Deputy General Manager F&C - Management Assurance
Deputy General Manager F&C - Management Assurance
Aditya Birla GroupEarly Applicant
- Posted 16 hours ago
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Job Description
Job Description
Position Purpose and Summary
To strengthen the organization's governance, risk management and internal control framework by planning and coordinating audits across functions, driving timely closure of audit observations, and partnering with stakeholders to strengthen processes and SOPs. The role also oversees store-level inventory and regulatory compliance audits, job-work audits, franchisee due diligence, and periodic Audit Committee reporting, while leveraging audit learnings to prevent recurrence of control gaps and drive continuous improvement.
Essential Duties and Responsibilities:
Internal Audit Planning & Execution
Develop the annual internal audit plan and define the audit scope across functions in alignment with key business risks and assurance priorities.
Partner with external Internal Auditors to plan and execute audits within agreed scope and timelines.
Facilitate effective coordination between auditors and functional stakeholders for timely availability of information, resolution of queries, and completion of audits.
Audit Observations & Closure
Drive timely closure of internal and management audit observations in collaboration with respective functional owners.
Maintain a comprehensive audit tracker covering observations, agreed corrective actions, ownership, timelines, and closure status.
Monitor pending and recurring observations, escalate critical or overdue matters, and facilitate implementation of sustainable corrective actions.
Share key audit learnings and recurring control gaps with relevant stakeholders to strengthen processes and prevent recurrence.
Process Controls & SOP Governance
Partner with Function Heads to periodically review and strengthen functional SOPs based on audit observations, identified control gaps, and relevant best practices.
Facilitate implementation of corrective and preventive controls arising from audit findings.
Support functions in strengthening process discipline and the overall internal control environment.
Audit Committee & Governance Reporting
Coordinate with Internal Auditors and functional stakeholders to prepare periodic updates and presentations for the Audit Committee.
Provide visibility on key audit observations, control gaps, corrective actions, and closure status to support effective governance oversight.
Store & Regional Assurance
Establish and govern Regional Operation Control Groups to conduct quarterly inventory and regulatory compliance audits across stores.
Coordinate with independent CA firms for execution of store audits and ensure timely reporting and closure of identified observations.
Track recurring store-level control and compliance gaps and work with relevant stakeholders on appropriate corrective actions.
Supply Chain & Job Work Assurance
Partner with the Supply Chain team and independent CA firms to conduct periodic independent audits of job-work operations.
Monitor observations arising from such audits and drive timely corrective actions and closure in collaboration with relevant stakeholders.
Franchisee Due Diligence
Partner with the Franchisee team to facilitate due diligence of prospective franchisee partners prior to onboarding.
Ensure material findings and identified risks arising from due diligence are appropriately documented and highlighted to relevant stakeholders.
Stakeholder Management & Continuous Improvement
Act as a central coordination point between business functions, Internal Auditors, independent assurance partners, and other stakeholders for Management Assurance activities.
Promote a culture of strong controls, compliance, accountability, and continuous improvement across functions.
Leverage insights from audits and assurance reviews to identify recurring themes and opportunities for strengthening processes and controls.
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