Website:
bridgestone.co.in
Job details:
Key Responsibilities
Risk Assessment, Engagement Planning and Execution
- Conduct a comprehensive risk assessment for BSID, to support the annual IA planning process and the ability to respond to changing risk profiles of the business.
- Manage the identification and evaluation of the risk areas of the assigned clusters and provide major input to the development of the Annual Audit Plan by GC for BSID and each of the locations proposed to be visited showing the processes planned to be audited and the required time for each, to support the overall BSAPIC SBU-wide Annual IA planning activity driven by Regional Head of IA & Controls.
- Direct the performance of audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting processes and procedures.
- Manage and assure completion of annual audit plan for the BSID through effective supervision and within agreed timeline/ budget.
Internal Audit Functional Leadership at BSID:
- Provide functional leadership of the operational and compliance (and financial, if required) audit processes, ensuring that assigned audits are completed in compliance with regional and local policies and procedures.
- Ensure there is a suitable audit program for each audit assignment.
- Review, approve and manage progress against audit work plans, delegate appropriately and ensure quality of work performed and reporting.
- Present results of audit assignments to the Senior Management
- Follow up action plans for key audit findings to ensure timely implementation and provide support, where deemed necessary.
- Lead and perform operational audit assignments including; planning, communication with auditees, developing audit programs, executing work assignments, preparing the audit report and explaining it to Local Management.
- Manage the follow-up assessments to ensure that prior recommendations have been adequately implemented.
- Provide advice to Local Management and business operations on request, such as how to implement audit recommendations and providing templates or policies from other companies
- Manage the annual audit planning process by performing risk assessments of all operations
- Support the continuous improvement process and proactively suggest how the quality and efficiency of audits can be improved.
- Schedule and drive the BSID Internal Audit Committee (IAC) meetings and present the results of all audit assignments to the Internal Audit Committee
Stakeholder Management and Reporting
- Build strong relationships with relevant stakeholders, GC MD and other key functional leaders of BSID and RHO as required. Support the Regional Head of IA & Controls to serve Senior management as a trusted advisor.
- Maintain effective country and regional relationships, liaise with defined key stakeholders to understand the business and keep informed about changes in risks facing the business.
- Engage with line management at BSID and support them on specific requests and/ or consulting projects and provide advisory services to the business on an ‘as needed’ basis and as approval by the Regional Head of IA & Controls
- Provide periodic and/or requested reporting to key business leaders, including BSID MD, regarding audit plan, schedule, and status of management action plans
- Anticipate and proactively address business (strategic, operational, financial) and regulatory issues/concerns
Lead/ Support Global/ Region/ Local Initiatives
- Participate and lead IA initiatives at Regional conferences, and special projects, where required
- Provide support to the Regional IA activities, such as reporting to the BSAPIC Audit Committee, compliance and sharing of best practices and information, etc.
J-SOX Management and Coordination:
- Manage and lead all the annual J-SOX activities, ensuring clear and timely communication to all stakeholders and closely follow-up with stakeholder to ensure they complete each activity on a timely basis with good quality and proactively suggest corrective actions as soon as an issue is identified.
- Ensure that all J-SOX activities are performed on a timely basis, including the updating of documentation, performing self-assessments and reporting to the global J-SOX team.
- Perform quality checks for the different J-SOX activities performed throughout the year & proactively propose improvements and follow-up whenever necessary.
- Manage all requests and information enquiries concerning J-SOX and provide detailed and timely responses to Regional J-SOX team.
- Assist and provide support to J-SOX audit assignments for BSID entities and to confirm the adequacy to gradually strengthen of BSID’s J-SOX activities including planning, communication with auditees, executing work assignments, preparing the audit report and presenting it to Local Management
- Manage the follow-up assessments to ensure that prior recommendations have been adequately implemented.
Special audit assignments:
- On request, lead and perform special investigations (including suspected frauds) and ensure the quality and completeness of the investigation.
- Present the outcome of special investigations to local and regional management and follow-up regularly to ensure that countermeasures have been properly implemented.
- Participate in other ad hoc studies, projects and other special assignments if requested.
Tracking and closure of agreed Management Action Plans:
- Ensure that all open audit findings are followed up on a quarterly basis and that support is provided to the business where appropriate to ensure resolution on a timely basis.
People Development:
- Maintain current knowledge of audit techniques and principles, updating our procedures and policies where needed, including progressive application of data analytics.
- Be fully cognizant of the BSAPIC IA Core competencies
- Responsible for recruiting, hiring, training, developing and mentoring professional staff and performing regular evaluations of their performance
- Accountable and responsible for team capability development, upskilling and review team fit in terms of teamwork and collaboration, inclusion and social dimension, transparency, respect and trust
- Responsible to drive performance driven culture, to reward performers and manage underperformers
- Accountable for teams’ constructive feedback to raise team performance for continuous improvement
- Inspire, coach, and guide your team.
- Lead and drive the AI adoption initiative for IA within BSID in accordance with Company direction and guidance.
Global/ Region/ Local Initiatives
- Participate in Region conferences, and special projects, where required
- Prepare and submit reporting requirements and needs when required
JOB REQUIREMENTS
- Bachelor’s Degree or higher and professional auditing qualification (e.g. CIA) along with Finance / Accountancy qualification (e.g. CA, CPA, ACCA, etc.). CA qualification is mandatory.
- Minimum 15 years of relevant experience in Internal Audit, External Audit experience will be considered provided it is combined with Internal Audit. Commercial audit experience preferred.
- Team management experience of at least 5 years
- Solid knowledge of internal control frameworks, regulatory, risk-based assessment frameworks along with prior knowledge of SOX or J-SOX will be an advantage
- Experienced people manager with a focus on motivating, developing and coaching team members
- Collaborative team player across all functional teams and relevant stakeholders
- Demonstrated ability to professionally engage with senior functional leaders as well as leaders in business (similar to GC MD) and develop strong, supportive and transparent relationships. Aspire to become a trusted advisor.
- Dynamic personality with positive attitude and self-motivation and able to lead a team of auditors
- Excellent planning and execution skills
- Strong focus on relevance, quality & accuracy (including helicopter view)
- High level of integrity
- Analytical mindset with good problem solving and root cause analysis skills
- Effective negotiation skills, a proactive approach in communicating issues and strength in sustaining independent views
- Good written & verbal communication skills (confident, clear, precise, especially for presentations)
- Proactive (proposes improvement ideas and potential solutions to issues) and demonstrated ability to drive transformational change in processes and culture
- Team player with excellent interpersonal skills
- Possess strong accounting and internal controls knowledge
- Possess good planning skills and a strong capability to execute and achieve results according to deadlines
- Knowledge of SAP4/HANA preferred
- High level of integrity, respect for others, persistence, and passion for success
- Language proficiency: English is mandatory (other language(s) are added advantage)
- Good understanding of available AI related tools, including Agentic AI where applicable, with past experience in deploying test cases and team use preferred.
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