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
Collaborate across audit teams to strengthen functional expertise and business understanding

Educational Qualifications

Chartered Accountant (CA) / Cost Accountant (CMA) / MBA (Finance) / Engineering with relevant audit experience

Internal Auditor