Internal Audit Manager India

Autolivs primary goal is to Save More Lives. Our products never get a second chance. This is why we can never compromise on quality. We are working to increase vehicle safety by developing seatbelts airbags and steering wheels and you can be part of our team as Internal Audit Manager.

Assignment specification for Autoliv Inc. Internal Audit Manager

Job Title: Internal Audit Manager

Position: Global

Department:Group Internal Audit (GIA) with Head Office in Stockholm Sweden

Department Head: Vice President Internal Audit Chief Audit Executive (CAE) with a direct reporting line to the Audit and Risk Committee and a functional reporting line to the Autoliv Chief Financial Officer (CFO)

Location:Bangalore India

Position Summary:

The Internal Audit Manager role is a new global position based in Bangalore India within the Group Internal Audit (GIA) function with its Head Office in Stockholm Sweden.

The role entails the responsibility to perform assurance activities and consulting activities related to Autolivs risk management control and governance processes i.e. the system of internal controls. In addition to perform assurance and consulting activities the role also entails to participate in departmental activities under the direction of the Vice President Internal Audit CAE and to work with the rest of the GIA function in Sweden and China as applicable to ensure a worldclass internal audit function for the entire Autoliv Group including Autoliv India. The work should be performed in alignment with the mission of being a trusted advisor to the entire Group giving high value assurance and advice to the Board the Audit Committee management and the rest of the Group.

The Internal Audit Manager should have a good understanding of Global Internal Audit Standards of the Institute of Internal Auditors (IIA) and is a Certified Internal Auditor (CIA) or has the ambition to become certified.

The Internal Audit Manager will participate in assurance activities with a data analyticsbased methodology and an endtoend process focus and be responsible for planning and execution of internal audits managing and monitoring the work of internal auditors performing comprehensive electronic and other work paper preparation including review effectively communicate internal audit observations risks and recommendations preparing Internal Audit reports for the approval of the CAE assessing Management Action Plans (MAPs) and maintaining appropriate relationships with auditee management representatives at different levels.

The Internal Audit Manager will also support the CAE with developing and maintaining internal audit methodology working practices and tools including technology aided tools.

The Internal Audit Manager will also participate in consulting activities as applicable.

The work performed is conducted based on a combination of remote and onsite work as appropriate.

Travel in India and abroad is required for the role as determined in the annual Internal Audit plan with approximately 10 trips per year.

Position Details:

Assurance Activities

• Planning of internal audits to assess the effectiveness of the system of internal controls i.e. risk management control and governance processes.
  • Performing information gathering from previous internal audits external audits risk assessment and other relevant sources in the planning of internal audits prior to Execution.
  • Preparing/Performing data analytics in collaboration with the GIA Data Analytics Specialist Team on the entities/processes/controls/systems to be used in the planning of internal audits prior to Execution.
  • Submitting request list to the auditee with a listing of material to be used in the planning of internal audits prior to Execution.
  • Developing Scoping and Planning Memorandum for the approval of the CAE.
  • Developing Announcement Letter to the auditee for the approval of the CAE.
• Executing internal audits remote/onsite for entities/processes/controls/systems defined in the annual Group Internal Audit plan with amendments as applicable to assess the effectiveness of the system of internal controls i.e. risk management control and governance processes.
  • Conducting Opening Meeting.
  • Performing internal audit work.
  • Managing and monitoring the work of internal auditors.
  • Performing comprehensive electronic and other work paper preparation including review based on generally accepted internal auditing standards and GIA working practices including documenting data analytics documenting flowcharts of processes controls and systems documenting results of walkthroughs of processes controls and systems documenting root cause documenting results of assessment of design effectiveness of processes controls and systems documenting results of substantive testing documenting results of assessment of operating effectiveness of processes controls and systems or documenting other evidence.
  • Assessing design effectiveness as well as operating effectiveness of processes controls and systems.
  • Effectively communicating internal audit observations risks and recommendations ongoing throughout the internal audit and during Exit Meetings and Closing Meetings as applicable.
  • Preparing Internal Audit reports ensuring factual based and consistent high quality of observations risks and recommendations for the approval of the CAE.
  • Assessing the effectiveness of Management Action Plans (MAPs).
• Supporting the CAE with developing and maintaining internal audit methodology working practices and technology aided tools such as TeamMate and Share Point in cooperation with other GIA team members as applicable.
• Supporting the CAE in the preparation of the Annual GIA plan and material to the Audit and Risk Committee and other key stakeholders as applicable.

Consulting Activities

• As applicable participating in consulting activities such as counsel advice facilitation and training relating to the system of internal controls i.e. risk management control and governance processes.
• As applicable participating in the investigation of potential internal fraud cases.

Other

• Maintaining appropriate relationships with the auditee management representatives at different levels.
• Contributing to best in class teamwork within GIA.
• Participating in and contributing to GIA function departmental activities.

Education Experience and Skill Requirements:

• The Internal Audit Manger carries a relevant degree in an area important to the achievement of Group Internal Audits objectives.
• The Internal Audit Manager has a good understanding of Global Internal Audit Standards of the Institute of Internal Auditors (IIA) and good practice internal auditing techniques including use of internal audit technology aided tools.
• The Internal Audit Manager has a good understanding of local Indian internal audit requirements.
• The Internal Audit Manager is a Certified Internal Auditor (CIA) or has the ambition to become certified.
• The Internal Audit Manager has more than five years of relevant experience in areas such as internal audit and external audit.
• The Internal Audit Manager has experience from multinational and manufacturing companies.
• The Internal Audit Manager has experience from working in India and internationally.
• The Internal Audit Manager has a good understanding on how to assess design and operating effectiveness of processes controls and systems.
• The Internal Audit Manager is a good communicator and is able to communicate with management representatives at all levels.
• The Internal Audit Manager is a team player but at the same time confident working on his/her own.
• The Internal Audit Manager is also fluent in English.