Sr. Manager - GACC

1. JOB PURPOSE

Role

To provide independent and objective assurance on the effectiveness of risk management, internal controls, and governance processes, while supporting the organization in achieving its strategic and operational objectives.

• Assurance & Cost Control-Corporate role
• ERM/Risk Management process &ESG policy implementation
• Fraud prevention & investigation

Key function area

1. Audit Planning & Risk Assessment

• Participate in enterprise risk assessment and annual audit planning
• Identify high-risk areas and prioritize audit coverage
• Develop risk-based audit programs and procedures
• Audit plan and strategy for respective business

2. Execution of Internal Audits

• Conduct financial, operational, compliance, and process audits
• Evaluate adequacy and effectiveness of internal controls
• Perform data analysis and sample testing
• Identify control gaps, inefficiencies, and potential fraud indicators

3. Reporting & Documentation

• Prepare clear, concise, and actionable audit reports
• Highlight key risks, root causes, and recommendations
• Present findings to senior management and audit committees
• Maintain proper audit documentation and working papers

4. Compliance & Governance

• Ensure compliance with applicable laws, regulations, and internal policies
• Review adherence to frameworks such as: Institute of Internal Auditors (IIA Standards)

5. Follow-up & Monitoring

• Track implementation of audit recommendations
• Validate closure of audit observations
• Escalate delays or critical unresolved issues

6. Fraud Risk & Investigation Support

• Identify red flags and fraud risks
• Support forensic audits and investigations when required

7. Process Improvement & Advisory etc.

• Recommend process improvements and cost optimization opportunities
• Act as a business partner while maintaining independence
• Support implementation of best practices in governance and control
• Improvements in business process and operating policies etc. with automation focus
• Working with business in setting up ERM/Risk management process, matrix for respective function.
• Controlling internal audit execution within schedule and of required quality
• Cost control & Cost Reduction

1. OTHER JOB DETAILS

Role will be to undertake independent audit role/assignment in various business/entities.

• Job may require travel of about 7 days in a month.
• Interaction with internal audit firm and with internal GACC team and management.
• Discussion with statutory auditor for internal control, internal audit etc.

1. KEY ACCOUNTABILITIES & RESPONSIBILITIES

ACCOUNTABILITIES

RESPONSIBILITIES

1. Operational

• Driving ERM,ESG in respective business. Reporting of Risks and mitigation status.
• Making risk based audit plan and audit committee approval.Proactive intervention and continuous audit focus.
• Evaluating IT \SAP Risks for internal controls evaluation etc. and support/drive automation.
• Policy and Standard operating procedures review and driving required changes etc.
• Tracking implementation of respective companies and escalation of open issues to management, Audit Committee.
• Making monthly IA,risk,governance report and report on system improvement, open issue status etc.

1. Industry benchmarking

• Identification of best practices with respect to benchmarking of process, rate of similar industry etc.
• Risk register

1. KEY CHALLENGES

• Process improvements with legislative framework, and undertaking benchmarking from similar industry.
• Driving ERM, ESG timely and ensuring identification of all risks and also taking up with management for mitigation.
• Investigation involving high data validation from other firms etc.
• Process improvement in automated, on automated process.

1. KEY DECISIONS
2. Made by Jobholder:

• Incumbent takes decisions on operational aspect of the audit assignment
• Decision of audit strategy
• Decision of Risks mitigation
• Decision on Investigation data analytics and approach

1. Recommendations to superior:

Recommendations on risk matrix framework, audit execution, audit investigation etc.,Major risks and mitigation (pro-active intervention etc.) operational efficiencies, process improvements and cost savings.

1. INTERACTIONS
2. Internal Interactions:

Employee at all level in Essar entities, GACC employee, CFO and other leaders etc.

1. External Interactions:

• For benchmarking etc. in industry/forums etc.
• Vendors etc.
• Statutory auditor.

1. SKILLS & KNOWLEDGE

Educational Qualifications & Certifications:

Chartered Accountant\experienced internal auditor

ERM exposure,CII will be additional qualification.

Relevant (Functional/Level) & Total Years of Experience:

Experience in large firm Internal audit function-post qualification experience 10-12-year plus (excluding article ship experience)

Functional Skills:

• ERM/Risk management
• Internal Audit, Investigation
• Commercial and accounting.
• Advanced knowledge SAP-Mainly FI, SD, MM module,and other technology understanding and skills.
• Expert knowledge of MS, Excel & IT Audit/Analytics tools.

Behavioural Skills:

• Analytical/ Probing Skills, Conceptual Thinking
• Aptitude to pick up new practices and concepts quickly
• Communication and presentation skills
• Good Interpersonal.