Deputy Manager - Process & Internal Control - CA/CMA

DM - Process & Internal Control

Key Functional Responsibilities :

1. Internal Financial Controls (IFC) :

- Updating the Risk & Control Matrices (RCM) in line with process changes.

- Gaining process understanding through discussions with process owners, plant visits, etc. and identify potential fraud scenarios applicable to the business and processes.

- Perform test of operating effectiveness of the fraud controls along with business process controls to identify gaps and provide suggestions for remediation

- Identify gaps and recommend improvement opportunities to mitigate fraud risks.

- Perform testing for remediated controls and consolidate the results of the testing for reporting.

- Give update to Board on status of IFC testing on a quarterly basis.

- Provide necessary documentation and explanations to auditors on effectiveness of IFC for their independent assessment

2. Internal Audit :

- Develop the annual internal audit plan and the scoping

- Planning and coordinating the audits as per the quarterly schedule with the process owners & internal auditors.

- Tracking the progress of internal audits by auditors and ensuring timely completion within the stipulated schedule.

- Arranging meetings for discussion on the findings of the internal audit report with the process owners and management and closure.

- Preliminary review of issues identified during audit and draft management action points in consultation with auditees.

- Provide periodic update of open action items for Audit Committee reporting

- Implementation status follow up - Monitoring the closure of management action points within the timelines as stated in the audit report.

3. Others :

- Preparation of standard operating procedures embedding key process controls as & when needed (mostly those related to Finance)

- Perform anti-fraud control gap analysis and its operating effectiveness.

- Delegation of Authority (DOA) review - draft effective delegation across levels and its application

- Access Rights Monitoring - Review of access rights assignment & release strategies in SAP as per DOA

- Investigation & reporting for Whistle Blower & other cases

- Drive Physical stock take at each plant at periodic intervals and ensuring compliance to SOPs

- Updation of Risk Register

- Data analysis and collation for specific requirements from JV partners and external agencies

- Cost reduction & process improvement initiatives

Qualification : CA/CMA Qualified with 2-5yrs experience