Title:  Internal Control Lead-Corporate Risk & Compliance

Job Summary

The Internal Control Lead will be responsible for ensuring a strong internal control environment through the design and implementation of Internal controls, ensuring their implementation and monitoring compliance. The position will work to foster standardization and consistency across business processes and internal controls.

Roles & Responsibilities

• Provide oversight as 2nd line of defence to ensure operational management maintains a robust risk and control environment; 
• Provide risk management and control design expertise across the business processes including Order to Cash (O2C), Procure to Pay (P2P), Hire to Retire (H2R), Record to Report (R2R), Taxation and Treasury;
• Support process reviews to identify sustainable control improvements; 
• Perform quality reviews to ensure high quality risk awareness and control execution; 
• Assist in the implementation of Group wide methodology changes; 
• Support and guide local management in the design, development and maintenance of effective risk and control management practices; 
• Ensure that the Internal Control methodology is strictly implemented and maintained; 
• Coordinate the timely planning and execution of management testing of controls in line with the Group's methodology and timeline; 
• Support and oversee the remediation and deficiency assessment process and proactively work with the Process and Control owners to establish proper remediation plans; 
• Support the assessment of deficiencies and their underlying root causes; 
• Monitor and guide management in the timely and sustainable remediation of deficiencies; 
• Deliver periodic training and expertise to Process Owners, Control Owners and Control Performers to ensure successful execution of roles and responsibilities; 
• Design and document Operational and Strategic Policies, Standard Operating Procedures and other governance documents for the group; 
• Support and educate all levels of local organization on the importance of risks and controls; 
• Establish constant and transparent communication with GRC Manager team on relevant matters; 
• Participate in Corporate Governance, Risk and Internal Controls initiatives and projects. 
• Support process design enhancements to standardize processes and controls (in coordination with Global Process Owners) to simplify and rationalize the control environment; 

Key Stakeholders: 

• IFFCO Governance Risk and Controls Team
• Management Teams at Business Units and Group Corporate Functions 

Work experience and qualifications

• 4-5 years' experience in finance, audit or internal control related areas; 
• Experience in Risk Management (ORM and ERM), Internal Control Implementation projects, Process reviews and Change Management
• Strong business knowledge and working experience in the area of process improvements; 
• Strong understanding of internal controls methodology as per COSO/ISO 31000 frameworks; 
• Strong experience of control environment in the FMCG/Manufacturing setup;
• Professional qualification equivalent to CA/CIA /CPA/CISA is an advantage;

Good To have

• Working knowledge of ERP systems preferably SAP; 
• Knowledge of IFRS and US GAAP
• Knowledge about Information Technology General Controls will be an added advantage.

Competencies