Senior Manager Internal Audit & Risk Management

Bosch Global Software Technologies Private Limited is a 100% owned subsidiary of Robert Bosch GmbH, one of the world's leading global supplier of technology and services, offering end-to-end Engineering, IT and Business Solutions. With over 28,200+ associates, it’s the largest software development center of Bosch, outside Germany, indicating that it is the Technology Powerhouse of Bosch in India with a global footprint and presence in the US, Europe and the Asia Pacific region.

Roles & Responsibilities :

Position Overview:

The Senior Manager Internal Audit & Risk Management would be responsible for overseeing and managing a portfolio of audits & Risk Management. The role involves assessing internal controls, risk management processes, financial reporting, and ensuring compliance with legal and regulatory standards. This individual will play a critical role in safeguarding the company’s assets, driving operational efficiency, and ensuring adherence to company policies and industry standards. The incumbent should have experience in managing a team of resources and presenting audit reports to top management. The role reports to Head of Audit.

Key Responsibilities:

• Audit Planning & Strategy:

• Lead the development of the annual internal audit plan in collaboration with senior management, ensuring alignment with the organization's objectives and risk profile.

• Lead discussions with management and senior stakeholders on Enterprise Risk Management

• Conduct risk assessments to identify key areas of concern and prioritize audits & risk activities accordingly.

• Delivery:

• Lead a team of qualified Accountants to deliver the audits and ERM activities

• Perform audits of financial, operational, compliance, and IT-related areas in both the corporate and software-specific sectors.

• Evaluate the adequacy and effectiveness of internal controls, risk management practices, and corporate governance processes.

• Compliance & Regulatory Oversight:

• Ensure the company complies with relevant local and international regulatory frameworks, GDPR (General Data Protection Regulation), and industry-specific standards.

• Monitor and report on the effectiveness of compliance programs and internal control procedures.

• Reporting & Communication:

• Prepare detailed audit reports summarizing findings, risks, and recommendations

• Prepare, evaluate and present ERM plan & findings to Head of Audit & Risk

• Present audit results and provide actionable insights to Head of Audit & Risk

• Work closely with stakeholders to discuss audit results and drive the implementation of corrective actions.

• Team Management:

• Lead and manage a team of risk professionals, ensuring proper allocation of resources and efficient execution of audits, risk activities

• Provide coaching, mentorship, and development opportunities for junior auditors to enhance their skills and performance.

• Continuous Improvement:

• Identify areas for improvement in internal controls, audit processes, and risk management.

• Recommend and implement best practices to enhance efficiency and effectiveness in the internal audit function.

• Stay updated on industry trends, emerging risks, and new audit methodologies relevant to the software and GCC sectors.

 

• Collaboration with External Auditors & Stakeholders:

• Act as the primary point of contact for external auditors and regulatory bodies during audits and reviews.

• Collaborate with other departments such as finance, legal, compliance, and IT to understand operational challenges and address audit findings.

• Regular interactions with senior leadership for ERM

Key Skills and Competencies:

• Strong understanding of internal audit methodologies, risk management, and corporate governance frameworks.

• Expertise in software development processes, IT controls, and security risk management.

• Strong analytical skills, with the ability to assess complex systems and identify control weaknesses.

• Excellent communication skills, both written and verbal, to communicate audit findings to senior management and stakeholders.

• Leadership capabilities to manage teams and drive cross-functional collaboration.

Knowledge of ERP systems, financial reporting tools, and audit software

Educational qualification:

Qualifications:

• Bachelor’s degree in accounting, Finance, Business, or a related field.

• CA/CIA/CPA/ICAEW or equivalent certification preferred.

• 15+ years of experience in internal audit & risk management, preferably in the software or GCC industries or Big 4 consulting companies

• Experience with risk-based auditing and knowledge of IT audit frameworks.

• Experience in auditing software development lifecycle or technology-driven processes is an advantage.