Manager - Internal Controls

Vmart; India; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Vmart seeks a skilled Internal Audit professional to own the IFC/ICFR framework and oversee control design, testing and remediation across key business processes. You will coordinate with outsourced auditors, track action plans and prepare governance reports for senior leadership and committees.

The role also includes SOP development, process improvements, and promoting AI-enabled audit techniques to strengthen control environments across HO, stores, and warehouses.

Qualifications

• Design, implement and maintain IFC/ICFR framework across key processes.
• Plan and perform design and operating effectiveness testing of controls.
• Coordinate audits with statutory auditors and manage remediation actions.

Responsibilities

• Draft and update SOPs and policies with process owners.
• Identify control gaps during process walkthroughs and propose improvements.
• Track management actions and report control health to leadership and Audit Committee.
• Drive adoption of AI-enabled audits and automated control monitoring.
• Prepare risk reports and governance papers for committees.

Skills

Internal audit

Control testing

Risk assessment

Data analytics

Education

CA

CWA

CS

MBA

Tools

SAP ERP

Job description

Internal Audit SOP Development Accounting

CA,CWA,CS MBA

Job Description

• Own the IFC/ICFR framework by maintaining process narratives, Risk & Control Matrices (RCMs) and entity-level controls for all key processes (procure-to-pay, order-to-cash, inventory, payroll, fixed assets, treasury, financial reporting).


• Plan and perform periodic design and operating-effectiveness testing of key controls, document test results and report deficiencies with root cause and remediation plans.


• Coordinate management testing and support the statutory auditors' IFC review, ensuring timely closure with no material weaknesses.

SOPs, Policies & Process Improvement

• Draft, review and update Standard Operating Procedures and company policies (including Delegation of Authority and approval matrices) in consultation with process owners, and maintain document control, versioning and approvals.


• Conduct process walkthroughs across HO, stores and warehouses to identify control gaps, inefficiencies and duplication, and recommend practical improvements.


• Review new processes, systems and business initiatives (e.g., new store formats, integrations, omnichannel processes) to embed controls at the design stage.

Internal Audit Coordination & Action Tracking

• Act as the single point of coordination with the outsourced internal auditors: help finalise the risk-based annual audit plan, facilitate data and access, and review draft observations with process owners.


• Track management action plans for internal, statutory and other audit observations, follow up with owners and validate closure with evidence.


• Prepare audit status and control-health reports for the Lead, CFO and Audit Committee.


• Drive adoption of AI-enabled audits, continuous automated control monitoring (CACM) and audit automation to identify exceptions, emerging risks and control gaps proactively.


• Build comprehensive understanding of key risks, controls, audit matters and governance requirements.


• Support the Enterprise Risk Management framework: maintain the risk register, coordinate risk assessments with functions and track mitigation plans for the Risk Management Committee.


• Prepare presentations, MIS and supporting papers on internal controls and risk for Audit Committee and Risk Management Committee meetings.


• Support governance mechanisms such as the whistle-blower/vigil mechanism, code of conduct compliance and related party transaction review, in coordination with Secretarial and Legal.


• Build data-driven exception reports and dashboards (e.g., duplicate payments, vendor master changes, SoD conflicts, inventory variances, store cash differences) using ERP data and analytics tools.


• Review SAP/ERP user access, segregation of duties and IT general controls with the IT team.


• Conduct special reviews and investigations assigned by the Lead, including fraud-risk and shrinkage-related reviews, and recommend corrective actions.

Stakeholder Management

• Work closely with Finance, Accounts, Merchandising, Supply Chain, Store Operations, HR and IT so that controls are practical, understood and followed.


• Conduct awareness sessions and trainings for process owners on SOPs, controls and compliance expectations.

Gradually take ownership of Audit Committee, major risk reviews, investigations and strategic control improvement initiatives