Assistant General Manager

Job Role: Sr. Manager/AGM Internal Audit

Locaiton: Samba, Jammu

Principal Accountability:

The Sr. Manager/AGM Internal Audit is primarily accountable for establishing and maintaining a robust internal audit framework that ensures organizational compliance, operational efficiency, and effective risk management across all functions and sites. This role is crucial in providing independent assurance to the Board and management regarding the adequacy and effectiveness of internal controls, adherence to regulatory requirements, and the integrity of financial and operational processes.

Major Purpose of the Job including Principal Tasks and Responsibilities:

A. Internal Audit Responsibilities

The core purpose of this role within internal audit is to proactively identify and mitigate risks, enhance operational effectiveness, and ensure a strong control environment. This is achieved through the following key responsibilities:

• Compliance Assurance:

  To guarantee that the organization consistently meets all applicable legal, regulatory, and internal Standard Operating Procedure (SOP) requirements.
• This involves designing and executing comprehensive internal audits across diverse functions and geographical locations to identify and address any non-compliance.

• Audit Execution & Coordination:

  To manage the entire lifecycle of internal audits, whether conducted by external firms or internal teams.
• This includes meticulously overseeing the timely completion of audits, ensuring strict adherence to the approved audit scope, predefined timelines, and expected deliverables.

• Cost Optimization Reviews:

  To contribute directly to the organization's financial health and efficiency.
• This involves conducting regular, in-depth reviews of processes and expenditures to identify opportunities for cost reduction and recommending actionable strategies to enhance operational efficiency.

• Regulatory Compliance Monitoring (CATS Tool):

  To maintain an up-to-date and effective regulatory compliance posture.
• This requires continuous monitoring and enforcement of timely adherence to new and updated regulations, specifically leveraging the CATS tool for this purpose. The role involves ensuring the tool is regularly updated with new regulatory information and actively following up with process owners to confirm compliance.

• Standards Enhancement:

  To drive continuous improvement and maintain the highest quality in internal audit practices.
• This involves perpetually enhancing audit methodologies and standards, ensuring they remain relevant and effective by aligning them with evolving regulatory frameworks and adopting industry best practices.

• Audit Awareness & Training:

  To cultivate a strong compliance culture and improve the organization's audit readiness.
• This involves developing and leading training programs aimed at building employee understanding of internal audit processes, their importance, and the organization's compliance expectations.

B. Additional Responsibilities

Beyond the core internal audit functions, this role contributes strategically to the organization's governance and risk management framework:

• Forensic Investigations:

  To address instances of financial irregularities or fraudulent activities.
• This involves leading or actively supporting forensic investigations, potentially acting as an individual contributor or supervising a team. Possession of relevant certifications like Certified Fraud Examiner (CFE) is highly desirable, indicating specialized expertise in this area.

• Strategic Contribution:

  To play a vital role in shaping the direction and effectiveness of the internal audit function.
• This includes actively participating in the development and ongoing refinement of the internal audit strategy and its detailed execution plans, ensuring alignment with overall business objectives.

• Team Development:

  To foster the growth and capability of the internal audit team.
• This involves mentoring and guiding junior audit team members, promoting their professional development, and encouraging knowledge sharing within the team.

• Governance Reporting:

  To provide critical insights and assurance to the highest levels of organizational governance.
• This involves preparing comprehensive reports and presenting key audit findings, insights, and updates during quarterly Audit Committee and Risk Management Committee meetings of the Board, thereby informing strategic decision-making.

Mandatory Requirement:

Only candidates who are certified Chartered Accountants may apply. Candidates with Inter CA qualification will not be considered for this role.