Conduct internal audits and ensure compliance with established business control policies, processes, procedures, standards, laws and regulations in assigned functional areas/business units
Work with external consultants to ensure timely completion of Internal Audit work across all locations
Develop and test necessary controls to assess compliance levels and identify risks in time
Conduct fieldwork, gather evidence, and perform testing to assess the adequacy and effectiveness of controls, procedures, and systems in the aviation operations
Perform efficient due diligence and work on the recommendations for any risk or non-compliance identified
Study audit reports and present recommendations and insights to the Head – Internal Audit
Prepare comprehensive audit reports detailing findings, recommendations, and action plans
Stay updated with changes in aviation regulations, industry best practices, and emerging risks
Identify opportunities for enhancing audit methodologies, tools, and techniques to improve the efficiency and effectiveness of the internal audit function
Develop action plans based on Internal Audit reports. Track timely and effective corrective actions taken following audit recommendations
Follow up with relevant functional heads to act on Audit findings and escalate as required to the Head – Internal Audit
Prepare initiatives for people development initiatives and building up in-house capabilities for the employees in the department
Actively participate in HR initiatives to drive overall employee engagement and motivation
Any other additional responsibility could be assigned to the role holder from time to time as a standalone project or regular work. The same would be suitably represented in the Primary responsibilities and agreed between the incumbent, reporting officer and HR.
Skills Required for the role
Risk Management
Stakeholder management skills
Strong Interpersonal skills
Strong Negotiation skills
Attention to details
Knowledge of auditing techniques
Analytical Skills
Key Performance Indicators
Audit Timeliness and Compliance
Timely completion of Internal Audits
Process adherence for timely action on audit findings
Compliance Management
Risk Management and Mitigation
Risk Assessment and Mitigation
Key Interfaces
Internal Interfaces
Cross Functional Teams
Collaborate with other functions to understand their specific operational needs, assess risks within their areas, act on control frameworks
External Interfaces
External Auditors
Coordinate with external auditors to ensure alignment and minimize duplication of efforts in audit planning and execution
Regulatory Authorities
Interact with regulatory agencies to stay informed about regulatory changes, seek clarifications, and provide necessary documentation and information during audits or inspections
Educational and Experience Requirements
Minimum Education Requirement
MBA - preferably in Finance or related field /CA
Certified Internal Auditor (CIA) is preferred
Minimum Requirement
Desired
Experience
10-13 years in internal auditing and relevant experience in planning and leading audits and some familiarity with the functioning of the Registrar of Companies
13+ years of experience in internal auditing and relevant experience in planning and leading audits
Experience in aviation industry is preferred
Responsible for performing the internal audit activities to ensure compliance with regulatory requirements, mitigate risks, and improve the overall efficiency and effectiveness of our operations
Participate in all audit and compliance activities and ensure strict adherence internal policies and procedures as well as regulatory and statutory requirements.