Cultfit - Head - Internal Audit (10-12 yrs)

Head of Internal Audit

Key Responsibilities:

Strategic Leadership:

- Develop and execute the internal audit strategy aligned with the organization's objectives.

- Provide leadership and direction to the internal audit team.

- Collaborate with senior management to integrate audit activities into the overall risk management framework.

Audit Planning and Execution:

- Develop an annual audit plan based on a risk assessment and in consultation with key stakeholders.

- Execute audits, including financial, operational, and compliance audits, ensuring they are conducted efficiently and in accordance with professional standards.

- Review and assess the effectiveness of internal controls. Suggest corrective actions and track the implementation of the same to ensure minimum gaps.

Team Management:

- Recruit, train, and manage a team of internal auditors.

- Foster a culture of continuous improvement, professional development, and ethical conduct within the internal audit department.

Risk Assessment and Management:

- Identify and assess key risks facing the organization.

- Develop and implement risk-based audit plans to address identified risks.

Reporting:

- Prepare comprehensive audit reports outlining findings, recommendations, and action plans.

- Communicate audit results to senior management, the board of directors, and other stakeholders.

Compliance and Ethics:

- Ensure compliance with relevant laws, regulations, and internal policies.

- Promote ethical behavior and adherence to the organization's code of conduct.

Collaboration:

- Collaborate with external auditors, regulators, and other stakeholders as necessary.

- Work closely with other departments to address and resolve audit issues.

Continuous Improvement:

- Stay current with industry trends, best practices, and regulatory changes.

- Recommend and implement process improvements to enhance the efficiency and effectiveness of internal audit processes.

Qualifications:

- 10+ years of experience in internal audit, with a track record of progressively responsible roles.

- Strong operations and quality background, Prior audit experiences in airlines/ hotels / other service industries preferred

- Strong knowledge of internal control concepts, risk management, and audit methodologies.

- Excellent communication and leadership skills.

- Ability to work collaboratively and build positive relationships across the organization.

- High ethical standards and integrity.