About the Company:
Our Client a MNC is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.
Designation: Senior Manager - Internal audit and Risk Management
About the Role:
The Senior Manager Internal Audit & Risk Management would be responsible for overseeing and managing a portfolio of audits & Risk Management. The role involves assessing internal controls, risk management processes, financial reporting, and ensuring compliance with legal and regulatory standards. This individual will play a critical role in safeguarding the company's assets, driving operational efficiency, and ensuring adherence to company policies and industry standards. The incumbent should have experience in managing a team of resources and presenting audit reports to top management. The role reports to Head of Audit.
Responsibilities:
Audit Planning & Strategy:
- Lead the development of the annual internal audit plan in collaboration with senior management, ensuring alignment with the organization's objectives and risk profile.
- Lead discussions with management and senior stakeholders on Enterprise Risk Management.
- Conduct risk assessments to identify key areas of concern and prioritize audits & risk activities accordingly.
Delivery:
- Lead a team of qualified Accountants to deliver the audits and ERM activities.
- Perform audits of financial, operational, compliance, and IT-related areas in both the corporate and software-specific sectors.
- Evaluate the adequacy and effectiveness of internal controls, risk management practices, and corporate governance processes.
Compliance & Regulatory Oversight:
- Ensure the company complies with relevant local and international regulatory frameworks, GDPR (General Data Protection Regulation), and industry-specific standards.
- Monitor and report on the effectiveness of compliance programs and internal control procedures.
Reporting & Communication:
- Prepare detailed audit reports summarizing findings, risks, and recommendations.
- Prepare, evaluate and present ERM plan & findings to Head of Audit & Risk.
- Present audit results and provide actionable insights to Head of Audit & Risk.
- Work closely with stakeholders to discuss audit results and drive the implementation of corrective actions.
Team Management:
- Lead and manage a team of risk professionals, ensuring proper allocation of resources and efficient execution of audits, risk activities.
- Provide coaching, mentorship, and development opportunities for junior auditors to enhance their skills and performance.
Continuous Improvement:
- Identify areas for improvement in internal controls, audit processes, and risk management.
- Recommend and implement best practices to enhance efficiency and effectiveness in the internal audit function.
- Stay updated on industry trends, emerging risks, and new audit methodologies relevant to the software and GCC sectors.
Collaboration with External Auditors & Stakeholders:
- Act as the primary point of contact for external auditors and regulatory bodies during audits and reviews.
- Collaborate with other departments such as finance, legal, compliance, and IT to understand operational challenges and address audit findings.
- Regular interactions with senior leadership for ERM.
Qualifications: CA with minimum 15 years of experience.
Required Skills:
- Strong understanding of internal audit methodologies, risk management, and corporate governance frameworks.
- Expertise in software development processes, IT controls, and security risk management.
- Strong analytical skills, with the ability to assess complex systems and identify control weaknesses.
- Excellent communication skills, both written and verbal, to communicate audit findings to senior management and stakeholders.
- Leadership capabilities to manage teams and drive cross-functional collaboration.
- Knowledge of ERP systems, financial reporting tools, and audit software.
