- The Business Internal Audit Team Member is responsible for independently executing high-quality, risk-based internal audits across business operations, enterprise functions, manufacturing units, shared services, and support functions.
- The role provides independent and objective assurance to Senior Management and the Audit Committee on the effectiveness of governance, risk management, and internal control frameworks.
- The incumbent will evaluate financial, operational, compliance, digital, technology, cyber, and strategic risks while identifying opportunities for cost optimization, process improvement, revenue assurance, fraud prevention, and strengthening of internal controls.
- The role requires strong business acumen, analytical capabilities, stakeholder management skills, and the ability to deliver measurable value through audit interventions.
- The position supports the Business Audit Team Lead and Business Internal Audit Head in enhancing governance standards, improving business performance, and promoting a strong risk and control culture across the organization.
Key Responsibilities
1. Risk-Based Internal Audit Execution
- Independently execute risk-based internal audits in accordance with the approved annual audit plan and Global Internal Audit Standards
- Conduct reviews across manufacturing operations, sales, logistics, procurement, finance, projects, HR, IT, sustainability, compliance, and other enterprise functions
- Evaluate the adequacy and effectiveness of governance, risk management, and internal control frameworks
- Develop audit programs, risk assessments, process understanding documents, process narratives, and Risk Control Matrices (RCMs)
- Perform control design assessment and operating effectiveness testing
- Identify control deficiencies, process gaps, fraud indicators, revenue leakages, cost inefficiencies, and compliance deviations
- Ensure completion of audits within agreed timelines while maintaining high quality standards
2. Value Creation and Business Impact
- Deliver measurable value through audit interventions including:
- Cost optimization opportunities
- Prevention of revenue leakage
- Loss prevention and recovery opportunities
- Working capital improvements
- Process standardization initiatives
- Productivity enhancement opportunities
- Identify opportunities for digitization, automation, and continuous monitoring of controls
- Support business functions in strengthening operational efficiency and control effectiveness
- Quantify financial impact arising from audit observations wherever feasible
3. Governance, Risk Management & Internal Controls
- Review the effectiveness of internal control systems across business processes and locations
- Conduct independent assessments of operational, financial, market, credit, compliance, cyber, fraud, and reputational risks
- Assess adherence to Group Policies, Standard Operating Procedures, Delegation of Authority, Code of Conduct, and regulatory requirements
- Recommend practical and sustainable solutions to mitigate identified risks
- Benchmark control practices with industry leaders and recommend adoption of best practices
4. Audit Reporting & Follow-Up
- Perform detailed root cause analysis for all significant audit observations
- Prepare high-quality audit reports, executive summaries, and management presentations
- Clearly articulate risks, business impact, root causes, and actionable recommendations
- Maintain audit issue trackers and Action Taken Report (ATR) dashboards
- Monitor implementation status of audit recommendations and escalate delays or recurring issues through established governance mechanisms
- Support preparation of periodic updates for Senior Management and Audit Committee meetings
5. Investigations & Special Reviews
- Participate in special audits, management reviews, forensic assignments, and investigations involving :
- Fraud indicators
- Control breakdowns
- Revenue leakages
- Cost escalations
- Governance failures
- Regulatory non-compliances
- Gather, analyze, and document evidence in accordance with professional standards
- Support management in identifying corrective and preventive actions
6. Stakeholder Management & Business Partnership
- Build trusted relationships with Process Owners, Functional Heads, Unit Leadership Teams
- Facilitate constructive discussions during audits while maintaining independence and objectivity
- Act as a trusted advisor by providing insights on risk mitigation, governance enhancement, and control strengthening
- Regularly engage with business stakeholders to understand emerging risks, strategic initiatives, and operational challenges
- Promote a positive audit culture and reinforce the philosophy of Internal Audit as a value-adding business partner
7. Technology, Data Analytics & Digital Assurance
- Leverage data analytics and technology-enabled audit techniques to improve audit coverage and effectiveness
- Perform data-driven reviews across sales, logistics, procurement, finance, manufacturing, and other key processes
- Support implementation and usage of audit management systems, GRC platforms, continuous control monitoring tools, AI-enabled audit solutions, and automation initiatives
- Provide assurance over digital transformation programs, information technology controls, cyber security risks, and data governance frameworks
8. Capability Building & Continuous Improvement
- Continuously enhance knowledge of business processes, industry practices, emerging risks, technology trends, and regulatory developments
- Demonstrate design thinking and innovative approaches in audit execution
- Contribute to standardization of audit methodologies, templates, and reporting frameworks
- Ensure high-quality workpapers, documentation, and stakeholder-ready communication
- Collaborate across audit teams to strengthen functional expertise and business understanding
Educational Qualifications
- Chartered Accountant (CA) / Cost Accountant (CMA) / MBA (Finance) / Engineering with relevant audit experience
