Director of Internal Audit and Risk Oversight

HEAD OF RISK MANAGEMENT

Job Responsibilities

Enterprise Risk Strategy & Governance:

• Develop and implement a comprehensive, forward-looking risk and internal audit strategy aligned with the organization's long-term business objectives.
• Provide strategic oversight on enterprise-wide risk exposure, ensuring proactive identification, assessment, and mitigation of risks across all business functions.
• Establish a robust governance framework to ensure risk accountability across all levels of the organization.
• Advise the Board and Executive Leadership on emerging risks, regulatory changes, and strategic risk management initiatives.
• Review related third-party transactions to ensure transparency, compliance, and governance best practices.

Risk Identification & Assessment:

• Lead and manage the process of identifying and assessing all critical risks across business functions.
• Ensure that all critical risks are identified and reported as per the risk management frequency for the organization.
• Oversee the implementation of risk mitigation strategies based on assessment outcomes to reduce the organization risk exposure.
• Define and evaluate the organization’s risk appetite to ensure alignment with business objectives and market conditions.

Risk Management Policy Development & Implementation:

• Develop and ensure comprehensive risk management policies across the business are implemented.
• Monitor adherence to risk policies and ensure compliance within the set timeframe.
• Evaluate the success of risk mitigation efforts, tracking improvements in risk exposure.
• Integrate business continuity planning (BCP) into the risk framework to enhance operational resilience and crisis preparedness.

Regulatory & Governance Compliance:

• Ensure full compliance with industry regulations, corporate governance standards, and relevant frameworks.
• Coordinate and complete compliance reviews, ensuring all required certifications are up-to-date.
• Address any control weaknesses and non-compliance identified during internal and external audits.
• Ensure that documentation is maintained as per regulatory and governance requirements.
• Monitor regulatory compliance through structured monthly reviews to identify gaps and implement corrective measures.

Risk Assessment Reporting:

• Provide the Audit Committee and other stakeholders with risk assessment reports.

Fraud Detection & Investigation:

• Develop and manage a fraud prevention and detection system, ensuring employee awareness of fraud detection and whistleblower programs.
• Lead investigations into fraud cases, ensuring timely resolution and implementation of corrective actions.
• Ensure preventive measures are implemented to reduce fraud-related losses.

Strategic Guidance to Leadership:

• Promote engagement through training and workshops on compliance and risk awareness. Provide strategic guidance and actionable insights to executive leadership on internal control and risk-related matters.
• Foster continuous improvements in decision-making processes related to internal control and risk management.

Culture of Compliance & Continuous Improvement:

• Foster a culture of compliance and continuous improvement, ensuring employees follow internal control and risk management best practices.
• Promote engagement through training and workshops on compliance and risk awareness.

Team Performance & Mentorship:

• Lead, mentor, and train the internal audit and risk management team to improve performance and productivity.
• Develop team competencies through training programs, improving overall team outcomes.
• Build a future-ready internal audit and risk management team by fostering innovation, adaptability, and skill development.

Training Program Management:

• Collaborate with HR to ensure that the required training programs are identified and executed.
• Ensure that employee understanding and application of internal audit and risk management practices are tracked and measured.

Technology-Enabled Risk Management:

• Develop and manage a fraud detection system, ensuring employee awareness of fraud detection and whistleblower programs.
• Lead investigations into fraud cases, ensuring timely resolution and implementation of corrective actions.
• Ensure preventive measures are implemented to reduce fraud-related losses.

Qualifications, Education & Experience

• Bachelor’s or Master’s degree in Accounting, Finance, Business Administration, or a related field.
• Professional certifications in Audit and Risk Management.
• 10+ years of relevant experience in internal auditing, risk management, or compliance, with at least 5 years in a senior leadership role.
• Strong understanding of financial regulations, corporate governance, and risk management frameworks.
• Experience in the FMCG, Dairy, or Manufacturing industry is an advantage.
• Proficiency in audit tools, risk assessment methodologies, and ERP systems.

Kindly email your detailed cv to miluit03@gmail.com

Please mention the position applied for on the subject column and your current & Expected salary on the body of the email.