Sanjay Ghodawat Group - Manager - Internal Audit - CA

Description:

Chartered Accountant (CA) - Minimum 7 to 9 years of experience in internal audit, risk management, or assurance roles.

Purpose

- Responsible for internal audit function of the organization, ensuring that internal financial controls, operational, compliance, risk, and governance frameworks are robust, effective and aligned with corporate objectives and regulatory requirements.

- To provide independent assurance and insights, help mitigate risks, enhance operational efficiency, prevent / detect fraud, and ensure integrity of reporting and controls.

Role and Responsibilities

Audit Strategy & Planning

- Develop a risk-based internal audit plan annually across functions

- Get the plan reviewed and approved by the Audit Committee.

- Periodically reassess risks and update the audit plan to reflect emerging risks (e.g. cyber risk, regulatory changes).

Execution of Audits

- Conduct audits: financial, operational, compliance, IT financial controls as applicable.

- Use data analytics and digital tools to improve audit coverage, efficiency, and depth.

- Special investigations / forensic audits in cases of suspected misconduct or fraud.

Evaluation and Strengthening of Internal Controls

- Test and evaluate control design and operating effectiveness; ensure preventive and detective controls are functioning.

- Ensure adequacy of internal financial controls, SOPs, policies and processes.

Compliance & Governance

- Ensure compliance with statutory, regulatory, company policies, ethical standards.

- Work with Audit Committee: provide reports, present major findings, ensure follow-ups.

Reporting & Communication

- Prepare audit reports that clearly present findings, risks, root causes, recommendations.

- Follow-up on corrective actions / closure of audit observations.

- Present summaries / dashboard reports of audit status and major issues to Senior Management & Audit Committee.

- Manage relationships with external / third-party auditors, consultants, co-source or outsource parts of the audit.

Continuous Improvement

- Recommend process improvements, cost optimizations, efficiency improvements.

KPIs

- Timely completion of audit plan (100% coverage as per plan, or reasonable adjustments for emerging risks).

- Number of major findings, and % of high severity findings closed within timelines.

- Improvement in key control weaknesses metrics over time.

- Stakeholder satisfaction (senior management / Audit Committee).

- Cost savings / value additions identified through audits

- Audit cost effectiveness (i.e. internal cost of audit vs benefits / risk mitigation).

- Proven expertise in risk-based audit planning, process review, internal controls, and compliance frameworks.