Head – Internal Controls

2 weeks ago

Chennai, Tamil Nadu, India Ciel HR Full time ₹ 9,00,000 - ₹ 12,00,000 per year
Job DescriptionResponsibility:
  • Actively participates in the development of the 3-5 years strategic audit plan; this defines the audit assignments to be done annually
  • Participates in the review of the plan at the beginning of each year to reconfirm that risks remain relevant and priority levels are the same
  • Participates in the development of the plan for financial, operational, compliance, performance and information technology, detailing assignments, time frames and resources required and submits to the Managing Director for review and approval
  • Identifies significant processes, develops audit objectives and prepares the risk assessment process for each audit assignment.
  • Leads the planning and execution of audit engagements
  • Properly and adequately documents the work done for understanding the business of the Business Units/ Functions under review
  • Performs a detailed review of the Internal Auditors' working papers
  • Provides ongoing coaching and guidance to the Internal Auditors throughout the audit engagement
  • Regularly updates the Business Heads / Director – CA & HR / CFO regarding the status of the audit engagements, including key findings and constraints faced
  • Uses computer assisted tools on audit engagements
  • Keeps the auditee updated on the status of the audits and clarifies or confirms, on a timely basis, observations noted during the course of the field work
  • Ensures that work papers are properly and adequately documented.
  • Drafts and finalizes Internal Audit Reports; reviews the internal controls exception sheets submitted by the Internal Auditors
  • Leads the execution of follow-up engagements; regularly monitors the status of action plans
  • Executes special investigations as requested by the Managing Director / CFO
  • Participates in the internal controls staff recruitment process
  • Participates in the development of a proper professional development program for subordinates and regularly monitors their progress and performance; prepares training calendar for the Internal Auditors
  • Participates in setting individual staff objectives and a professional development plan for measuring performance; assists in the development of department objectives and identification of metrics to track performance
  • Prepares the budget for each assignment and presents it to the MD / CFO for review and approval
  • Provides the technical expertise on any related assigned duties and is responsible for updating knowledge base and skills required for the execution of the internal Controls assignments on regular basis
  • Reviews the work allocation to ensure that the team assigned possesses the requisite knowledge, skills and other competencies required to complete the audit assignment
  • Provides appropriate instructions and guidelines during the execution of the audit assignment to achieve the audit objectives
  • Resolves issues with the Department / Section / Function under review
  • Coordinates with the co-sourced or outsourced parties as required
  • Keeps abreast of developments in the field by engaging in professional development activities
  • Performs other duties as assigned by the MD / Audit Committe
  • Authority
  • To prepare audit programme
  • To carry out the audit
  • To inform the concerns to the Management

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