Aligns with Internal Control specialists on deficiencies and escalates to Internal Control end-to-end Process Heads in case of disagreement.

• Lead for coordination between local process owners and E2E process leads to align country level CSA, testing and related deviations etc. activities

• Aligns testing conclusions, deficiency lists, impacts and action plans with Global /local auditor if any

• Communicates to leadership annual Internal Control testing campaign scope, timelines, and deliverables at the country and GBU level.

• Provides regular reporting to business leaders on status of Action Plan implementation and escalates any overdue Action Plans as needed within the region and / or GBU.

• Establish business partnering relationships with key leaders, control owners and business process owners to establish and improve the control environment.

• Represents Internal Control & Processes on local and GBU-specific committees, such as Compliance Committee (if applicable), Local Audit Committee, Local Finance Committee and / or Pricing & Trade Committees.

• Escalates new and emerging areas or risk to the appropriate level of leadership and coordinates efforts to mitigate these risks.

• Supports local implementation of global core model processes and changes such as Mergers, Acquisitions & Divestitures.

• Can also participate in global projects that have a process/internal control component or in projects related to the evolution of the Internal Control operating model

• Manage Group audit for the country as POC, coordinator between functional teams and audit teams, facilitate audit team with country risk exposure and control efficiency and support defining appropriate mitigation/action plans incl follow up on implementation and updates in Interact

About you

• Any of the internationally recognized accounting or auditing professional certification

• At least 8-10 years of experience in external and/or internal audit, work experience to define, implement, assess an internal control framework, enterprise risk management.

Additional Skills

• Business partnership and ability to collaborate constructively with diverse functions

• Stakeholder management across organizations incl organization management

• Practical approach to risks assessment and evaluation incl solution centric approach

• Analysis, design and restructuring of organization’s processes

• Excellent communication, verbal & written skills

• Ability to handle confidential information and material with appropriate discretion                                                                                                                        

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