About the client:

- Company Name: A MNC

- Industries: Semiconductors / Electronics

- Company Type: Fortune 500

- Funding Stage: Series A

- Headquarter Location: Bangalore

- Nature of Offering: R&D/Development Center

- Founding Year: 1990

- No of Employees: 5001-10000

Roles & Responsibilities :

- Responsible for the internal audit function of the organization, including reviews of internal controls existence & adequacy as well as evaluating, guiding, and overseeing the third party co-sourced Internal Audit team to ensure the requirements of the Global Senior Vice President of Internal Audit and the Audit and Compliance Committee are met.

- Performing risk assessments that lead to the annual audit plan. Oversee the preparation / development and execution of risk-based audit programs that clearly define the objective and scope of each review, employing critical thinking and appropriate testing methodologies.

- Reviewing internal processes and providing independent assurance that governance, risk management and internal control processes are adequate and are operating effectively.

- Reviewing the output of co-sourced work done by third party Accounting/Auditing firm.

- Working closely with the Global Internal Audit team and Chief Financial Officer in India in review of internal controls and related compliances, including compliance with the requirements of Section 404 of the Sarbanes-Oxley Act in the U.S.

- Preparing audit reports and submitting monthly internal audit open items report to key stakeholders.

- Providing advisory services that include training, systems development reviews, facilitating control self-assessments, and providing advice on improvements in internal control procedures to enhance effectiveness and assurance.

- Preparing quarterly internal audit summary reports and presentations for the Audit & Risk Committee of the Board. Assisting the Board and Audit & Risk Committee in ensuring that key internal controls over Financial, IT & Security, Compliance and Operations are in place and are operating satisfactorily as per statutory requirements.

- Keep abreast of latest developments in the internal control environment and requirements from a local as well as US regulatory perspective.

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