1. Overview

The Head of Internal Audit is a senior-level executive responsible for leading the internal audit function and providing independent assurance to the organization's management and stakeholders. This role is critical in promoting the organization's ethical values, risk management practices, and financial integrity.

2. Key Responsibilities

• Manage and oversee all aspects of the internal audit function, including planning, execution, and reporting

• Develop and implement a comprehensive audit plan aligned with the organization's risk profile and strategic objectives

• Conduct financial, compliance, operational, and IT audits to assess the effectiveness of internal controls and governance processes

• Provide timely and insightful audit reports to senior management and the audit committee

• Identify and assess emerging risks and trends that may impact the organization

• Monitor and evaluate the adequacy and effectiveness of the organization's internal control system

• Collaborate with external auditors to ensure alignment and coordination of audit activities

• Stay abreast of industry best practices and regulatory developments in internal auditing

3. Technical Skills

• Proficiency in accounting, finance, and auditing

• Strong understanding of enterprise risk management principles

• Knowledge of internal controls, governance structures, and compliance frameworks

• Familiarity with data analytics, audit technology, and process improvement methodologies

• Excellent communication, presentation, and interpersonal skills

4. Required Qualifications

• C A (Chartered Accountant )The institute of chartered accountant of India

• Minimum of 18-21 years of experience in internal auditing or a related field

5. Skills & Experience

• Financial Audit: Comprehensive understanding of financial reporting standards, auditing procedures, and financial analysis techniques

• Quality Audit: Experience in conducting ISO 9001 or other quality management system audits

• Process Audit: Expertise in evaluating the effectiveness and efficiency of business processes

• Risk Management & Internal Controls: Strong knowledge of risk assessment methodologies and the design and implementation of internal controls

• Audit Planning & Execution: Experience in planning and executing complex audit engagements

• Financial Reporting: Understanding of financial reporting requirements and regulatory compliance

• Regulatory Compliance Knowledge: Familiarity with industry-specific regulations and compliance requirements

• Forensic Accounting & Fraud Investigation: Experience in fraud detection and investigation techniques

• Enterprise Risk Management (ERM): Knowledge of ERM frameworks and principles

• Data Analytics & Audit Technology: Familiarity with data analytics tools and techniques used in internal auditing

• Process Improvement & Cost Optimization: Experience in identifying and implementing process improvements to enhance efficiency and reduce costs

• SOX Compliance & IFRS/GAAP Standards: Understanding of Sarbanes-Oxley Act requirements and IFRS/GAAP accounting standards