Job Description

Purpose of the Role
This position will be responsible for providing Internal Audit governance for all TML units which involves audit planning and design, conducting audits and championing risk management in order to ensure that the internal audit strategy is implemented to a world-class standard within a dynamic environment to promote a climate of openness and trust within organizational policies and government/ statutory norms.
Job Responsibilities
Contribution to Planning

• Develop an annual audit plan using inputs from the team and stakeholders to identify priorities and resource requirements for the year (Annual audit plan to cover all activities of TML and Subsidiary Companies)
• Collaborate with senior management to evaluate needs and propose audits, to build stakeholder requirements into department plans
• Schedule and assign audits to team members, ensuring effective and efficient use of resources.
• Prepare roadmap to ensure plan is developed to meet the Audit Committee's expectations.
• Review annual audit plans to ensure theyhave contingency built in, to provide unexpected audits to clients as they may surface

Key actions and decisions (Long term and Short term)

• Review and approve plans as they are developed and communicated to clients to ensure quality control of the team's audit plans on an ongoing basis by
• Report to the Audit Committee at the required intervals on Internal Audit assignments including planned reviews, investigations, risk advisory work and any other ad-hoc activity as required
• Oversee and provide quality control for the department's audits, to ensure departmental mandate and business goals are met and that professional standards are maintained at all times
• Review and monitor final reports are issued with all recommendations agreed and accepted by the audited individual/group
• Monitor completion of audit assignments to provide independent, objective assurance to the Audit Committee
• Provide assistance to the business in meeting regulatory requirements

Quality assurance for Ethics:

• Conduct periodic reviews to assess the quality of the ethics audit and ensure that there is necessary and sufficient evidence for the reports submitted
• Monitor and review audit process to ensure that the teams are following the audit protocol (checklist etc. ) while conducting the audits
• Review the audit calendar and the frequency of audits for the three key areas
• Provide input (OFIs)on the quality of the audit in terms of method of audits and scope of audits to be conducted
• Monitor mechanisms are in place to ensure quality standards and there are no slippages impacting the brand image

Nature of problems faced/ Scope of improvement opportunities:

• Develop new methodologies to improve the audit process, making it "easier" for the organisation to request audits and implement recommendations
• Keep abreast of developments in Corporate Governance practices and advise the business accordingly for further improvements
• Guide team for managing and developing their assignments to ensure the department's goals are achieved and customers are satisfied
• Provide ongoing feedback to the team to ensure they develop the skills and competencies required for effective planning and individual professional and personal career growth
• Build relationships with leaders across the organization to understand issues and identify areas for improvement for the organization as a whole
• Support and encourage team members to be proactive in identifying opportunities to share best practice with management to improve the control environment

Communications & Nature of Stakeholders:

• TML Subsidiaries - Build stakeholder requirements in the audit plan, seek support for conducting audit and highlight key risks and their mitigation plans
• Head Finance - Build stakeholder requirements in the audit plan, seek support for conducting audit and highlight key risks and their mitigation plans
• Business units - Build stakeholder requirements in the audit plan, seek support for conducting audit and highlight key risks and their mitigation plans

Desired Candidate Profile:
Education- CA (Chartered Accountant) or Equivalent Professional Qualification
Relevant Experience:

• 15-25 Years overall experience
• Candidates with Industrial experience background leading the Internal Audit function for large, listed entities or experience with solid Big 4 Audit firms.
• Strong Background in Internal Audit, Risk Management, and Compliance
• Data-Driven and Technology-Oriented Approach
• Strong Leadership and Stakeholder Management Skills
• Result oriented approach

Skills Required