JOB PURPOSE

Role

To provide independent and objective assurance on the effectiveness of risk management, internal controls, and governance processes, while supporting the organization in achieving its strategic and operational objectives.

Assurance & Cost Control-Corporate role
ERM/Risk Management process &ESG policy implementation
Fraud prevention & investigation

Key function area

1. Audit Planning & Risk Assessment

Participate in enterprise risk assessment and annual audit planning
Identify high-risk areas and prioritize audit coverage
Develop risk-based audit programs and procedures
Audit plan and strategy for respective business

2. Execution of Internal Audits

Conduct financial, operational, compliance, and process audits
Evaluate adequacy and effectiveness of internal controls
Perform data analysis and sample testing
Identify control gaps, inefficiencies, and potential fraud indicators

3. Reporting & Documentation

Prepare clear, concise, and actionable audit reports
Highlight key risks, root causes, and recommendations
Present findings to senior management and audit committees
Maintain proper audit documentation and working papers

4. Compliance & Governance

Ensure compliance with applicable laws, regulations, and internal policies
Review adherence to frameworks such as: Institute of Internal Auditors (IIA Standards)

5. Follow-up & Monitoring

Track implementation of audit recommendations
Validate closure of audit observations
Escalate delays or critical unresolved issues

6. Fraud Risk & Investigation Support

Identify red flags and fraud risks
Support forensic audits and investigations when required

7. Process Improvement & Advisory etc.

Recommend process improvements and cost optimization opportunities
Act as a business partner while maintaining independence
Support implementation of best practices in governance and control
Improvements in business process and operating policies etc. with automation focus
Working with business in setting up ERM/Risk management process, matrix for respective function.
Controlling internal audit execution within schedule and of required quality
Cost control & Cost Reduction

OTHER JOB DETAILS

Role will be to undertake independent audit role/assignment in various business/entities.

Job may require travel of about 7 days in a month.
Interaction with internal audit firm and with internal GACC team and management.
Discussion with statutory auditor for internal control, internal audit etc.

KEY ACCOUNTABILITIES & RESPONSIBILITIES

ACCOUNTABILITIES

RESPONSIBILITIES

1. Operational

Driving ERM,ESG in respective business. Reporting of Risks and mitigation status.
Making risk based audit plan and audit committee approval.Proactive intervention and continuous audit focus.
Evaluating IT SAP Risks for internal controls evaluation etc. and support/drive automation.
Policy and Standard operating procedures review and driving required changes etc.
Tracking implementation of respective companies and escalation of open issues to management, Audit Committee.
Making monthly IA,risk,governance report and report on system improvement, open issue status etc.

Industry benchmarking

Identification of best practices with respect to benchmarking of process, rate of similar industry etc.
Risk register

KEY CHALLENGES

Process improvements with legislative framework, and undertaking benchmarking from similar industry.
Driving ERM, ESG timely and ensuring identification of all risks and also taking up with management for mitigation.
Investigation involving high data validation from other firms etc.
Process improvement in automated, on automated process.

KEY DECISIONS
Made by Jobholder:

Incumbent takes decisions on operational aspect of the audit assignment
Decision of audit strategy
Decision of Risks mitigation
Decision on Investigation data analytics and approach

Recommendations to superior:

Recommendations on risk matrix framework, audit execution, audit investigation etc.,Major risks and mitigation (pro-active intervention etc.) operational efficiencies, process improvements and cost savings.

INTERACTIONS
Internal Interactions:

Employee at all level in Essar entities, GACC employee, CFO and other leaders etc.

External Interactions:

For benchmarking etc. in industry/forums etc.
Vendors etc.
Statutory auditor.

SKILLS & KNOWLEDGE

Educational Qualifications & Certifications:

Chartered Accountantexperienced internal auditor

ERM exposure,CII will be additional qualification.

Relevant (Functional/Level) & Total Years of Experience:

Experience in large firm Internal audit function-post qualification experience 10-12-year plus (excluding article ship experience)

Functional Skills:

ERM/Risk management
Internal Audit, Investigation
Commercial and accounting.
Advanced knowledge SAP-Mainly –FI, SD, MM module,and other technology understanding and skills.
Expert knowledge of MS, Excel & IT Audit/Analytics tools.

Behavioural Skills:

Analytical/ Probing Skills, Conceptual Thinking
Aptitude to pick up new practices and concepts quickly
Communication and presentation skills
Good Interpersonal.

Sr. Manager - GACC