Audit Manager (7-10 yrs)

Job Description

Audit Manager | Energy | Management Audit & AssuranceJob Objective: To lead the internal audit and risk functions for the business in line with the group audit framework and governance mechanismsRoles and Responsibilities:Strategy :- Lead development of business Audit & Risk plan in alignment with group framework and policies in partnership with Group Risk Experts and respective MAAS Vertical Head- Support the MAAS Vertical Heads with understanding of business nuances to develop BU-specific SOPs and ensure implementation of operational systems and controls basis strategy- Lead annual assessment and share findings with BU CEO and Audit Committee on adequacy and effectiveness of systems and controls of audit and risk function. Note: the assessment would be executed by the BU audit lead along with site champions. The MAAS Vertical Heads would provide the audit guidelines- Follow reporting protocols to drive proactive risk management in collaboration with both the Business CEO and respective Promoters offices- Track industry trends to understand potential risks for the business and provide inputs to enterprise leads and boardOperations:- Drive implementation of corrective and preventive actions (CAPA) through defined plans in the business in coordination with MAAS Vertical Head & BU Audit Lead- Draw out and execute yearly audit plan for all assets / projects within the business; Study engagement objectives, scope, resource allocation in terms of budgets, skills, manpower etc.- Drive periodic review of all systems, procedures and structures of the BU to minimize and control exposure from compliance perspective; Drive identification of potential entities (site/area/service/system/etc.) for regular audit- Oversee implementation of a portfolio of audit assignments, ensuring that the team plans and delivers audits that cover identified risk areas- Lead investigation of all kinds of incidents and reports, and provide expert advice to BU leadership- Ensure consistent reporting to BU and Group audit and risk committees- Effectively manage identified audit partners to drive execution of audit planBusiness Excellence:- Basis audit findings provide inputs / recommendations towards improving the current SOPs & DOAs to drive better governance and efficiency at the BU level- Partner with MAAS Vertical head to lead functional excellence initiatives in the business along with the Business CEO and leadership- Review progress of initiatives, ensure adherence to defined timelines, budget, outcomes and methodologyRisk Management:- Provide inputs to and oversee implementation of common risk assessment framework for the BU encompassing strategic, project/ bid, operations, organizational risks, and ensure a common language for risk identification, analysis and evaluation- Seek guidance on BU-compatible risk response strategies and various considerations from MAAS Vertical Head for decisioning on risk response methods; review risk response plans for effectiveness & efficiencies- Provide support to MAAS Vertical Head to establish and implement risk governance mechanisms and forums for risk monitoring- Support periodic review of risk performance reports and scorecards across all aspects of risksPartner Management:- Lead onboarding of partner, and helping them understand the Groups context and practices- Collaborate with partner to establish project plans for audit engagements in the business- Support MAAS Vertical Head in driving partner performance reviews and monitoring as per agreed SLAs- Create partner development plans/ engagement recovery plans in case of significant deviations- Conduct periodic meetings with statutory auditors (along with Audit Committee) regarding BUs internal audit universe, scope of audits, risk assessment updates and internal audit plans and schedule,

Keyskills :
accountsinternal auditaccountingfilingtdsproject plansrecovery plansrisk managementrisk assessmentrisk governanceaudit committeemanagement auditequipment supplylead developmentpreventive actions