Head - Internal Audit and Risk Management

4 weeks ago

Angul, India Flintstone Solutions Full time

Responsibilities:

Internal Audit

  • Develop and execute a risk-based annual internal audit plan covering steel manufacturing, mining, power, and infrastructure operations.
  • Lead audits across Finance, Business Operations, Sales, Procurement, Logistics, Projects, HR, Safety, Occupational health, and IT (SAP/ERP).
  • Ensure effective evaluation of controls in high-risk areas such as blast furnace, SMS, coke oven, rolling mills, utilities, Raw Material, Consumables and FG inventories, and RM and FGlogistics.
  • Conduct techno-commercial reviews of large projects, contracts, and capital expenditures.
  • Perform/Support forensic audits and fraud investigations, ensuring timely corrective actions.
  • Present key audit findings and recommendations to the Audit Committee and Senior Management Team.

Risk Management

  • Establish and strengthen Enterprise Risk Management (ERM)aligned with COSO/ISO frameworks.
  • Identify strategic, operational, financial, compliance, safety, and ESG risks across the business value chain.
  • Maintain a comprehensive risk register and conduct periodic risk assessments.
  • Develop mitigation plans in collaboration with business leaders and track implementation.
  • Drive integration of risk management into business decision-making and project evaluations.

Governance & Compliance

  • Ensure compliance with statutory requirements, SEBI, Companies Act, and global best practices.
  • Monitor SOX/ICFR controls and IFC implementation across processes.
  • Promote ethical culture, whistleblower mechanism, and anti-fraud frameworks.
  • Support management in sustainability, safety, and ESG-related risk reviews.

Leadership & Stakeholder Management

  • Lead a multidisciplinary team of auditors, risk specialists, and forensic experts.
  • Engage with Audit Committee stakeholders, senior plant leadership, and regulators as required.
  • Collaborate with cross-functional teams (Finance, Operations, IT, EHS, Procurement, Projects) to implement corrective actions.
  • Build digital capabilities in internal audit(analytics, AI, continuous auditing, RPA).

Qualifications & Experience

  • Chartered Accountant (CA) / Certified Internal Auditor (CIA) / CISA or equivalent.
  • 15-20years of experience, with at least 10 years in lead roles in Internal Audit & Risk Management.
  • Strong exposure to steel, manufacturing, mining, or large-scale industrial projects.
  • Hands-on experience in ERM frameworks (COSO, ISO31000, FMEA), SOX/ICFR compliance, and SAP/ERP audits.
  • Proven track record of handling board-level reporting, governance, and cross-border audits.

Key Competencies

  • Strong knowledge of steel plant operations, process risks, and project techno-commercial reviews.
  • Analytical mindset with expertise in data analytics, risk modeling, and forensic reviews.
  • High ethical standards, independence, and ability to challenge constructively.
  • Excellent leadership, communication, and stakeholder management skills.
  • Strategic thinker with ability to link audits with business performance and cost optimization.

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