Group Leader - Internal Audit - Pharmaceutical

Job Description : Group Leader Internal Audit

Company Description :

Dr. Reddy's Laboratories Ltd. is a leading multinational pharmaceutical company based in India and overseas, committed to providing affordable and innovative medicines for healthier lives. We accelerate access to affordable and innovative medicines because Good Health Can't Wait.

Purpose of the Role :

Audit Role :

- To Analyse & decide Risk based audit plans, guide the team on preparation & finalization of Internal Audit Execution process, monitor & review the audits , have robust follow up process, work on simplification of the sustainable solutions.

Operating Network :

Internal Stakeholders :

MC, CEO, COO, Strategic planning & corporate development, BU Head & Teams, Human Resources, GMA, Legal, Corporate Communications, Manufacturing Teams (CTO / FTO Plants), SCM Team (Planning & inventory management, Logistics, Procurement, Strategic sourcing, External manufacturing, Capacity management), Sales and marketing, BD & AM, Portfolio management, IPDO Teams, Quality, Maintenance, Capital projects management, Administration, Industrial relations, Safety, IT teams and Assurance leaders ERM, Compliance, Country and sub-function Finance Heads, BU Head .

External Stakeholders: Audit Committee, Consultants, External Auditors

Reports to: Chief Audit Executive

Location: Banjara Hills, Hyderabad

Experience & Requirements:

- CA / CIA with 12-15 years of experience in manufacturing industry and ERP environment, out of which at least 5- 6 years is in leadership role managing teams. (Manufacturing, Preferably Pharma, ERP environment)

Roles & Responsibilities :

Risk Based Annual Audit Plan :

To Prepare for a Risk Based Annual Audit Plan, considering following factors:

- Universe of all businesses, legal entities, locations and processes

- Risk assessment of each process

- Previous audit results in the audit area

- Emerging risks including top risks identified under ERM

- Key changes in people, systems, organization structure, strategy,

- M&A, business partnerships

- Inputs from AC and management on key risks and concerns

- Fraud risk and proactive reviews for fraud detection

- To Assist in deciding coverage through process reviews, continuous monitoring and anti-fraud control reviews and prioritization based on risk assessment and other relevant factors in order to arrive at an Audit Plan which has a comprehensive coverage and is dynamic to emerging risks

Delivery & Completion of Audits as per Annual Audit Plan :

- Ensure completion of audits as per the approved audit plan and provide guidance & supervision to the team during execution.

- Monitor the engagement progress (including outsourced), ensuring quality and timeliness in execution, appropriate management action plans based on the root cause analysis and severity of the issues and discussing & communicating the results to senior levels of management to improve the efficiency and effectiveness of the processes and achievement of the business objectives.

Post Audit Follow up :

- To monitor the implementation of the audit recommendations and agreed action plans as per their due dates through periodic reviews with the team, ensuring proper documentation of the action taken before closure of the open items and escalation of deviations / delays through monthly MIS to senior management and quarterly reporting to Audit Committee.

Management and Audit Committee Reporting

- Support the CAE in preparing presentations to the Audit committee and for Management reporting.

- Engage with the key stakeholders to increase the visibility of the audit function and add value to the organisation.

Special Audits/projects/Antifraud Reviews :

- Monitor continuously the high level procurements, high value transactions, marketing spends, payroll costs, identify the high volume and high impact areas, identify ways of making the process faster, understand the current trends of Audit process, maturity of the process in the organization, benchmark the vulnerable areas or weaker internal audit processes with the best practices (Industry, other companies), identify the gaps for processes and make a plan of fill up the gaps in order to add value to internal audit process and make robust the high impact processes of the business functions

People Management:

- Conduct goal setting, performance appraisals and mentoring/coaching for own team members; collaborate with HR in manpower planning, recruitment activities and identifying training needs of team members;

Knowledge Management :

- To Identify training needs for the development of the team, conducting knowledge sharing sessions, participating in the seminars & conferences relating to IA.

- To Conduct session/presentation on relevant topics within the team. Enhance employee awareness of internal controls by conducting internal control awareness session with audited and key stakeholders, taking up relevant certification of CIA/CISA / CFE to ensure development of self and team members in order to ensure continuous learning, improvement in efficiency and implementation of best practices