Collaborate with the group MA&AS Head and provide a sector-specific perspective to support
Formulation of MA&AS strategy to delineate nature of assurances and type of advisory services to be provided to the organization.
Definition of Internal Audit policy for Adani basis the globally recognized audit frameworks, guidelines and standards.
Definition and/or revision of internal audit manual basis local compliance requirements, industry best-practices and internal context of the organization.
Audits Management :- Audit & Resource Planning
Gather and disseminate understanding of objectives, strategy, and operating model of businesses within the sector to guide the audit planning & scoping process.
Identify and outline risks associated with auditable units in ones sector; Conduct risk assessment workshops with the senior management to record & to elaborate information pertaining to the risks, including causes, controls, likelihood & impact.
Define audit plans for the sector based on auditable unit prioritization and audit cycle duration; Assess resource gaps evaluating audit plans vis-Ã -vis capability and capacity of current resources and determine co-sourcing requirements.
Annually review the existing audit plans for alignment with the dynamic business risk universe; Seek inputs from senior management on changes in risk profile and revise the risk rating and audit plans accordingly.
Audit Execution, Reporting
Oversee smooth conduct of audits within ones sector and manage escalated issues/ incidents as per defined escalation matrix.
Review compliance/ assurance reports generated at the end of audit engagements and validate audit findings; address observations in flash report on priority, and make immediate escalations if required.
Review draft audit reports for alignment to defined reporting standards & guidelines and highlight inconsistencies if any; Circulate finalized reports among concerned parties (like CEO, CEO, Process Owners, Group Head).
Special Audits
Lead planning and scheduling for special audits within ones sector in consultation with the Group Head; Engage with senior management to clarify and finalize engagement objectives and scope for non-standard audits.
Stakeholder Management :- Partner Management
Lead partner identification, evaluation, selection and contracting processes for audit projects within respective sector.
Collaborate with the internal domain experts to define the scope of work and articulate and share the RFP with identified partners.
Deploy partner performance review and governance mechanisms to assure the organization of quality service delivery by the partners
Cultivate strategic relationships with partners and effectively leverage them for value additions to Adani
Business Stakeholders Management
Engage with business management / leadership team to gather information on business direction, strategy, operating model and enhance understanding of business processes, risks, controls and governance measures.
Provide SME advice to the business management / leadership team on new developments that affect risk, controls and governance processes and suggest solutions in a proactive manner.
Maintain a continuous and effective working relationship with business management / leadership team to drive the shared objective of enhancement of internal controls, governance and risk management.
Evaluation & Improvement :- Function Performance Review
Establish sector-level governance forums in line with the group direction and define their structure, composition and objective; oversee their smooth functioning and preside over relevant committee meetings.
Governance Committees
Convene BU & MAAS discussion forums on a monthly basis to discuss, finalize and/or revise internal audit plans, discuss progress vis-a-vis plans, and raise escalations for significant issues in audit execution or non-compliances related to CAPA implementation.
Function Excellence Initiatives
Participate in periodic function diagnostic studies by implementing diagnostic tools & techniques to assess the health of the systems/ processes within respective sector and identify areas for improvement.
Systems, Analytics & Technology Management :-
Continuously monitor the technological developments in the industry and highlight relevant tools/ technologies that can be inducted within MA&AS to maximize the function value proposition.
Responsible for directing forensic audit and making suitable reports basis the same.
Risk Management :-
Partner with risk manager in defining one common risk assessment framework for the organization, ensuring common language for risk identification, analysis and evaluation across units
Oversee establishment and implementation of risk governance mechanisms and forums for robust ongoing risk monitoring
People Management :- Manpower Planning & Talent Acquisition
Contribute to formulation of manpower plan for a sector by sharing current/ future talent requirements
Talent Management :-
Drive a collaborative and a high-performance driven culture set goals, review performance and provide feedback to ensure a motivated and committed team
Qualifications Educational Qualification :-
A professional CA degree or an MBA degree is required
Certification in Internal Auditing is desirable
Experiences :-
Minimum 15+ years of work experience with 10+ years in a similar role of leading the internal audit department in a large/ mid-sized organization
Exposure to the internal audit function for a group / Conglomerate / MNC with diversified businesses and cross border operations
Rich exposure to industry landscape, market environment, business operating model and processes associated with respective sector
Experience of defining, implementing and governing internal audit strategy, framework and policy
Exposure to framework, tools & techniques pertaining to enterprise risk management
Experience of managing and aligning multiple stakeholders (Internal / External esp. at the executive leadership level)
