Internal Audit and ERM

Mumbai - India

Monthly Salary: Not Disclosed

Posted on: 18 hours ago

Vacancies: 1 Vacancy

Job Summary

Job Title: Enterprise Risk Management & Internal Financial Controls

Location: Head Office

Reports To: Chief Financial Officer (CFO) / Head of Risk & Compliance

Role Overview:

The role is responsible for designing implementing and continuously improving the organizations Enterprise Risk Management (ERM) framework and Internal Financial Controls (IFC) system. The incumbent will work closely with senior management functional heads and auditors to identify key business risks ensure compliance with regulatory requirements and strengthen the internal control environment.

Key Responsibilities:

1. Enterprise Risk Management (ERM):

Develop and implement the ERM framework policies and processes across business units.
Identify assess and prioritize key strategic operational financial and compliance risks.
Facilitate risk workshops with cross-functional teams to develop mitigation plans.
Maintain and update the risk register risk appetite and control matrices.
Present risk dashboards and reports to the Risk Committee and senior leadership.
Support the integration of risk management into business planning and decision-making.

2. Internal Financial Controls (IFC):

Design and implement a robust Internal Financial Controls framework aligned with statutory requirements (e.g. Companies Act 2013).
Conduct risk and control assessments of key financial processes (Procure-to-Pay Order-to-Cash Record-to-Report etc.).
Identify control gaps recommend improvements and ensure timely remediation.
Coordinate testing and documentation of internal controls for statutory and internal audit purposes.
Ensure control ownership and accountability through awareness and training sessions.

3. Audit & Compliance Support:

Liaise with internal and external auditors during IFC and ERM audits.
Support management in preparing responses to audit observations and implementing action plans.
Ensure alignment of ERM and IFC processes with corporate governance and regulatory frameworks.

4. Reporting & Governance:

Prepare quarterly risk reports and control compliance dashboards for management and Board Committees.
Track key risk indicators (KRIs) and control effectiveness metrics.
Drive a culture of risk awareness and ethical financial governance across the organization.

Qualifications & Experience:

Chartered Accountant (CA) MBA (Finance) or equivalent qualification.
12 -15 years of experience in risk management internal audit or financial controls (depending on role level).
Prior experience in implementing IFC ERM frameworks preferred.
Strong knowledge of finance processes internal controls and risk frameworks.
Proficiency in Excel SAP systems desirable.

Key Skills & Competencies:

Job Title: Enterprise Risk Management & Internal Financial Controls Location: Head Office Reports To: Chief Financial Officer (CFO) / Head of Risk & Compliance Role Overview: The role is responsible for designing implementing and continuously improving the organizations Enterprise Risk Management (...