POSITION SUMMARY

The AVP/VP Internal Audit will lead the internal audit function for RK Business Group, responsible for independently evaluating the adequacy and effectiveness of internal controls, risk management processes, and governance practices across all business units. The role involves designing and executing the annual audit plan, driving process and compliance audits, identifying control gaps and financial/operational risks, and partnering with business and finance leadership to strengthen the internal control environment. The incumbent will report to the CFO/Audit Committee and play a critical role in safeguarding organizational assets and ensuring adherence to policies, regulations, and best practices.

KEY RESPONSIBILITIES

1. Internal Audit Planning & Execution

- Develop and execute the annual risk-based internal audit plan covering all business units, functions, and locations.
- Lead end-to-end execution of internal audits process audits, financial audits, operational audits, and compliance audits — across the organization.
- Define audit scope, objectives, and methodology for each assignment, ensuring adequate coverage of key risk areas.
- Review and validate audit findings, ensuring evidence-based conclusions and practical, actionable recommendations.

2. Internal Controls & Risk Assessment

- Evaluate the design and operating effectiveness of internal financial controls (IFC) across key business processes.
- Identify control gaps, process inefficiencies, and financial/operational risks, and recommend corrective and preventive actions.
- Conduct risk assessments across business units and support development/updation of the organization's risk register.
- Partner with process owners to strengthen SOPs, policies, and control frameworks on an ongoing basis.

3. Compliance & Regulatory Audits

- Review compliance with statutory, regulatory, and internal policy requirements across finance, taxation, procurement, and operations.
- Coordinate with statutory and tax auditors, ensuring alignment of internal audit findings with external audit requirements where relevant.
- Monitor closure of regulatory and compliance-related audit observations within defined timelines.

4.



Fraud Risk Management & Investigations

- Design and implement fraud risk assessment frameworks and whistleblower/fraud monitoring mechanisms.
- Lead or support investigations into suspected fraud, policy violations, or financial irregularities, ensuring objectivity and confidentiality.
- Recommend and track implementation of corrective actions arising from investigations.

5. Process, Systems & Data Analytics

- Drive use of data analytics and continuous auditing tools/techniques (ERP-based reports, exception reports, dashboards) to enhance audit coverage and efficiency.
- Review key business processes within ERP/SAP systems to identify control weaknesses and process automation opportunities.
- Support digitization of the audit function, including audit management systems and automated testing where feasible.

6. Reporting & Stakeholder Management

- Prepare and present audit reports, findings, and risk assessments to the CFO, Audit Committee, and senior leadership.
- Track and follow up on closure of audit observations and management action plans across business units.
- Build strong working relationships with business heads, finance, and operations teams to drive a culture of accountability and control consciousness.
- Provide periodic dashboards and MIS on audit status, key risks, and control environment health to leadership.

7. Team Leadership & Development

- Build, lead, and mentor a team of internal auditors, ensuring quality and timeliness of audit delivery.
- Design training programs to strengthen the team's technical, analytical, and business process knowledge.
- Foster a culture of independence, objectivity, and continuous improvement within the audit function.

SKILLS & COMPETENCIES

Technical Skills

- Strong expertise in internal audit methodology, internal financial controls (IFC), and risk-based auditing.




- Sound knowledge of accounting standards, statutory compliance (GST, Income Tax, Companies Act), and regulatory frameworks applicable to the business.
- Proficiency in ERP systems (SAP preferred), MS Excel, and audit/data analytics tools.
- Working knowledge of fraud risk management, forensic audit practices, and investigation techniques.

Leadership & Soft Skills

- Strong analytical and problem-solving skills with high attention to detail and objectivity.
- Excellent communication and report-writing skills, with the ability to present findings clearly to senior leadership and the Audit Committee.
- Proven leadership experience managing audit teams and cross-functional stakeholder relationships.
- High integrity, independence of judgment, and commitment to ethical and professional standards.
- Ability to operate effectively and diplomatically in a fast-paced, multi-entity business environment.

EDUCATION & EXPERIENCE

Qualification Qualified Chartered Accountant (CA), CIA (Certified Internal Auditor), CMA, or equivalent skilled qualification. MBA (Finance) will be an added advantage.

Experience Minimum 12-16 years of progressive experience in internal audit, risk management, or related assurance functions, with at least 4-6 years in a senior leadership role.

Preferred Background Experience in a Big 4/consulting firm and/or internal audit leadership role within a multi-entity business group; exposure to hospitality, F&B;, retail, or similar sectors preferred.

Technical Skills SAP/ERP systems, data analytics tools, advanced MS Excel and PowerPoint, audit management software.

KEY PERFORMANCE INDICATORS (KPIs)

- Timely completion of the annual audit plan across all business units.
- Quality and actionability of audit findings and recommendations.
- Percentage of audit observations closed within agreed timelines.
- Reduction in recurring control deficiencies and audit exceptions over time.
- Effectiveness of fraud risk management and timely resolution of investigations.
- Stakeholder feedback on audit quality, objectivity, and business partnership.
- Team development, retention, and capability building outcomes.

📌 Assistant Vice President - Internal Audit (New Delhi)
🏢 R.K Associates & Hoteliers
📍 New Delhi