Team Lead

JOB DESCRIPTIONJob Role Team Lead - AuditJob Role ID SECTION I BASIC INFORMATION ABOUT THE JOB ROLEJob Role Variant Sr Team Lead - AuditManager Job Position Head - AuditJob Position ID Value Stream Money Materials ComplianceJob Family Finance Compliance AuditSub-Job Family CentralGrade Level Location SECTION II PURPOSE OF THE ROLETo plan manage and supervise the delivery of audits led by self or team within a specific segment function and ensure the segment fulfils international and government obligations on compliance internal SOPs processes while adhering to RIL auditing standards methodologySECTION III KEY RESPONSIBILITIES AND ACCOUNTABILITIES OF THE ROLEResponsibilitiesPolicies Processes and Procedures Develop and implement audit policies and procedures that align with the organization s overall audit obligations Assist in formulation of overall plans and ensure day-to-day execution in line with function standards regulations Implement new initiatives projects as per established policies to meet future requirements Provide inputs for improvements in business processes specifications and best practices in the area of audit Audit Delivery Support the relevant Head of Audit in development of Annual Audit Plan Support the Head of Audit in identifying audit areas and developing audit programs that test the adequacy and effectiveness of internal controls compliance with policies and accuracy of financial reporting Manage the planning and scheduling of internal audit engagements within the segment including the allocation of audit resources coordination with business units and communication with senior management Ensure that audit engagements are completed in accordance with audit standards internal policies and procedures and within budget and timeline Provide subject matter expertise to other segments basis requirement by working on audits outside specific segment for development purposes Review draft Terms of Reference documents and test plans prior to the relevant Head of Audit s review Plan site visit for self and team members to various retail sites for audit Propose areas in retail audit operations to increases the usage of analytics and leverage the available data for risk mitigation Audit Review Recommendations Review audit findings and recommendations for accuracy completeness and relevance Review audit reports and presentations that summarize audit findings and recommendations and communicate the results to senior management Ensure that audit reports are consistent with audit standards internal policies and procedures and regulatory requirements and effectively communicate audit results Ensure that appropriate follow-up actions are taken on audit findings and recommendations within the segment Monitor the implementation of audit recommendations and assess the effectiveness of corrective actions taken Risk Management Drive the implementation of effective risk management practices throughout the segment including risk assessments risk mitigation strategies and risk monitoring Ensure that risk management practices are consistent with best practices internal policies and procedures and regulatory requirements Collaborate with other departments to promote risk awareness and implement effective risk management practices Facilitate risk management training and education to increase the respective segment s understanding of risk management Identify emerging risks and trends that may impact the work of the respective segment and provide recommendations to senior management Monitor changes in the business environment technology and regulatory landscape that may pose new risks Identify and propose risks to business for their assessment and conduct audit as per plan for the approved risks by business teams Audit Supervision Provide guidance and support to the internal audit team Lead working for the respective segment on audit methodologies procedures and techniques Ensure that the team adheres to audit standards internal policies and procedures and professional ethics Share relevant context and provide coaching to the team lead to aid them in their development of the Terms of Reference and Test plans Support the team lead during audit fieldwork including receiving status updates providing direction providing coaching and context reviewing interim findings supporting escalation processes Review draft reports and working paper and maintain overall accountability for effective and efficient delivery of the audit through delegation to the audit team lead support for execution where required Compliance Ensure that the internal audit function operates in compliance with all regulatory requirements Monitor regulatory changes and assess their impact on the organization s internal audit program Demonstrate leadership in HSSE and ethics within the Audit Function specifically Office HSSE and OSF Driver Safety Standard Travel IT and data security PRP and V B Governance Support the Audit head and act as an advisor on various mandates given by senior management board members Review prepare and conduct business reporting meetings and handle audit committee business risk and assurance committee meeting weekly meetings People Management Participate in recruitment activities ensure retention engagement of own team Set performance objectives of own team evaluate appraise team members and provide regular feedback guidance Guide mentor and develop own team to take larger and complex responsibilities Evaluate training and development requirements for own team and make recommendations for learning interventions SECTION IV SUCCESS METRICS Audit delivery - plan vs actual Quality of audit findings measured through financial savings cost optimization etc 100 regulatory compliant Audit recommendations for system and process enhancements Closure of audit findings Self upgradation development initiatives taken SECTION V OPERATING NETWORKInternal Senior Management Risk Management and Operations Team Corporate Finance Team Accounting Team Tax Team Legal Team Master data management team Business level CFOs CEOs CXOs Segment level functional head External Statutory auditors CA Consulting firms SECTION VI KNOWLEDGE AND COMPETENCIESEducation Qualifications A bachelor s degree with CA CMA or MBA is mandatory CIA CISA an added advantage Experience 12 to 15 years of experience with a Big-4 audit firm in conducting audit for multiple clients or an exposure of internal audit function with a large multinational corporation Functional Behavioural competencies required to execute the roleFunctional Competencies Analytical skills Communication and Presentation skills Working understanding of concepts and amendments in Taxation Financial management Financial modelling Working knowledge of SAP- FICO MM module Business acumen Behavioral Competencies N A SECTION VII CAREER MOVEMENTSFeeder Roles Team Lead - Audit Possible Next Role Movement Head - Audit