Senior Team Member - Internal Audit

Job description

Accountabilities

I. Supervise work of outsourced audit firms for timely completion of internal audit assignments

• Gather data for audit firms as per the requirement by participating in meetings with auditee along with the auditor
• Review the work performed by outsourced audit firms and provide update to the management
• Review the draft audit reports and align the management responses across various management levels in Cipla
• Coordinate and follow up with the audit partner firm on a periodic basis to ensure timely issuance of final audit report
• Ensure the Growth with Governance agenda is inculcated in every audit area.
• Business perspective features in audit discussions
• Perform benchmarking activities to support controls, efficiency and effectiveness discussions.
• Perform investigations where necessary to support IA Lead/ IA Head

II. Conduct in-house audits to ensure compliast process improvements

• Review existing processes, controls for compliance to company policies and procedures, and suggest improvements and cost saving opportunities
• Draft internal audit report and align the observations and obtain corrections actions from management
• Prepare audit work program, test plans and risk control matrix for all processes
• Design and develop systems and processes (operating, detection and controls based) to simplify, automate and monitor controls and business activities.

III. Track status of compliance of audit observations to ensure timely implementation of action plans

• Track the status of compliance to recommendations made on all audit observations on quarterly basis
• Interact with process owners to validate the action taken on the observations
• Review the action taken documentations

IV. Prepare and review presentation to audit committeions

• Prepare audit committee presentation for in house audits and review the presentation of external auditors in consultation with the Team Lead.
• Present to Business heads + Global CFO/ CEO on business audits.

V. Co-ordinate specific assignments with outsourced firms or conduct in house assignments as requested by management with an aim to present facts

• Conduct specific assignments as requested by the management and ensure timely closure of the audit
• Ensure quality deliverable of any outsourced specific assignments

VI. Digital & Automation

• Collaborate with BU / Functions in implementing Risk Analytics tool of certain processes
• Identify Automation opportunities and recommend

VII. Team development

• Train and disseminate audit skills and knowledge within the in-house IA team to build capabilities.

VIII. Practice developorums or study tables to share industry knowledge and insights

Education Qualification

• Chartered Accountants / MBA in finance / Cost Accountant
• Certified Internal Auditor is additionally desirable

Skills Required
Compliance, Internal Auditor, Automation