Key Functional Responsibilities:

1. Internal Financial Controls (IFC):

Updating the Risk & Control Matrices (RCM) in line with process changes.
Gaining process understanding through discussions with process owners, plant visits, etc. and identify potential fraud scenarios applicable to the business and processes.
Perform test of operating effectiveness of the fraud controls along with business process controls to identify gaps and provide suggestions for remediation
Identify gaps and recommend improvement opportunities to mitigate fraud risks.
Perform testing for remediated controls and consolidate the results of the testing for reporting.
Give update to Board on status of IFC testing on a quarterly basis.
Provide necessary documentation and explanations to auditors on effectiveness of IFC for their independent assessment

2. Internal Audit:

Develop the annual internal audit plan and the scoping
Planning and coordinating the audits as per the quarterly schedule with the process owners & internal auditors.
Tracking the progress of internal audits by auditors and ensuring timely completion within the stipulated schedule.
Arranging meetings for discussion on the findings of the internal audit report with the process owners and management and closure.
Preliminary review of issues identified during audit and draft management action points in consultation with auditees.
Provide periodic update of open action items for Audit Committee reporting
Implementation status follow up - Monitoring the closure of management action points within the timelines as stated in the audit report.

3. Others:

Preparation of standard operating procedures embedding key process controls as & when needed (mostly those related to Finance)
Perform anti-fraud control gap analysis and its operating effectiveness.
Delegation of Authority (DOA) review draft effective delegation across levels and its application
Access Rights Monitoring - Review of access rights assignment & release strategies in SAP as per DOA
Investigation & reporting for Whistle Blower & other cases
Drive Physical stock take at each plant at periodic intervals and ensuring compliance to SOPs
Updation of Risk Register
Data analysis and collation for specific requirements from JV partners and external agencies
Cost reduction & process improvement initiatives

Key Result Areas

Managerial Competencies:

Interested candidates can mail their profiles at jobs@tatabluescopesteel.com