Vice President - Internal Assurance

Vice President - Internal Assurance

Skills and Qualification Required:

- CA, BEngg / BTech / MBA - IT / MBA with additional qualifications such as CIA, CFE, CISA, CISSP, CISM

- Over 16 years of post-qualification experience.

Job Purpose:

- Manage the delivery of internal audits according to the risk-based audit plan for the year, including managing relationships with key stakeholders and IA partners.

- Execute special requests or projects to enhance the control environment at the Client Company.

Job Responsibilities:

Development and Execution of Annual Audit Plan:

- Facilitate and participate in an annual risk assessment exercise to identify the key risks to the organization.

- Engage with key personnel in the organization to incorporate the assessment of key risks into their processes and functions.

- Facilitate the development of a risk-based annual audit plan, ensuring that key risks are included for assessment.

- Ensure that processes significantly impacting financial statements are included in the audit plan.

- Contribute to improving audit management protocols and procedures, ensuring compliance from partners.

- Ensure timely and comprehensive coverage of audits according to the annual audit plan.

- Facilitate exit meetings with process owners and ensure agreement on audit observations and action plans.

- Monitor and report on implementing management action plans arising from audit observations.

- Ensure the quality of audit reports.

Develop and implement a mechanism to continuously monitor key controls:

- Prioritize processes and operational cycles for implementing continuous controls monitoring (CCM).

- Identify and monitor key financial and fraud-related controls.

Communication of audit findings and activities to the Board and Audit Committee:

- Organize internal audit review and update meetings with the various lines of business and functions.

- Collate and communicate significant audit findings and key updates for Board Audit Committee reporting.

- Support the Internal Assurance function regarding the Board Audit Committee deliverables.

Manage relationship with IA Partners:

- Monitor & report on identified performance indicators of the Audit partner.

- Provide support, ensure smooth execution of the day-to-day audit activities, and escalate issues whenever necessary.

- Facilitate weekly meetings for status updates and resolution of any open issues/ challenges

Smooth functioning and enhancements within the IA department:

- Support the Chief Audit Executive in functional activities, as and when required

- Document & report monthly on audit status, activities, and challenges and work on improvements as required