The position oversees and ensures / enhances the effectiveness of internal control systems, risk management, and compliance within a business unit, focusing on financial processes, regulatory adherence, and operational efficiency. It is also focused on the process improvement, design, implement and monitor controls, escalation management, handling and conducting audits and provide recommendation, anticipating concerning areas for the management and prepare for the defense / management implementation plansAssociate Director – Internal Controls

Professional Qualifications / Experience

• Strong Analytical Skills - Ability to analyse data, identify risks, and assess the effectiveness of controls. 

• Excellent Communication Skills - Ability to communicate complex information clearly and concisely to both technical and non-technical audiences. 
• Project Management Skills - Ability to plan, execute, and manage internal audit projects and initiatives. 
• Knowledge of Internal Control Frameworks - Familiarity with frameworks like COSO and SOX. 
• Auditing Experience - Experience in conducting internal audits and evaluating control procedures. 
• Compliance Knowledge - Understanding of relevant regulations and industry standards. 
• Problem-Solving Skills - Ability to identify and resolve control issues and implement corrective actions. 
• Leadership and Teamwork - Ability to lead and motivate internal audit teams and collaborate with cross-functional teams. 
• Chartered Accountant
• 6 Years of professional work experience in the above domain in a Big 4 / IT/ITES Industry
• Experience of working with teams in an agile, dynamic customer-centric environment.
• Experience and ability to drive and follow-up finance and other department functions.

Purpose of the Role

The position oversees and ensures / enhances the effectiveness of internal control systems, risk management, and compliance within a business unit, focusing on financial processes, regulatory adherence, and operational efficiency. It is also focussed on the process improvement, design, implement and monitor controls, escalation management, handling and conducting audits and provide recommendation, anticipating concerning areas for the management and prepare for the defence / management implementation plans.

Key Responsibilities

Process Improvement and Control

• Identify and implement process improvements to enhance efficiency and cost-effectiveness. 
• Establish and maintain internal controls to ensure compliance with laws and regulations. 
• Ensure internal controls over financial reporting, test of design and effectiveness of the control and preparation and updates of the RACM and Process Flowcharts

Collaboration and Communication

• Collaborate with internal and external stakeholders, including auditors and financial institutions. 
• Communicate financial information and insights to management and other relevant parties. 
• Support management on issues relating to financial data preparation process, book closing and quarterly reporting process and suggestions for the improvement

Internal audits and Risk Assessment

• Conduct / support regular internal audits and reviews to assess the effectiveness of controls and identify areas for improvement. 
• Monitor and assess operational, tactical and strategic risk to proactively identify and address existing and emerging risks and issues. 

Compliance Monitoring, Documentation and Training

• Monitor compliance with internal policies, regulations, and industry standards. 
• Maintain accurate and up-to-date documentation of audit procedures, findings, and remediation plan
• Communicate audit findings and recommendations to management and relevant stakeholders, and provide training on internal control procedures

Oversee the implementation of corrective actions to address identified control deficiencies.

BangaloreIndia