Senior Manager/Manager - Internal Audit

Company: The Sleep Company

Website: www.thesleepcompany.in

LinkedIn: https://in.linkedin.com/company/the-sleep-company-official

About Company :-

Founded in 2019 and based out of Mumbai, The Sleep Company was created with a mission to upgrade sleep quality for every individual. The company is known for Asia's first SmartGRID mattress, built on patented technology developed with DRDO scientists, and has expanded into pillows, ergonomic chairs, recliners, and bedding covering every comfort need under one brand. It now operates 190+ stores across 80+ cities in India, alongside a strong online presence. The company follows a direct-to-consumer (D2C) model, prioritizing product innovation and R&D to stay ahead in a traditionally slow-moving mattress industry.

Job Description:

Risk Based Strategic/Annual Audit Planning:

* Develop risk-based strategic/annual audit plans for assurance and advisory/consulting engagements duly aligned with the organization's strategic objectives and IA Standards.

* Coordinate with stakeholders to understand key risks and challenges for consideration in the risk assessment/audit planning process.

* Continuously monitor business initiatives, emerging risks, regulatory developments, etc. for necessary updates in the risk assessment and audit plan.

Engagement Planning:

* Lead end-to-end assurance and advisory/consulting engagements (including investigations) relating to various departments/process in line with applicable standards.

* Prepare/present the Audit Planning Memorandum (i.e. objectives, scope, risks, timelines, etc.) for review and approval of the Head - IA.

* Review the Risk and Control Matrix (RCM) for identification/evaluation of design, implementation and operating effectiveness of internal controls.

Engagement Performance and Supervision:

* Manage/supervise the engagement team and ensure engagements are timely completed while maintaining high quality and professional standards.

* Detailed quality review the work papers prepared by the engagement team and ensure that sufficient & appropriate audit evidence is obtained, reviewed, and documented in an organized manner to support the audit conclusion/opinion.

* Review and evaluate design, implementation, and operating effectiveness of the internal controls.

* Perform root cause analyses to determine underlying factors contributing to control deficiencies.

* Conduct confidential investigations into allegations of irregularities where required.

Engagement Reporting:

* Review/update the audit reports to ensure that audit reports are clear, concise, and contain important/relevant details as per IIA Standards.

* Recommend practical and effective solutions to mitigate risks and improve controls.

* Discuss the findings and recommendations with the relevant process owners/Management to obtain Management response/action plan and resolve disagreements (Exit Meeting and Close-Out Meeting).

* Ensure that review comments of Head - IA are appropriately addressed.

* Review/update the final report in line with IIA Standards and submit for line manager's review.

* Present audit findings and practical recommendations to senior leadership.

Issue Tracking / Follow-Up & Monitoring:

* Monitor the implementation of agreed-upon corrective actions and report on progress.

* Provide advisory support to process owners during remediation efforts.

* Verify the implementation of IA recommendation and management corrective action plan.

* Escalate recurring or high-impact issues to senior management for timely resolution.

Team Management:

* Coach and mentor audit team members to build skills and improve audit effectiveness.

* Promote the adoption of best practices, AI, automation tools, and data analytics in audit activities.

* Encourage a culture of continuous learning, innovation, and professional certification.

* Persuade the team to deliver the quality results and achieve KPIs.

* Conduct performance reviews after the engagements completion to identify lessons learned and enhance future audit efficiency.