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14 Sep 2024

OkpF

Senior Manager - Internal Audit, 4 to 9 years in Mumbai

Company Logo The Phoenix Mills Limited

Mumbai

6-8 Years

internal auditor, Internal Control, Management Audit, Internal Control Review, Process Audit, Risk Advisory

Job Description

Position: Senior Manager - Internal Audit
Qualification: CA
Experience: 4 to 9 years
Location: Mumbai

Job description

Key Responsibilities
(List major responsibilities, that you have, to achieve the key objectives)

  • Assisting in formulating the Annual Audit Plan by keeping in mind the Business Exigencies, overall coverage of all Functions, Budget availability, Risk based Control identifications and approval of the plan from the Audit Committee along with Head Internal Audit
  • Ensuring Execution of Audits done by external audit firms as per Approved Plan
  • Planning, management and execution of Plan for ensuring audit schedules.
  • Understanding and defining financial and operational risks on assignments, examine internal controls to detect deficiencies.
  • Ensuring concise & effective Internal Audit Reports, identify deficiencies and provide solution by recommending corrective as well as preventive actions.
  • Discuss control improvements, risks and suggestions with senior management while ensuring adequate and timely audit closure.
  • Prepare group consolidation internal audit report on quarterly basis within timelines and present the same to the head Internal Audit &CFO for further circulation to Audit committee.
  • Carry out specific management audit as requested by management from time to time
  • Ensure execution of the internal audit calendar across businesses & SPVs as per defined timelines
  • Process documentation & updation of Standard Operating Procedures (SOPs).
Implementation of Countermeasures
  • Ensuring implementation of countermeasures proposed against the Audit Observations
  • Timely escalation to Audit Committee on the high-risk areas.
  • Management of the Outsourced Auditors for both Internal Audit and Stat Audit
  • Ensuring quality of the audits, timely completion and regular updation.
Risk Management System
  • Establishing a comprehensive Risk Management System and identifying risks to be monitored by BOD.
  • Quarterly monitoring of various risks by Risk Management Committee.

14 September 2024

OkpF

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