Head - Internal Audit
cars 24 services pvt ltd
Total years of experience :19 years, 11 Months
Current responsibilities include oversight of internal audit framework, SOX framework implementation & Special reviews, with periodic updates to the senior management and board level committees covering:
• Strategizing and formulating annual risk based internal audit plan covering firm wide processes and drive audit execution across business entities in India, UAE, Australia, Thailand & Indonesia
• Tracking and ensuring implementation of management action plans emerging from audits
• Leading SOX framework implementation across India, UAE, Australia and other geographies
• Driving special mandates including special forensic reviews
• Driving the ethics program covering aspects such as leadership tone, communications, training, process documentation, etc.
• Working closely with the Group General Counsel in designing a Corporate Governance framework
• Part of Corporate Governance Committee across countries like India, UAE, Australia & Thailand
Reporting: Functional reporting to the Group CFO
Current responsibilities include oversight of internal audit and assurance, Enterprise Risk Management (ERM), Code of Business Ethics & Conduct functions, with periodic updates to the senior management and board level committees:
• Strategizing and formulating annual risk based internal audit plan covering firm wide processes and drive execution in coordination with the Management Assurance Service group
• Tracking and ensuring implementation of management action plans emerging from audits
• Partnering with the business teams in performing Controls Self-Assessment (CSA) and reviews of process documentation for adequacy and completeness
• Quarterly assessment of Key Financial Controls (KFC) for design and operating effectiveness as part of evaluating adequacy of the firm’s system of internal control
• Exception reporting for key fraud vulnerabilities using a Continuous Controls Monitoring (CCM) tool
• ERM : Monitoring and reporting of top entity level risks and mitigation plans to the Risk Committee
• Driving the ethics program covering aspects such as leadership tone, communications, training, process documentation, etc.
• Driving market intelligence forensics framework in close coordination with the Management Assurance Service group
• Conducting whistle blower investigations and reporting to the Ethics Committee
Key achievements in the current role include:
• Significant contribution in improving group audit score from tier III to II category for the first time
• Improved internal audit methodology with inclusion of risk and materiality considerations
• Streamlined the process for tracking of internal audit management action plans
• Implemented the CSA and KFC frameworks for identification of business risks/controls and assessment of control design and operating effectiveness
• Implemented CCM tool for key fraud vulnerabilities exception reporting
• Institutionalized and formalized the ERM framework
• Revamped the ethics program in line with the COSO framework
Reporting: Functional reporting to the Group Director - Internal Assurance and administrative reporting to the
MD & CEO
Responsibilities included oversight of internal audit and assurance activities, with periodic updates to the senior
management and board level committees:
• Strategizing, formulating and executing risk based internal audit plan and special projects covering
firm wide processes and quarterly updates to the MD, CEO, Executive Chairman and Board Audit
committee on the adequacy of the organization’s system of internal control and on sought matters
such as site core quality testing, KFCs, etc.
• Tracking and ensuring implementation of management action plans emerging from audits
• Supporting central forensic team in investigations emerging from audit observations
• Maintaining comprehensive repository of firm wide risks and controls in Open Pages GRC tool
Key achievements in the role included:
• Documented a comprehensive Internal audit charter clearly defining the audit planning, execution
and reporting protocols along with a benchmarked audit scoring methodology
• Identified significant observations in the area of site returned assets and supported business in
streamlining the process via key automations
• Identified incremental revenue billing opportunities (approx. INR 51 million)
• Reported significant improvement opportunities in the areas of procurement, energy management
and preventive maintenance
• Identified critical IT security vulnerabilities during annual vulnerability assessment / penetration
testing and significant observations in the area of data leakage prevention
Maryland, USA / New Delhi / China, Mar 2012 - Mar 2015
Reporting: Functional reporting to the Internal Control Board & administrative reporting to the Corporate CFO
Responsibilities included oversight of internal audit and assurance activities, with periodic updates to the senior
management:
• Strategizing, formulating and executing risk based internal audit plan covering firm wide processes
and periodic updates to the Internal Control Board on the critical / high risk control areas and related
mitigation plans
• Tracking and ensuring implementation of management action plans emerging from audits
• Documented risk and control matrices for each audit area covered and maintained a risk repository
• Assisted management in establishing a robust framework & implementation system for ERM
• Coordinated with divisional heads on the emerging risks & changes in risk profile
• Documented Standard Operating Procedures (SOP) for identified business processes
Acted as Interim Financial Controller (during Oct’12 to Sep’13) for one of the associate companies in Shanghai, China
Reporting: Reported to the designated Partner
Clients served: AVI- OIL India, Bacardi India, Carlsberg India, DSCL - Sugars, Honda Motorcycle & Scooter, Microsoft India, Radico Khaitan, SONA BLW PRÄZISIONSSCHMIEDE GmbH, Sona Koyo Steering India, Tetley Tea (Canada & South Africa), Volvo Auto India, Triveni Sugars, Xerox- India & Philippines, etc.
Responsibilities included supporting clients with advisory activities focused on risk management, process improvement, quality assurance and compliance across multiple industries (like Alcoholic Beverage, Aviation, Automotive, Industrial Products, Software, Sugar, etc.) and geographies (India, Canada, Germany, South Africa, Philippines):
• Client management covering aspects like set up, engagement scoping, execution planning,
monitoring and closure
• Driving new opportunities / sales at existing clients or accounts
• Drafting business proposal for prospective clients and accompanying senior management in the
meetings
• Conducting trainings on key internal tools and audit execution methodology
• Contribution in firm’s initiatives like development of training modules, drafting of sector specific
internal audit check list and involvement in CSR programs
• Compliance with QRM policies & procedures
• People management covering aspects like managing different set of teams, participation and
ownership for integrating new hires, career conversations with counselees and identification of
team’s developmental needs
Previous roles involved internal audit, financial and business operations support in business process outsourcing and
retail companies
Qualified Chartered Accountant
Bachelors of Commerce