Manager - Internal Audit

Role Overview

Manager - Internal Audit at Apparel Group. This role conducts reviews of operations, functions, finances, management, and compliance within the company to enable it to drive forward in achieving its mission and vision.

Role Purpose

To work in coordination with the Internal Audit Head and oversee the function of Operational and Functional Audit, ensuring the organization maintains effective internal controls, manages risks, and operates in compliance with applicable laws and regulations.

Key Responsibilities

Risk Assessment

• Identify and analyze risks to the achievement of objectives, ensuring the organization understands the risks it faces and takes steps to address them.
• Identify significant risks including financial, operational, and compliance risks.
• Assess the likelihood and impact of each risk.
• Determine risk mitigation strategies.
• Ensure that new or emerging risks are regularly reviewed.

Control Activities

• Implement policies and procedures to mitigate risks and achieve objectives.

Information and Communication

• Ensure the right information flows through the organization so employees can perform their duties effectively and decisions are based on accurate data.
• Communicate policies, procedures, and responsibilities clearly to all levels of the organization.
• Disseminate relevant information to management in a timely manner for decision-making.

Monitoring Activities

• Conduct regular assessments of the internal control system to ensure it remains effective and aligned with the organization's objectives.
• Monitor day-to-day activities on an ongoing basis, such as reconciliations and reviews.
• Conduct periodic internal and external audits to assess the effectiveness of controls.
• Track and address identified issues or weaknesses promptly.
• Continuously improve internal controls based on audit results or process reviews.

Compliance with Laws and Regulations

• Ensure the organization adheres to applicable laws, regulations, and internal policies, particularly in areas such as finance, health and safety, data protection, and environmental standards.
• Provide regular updates and training on compliance requirements.
• Conduct compliance audits and assessments.
• Establish policies and procedures to prevent legal violations and regulatory breaches.
• Monitor changes in laws and regulations regularly to keep controls updated.

Operational Efficiency and Effectiveness

• Ensure that operations are performed efficiently and that resources are used in an optimal manner to achieve the organization's goals.
• Streamline processes to reduce redundancies and inefficiencies.
• Identify areas where processes could be automated for greater efficiency.
• Conduct regular reviews of departmental MIS to ensure completion of KPIs in a timely manner.

Qualifications & Experience

• At least 7 to 9 years of experience in internal audit or related roles such as external audit, risk management, or compliance.

Skills & Competencies

• Strong analytical, problem-solving, and critical-thinking skills.