Audit Manager Job Objective: To lead the internal audit and risk functions for the business in line with the group audit framework and governance mechanisms. Roles & Responsibilities: Strategy: - Lead development of business Audit & Risk plan in alignment with group framework and policies in partnership with Group Risk Experts and respective MAAS Vertical Head - Support the MAAS Vertical Heads with understanding of business nuances to develop BU-specific SOPs and ensure implementation of operational systems and controls basis strategy - Lead annual assessment and share findings with BU CEO and Audit Committee on adequacy and effectiveness of systems and controls of audit and risk function. Note: the assessment would be executed by the BU audit lead along with site champions. The MAAS Vertical Heads would provide the audit guidelines - Follow reporting protocols to drive proactive risk management in collaboration with both the Business CEO and respective Promoter's offices - Track industry trends to understand potential risks for the business and provide inputs to enterprise leads and board. Operations: - Drive implementation of corrective and preventive actions (CAPA) through defined plans in the business in coordination with MAAS Vertical Head & BU Audit Lead - Draw out and execute yearly audit plan for all assets / projects within the business; Study engagement objectives, scope, resource allocation in terms of budgets, skills, manpower etc. - Drive periodic review of all systems, procedures and structures of the BU to minimize and control exposure from compliance perspective; Drive identification of potential entities (site/area/service/system/etc.) for regular audit - Oversee implementation of a portfolio of audit assignments, ensuring that the team plans and delivers audits that cover identified risk areas - Lead investigation of all kinds of incidents and reports, and provide expert advice to BU leadership - Ensure consistent reporting to BU and Group audit and risk committees - Effectively manage identified audit partners to drive execution of audit plan Compliance: - Ensure compliance of business with relevant external regulatory and internal policies to minimize business risk and issues - Analyse audit outputs and oversee implementation of remediation/corrective measures in alignment with Group - Participate in internal performance review meetings to discuss overall team & partner performance Business Excellence: - Basis audit findings provide inputs / recommendations towards improving the current SOPs & DOAs to drive better governance and efficiency at the BU level - Partner with MAAS Vertical head to lead functional excellence initiatives in the business along with the Business CEO and leadership - Review progress of initiatives, ensure adherence to defined timelines, budget, outcomes and methodology Risk Management: - Provide inputs to and oversee implementation of common risk assessment framework for the BU encompassing strategic, project/ bid, operations, organizational risks, and ensure a common language for risk identification, analysis and evaluation - Seek guidance on BU-compatible risk response strategies and various considerations from MAAS Vertical Head for decisioning on risk response methods; review risk response plans for effectiveness & efficiencies - Provide support to MAAS Vertical Head to establish and implement risk governance mechanisms and forums for risk monitoring - Support periodic review of risk performance reports and scorecards across all aspects of risks Technology Management: - Support MAAS Vertical Head in optimal utilization of the Technology & Analytics platform to drive efficiency - Support troubleshooting/escalation of issues, monitor utilization levels and effectiveness - Provide inputs on areas within Audit which could be automated/ integrated with technology Partner Management: - Lead onboarding of partner, and helping them understand the Group's context and practices - Collaborate with partner to establish project plans for audit engagements in the business - Support MAAS Vertical Head in driving partner performance reviews and monitoring as per agreed SLAs - Create partner development plans/ engagement recovery plans in case of significant deviations - Conduct periodic meetings with statutory auditors (along with Audit Committee) regarding BU's internal audit universe, scope of audits, risk assessment updates and internal audit plans and schedule Stakeholder Management: - Engage with BU CEO and other leaders to enhance understanding of business processes, risks, controls and governance measures - Provide SME advice to the Business stakeholders/ Audit Committee on new developments that affect the business Governance & Quality Assurance: - Foster a culture of transparency, compliance and accountability in the business - Establish and lead implementation of audit engagement governance metrics and mechanisms - Define escalation matrix for timely resolution of any issues / incidents People Management: - Develop internal capability in the BU and continue professional development specified by professional or regulatory institutions - Identify / nominate resources to be site champions and ensure their onboarding - Drive a performance driven culture - set goals, review performance, and provide feedback to ensure a motivated and committed team - Develop specific employee capability and build functional excellence through various learning and development interventions and mentoring initiatives - Foster an environment of learning, excellence, and innovation within the team and cross teams Educational Qualification: - Bachelor's degree in Commerce or Technology, or a professional CA degree is required - Post-graduation in management is preferred - Additional certifications in audit are preferred Experiences: - Minimum 5-8 years of experience in a large/ mid-sized organization with specific experience in a plant site required - Exposure to business operating model and processes in specific business area in plant operations - Ability to understand business process and carry out the process documentation in an analytical and meticulous manner. - Exposure to framework, tools & techniques pertaining to enterprise controls, compliance and risk management - Excellent organizational agility at prioritizing tasks, aligning large groups of stakeholders and driving results

Ahmedabad

Gujarat

Manager - Audit - Chemicals/Infra 

Manager - Audit - Chemicals/Infra  ,Job Description for Manager - Audit - Chemicals/Infra  in Addrec Solutions in  Ahmedabad Gujarat for (5-11) years of experience. Apply Now!

Job Description for Manager - Audit - Chemicals/Infra  in Addrec Solutions in  Ahmedabad Gujarat for (5-11) years of experience. Apply Now!