Sr. Manager - GACC

Role

To provide independent and objective assurance on the effectiveness of risk management, internal controls, and governance processes, while supporting the organization in achieving its strategic and operational objectives.

• Assurance & Cost Control-Corporate role

• ERM/Risk Management process &ESG policy implementation

• Fraud prevention & investigation

• Participate in enterprise risk assessment and annual audit planning
• Identify high-risk areas and prioritize audit coverage
• Develop risk-based audit programs and procedures

• Audit plan and strategy for respective business

• Conduct financial, operational, compliance, and process audits
• Evaluate adequacy and effectiveness of internal controls
• Perform data analysis and sample testing
• Identify control gaps, inefficiencies, and potential fraud indicators
• Prepare clear, concise, and actionable audit reports
• Highlight key risks, root causes, and recommendations
• Present findings to senior management and audit committees
• Maintain proper audit documentation and working papers
• Ensure compliance with applicable laws, regulations, and internal policies
  • Review adherence to frameworks such as: Institute of Internal Auditors (IIA Standards)
• Track implementation of audit recommendations
• Validate closure of audit observations
• Escalate delays or critical unresolved issues

Key function area

1. Audit Planning & Risk Assessment

2. Execution of Internal Audits

3. Reporting & Documentation

4. Compliance & Governance

5. Follow-up & Monitoring

6. Fraud Risk & Investigation Support

• Identify red flags and fraud risks

• Support forensic audits and investigations when required
• Recommend process improvements and cost optimization opportunities
• Act as a business partner while maintaining independence
• Support implementation of best practices in governance and control

• Improvements in business process and operating policies etc. with automation focus

• Working with business in setting up ERM/Risk management process, matrix for respective function.

• Controlling internal audit execution within schedule and of required quality

• Cost control & Cost Reduction

7. Process Improvement & Advisory etc.

1. OTHER JOB DETAILS

Role will be to undertake independent audit role/assignment in various business/entities.

• Job may require travel of about 7 days in a month.
• Interaction with internal audit firm and with internal GACC team and management.
• Discussion with statutory auditor for internal control, internal audit etc.

2. KEY ACCOUNTABILITIES & RESPONSIBILITIES

ACCOUNTABILITIES

RESPONSIBILITIES

1. Operational

• Driving ERM,ESG in respective business. Reporting of Risks and mitigation status.

• Making risk based audit plan and audit committee approval.Proactive intervention and continuous audit focus.

• Evaluating IT \SAP Risks for internal controls evaluation etc. and support/drive automation.

• Policy and Standard operating procedures review and driving required changes etc.

• Tracking implementation of respective companies and escalation of open issues to management, Audit Committee.

• Making monthly IA,risk,governance report and report on system improvement, open issue status etc.

3. Industry benchmarking

• Identification of best practices with respect to benchmarking of process, rate of similar industry etc.

• Risk register

4. KEY CHALLENGES

• Process improvements with legislative framework, and undertaking benchmarking from similar industry.
• Driving ERM, ESG timely and ensuring identification of all risks and also taking up with management for mitigation.
• Investigation involving high data validation from other firms etc.
• Process improvement in automated, on automated process.

5. KEY DECISIONS

1. Made by Jobholder:

• Incumbent takes decisions on operational aspect of the audit assignment
• Decision of audit strategy
• Decision of Risks mitigation
• Decision on Investigation data analytics and approach

2. Recommendations to superior:

Recommendations on risk matrix framework, audit execution, audit investigation etc.,                                                                           Major risks and mitigation (pro-active intervention etc.)                                                                                                                  operational efficiencies, process improvements and cost savings.

6. INTERACTIONS

1. Internal Interactions:

Employee at all level in Essar entities, GACC employee, CFO and other leaders etc.

2. External Interactions:

• For benchmarking etc. in industry/forums etc.
• Vendors etc.
• Statutory auditor.

7. SKILLS & KNOWLEDGE

Educational Qualifications & Certifications:

Chartered Accountant\experienced internal auditor

ERM exposure,CII will be additional qualification.

Relevant (Functional/Level) & Total Years of Experience:

Experience in large firm Internal audit function-post qualification experience 10-12-year plus (excluding article ship experience)

Functional Skills:

• ERM/Risk management
• Internal Audit, Investigation
• Commercial and accounting.
• Advanced knowledge SAP-Mainly –FI, SD, MM module,and other technology understanding and skills.
• Expert knowledge of MS, Excel & IT Audit/Analytics tools.

Behavioural Skills:

• Analytical/ Probing Skills, Conceptual Thinking
• Aptitude to pick up new practices and concepts quickly
• Communication and presentation skills
• Good Interpersonal.