Tata Starbucks arrived in India in October 2012, as a joint venture between Starbucks Coffee Company and Tata Consumer Products Limited. Since then, the brand has grown from strength to strength.
Over the years, it has led the Indian coffee industry in pioneering a premium coffeehouse experience while setting new benchmarks in being socially responsible, strengthening communities and being one of the most loved coffee brands in India. Tata Starbucks also leads with innovation in store formats with the launch of its first drive-thru store in India at Zirakpur, Chandigarh in July 2020. Through coffee forward initiatives, Tata Starbucks continues to deliver an elevated third place experience to their customers. With a heavy focus on driving innovation, they are always striving towards customising the perfect cup of coffee and personalising the overall customer experience.
Tata Starbucks announced Gender Pay Equity in late 2019 and opened two all-women Starbucks stores in 2020. It has been voted amongst one of the best places for women to work consistently for the second consecutive year in 2020.
Tata Starbucks continues to evolve and thoughtfully expand with a long term commitment to the Indian market.
VACANCY DETAILS :-
POST NAME - Senior Manager Internal Audit & ERM
QUALIFICATION - CA
EXPERIENCE - 6 To 8 Years
EXPERIENCE - 6 To 8 Years
LOCATION - Mumbai
JOB DESCRIPTION :-
The position is an exciting and challenging opportunity for a dynamic audit team member who seeks to build on their expertise in a fast-paced and dynamic environment. This position contributes to TATA Starbucks success by understanding the business objectives and risks associated with the organisational growth. The objective of this role is to assist in Internal Audit (IA) Services in developing and executing the annual audit plan and contribute to the IA function by identifying risks associated with business objectives and evaluating the controls in place to mitigate those risks in order to improve the effectiveness of control, and governance processes. The position will also assist in devising and implementing the ERM framework aimed at early identification of emerging risks, their quantification, and assessment of need for potential actions by management aimed at reducing said emerging risk.
This role has a direct exposure to senior leadership team of TATA Starbucks.
Summary of Key Responsibilities
Planning:
- Plan and conduct the opening meetings with auditee to explain the scope and objectives of the audit engagement to auditee and provide an overview of all steps in the audit process.
- Develop a thorough understanding of business processes, policies, SOPs and practices in scope for assigned audits and document the processes in flowcharts and/or process narratives. Identify and document inherent risks and controls within the business processes
- Identify and carry out pre-planning work to narrow down on the focus areas
Fieldwork:
- Responsible as Lead auditor during the fieldwork
- Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology
- Perform audit tests and prepare working papers in accordance with professional IIA standards
- Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives. Identify and document control and process weaknesses and provide evidential support for findings
- Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies
- Plan and conduct closing meetings with auditee at the end of fieldwork, providing clear explanations for identified issues
- Guide and supervise the team members who are part of the engagement
Reporting:
- Participate in closing meetings with business owners, along with the co-sourcing firm and internal staff to facilitate seamless and conclusive alignment of engagements.
- Responsible for preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the department and senior management.
Stakeholder Management:
- Responsible for presentation and alignment of the results of the audits with the senior management.
- Co-develop recommendations and influence the management for overall improvement in control environment.
Other Responsibilities:
- Responsible for working closely with the co-sourcing team on engagement basis including supervision
- Development of the annual Internal Audit plan in line with the planning framework.
- Conduct enterprise risk assessments and identify control in place to mitigate identified risks.
- Responsible for developing data analytics queries – identifying data analytics, data pattern analysis, logic definition for query and dashboard, quality testing of the exception reports
- Recommend leading practices, appraise adequacy of internal controls & systems, ideas to improve operating effectiveness/ efficiency & identify saving opportunities.
- Lead special assignments from time-to-time.
- Deploy in a collaborative manner with the operating management by providing recommendations that are actionable and solution oriented. Constantly seek to improve the process, control and compliance maturity of the organisation.
- Lead investigations on need basis
- Responsible for preparing presentation deck for Audit Committee (AC) meetings.
- Responsible for ongoing follow-up with the business process owners on the implementation of the corrective action plans for the findings highlighted.
- Responsible to execute IFC test of operating effectiveness engagement.
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