Team Member- Internal Audit

Job details

Designation: Assistant Manager

Location: India Uttar Pradesh Noida Zonal Office

Organization: Cement

The Business Internal Audit Team Member is responsible for independently executing high-quality, risk-based internal audits across business operations, enterprise functions, manufacturing units, shared services, and support functions.
The role provides independent and objective assurance to Senior Management and the Audit Committee on the effectiveness of governance, risk management, and internal control frameworks.
The incumbent will evaluate financial, operational, compliance, digital, technology, cyber, and strategic risks while identifying opportunities for cost optimization, process improvement, revenue assurance, fraud prevention, and strengthening of internal controls.
The role requires strong business acumen, analytical capabilities, stakeholder management skills, and the ability to deliver measurable value through audit interventions.
The position supports the Business Audit Team Lead and Business Internal Audit Head in enhancing governance standards, improving business performance, and promoting a strong risk and control culture across the organization.

Key Responsibilities

1. Risk-Based Internal Audit Execution

Independently execute risk-based internal audits in accordance with the approved annual audit plan and Global Internal Audit Standards.
Conduct reviews across manufacturing operations, sales, logistics, procurement, finance, projects, HR, IT, sustainability, compliance, and other enterprise functions.
Evaluate the adequacy and effectiveness of governance, risk management, and internal control frameworks.
Develop audit programs, risk assessments, process understanding documents, process narratives, and Risk Control Matrices (RCMs).
Perform control design assessment and operating effectiveness testing.
Identify control deficiencies, process gaps, fraud indicators, revenue leakages, cost inefficiencies, and compliance deviations.
Ensure completion of audits within agreed timelines while maintaining high quality standards.

2. Value Creation and Business Impact

Deliver measurable value through audit interventions including:
- Cost optimization opportunities.
- Prevention of revenue leakage.
- Loss prevention and recovery opportunities.
- Working capital improvements.
- Process standardization initiatives.
- Productivity enhancement opportunities.
Identify opportunities for digitization, automation, and continuous monitoring of controls.
Support business functions in strengthening operational efficiency and control effectiveness.
Quantify financial impact arising from audit observations wherever feasible.

3. Governance, Risk Management & Internal Controls

Review the effectiveness of internal control systems across business processes and locations.
Conduct independent assessments of operational, financial, market, credit, compliance, cyber, fraud, and reputational risks.
Assess adherence to Group Policies, Standard Operating Procedures, Delegation of Authority, Code of Conduct, and regulatory requirements.
Recommend practical and sustainable solutions to mitigate identified risks.
Benchmark control practices with industry leaders and recommend adoption of best practices.

4. Audit Reporting & Follow-Up

Perform detailed root cause analysis for all significant audit observations.
Prepare high-quality audit reports, executive summaries, and management presentations.
Clearly articulate risks, business impact, root causes, and actionable recommendations.
Maintain audit issue trackers and Action Taken Report (ATR) dashboards.
Monitor implementation status of audit recommendations and escalate delays or recurring issues through established governance mechanisms.
Support preparation of periodic updates for Senior Management and Audit Committee meetings.

5. Investigations & Special Reviews

Participate in special audits, management reviews, forensic assignments, and investigations involving:
- Fraud indicators.
- Control breakdowns.
- Revenue leakages.
- Cost escalations.
- Governance failures.
- Regulatory non-compliances.
Gather, analyze, and document evidence in accordance with professional standards.
Support management in identifying corrective and preventive actions.

6. Stakeholder Management & Business Partnership

Build trusted relationships with Process Owners, Functional Heads, Unit Leadership Teams.
Facilitate constructive discussions during audits while maintaining independence and objectivity.
Act as a trusted advisor by providing insights on risk mitigation, governance enhancement, and control strengthening.
Regularly engage with business stakeholders to understand emerging risks, strategic initiatives, and operational challenges.
Promote a positive audit culture and reinforce the philosophy of Internal Audit as a value-adding business partner.

7. Technology, Data Analytics & Digital Assurance

Leverage data analytics and technology-enabled audit techniques to improve audit coverage and effectiveness.
Perform data-driven reviews across sales, logistics, procurement, finance, manufacturing, and other key processes.
Support implementation and usage of audit management systems, GRC platforms, continuous control monitoring tools, AI-enabled audit solutions, and automation initiatives.
Provide assurance over digital transformation programs, information technology controls, cyber security risks, and data governance frameworks.

8. Capability Building & Continuous Improvement

Continuously enhance knowledge of business processes, industry practices, emerging risks, technology trends, and regulatory developments.
Demonstrate design thinking and innovative approaches in audit execution.
Contribute to standardization of audit methodologies, templates, and reporting frameworks.
Ensure high-quality workpapers, documentation, and stakeholder-ready communication.

Educational Qualifications
- Chartered Accountant (CA) / Cost Accountant (CMA) / MBA (Finance) / Engineering with relevant audit experience.