Internal Audit

**Job Description: Manager Audit Operations**

**Job Description
**Unique Job Role
Manager Audit Operations

**Function
Internal Audit

**Reporting to
Head Internal Audit

**Business
Corporate

**Grade
**Date
**Job Details

The role is responsible for supervising internal audits activities, utilizing staff from the internal audit pool or consulting firms to provide risk-based and objective assurance, advice, and insight

External Interfaces

Internal Interfaces
- Auditors
- Members of Ethics Committee
- Board Audit Committee
- HR & Admin Team
- Process Owners within Assigned Business Areas

Job Requirements

Education
- CA or ICWA

Relevant Experience
- 6 to 8 Years

Behavioural Skills
- Communication
- Stakeholder Management
- Service Orientation
- Relationship Building
- Detail Orientation
- People Management

Knowledge
- Advanced MS Office Skills
- Advanced knowledge of Accounting Software & Systems
- Functional knowledge of Bookkeeping & A/C Principles
- Advanced knowledge of Internal Audits, Controls, ERM & Corporate governance

Process Contributions

Process Contribution

Process Outcome

Performance Measure

Internal Audit: Risk Assessment & Planning
- Identify & update the process list (Risk Audit Universe) to define scope of the audit (Risk Audit Universe)
- Rate all the processes & categorize into various risk categories
- Finalize risk Audit universe by holding discussions with various stakeholders of business units
- Prepare annual Audit plan
- Schedule audits and deploy the necessary resources to ensure that the approved audit plan is timely accomplished
- Risk Audit Universe
- Annual Operating Plan
- Adherence to Operating Plan
- Adherence to timelines

Internal Audit: Assessment
- Define & finalize the scope of audit & methodology with the Internal Audit team
- Lead the people performing audits on various locations of the Company business & coach audit staff on audit techniques and methods of analysis
- Provide inputs to the auditors to help prepare audit finding memorandum
- Provide inputs to the auditors on final audit observations & Assist in categorizing the same as per varying degrees of risk
- Evaluate transactions pertaining to related parties
- Define a proper improvement roadmap by discussing audit observations with auditees
- Operational Efficiency
- Improvement in control environment
- Number of audits completed
- Quality of findings
- Adherence to timelines

Internal Audit: Reporting & Follow-ups
- Prepare the presentation showcasing audit observations to MD and CEOs
- Prepare the quarterly presentation showcasing audit observations to board audit committee
- Prepare the quarterly audit report on related party transactions
- Ensure that all agreed upon action plans are subsequently implemented
- Audit Reports & Presentations
- Implementation of Corrective Actions
- Number of corrective action plans implemented
- Adherence to timelines

Internal Audit: Support
- Assist ethics committee in detailed investigation of any ethics related issues
- Evaluate newly introduced policies / renewed policies for adequacy
- Performs special reviews/ studies requested by the Management & assist on special assignments as needed
- Improvement in ethical conduct
- Process Improvement
- Quality of findings
- Adherence to timelines

Internal Audit: People Management
- Drive a performance driven culture in the team by reviewing performance parameters and providing feedback to the team
- Contribute in talent development by providing subordinates with adequate exposure and growth opportunities
- Ensure periodic follow-up with the recruitment team to fill the vacant positions within stipulated time
- Improvement in team performance
- Adherence to timeline
- Quality of feedback