Global Lead/Head - SOX

Purpose : To ensure audits / SOX reviews as per audit / SOX plan are completed with all deliverables of process documentation, audit program and work papers and audit report and ensure / coordinate for proper remediation

Experience in Internal Audit & Enterprise Risk Management :

- Internal Audit

- Risk Management

- Process Reviews & Control Assessment

- Business Process Improvement and corporate governance.

- Management of end-to-end Audit & Risk function

- Activities to include setting up of function, preparation and roll out of framework, annual planning & execution and reporting to Audit Committee

Specialist in :

- Corporate Governance

- Risk based Internal Audit

- Regulatory Compliance

- Fraud Investigations

- Enterprise Risk Management.

- Business Understanding: Expert knowledge of business processes in manufacturing industry, FMCG / pharma knowledge will be preferable.

- Within: Agreed timelines and following the guidance in IA Manual / professional standards and practices

- With the objective of: Providing assurance on the design and operating effectiveness of internal controls over financial reporting / operational controls in the areas handled

Skills :

- Review SOX requirements [namely Risk & Control Matrix (RCM) and Process Flow Diagrams (PFD) ] revision process In order to assist BU controllers in maintaining the S-OX documentation to reflect current business process.

- Review workings on yearly management testing plan; identify units / process having potential financial risks based on past performance; consider future business strategy; seek inputs from key managerial personnel In order to identify Units / process to be covered under SOX testing plan for the year

- Review the testing plan and scope; schedule resources for assignment execution [in-house, consultants]; monitor progress of the assignments In order to ensure assignments are executed on timely basis

- Interact with SOX coordinators and process owners for implementation of agreed upon action plans and recommendations and assist CIA & Head of SOX to compile status for communicating to Senior Management on a periodic basis In order to ensure timely implementation of action plans and recommendations

- Review / Co-ordinate with IT team and Consultants / external auditors over controls testing for general and application of IT systems in place. Also ensure inhouse expertise development for IT testing. Resolve unremediated observations in discussion with IT team.

- Identify business units / subsidiaries that require SOX compliance as per threshold specified by Audit Committee.

- Identify business units / processes / Indian subsidiaries that require compliance over IFC requirements of Companies Act, and frame / revise Internal controls that include ICOFR (already covered in SOX) as well as operational controls.

- Involve in discussions with management and suggest / review areas within BU (Special & AFR) that need to be added under scope for the year, and help CIA incorporate the same in final Audit plan

- IN ORDER TO arrive at an Audit Plan which has a comprehensive coverage and develop an assurance that internal controls are robust

- Planning, Scope & Reporting of Special Audits & Anti fraud reviews as per plan & Management inputs

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