Manager - Internal Audit & Enterprise Risk Management - FMCG

Our leading FMCG client is looking for Manager - Internal Audit and Enterprise Risk Management (ERM) for Mumbai

Department: Finance, Legal and IT

Reporting to: General Manager Internal Audit

Band: Senior Manager

Job Summary:

- The position is an exciting and challenging opportunity for a dynamic audit team member who seeks to build on their expertise in a fast-paced and dynamic environment. This position contributes to companies success by understanding the business objectives and risks associated with the organizational growth.

- The objective of this role is to assist in Internal Audit (IA) Services in developing and executing the annual audit plan and contribute to the IA function by identifying risks associated with business objectives and evaluating the controls in place to mitigate those risks in order to improve the effectiveness of control, and governance processes.

- The position will also assist in devising and implementing the ERM framework aimed at early identification of emerging risks, their quantification, and assessment of need for potential actions by management aimed at reducing said emerging risk. This role has a direct exposure to senior leadership team of the company.

Education & Experience:

- Chartered Accountant/ ICWA (with early years training in big 4 Internal Audit team, CIA or CISA is an advantage).

- 4+ years of experience in Internal Audits in the QSR/ Retail/ Food & Beverage Industry

- Experience of working on Data Analytics.

- Experience in leading teams

- Has a keen understanding of the enterprise risks of this sector and proactively integrates this with the business context.

- Knowledge of COSO Risk and Internal Control framework

- Working knowledge of professional IIA performance standards with regarding to planning, testing, sampling, and documentation

- Good understanding of accounting principles and financial statements

- Well-developed technical proficiency in digital usage including but not limited to SAP environment, Word, Excel and Power Point.

- Experience of working on Integrated audits (business process + IT) and good understanding of the IT environment and related risks.

Summary of Key Responsibilities:

Planning:

- Plan and conduct the opening meetings with auditee to explain the scope and objectives of the audit engagement to auditee and provide an overview of all steps in the audit process.

- Develop a thorough understanding of business processes, policies, SOPs and practices in scope for assigned audits and document the processes in flowcharts and/or process narratives. Identify and document inherent risks and controls within the business processes

- Identify and carry out pre-planning work to narrow down on the focus areas

Fieldwork:

- Responsible as Lead auditor during the fieldwork

- Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology

- Perform audit tests and prepare working papers in accordance with professional IIA standards

- Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives. Identify and document control and process weaknesses and provide evidential support for findings

- Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies

- Plan and conduct closing meetings with auditee at the end of fieldwork, providing clear explanations for identified issues

- Guide and supervise the team members who are part of the engagement

Reporting:

- Participate in closing meetings with business owners, along with the co-sourcing firm and internal staff to facilitate seamless and conclusive alignment of engagements.

- Responsible for preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the department and senior management.

Stakeholder Management:

- Responsible for presentation and alignment of the results of the audits with the senior management.

- Co-develop recommendations and influence the management for overall improvement in control environment. Other Responsibilities:

- Responsible for working closely with the co-sourcing team on engagement basis including supervision

- Development of the annual Internal Audit plan in line with the planning framework.

- Conduct enterprise risk assessments and identify control in place to mitigate identified risks.

- Responsible for developing data analytics queries identifying data analytics, data pattern analysis, logic definition for query and dashboard, quality testing of the exception reports

- Recommend leading practices, appraise adequacy of internal controls & systems, ideas to improve operating effectiveness/ efficiency & identify saving opportunities.

- Lead special assignments from time-to-time.

- Deploy in a collaborative manner with the operating management by providing recommendations that are actionable and solution oriented. Constantly seek to improve the process, control and compliance maturity of the organization.

- Lead investigations on need basis

- Responsible for preparing presentation deck for Audit Committee (AC) meetings.

- Responsible for ongoing follow-up with the business process owners on the implementation of the corrective action plans for the findings highlighted.

- Responsible to execute IFC test of operating effectiveness engagement

Required knowledge, skills, and abilities:

- Good interpersonal skills with a proven ability to communicate effectively (both written and verbal) with all levels within the organization

- Capable of working independently and with minimum supervision

- Ability to stand firm on difficult issues when required and persuade stakeholders for control improvements

- Strong analytical capability

- Commitment to self-development and expansion of knowledge

Superior problem-solving skills with the ability to deliver under tight timelines and with 'can do' attitude.

Interested candidates can apply with your updated resume with below mandate details:

Total Exp:

Rel Exp as Risk analytics:

Total CTC (fixed+variable):

Exp CTC (fixed+variable):

Offer in hand (fixed+variable):

Reporting to:

Notice:

Reason for change:

Current location:

Sharmistha Baliya

hCapital Business Consulting Private Limited

Mobile/ Whats App- : +91-8007555855