Deputy Manager (Internal Audit), NMIPL

Objective: Identify key business risks related to compliance with local laws, Nissan policies and procedures, and/or provide advisory services to business, and mitigate such risks and/or suggest improvements by conducting audits and follow up on timely implementation of recommendations.

2. ORGANISATIONALCHART

     (Only Job Titles)

3. KEY RESPONSIBILITIES

EXPECTED END RESULTS

MAJOR ACTIVITIES

Finish Annual Internal Audits and Ad hoc Audit Committee Requests

• Lead and/or participate in internal audits assigned by the regional audit head
• Ensure alignment on results of internal audits with local leadership
• Work with external auditors to ensure audit results are reliable

Management-signed J-SOX Letters and Periodic PDCA

• Ensure J-SOX (PLC + CLC) reviews are completed and management-signed letters on results is obtained, as required by the J-SOX Committee Head (Global CFO)
• Follow up with various action owners to follow up on implementation of open audit recommendations.  Help business obtain closure.
• Work with external auditors to ensure J-SOX results are reliable

Identify and Document Risk Assessment

• Interview entity MD, CFO and department heads to understand, document and identify open risks to the organization.
• Use professional skepticism using risk-based approach in determining the risks to be considered for annual audit plan.

Audit Testing and Workpapers / Meet QAIP Standard

• To extend audit testing to five biggest or 60% of value of samples with same attributes as exceptions.  This will help to determine the magnitude of the financial exposure to the organization.
• Ensure audit workpapers supporting the audit findings are adequately filed and retained for regional audit head, management and for any external quality assurance review.

Consultative Services Related to Policy Creation, Process Improvements, etc.

• Be the subject matter expert in advising organization on application of and introduction of new policy to ensure compliance with local and Japanese GAAP, and other local and global Nissan policies. 

4.   SKILL REQUIREMENTS

• Solution-Driven Approach:  Propose recommendations and solutions that are practical, easy to understand, comply with Nissan policy and help improve the overall control environment while ensuring business objectives are met. 
• Risk Identification and Mitigation:  Use professional scepticism in identifying inherent, control and residual risks to the organization from interviewing senior management employees.  Thereafter, determine the high and medium risks that need to be included in the annual audit plan.
• Stakeholder management:  Ensure all stakeholders concur and implement recommendations included in the audit report.  This involves brining in change in mind-set, attitude and ironing out any resistance while ensuring everyone moves forward and mitigates any risks to business.
• Data Analytics:  Obtain required information from multiple data sources and analyse it critically.
• In-depth Knowledge of Business Processes:  Understand complex business processes and controls thoroughly and conduct conclusive audit testing.
• Adapt to Changing Business Environment:  Provide counsel to key stakeholders on policy-related matters and help determine impact, especially in a changing business environment.
• Report Writing:  Draft audit findings incorporating compelling evidence and quantification of exceptions.

5.   KEY INTERACTIONS

Internal

External

Managing Director / Chief Financial Officer / Department Heads / Process Owners across various entities in the AMIEO Region:  Agree on audit findings and recommendations in the audit report; provide periodic PDCA status on recommendations (including guidance on alternatives to achieve audit finding closure due to evolving business environment); provide consultative advice on policies and processes, as and when required

• Global Internal Audit:  Provide audit status, J-SOX status, PDCA status, and feedback on specific topics (J-SOX controls, processes, audits)
• Other project owners in AMIEO, other regions and global, as required, to benchmark processes for audits
• Statutory auditors, tax consultants, etc.,

6.    QUALIFICATION and EXPERIENCE

EDUCATIONAL QUALIFICATIONS

• Chartered Accountant (or equivalent like CPA, ACCA or CIA)
• Masters in accounting, Business, Finance
• Willing to travel across the AMIEO (Africa, Middle East, India, Europe and Oceania) region: Around 60%, when needed

RELEVANT EXPERIENCE

• Five to eight years of internal and/or external audit experience
• Excellent understanding of GAAP, finance and international business concepts
• International or regional work experience (Preferred)
• Big 4 and/or MNC audit experience (Preferred)
• Prior automotive industry experience (Preferred)
• Worked with internal control frameworks and risk management
• Worked on forensic audit engagements (Preferred)
• Working experience with SAP and other ERP systems

PERSONAL CHARACTERISTICS

• Initiative and promoting changes – typically work independently and should take the initiative and make decisions
• Advanced analytical and conceptual thinking – ability to analyse and break down complex data into simple and easy-to-understand reports
• Professional Judgment – ability to think objectively, have strong ethical standards, as well as high levels of integrity to adhere to regulations
• Organization and negotiation skills – need to be incredibly organized and be able to prioritize workload, as well as be resilient and calm under pressure
• Strong communication and interpersonal skills – work closely with and present valuable data to other teams, managers, and stakeholders
• Integrity – Ensuring objectivity at workplace.