Company : A privately-held downstream oil company based in Mumbai, India, that encompasses refining, marketing, production and a network of over 6000 + retail fuel outlets in India. Designation : Joint GM-Corporate Audit Location : Mumbai 1. JOB PURPOSE This role heads the Corporate Audit function and will be responsible for making the audit plans, interacting with the stakeholders and keeping the system updated. This role will also be responsible for internal and external stakeholder management. 2. ACCOUNTABILITIES &amp; RESPONSIBILITIES ACCOUNTABILITIES ACTIVITIES 1 Audit Plan : - Maintains operational understanding, monitors risk environment and evaluates control framework for the assigned business areas (ops/tech/ corp) - Develops annual audit plan to ensure adequate assurance over management of all significant risks in relation to assigned business areas (ops/tech/ corp) - Schedules audit assignments in alignment with process owners and allocates auditors to ensure timely completion of the audit assignments during the year - Reviews the Terms of Reference and ensures objectives of audit, coverage of scope including all relevant risks and expected controls have been effectively developed for the planned audit area - Finalize ToR by ensuring review of CIAO / Dy CIAO and agreement with process owners - Reviews the timetable of the detailed audit work program to ensure audit report is released within planned target date 2 Field work : - Reviews and provides guidance on the selection of audit tools and sampling methodology. Ensures use of automated tools - Monitors and keeps track of the progress of the ongoing audit assignments, intervenes and provides support as needed to ensure timely execution - Provides regular updates to CIAO and Dy. CIAO on the status of completion of audits against planned timelines - Performs regular reviews to ensure effectiveness, adequacy and timeliness of the testing and examination of the audit scope by the auditor - Ensures that detailed assessment of all relevant and significant risks have been performed and all gaps in the control design and its operations have been identified and evaluated - Ensures accuracy and completeness of the audit findings by reviewing audit test scripts and evidence recorded documented by auditors, engagement with process owners where needed - Provides regular updates to CIAO and Dy. CIAO on the audit findings with immediate escalation of significant issues 3 Reporting &amp; Engagement : - Reviews audit reports and ensures complete and accurate description of the audit findings by adequate explanation of the root cause and detailed assessment of the impact - Provides timely feedback to auditors on the coverage as well as depth of review of the expected audit scope areas - Ensures discussion and review of the audit findings, evaluation of risk rating of the audit finding and agreement on recommended mitigation actions with CIAO and Dy. CIAO - Takes inputs from CIAO and Dy. CIAO for further enhancement of audit report to ensure effectiveness - Ensures adequate engagement with process owners to finalize the audit report - Monitors status of audit actions for the assigned business areas, performs effectiveness review of the closure activity, provides regular status report and feedback to CIAO and Dy. CIAO - Supervising and preparing materials for Audit Committee and Management by ensuring accuracy and meeting deadlines - Leading and managing of special assignments relating to assurance of various control and risk management areas, forensic investigations, ensures physical verifications and site inspections are performed as planned 4 Development : - Leads in ensuring the Internal Audit Charter is followed - Ensures implementation of and contributes for further enhancement of the Internal Audit Methodology by benchmarking to best practices - Develops and suggests programs for knowledge sharing and competency enhancement and development of auditors - Ensures deployment of automation tools for audit planning and execution - Develops and implements stakeholder management plan and communication matrix for assigned business areas 3. KEY CHALLENGES : 1. To perform under given timelines and budgets, maintain the quality and depth in the audits, consistent with the track record of the IA department 2. Should quickly get accustomed with the work dynamics and given schedule of quarterly Audit Committees. The person needs to travel to various locations. Stakeholder Management 4. KEY DECISIONS : A. Made by Jobholder: 1. Planning the individual audit assignment, allocate work to colleagues, finalize the findings in the draft report based on quality and supporting evidence B. Recommendations to superior: 2. Resource allocation for assignments, audit priority, final release of report, final presentations for Audit Committees 5. INTERACTIONS : A. Internal Interactions: 1. Senior Management team B. External Interactions: Industry Competitors, Statutory auditors, Shareholders 6. DIMENSIONS : A. Financial Dimensions: None B. Team Size: 3-5

Mumbai

General Manager - Corporate Audit - Oil Firm 

General Manager - Corporate Audit - Oil Firm  ,Job Description for General Manager - Corporate Audit - Oil Firm  in Primacial HR Services in  Mumbai for (10-15) years of experience. Apply Now!

Job Description for General Manager - Corporate Audit - Oil Firm  in Primacial HR Services in  Mumbai for (10-15) years of experience. Apply Now!