Associate Manager Internal Audit

Role : Associate Manager Internal AuditLocation : BangaloreKey ResponsibilitiesFinancial Outcomes:- Responsible for execution and driving internal audits in commodity sourcing and contribute in elevating process maturity around the areas of audit coverage in line with organizational goals.- Support the Lead by executing and timely completing the Internal audits across various domestic and international operations and business segments.- Identify cost saving opportunities by streamlining the process and benchmarking against industry leading practices- Identifying areas for regular sensitization to promote and maintain a healthy control environment.- During the audit execution, assess the process design and control effectiveness in achieving business objectives. Identify, document weaknesses, and findings with evidence.- Take lead in developing risk analytics and dashboards for sustainable improvement and business partnering.- Support in executing special assignments based on outcomes of the audit, business need/request to help organization in strengthening controls, improve processes.Customer Service:- Proactively identify and highlight challenges and conflicts during audits execution.- Suggest process improvements focusing on automation and digitization opportunities.- Undertake vendor site visits / market visits to gain insights on vendor practices.- Monitoring of various regulations impacting sourcing including sustainability requirements- Work with audit lead and business on pending audit actions to ensure timely implementation of audit recommendation and agreed action plans.- Engage with low to middle management for business in aligning the audit observations, taking their inputs to enhance correctness and quality of observation.- Provide industry-based insights to the stakeholders, during the discussion for better clarity on process gaps, observations, issues etc.Internal Process:- Draft quality reports with clear recommendations, specific action plans, and concise reporting.- Work alongside with co-sourcing and in-house teams to deliver the engagement.- Embed audit inputs from CIA and audit lead, ensure comprehensive audit coverage, robust test procedures, and quality observations.- Ensure audit progress in line with agreed scope document to execution and provide regular updates.- Proactively highlight challenges for timely audit completion in line with agreed timelines.- Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies.- Ensure factual accuracy of observations and alignments with business.- Plan and conduct meetings with auditee at the end of fieldwork, providing clear explanations.- Assist in benchmarking processes with peer FMCG companies to identify improvement areas and best practices.Innovation and Learning:- Support and develop need-based analytics on TGO platform for Internal audit as well as for business on control related aspects.- Attend the trainings suggested by the audit leads and focus on professional development agenda.- Collaborate with other audit leads to share best practices and improve audit quality.- Foster a culture of training to enhance knowledge on covered domains and risk factors.Critical Success Factors- At least2-3 years of work experience, preferably in the FMCG industry or Big 4 / global consulting firms- Possession of a reputable accounting or business degree, such as Chartered Accountant (CA) or ACCA (Association of Chartered Certified Accountants)- Proficient in carrying out process audits around Agri commodity sourcing- Working knowledge of SAP, procurement tools and Power BI / other data analytics tools- Excellent communication skills for articulating complex concepts.- Commitment to professional development and staying abreast with changes in the market.