Head - Internal Audit

ERM:

Strengthening the ERM framework through industry benchmarking and latest trends Risk Identification, Periodical update from risk champions, Authentication of updates provided Updating o f the risk policy Ensure the implementation of Risk Policy IFC/ ICFR controls

To monitor the continuous effectiveness of IFC/ICFR controls:

- Update RCM for controls based o n business process changes

- Analyse rejections to identify training/hand holding/escalation required

- Development o f controls dashboard and strengthen the IFC framework

- Link internal audit observation with controls and maintain the RCM basis the new observation

- Update / strengthen the process championship model t o make i t more effective

- Strengthen the implementation o f preventive controls tools like CCM / SOH

Automation:

Internal Audit:

- Automation o f controls.

- IT Enablement of controls

- Internal Audit - coordination with IA and plant team on various IA issues for plants and

- To ensure controls are put in place to ensure no repetition of previous points.

- Timely involvement in getting loop closure and adding control in RCM.

- To confirm closing of the open audit issues based o n verification of action points implemented and addressed o n a continuous basis

Responsibilities:

- Prepare Agenda, Synopsis and Minutes for Risk Management Committee

- Conduct training sessions of the IFC/IC/ERM to bring in risk-oriented Culture

- Conduct Risk Assessment for major projects

- Update management with technical updates in the area

- Discuss and conclude with Stat auditors o n IFC and ERM and ensure Compliance

- Own all finance policies & Process documents (SOP) and keep them Updated

- Develop Policies needed t o strengthen the process not only i n Finance but with other cross functions also

- Manage and update the Authority Matrix to be i n line with business needs