• To conduct reviews of operations, functions, finances, management, and compliance within the company that will enable it to drive forward in achieving its mission and vision.
• To work in co-ordination with Internal Audit Head and overlook function of Operational and Functional Audit.

Responsibility:

1. Risk Assessment

• Identifying and analyzing risks to the achievement of objectives, ensuring that the organization understands the risks it faces and takes steps to address them
  • Identifying significant risks (financial, operational, compliance)
  • Assessing the likelihood and impact of each risk
  • Determining risk mitigation strategies
  • Ensuring that new or emerging risks are regularly reviewed

1. Control Activities

• The actual policies and procedures are implemented to mitigate risks and achieve objectives.

1. Information and Communication

• Ensuring the right information flows through the organization, so employees can perform their duties effectively and decisions are based on accurate data.
  • Clear communication of policies, procedures, and responsibilities to all levels of the organization.
  • Timely dissemination of relevant information to management for decision-making.

1. Monitoring Activities

• Regular assessments of the internal control system to ensure it remains effective and aligned with the organization's objectives.
  • Ongoing monitoring of day-to-day activities (e.g., reconciliations, reviews).
  • Periodic internal and external audits to assess the effectiveness of controls.
  • Tracking and addressing any identified issues or weaknesses promptly.
  • Continuous improvement of internal controls based on audit results or process reviews.

1. Compliance with Laws and Regulations

• Ensuring the organization adheres to applicable laws, regulations, and internal policies, particularly in areas such as finance, health and safety, data protection, and environmental standards.
  • Regular updates and training on compliance requirements.
  • Compliance audits and assessments.
  • Policies and procedures to prevent legal violations and regulatory breaches.
  • Regularly monitoring changes in laws and regulations to keep controls updated.

1. Operational Efficiency and Effectiveness

• Ensuring that operations are performed efficiently and that resources are used in an optimal manner to achieve the organization’s goals.
  • Streamlining processes to reduce redundancies and inefficiencies.
  • Identifying areas where processes could be automated for greater efficiency.
  • Regularly Reviews of Departments MIS to make sure completion of KPI’s on timely manner.

Qualification:

An ideal Manager – Internal Audit should have At least 7 to 9 years of experience in internal audit or related roles such as external audit, risk management, or compliance with Strong analytical, problem-solving, and critical-thinking skills.