Address
Form of work
SalaryJob Purpose:
To assist Corporate Function Head in providing assurance and recommending improvements in overall Risk Management and Internal Control processes across Group businesses by:
1) Developing thorough understanding of every business
2) Assure timely development Risk based Annual audit plan and focus on effective execution with emphasis on quality of deliverables.
3) Add value to the business through Special Projects to help management identify and mitigate risks, ensure compliance, improve operational efficiencies, and strengthen internal control environment
4) Present audit findings in an objective, independent and concise manner to enable Management and Audit Committee to take corrective action.
5) Provide assurance to Management and Audit Committee that internal controls are effective and risks are being managed.
6) Establish / Improve Internal Audit processes and monitor them to ensure desired business objectives are achieved.
Areas:
Key Result Areas/Accountabilities
Supporting Actions
Assist Corporate Function Head in performing Risk assessment and developing an Annual Audit Plan for the business
1. Gain detailed understanding of the business and continuously track changing business environment. 2. Interact with Senior Management at businesses and obtain their perspective on emerging challenges. 3. Work closely with the Corporate Function Head in identifying Risk universe and completing risk assessment for business. 4. Formulate Annual audit plan in consultation with the unit incharge Corporate Function Head and Corporate functional heads.
2.To effectively drive audit service delivery for businesses
1. Allocate work amongst team members (including co-sourcing partners) to ensure best fit. 2. Brief audit team on nuances of audit scope prior to audit commencement.
3. Travel to the Audit locations for conducting Audit reviews.
3. Conduct opening meetings and monitor field work of the team.
4. Perform periodic work review to ensure audit scope is covered adequately.
5. Review audit findings drafted by the team to ensure comprehensiveness, clarity, correctness and conformance to internal reporting guidelines. 6. Discuss audit findings with Unit /Corporate Management team in the audit closing meeting and issue the draft audit report.
7. Review management response / action plan on draft audit report and finalise report in consultation with Corporate Function Head for distribution.
3. To improve audit quality and adhere to audit timelines.
1. Keep inventory of skill sets / competency of team members (including co-sourcing partners) to ensure right person for right job. 2. Leverage business knowledge, data analysis and other IT tools to enhance audit effectiveness. 3. Share knowledge / good practices across teams. 4. Ensure comprehensiveness and relevance of Audit Work Programs at any given point in time. 5. Drive team members to get process flows documented and keep them updated at any given point in time. 6. Engage with other Hub in-charge, Corporate Function Head and senior members of Co-sourcing partners. 7. Complete AQQ process after audit completion. 8. Track and ensure Job Description assignments are completed within the budgeted timelines.
4. To motivate and lead the team
1. Provide objective feedback for improvements to corporate audit and co-sourcing partner teams. 2. Promote talent and encourage innovativeness / creativity amongst all team members. 3. Promote bonding between corporate audit and co-sourcing partner teams. 4. Identify and develop corporate audit team members for occupying positions of higher responsibilities.
5. Ensure the Team is travel ready to conduct audits at domentic and overseas locations
5. To effectively communicate engagement results to Senior Management
1. Present key findings / updated status to COO s/business leadership team. 2. Assist Corporate Function Head in collation and presentation of key audit findings to the Executive Management and Audit Committee of the Board. 3. Assist in positive contribution to business practice improvements.
6. To assist Corporate Function Head / undertake Special projects / consulting work
1. Undertake special assignments / projects based on the business needs / requests. 2. Advise unit and Corporate on policy guidelines / framework and changes to strengthen control environment and governance processes. 3. Assist Corporate Function Head and Corporate Audit Head in completing projects to improve audit methodology / practices. 4. Track leading practices in Internal Audit space and update Business Audit and Corporate Audit Head.
You can apply directly to me or can also share your cv to [email protected] or can also reach out to me on LinkedIn - (1) Aakriti Pandey | LinkedIn
