Orient Electric - Head - Internal Audit

1. Internal Audit Delivery:

- Develop the Annual Audit Plan, considering regulatory requirements, financial impact, and risk-based scoping/frequency of business areas.

- Manage statutory requirements to maintain and refine the Process Risk and Control Matrix (RCMs) for business processes in line with IFC requirements shortlisted for internal audit by the Audit Committee.

- Collaborate with the Internal Audit Agency's Partner and their resources to execute internal audit activities as per the Audit Calendar approved by the Audit Committee.

- Continuously refine detailed control objectives to ensure comprehensive coverage of the scope prescribed in relation to business processes covered under Internal Audits.

- Ensure good coordination between audit teams, internal and co-source partners, management representatives, and operational teams.

- Ensure adherence to timelines for corrective action plans by process owners to close open audit issues.

2. Risk Management:

- Anticipate risks and issues through research and interviews with key stakeholders to monitor internal control issues and manage risks within the organization's risk appetite.

- Apprise key stakeholders of major internal control issues and opportunities for improving business processes by providing analytical data for continuous monitoring of internal controls.

- Ensure compliance with IFC and ERM requirements and drive improvements to existing controls mapped under these frameworks.

3. Advising Management:

- Visit plants/branches at regular intervals and discuss various issues related to compliance with audit observations, business process reviews, and improvements in internal controls.

- Review SOPs of departments to provide input to Business Heads, helping strengthen internal audit standards and practices while defining processes and procedures.

4. Other Responsibilities:

- Prepare reports for any special purpose assignments as required.

- Document results of audit work in accordance with the guidelines of the audit department.