Manager - Internal Audit

Date Posted:

Country: India

Location: Mumbai, India

Key Responsibilities

Internal Audit Controls Management

• Lead and support the Internal Control COE in overseeing financial, operational and compliance controls across Otis India.
• Develop and execute a risk-based annual audit plan covering branches, regional operations, functions, shared services, and key business systems.
• Conduct and supervise branch audits, regional audits, process audits, operational audits, and system control reviews.
• Evaluate the effectiveness of internal controls and identify opportunities for process optimization and risk mitigation.
• Prepare audit reports, communicate findings to management, and ensure timely closure of audit observations.
• Establish effective monitoring mechanisms to track remediation actions and control deficiencies.
• Drive continuous improvement of the internal control framework and governance processes.

Audit Coordination Stakeholder Management

• Act as the primary liaison for internal auditors, external auditors, and Global Internal Audit teams.
• Coordinate audit planning, fieldwork activities, documentation requests, management responses, and remediation tracking.
• Partner with functional leaders, regional heads, and business stakeholders to address control gaps and strengthen compliance.
• Present audit outcomes, risk assessments, and control updates to senior leadership and relevant governance forums.

SOX Compliance Governance

• Lead Sarbanes-Oxley (SOX) compliance activities, including control testing, management assessments, issue remediation, and compliance reporting.
• Monitor eSOX observations and ensure robust action plans are developed, implemented, tested, and closed within agreed timelines.
• Support Annual Control Assessment (ACA), Management Representation Letter (MRL) processes, and other regional governance reviews.
• Review policy deviations and ensure timely approvals, documentation, and renewals.
• Ensure compliance with Otis global policies, procedures, and ethical business standards.

Risk Management Investigations

• Perform proactive reviews to identify emerging business risks, fraud indicators, compliance concerns, and control deficiencies.
• Support ethics investigations involving financial matters, control failures, misconduct allegations, and policy violations.
• Conduct root cause analysis and recommend sustainable corrective actions.
• Promote a strong risk awareness and compliance culture across the organization

Compliance Council Leadership Reporting

• Organize and coordinate Controls Compliance Council meetings.
• Prepare executive presentations, dashboards, audit summaries, risk reports, and meeting materials.
• Document key decisions, track action items, and provide status updates to senior management.
• Participate in regional and global governance reviews and provide insights on control effectiveness and risk exposure.

Process Improvement Special Projects

• Lead initiatives focused on enhancing operational efficiency, control effectiveness, and compliance maturity.
• Review and update local policies and procedures in response to organizational, regulatory, and business changes.
• Support regional and global finance transformation, compliance, and internal control projects.
• Identify opportunities for automation and analytics-driven control monitoring.

Qualifications

• Education: CA / MBA (Finance) or equivalent professional qualifications.
• Experience: Minimum 4 to 10 years of experience in Internal Audit, Risk Management, SOX Compliance, Internal Controls, Governance, or Finance Controllership.
• Experience with multinational organizations and matrix reporting structures preferred.
• Experience with Big 4 accounting firms will be advantageous.
• Prior experience in the Elevator Escalator industry is strongly preferred.
• Exposure to manufacturing, engineering, industrial products, construction services, or related sectors will be highly valued.

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