Manager - Internal Audit & Information Security at IFFCO

Ref Id: 3685

Job Summary

• To support the Head Internal Audit in carrying out internal audits at IFFCO Group and ensure that the management is made aware of process risks and implementation gaps across various internal functions

Roles & Responsibilities

• Strategic - In conjunction with the Head Internal Audit lead the implementation of the Internal Audit strategy and oversee effective execution of audit plan in line with IFFCOs long term strategic objectives.
• Operational - In line with IA standards and best practices, develop Audit manuals and SOP's for conducting process audits across businesses and ensure regular updates of the same. Present the manuals to the Head Internal Audit for signoff
• Provide support for closure of the audit process including plan preparation, organization of timelines and milestones, coordination with external auditors for execution, follow up for closure of non-compliance observations and supporting the Head Internal Audit in closing presentation to the senior management
• Conduct audits as per the annual audit plan and audit charter and ensure adherence to audit deadlines
• Thoroughly understand the business processes, related risks and controls, and collect credible information to support conclusions and findings in the audit report
• Identify all process risks in a timely manner and highlight the same to the Head Internal Audit
• Identify potential areas of compliance vulnerability and risk and develop/implement corrective action plans for resolution of problematic issues
• Prepare issue summaries around the identified audit observations and ensure timely submission of audit related reports/ updates to the Head Internal Audit
• Provide regular updates to senior management, support them in implementing these inputs and in close coordination with the Head Internal Audit develop maintenance systems for tracking implementation and upkeep
• Conduct regular follow up with the different businesses in order to have maximum adherence to the process audit recommendations
• Continuously engage with stakeholders across the organization to understand the ongoing risks within the business and support them to address it in a timely manner
• Work with respective Business Heads (MDs and CEOs) and oversee the actions undertaken by the various businesses to address process audit report recommendations, highlight any issues related to the implementation of audit recommendations and follow up on their resolution.
• Support Head - Internal Audit in conducting annual risk assessment exercise and continually monitor the risk universe to assess the critical strategic, financial and operational risks facing the company
• Identify and present best practices and business process improvement opportunities to the Head Internal Audit / top management
• Contribute to the identification of opportunities for continuous improvement of audit processes and practices taking into account international leading audit practices, cost reduction and productivity improvement

KPIs:

• % adherence to timelines for completion of audits
• % adherence to TAT for submission of Internal Audit reports
• % adherence to Internal Audit Charter
• % adherence to the Audit plan
• Number of policies/SOPS reviewed and number of critical GAPs identified
• % closure of Surprise or special audits completed
• % closure of Investigation issues raised

Requirements/Qualification

• Chartered Accountant
• Global internal audit certifications like CIA, CISA, and CSAA are preferable.

Work Experience:

• Minimum of 7+ years of related experience with reputed audit firms
• ERP System based Auditing experience is preferred

Competencies:

• Planning & Prioritizing
• Maintaining Objectivity
• Process Excellence
• People Leadership
• Planning & Decision Making
• Analytical Ability
• Business Acumen
• Communicating Effectively