We're hiring for the profile of Vice President- Internal Assurance
SKILLS AND QUALIFICATIONS REQUIRED
CA, B.Engg / B.Tech / MBA - IT / MBA with additional qualifications such as CIA, CFE, CISA, CISSP, CISM
Over 16 years of post-qualification experience.
Job Purpose:
Manage the delivery of internal audits according to the risk-based audit plan for the year, including managing relationships with key stakeholders and IA partners. Execute special requests or projects to enhance the control environment at the Client Company.
Job Responsibilities:
1. Development and Execution of Annual Audit Plan:
- Facilitate and participate in an annual risk assessment exercise to identify the key risks to the organization.
- Engage with key personnel in the organization to incorporate the assessment of key risks into their processes and functions.
- Facilitate the development of a risk-based annual audit plan, ensuring that key risks are included for assessment.
- Ensure that processes significantly impacting financial statements are included in the audit plan.
- Contribute to improving audit management protocols and procedures, ensuring compliance from partners.
- Ensure timely and comprehensive coverage of audits according to the annual audit plan.
- Facilitate exit meetings with process owners and ensure agreement on audit observations and action plans.
- Monitor and report on implementing management action plans arising from audit observations.
- Ensure the quality of audit reports.
2. Develop and implement a mechanism to continuously monitor key controls:
- Prioritize processes and operational cycles for implementing continuous controls monitoring (CCM).
- Identify and monitor key financial and fraud-related controls.
3. Communication of audit findings and activities to the Board and Audit Committee:
- Organize internal audit review and update meetings with the various lines of business and functions.
- Collate and communicate significant audit findings and key updates for Board Audit Committee reporting.
- Support the Internal Assurance function regarding the Board Audit Committee deliverables.
4. Manage relationship with IA Partners:
- Monitor & report on identified performance indicators of the Audit partner.
- Provide support, ensure smooth execution of the day-to-day audit activities, and escalate issues whenever necessary.
- Facilitate weekly meetings for status updates and resolution of any open issues/ challenges
5. Smooth functioning and enhancements within the IA department:
- Support the Chief Audit Executive in functional activities, as and when required
- Document & report monthly on audit status, activities, and challenges and work on improvements as required