Internal Audit Manager

Job Description

Role & responsibilities : • Undertake preliminary assessment of internal controls framework, examining the design and their current operating effectiveness addressing risks and accomplishing the Companies goals and objectives. • Prepare and/or follow internal controls and compliance work programs. • Review processes to ensure the adequacy of internal controls, processes and policy adherence mechanism. • Complete annual testing and documentation of Internal Controls • Plan and perform and monitor full audit cycle including risk assessment, review operations for efficiency and effectiveness, reliable financial reporting and compliance with the applicable rules and regulations • Conducting periodic Process & System Audit, Operation Audit, Management Audit and Compliance Audit as per the Annual Audit Plan. • Undertake surprise audit/investigations as required by management. • Set up and maintain the Internal Control database, ensure timely execution of controls. • Conduct meetings and Communicate Internal Control issues with relevant stakeholders on the Group Company level • Preparation of accurate and timely reports on financial audit findings, including recommendations for improvement. • Ensure development of Standard Operating Procedures (SOPs) of the Company. • Work collaboratively with operations team to discuss the Audit findings and develop action plans to resolve identified gaps. • Tracking open audit issues for effective implementation on due date as agreed by process owners • Conduct follow up audits to monitor managements observations. • Assessing and ensuring the company’s compliance with applicable laws, regulations and company policies in India. • Engage for continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques, and performance standards. • Participate in ad-hoc internal control-related projects-development of Risk Control Matrix (RCM) • Perform other related duties assigned by the line manager. Example of duties: Plan and execute audit engagements, including data analysis and testing. Review financial statements and supporting documentation. Evaluate internal control systems and ensure adherence to applicable Indian laws. Perform risk assessments and internal control evaluations and detect discrepancies. Internal Audit Executive (FINANCIAL & OPERATIONAL AUDITS) Identify and investigate potentially fraudulent activities or financial irregularities. Prepare and present audit reports to stakeholders and shareholders. Monitor the implementation of audit recommendations and execute remedial actions. Stay updated with the latest industry regulations and best practices in internal auditing. Preferred candidate profile :