Head - Internal Control Systems

Company Name : Brakes India Pvt Ltd

Purpose :

Serves as the organization’s chief audit executive and as a member of the executive management team. Performs advanced level professional internal auditing work as a key component of the corporate governance structure. Work involves directing a comprehensive audit program including performance, financial and compliance audit projects.

Scope :

All Locations of the Company.

Roles & Responsibilities :

Sets objectives for the department based on the medium-term objectives and monitors the same at regular intervals.

• Guides audit staff in the planning, organizing, directing and monitoring of Internal Audit operations, including assisting in training and evaluating staff;

and taking corrective actions to address performance problems.

Directs the identification and evaluation of the organization’s risk areas and oversees the development of the annual Audit Plan.

Identify / suggest improvement & cost savings opportunities, prepare audit findings and make suitable recommendations.

Interacts with team and prepares annual plan for internal audit activities to meet set objectives.

Discusses with statutory auditors about the annual audit plan and gets approval from Audit committee.

Develops audit plan for individual auditors and assigns the task to them to meet requirements.

Sends communication on the annual audit plan to all concerned auditees as per procedure and to ensure the presence of concerned individual during auditing.

Develops the audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting the processes and procedures to meet requirements.

Reviews and verifies the audit reports submitted by team members at regular intervals.

Consolidates the audit reports and presents them to management on monthly basis.

Verifies and send reports to audit committee on the corrective actions taken for the major deviation areas / points.

Coordinates with external auditors for internal auditing of regions / warehouses and to ensure the same are carried out as per plan.

Conducting comprehensive audits across divisions to enhance operational efficiency, compliance and financial reliability.

Represents internal audit at management meetings and with external organizations.

Prepares annual budget (manpower, capex and revenue) for the internal audit section and forwards to director in charge for review.

Monitors and controls operating budget for the Internal audit Department (Revenue and Capital Budget).

Communicates the results of audits via written reports and oral presentations to management and the Board of Directors.

Provides professional guidance to the audit team in the identification, development and documentation of audit issues and recommendations.

Pursues professional development opportunities, including internal and external training and professional association memberships, and shares information gained with audit team.

Recommends or nominates the team members for training programmes to enhance their knowledge and skill.

Recruits and supports HR in acquiring the right talent for the section.

Key Competencies :

Strong understanding of internal control frameworks, including developing risk control matrices, guiding the team, and performing control assessments.

ERP or particularly SAP knowledge (Mandatory Requirement).

Ability to develop, implement, and maintain a delegation of authority manual to ensure clear lines of accountability.

Proficiency in data analytics tools for maintaining existing exception reports and developing new ones.

Skilled at delivering clear, concise presentations on complex topics, ensuring tactful communication with the Board.

Maintain excellent business report writing skills to translate technical IT reports from IT auditors into clear, concise reports for the Audit Committee.

Effective communication and relationship building skills to understand concerns and communicate clearly with both the Audit Committee and Management.

Internal audits and manufacturing operations preferred.

International travel Audit exposure by geo region.

Preferred Certified Internal Auditor (CIA) and / or Certified Information Systems Auditor (CISA) certifications.

Qualification & Experience :

Qualified Chartered Accountant (CA’s) mandatory with 18-25 years of experience in Internal audit, risk management, and compliance.

Manufacturing industry experience is desirable.