SH – Internal Audit & Risk Management

Job title: SH – Internal Audit & Risk Management

Company: Aditya Birla Group


Job description: Job Description:Job Purpose

• To facilitate implementation and maintenance of defined Risk Management process at the units and corporate level.

• To review and update SOPs and facilitate the units in their implementation for strengthening internal controls of the company.

• Assisting HOD Corporate Accounts in respect of Internal Audit matters such as timely preparation and implementation of Audit Plan, study of internal Audit reports, co-coordinating with units for monitoring and reporting of status on suggestions.

Job Context & Major ChallengesContext Business & Environmental: Grasim Industries Limited (Grasim) is a diversified Company which operates in 7businesses involving 22 Plant locations across the country. How job fits in overall scheme of things: The link between risk and reward has become more important for the company, as the industry grapples with the challenges of growing and delivering profit while facing stiff competition from global players in the industry. In order to identify, analyse and mitigate various risks in the company s area of operation, a structural risk management system is necessary. The Risk Management and Compliance function at Corporate level has become very critical to ensure that Risk Management processes are in place across various businesses and reporting mechanism is followed.Corporate Finance Division is the contact point for providing the framework for Risk Management and reporting to Board/Committee and gets the observations of the Board implemented across businesses.This position in specific requires knowledge pertaining to Contemporary risk management practices, Internal Controls, Internal Audit, Analytical skills to help business units identify risks based on MIS data received & Communication/Co-ordination skills for effective designing and implementation of policies/SOPs. Additionally, assist CFO in strategic initiatives like review of CREC proposals, BRC presentations, fund raising, preparing financial models for decision making. The position also assists CFO in review of standalone business performance on a monthly / quarterly basis, review Investor related documents and Audit Committee/ Board presentation to ensure accurate reporting.Challenges1.Coordination with Units and ensuring key activities in the Risk Management Framework are regularly performed.2.Continuous updation of SOP in coordination with Business Units to include the best practices.3.Coordination with Internal Auditors for understanding and discussing the observations and timely closure of internal audit reports4.To make required information for the Board / Committee meetings, understand and get implemented key decisions through internal structure.Key Result Areas KRA (Accountabilities) Supporting Actions
1 Risk Management related activities

• Preparation, review and implementation of Enterprise Risk Management Policy and Manual
• Partnering with and supporting businesses to carry out activities related to Risk Management
• Follow up with Units to ensure quarterly risk meetings are organized and attending the same, wherever possible.
• Take initiative of creating awareness and training Business/ unit team to create a risk culture
• Assisting CFO in organizing Risk Management Committee meetings, review and timely circulation of presentation and taking actions on suggestions of the Committee

2 SOP / Manuals / Guidance Notes and Best practices sharing

• Identify areas requiring SOP/ manual/ guidance notes etc.
• Preparation and Implementation of SOPs to ensure effective control over operations across all Units/ Businesses.
• Periodic review and updation of SOPs

3 Internal Audit related activities

• Assist in preparation of Internal Audit plan for the year
• Tracking the status of internal audits
• To coordinate with internal auditors and respective location coordinators to ensure timely execution of internal audit plan
• Study of Internal Audit reports and take required actions
• Provide inputs for strengthening internal controls.
• Assisting CFO in organizing Audit Committee meetings, review and timely circulation of presentation and taking actions on suggestions of the Audit Committee
• Monitor, review and ensure closure of audit observations

4 Internal Financial Controls

• Design, update and Review Risk Control matrices
• Initiate self-assessment of internal financial controls at all the units
• Review of self-assessment results including visit to units
• Ensure closure of gaps identified during review and self-assessment
• Liason with statutory auditors w.r.to gaps in Internal Financial Control reporting and ensure closure of the same within timelines

5 Assisting CFO in Strategic Initiatives, Business Reviews and other matters

• Assist CFO in

• Review of CREC/ BRP/ BRC documents
• Preparing financial models to facilitate CFO in decision making
• Facilitate data/ details as requested by CFO
• Review data/ presentation such as Investor/ Audit Committee/ Board/ CHMO related documents etc. to ensure accuracy and completeness
• Any other activities as assigned

Expected salary:

Location: Mumbai, Maharashtra

Job date: Tue, 29 Jul 2025 02:48:30 GMT

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