Vertical Head - Internal Audit

Job Purpose To ensure achievement of the internal audit objectives laid down by ABFSG for establishing and implementing a strong internal control framework across branches / franchisees.

Job Context & Major Challenges Job Context: Internal audit is a vital control element in any business and an independent assurance function that suggests improvements, adds value and gives a sense of comfort to the management that risks are being managed properly at the branches.

Job Challenges

• Ensuring adequate internal controls are in place and followed across ABFSG branches
• Ensuring compliance with regulatory requirements
• Ensuring adherence to internal policies and procedures

Key Result Areas KRA (Accountabilities) (Max 1325 Characters) Supporting Actions (Max 1325 Characters) KRA1 Audit planning 1) Compilation of standardized audit checklists in consultation with Audit Manager ¿ getting final sign off on the checklists from head of Internal audit ABFSG.

• To actually conduct audit of branches / franchisees including surprise random audits across ABFS BUs

KRA2 Audit assessment 1) To ensure that discrepancies observed during course of audit are rectified on the spot

• Where discrepancies cannot be rectified on the spot list down such issues and obtain responses and timelines for closure.

KRA3 Audit Management 1 Preparation of audit reports

2 Follow-up for closure

KRA4 Management reporting & MIS Reporting of progress, update, escalation to management as per defined guidelines / intervals