AddressInternal Audit - IFC/SOX
Role & responsibilities:
- Understanding of ICF (Internal control framework) modeled using COSO framework for each process like P2P, A2R, O2C, P&S, etc., and documentation of RCM, SOPs, and test scripts for Controls Identify, assess, and monitor risks by developing a risk management plan and strategy.
- Monitor engagement progress, manage risk, and verify key stakeholders are kept informed about progress and expected outcomes constantly.
(Internal Audit & SOX Compliance):
- Documentation of Risk Control Matrix (RCM), SOPs, and Test script for SOX Controls. Planning for the test of controls & walkthroughs based on control frequency.
- Performing process-level control Testing to check the operating effectiveness of SOX controls along with appropriate documentation & planning remediation for deficiencies found during testing.
- Performing Process & control Walkthroughs to check design effectiveness in the process implemented for different regions. Follow-ups & continuous monitoring to remediate the issues.
- Preparing flowcharts for business processes. Understanding of control framework modelled using COSO. -Supervising a team of SOX audit personnel and managing the review & performance of audit procedures.
- Documentation of Risk Control Matrix (RCM), SOPs, and Test script for SOX Controls. Planning for the test of controls & walkthroughs based on control frequency. Reviewing control processes with control owners.
- Communicating the results of assignments through written reports and oral presentations on a timely basis to the manager & SOX Associate director. Follow-up for ICFR certifications with control owners.
- Identify opportunities to improve business processes and assist clients in addressing compliance, financial, operational, and strategic risk.
- Engage in conducting reviews of policy and procedures, systems, internal control, documentation of standard operating procedures, development of enterprise risk management framework, project risk management reviews, independent validations of time (scheduling), cost (budgets), and quantity (BOQ), reconciliations and theoretical co-efficient validations as per IS codes, revenue assurance, cost & working capital optimization, business plan, and strategic advisory.
- Research, compile, and introduce leading practices in the industry(s) in terms of management style, processes, practices, tools, and technology.
- Maintain internal quality guidelines for the engagement within the budgeted time.
Preferred candidate profile:
- Minimum 4 to 6 of experience in a related field, preferably in internal audit, consulting, advisory, professional services, and/or industry.
- Exposure to diverse industries including TMT, Automotive, Manufacturing, Pharmaceuticals, Real Estate, Contracting, Infrastructure, Oil & Gas, and industrial projects. - Must have a strong local/regional community network and be an active member of trade and professional associations.
- Any of the above industry exposure is fine.
Soft Skills:
- A good blend of creative thinking and rigorous analysis in solving business problems.
- A high-energy individual possessing excellent analytical, interpersonal, communication, and presentation skills. Adept at preparing and presenting to senior audiences.
- Working knowledge of auditing processes and methodologies, including flowcharting.
- Working knowledge of Sarbanes-Oxley Act provisions and methodologies for achieving compliance.
- Working knowledge of the Companies Act 2013.
- Proficient in Microsoft Office suite applications. Prior project management and supervisory skills are required.
- Strong internal personnel, analytical & management skills.
- Good oral and written communication skills including documentation of findings & recommendations.
- Able to handle highly confidential information in a strictly professional manner.
- Able to maintain a professional demeanor in times of high stress. Open to travel as per client requirements.
- Enjoys travelling and meeting new people. Flexibility to travel to, and work in, other locations are essential.
