Cars24 - Internal Audit Lead

Objective :

- Build and manage a robust IA function for the businesses.

- Make appropriate recommendations to improve the governance processes on business decision making, risk management and control.

- Promote appropriate ethics and values within the organization.

Responsibilities :

- Prepare Internal Audit Charter for all the said entities ensuring appropriate coverage of areas, applicable regulations, and best practices.

- Ensure that the function carries out its responsibilities as defined by the regulator and best practices.

- Plan and supervises auditing programs.

- Develop risk-rating systems for departments and comprehensive audit checklists

- Develop risk mitigation plans/strategies/mechanism to safeguard against potential fraud, waste, or abuse.

- Verify that all statutory requirements are fulfilled by the organisation ensuring all necessary certificates and licenses are in place.

- Present the audit report to the CEO/CFO/ Heads of Function, highlighting any areas of concern.

- Review and evaluate corrective measures for satisfaction of audit findings as well as monitor adequacy of corrective procedures.

- Ensure final reports are issued with all recommendations agreed and accepted by the audited individual/group.

- Ensure continuous market awareness, the concerned risk factors to be studied in detail and alerted to avert possible losses.

- Review performance of direct subordinates and determine their development needs.

- Ensure direct subordinates are fully trained through constant on-the-job training.

- Counsel subordinates in work-related matters.