This role will be responsible for establishing and strengthening the organization's internal audit, internal financial controls (IFC), risk management, and governance frameworks. It will provide independent assurance on the effectiveness of internal controls, risk mitigation measures, and compliance with statutory and regulatory requirements. Working closely with business leaders, the incumbent will identify control gaps, recommend process improvements, monitor implementation of corrective actions, and enhance the overall control environment.

Internal Audit Strategy & Assurance

Develop and implement the annual risk-based internal audit plan, ensuring comprehensive coverage of financial, operational, compliance, and strategic risks.
Ensure timely execution of audit engagements through internal and external audit partners in line with the approved audit calendar.
Oversee the quality and effectiveness of audit reviews and ensure timely issuance of audit reports with actionable recommendations.
Strengthen the internal audit framework to meet statutory requirements and support effective governance.

Internal Controls & Governance

Design, implement, and continuously enhance the organization's Internal Financial Controls (IFC) and operational control framework.
Establish and maintain comprehensive Standard Operating Procedures (SOPs), control matrices, and governance frameworks across business functions.
Periodically assess the adequacy and effectiveness of internal controls and recommend improvements to strengthen the control environment.
Review and update internal control policies in line with business requirements, regulatory changes, and industry best practices.

Risk Management & Control Assurance

Identify control gaps, process inefficiencies, and operational risks, and drive implementation of corrective and preventive actions by co-creating solutions with business units.
Build a robust control assurance framework by partnering with functional teams to embed risk ownership and accountability.
Monitor the implementation and effectiveness of audit recommendations and report the status of corrective actions.
Lead the organization's fraud risk management framework, including fraud prevention, detection, investigation, and monitoring mechanisms.

Regulatory Compliance & Corporate Governance

Assess the effectiveness of the organization's regulatory compliance framework and recommend improvements where required.
Ensure compliance with the Companies Act, Internal Financial Controls (IFC) requirements, and other applicable regulatory and governance standards.
Support statutory, internal, and regulatory audits by providing relevant documentation, insights, and assurance regarding the effectiveness of internal controls.
Promote a culture of ethics, compliance, and accountability across the organization.

Reporting & Stakeholder Management

Prepare and present periodic audit and risk reports, including key observations, risk assessments, and remediation status, to the CFO and CEO.
Provide independent assurance to senior management and the Audit Committee on the effectiveness of governance, risk management, and internal control processes.
Engage with business leaders to provide advisory support on governance, process improvements, and risk mitigation initiatives.
Liaise with external auditors, statutory auditors, and regulatory authorities on audit and compliance matters.

Continuous Improvement, Transformation & Innovation

Drive continuous improvement initiatives by strengthening governance, simplifying processes, and enhancing the organization's control environment through standardized and efficient practices.
Lead the adoption of digital transformation, automation, data analytics, and AI-enabled solutions to improve audit effectiveness, risk identification, control monitoring, and decision-making.
Benchmark governance, risk management, and internal audit practices against industry best practices and implement innovative solutions to enhance organizational effectiveness and control maturity.
Foster a culture of innovation, continuous learning, and technology-enabled assurance by promoting the use of emerging technologies to proactively address business risks, improve operational efficiency, and support strategic objectives.

Qualification Background: Chartered Accountant

Experience: 12-14 years of progressive experience in Internal Audit, Risk Management, Internal Financial Controls (IFC), Compliance, or Governance.

Prior Experience/Background:

Experience in internal audit functions for a listed organization or a reputed consulting firm.
Strong exposure to enterprise risk management, internal controls, process audits, fraud risk management, and corporate governance.
Should have team-handling experience with CAs.
Proven experience in presenting audit findings and risk assessments to senior leadership.

Technical Skills:

Companies Act, Internal Financial Controls (IFC), Corporate Governance, and applicable regulatory requirements.
ERPs (SAP, Oracle, etc.), audit management tools, and data analytics platforms (Power BI, ACL, IDEA, SQL, etc.).
Automation, AI-enabled audit techniques, continuous auditing, and digital risk monitoring.

DGM Control Assurance