Head of Internal Audit & Compliance

Responsibilities & Context

Responsible for preparation and implementation of a risk based Internal Audit plan.

Ensure adequate understanding of the compliance structure provided by the regulatory guidelines. Develops compliance policies and procedures of the company based on the compliance process.

Ensure that the financial statements of the company reflect true and fair view of the state of affairs of the company. This include reviewing and monitoring the process of preparing the financial statements of the company including identification of significant financial reporting issues and giving recommendations to the committee.

Monitor the organizational structure and day-to-day activities, identify any departure from regulatory and internal compliance framework and report it to the appropriate authority for rectification.

Responsible for reviewing audit reviews, including management responses and propose action plans to address issues arising, to/ from the Head of IA&C, external auditors and regulators.

Ensure that the compliance function keeps the company updated about regulatory or legal changes.

Responsible for conducting investigations related to possible non-compliance and/ or to ensure compliance programs have been put in place.

Responsible for conducting a periodic compliance meeting with MD & CEO and reporting to Audit Committee.

Ensure risk identification and mitigation Heat Map is properly implemented throughout the organization with the management ownership established.

Responsible for capacity development of internal audit & compliance team.

Recruit, Develop and Retain competent team members.

Compensation & Other Benefits

Weekly 2 holidays, Provident fund, Gratuity, Performance bonus, Insurance

Festival Bonus: 2