Internal Audit

Company Description

In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has in India the largest development center outside Germany, for end-to-end engineering and technology solutions. The Bosch Group operates in India through twelve companies: Bosch Limited – the flagship company of the Bosch Group in India – Bosch Chassis Systems India Private Limited, Bosch Rexroth (India) Private Limited, Bosch Global Software Technologies, Bosch Automotive Electronics India Private Limited, Bosch Electrical Drives India Private Limited, BSH Home Appliances Private Limited, ETAS Automotive India Private Limited, Robert Bosch Automotive Steering Private Limited, Automobility Services and Solutions Private Limited, Newtech Filter India Private Limited and Mivin Engg.Technologies Private Limited. In India, Bosch set-up its manufacturing operation in 1951, which has grown over the years to include 16 manufacturing sites, and seven development and application centers. The Bosch Group in India employs over 30,500 associates and generated consolidated sales of about Rs. 26,827 crores (3.1 billion euros) in fiscal year of which Rs. 24,406 crores (2.8 billion euros) are from consolidated sales to third parties. Bosch Limited is the flagship company of the Bosch Group. It earned revenue of over Rs. 11,782 crores (1.39 billion euros) in fiscal year

Additional information can be accessed at

Job Description

Position Overview:

The Internal Audit & Risk Management person 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.

Key Responsibilities:

• Audit Planning & Strategy:
• Participate in building the annual internal audit plan in collaboration with senior management, ensuring alignment with the organization's objectives and risk profile.
• Participate and lead in discussions with management and senior stakeholders on Enterprise Risk Management
• Participate in risk assessments to identify key areas of concern and prioritize audits & risk activities accordingly.
• Delivery:
• Participate and lead 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, 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
• Present audit results and provide actionable insights
• Work closely with stakeholders to discuss audit results and drive the implementation of corrective actions.
• 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
• Business Continuity Plan
• For situations triggering BCP, call for emergency meeting with the Control Authority /BCP members, identify control actions required and track them to closure
• Organizes BCM committee meetings
• Define BCMS organization
• Implementation of BCMS tasks (e.g., BCP tests, trainings) in the organization
• Define yearly BCP plan in Jan which include the time for review & update BCMS framework
• Sharing of LL&BP in the BCP trainings & management meeting
• Follows-up open points from BCMS review minutes
• Review on open points from BCP test lessons learnt and audit

Qualifications

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.

Qualifications:

• Bachelor's degree in Auditing, Accounting, Finance, Business, or a related field.
• CA/CIA/CPA/ICAEW or equivalent certification preferred.
• 8+ 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.

Additional Information

WHY BOSCH?

Because we don't just follow trends, we create them.

Because together we turn ideas into reality, working every day to make the world of tomorrow a better place.

Do you have high standards when it comes to your job? So do we. At Bosch, you will discover more than just work.

Benefits and Career Opportunities

• Working in one of the Best Places to Work in Vietnam and Top 30 of the Most Innovative Companies all over the world
• Join a dynamic and fast-growing global company (English-speaking environment)
• Engage in our diverse training programs which surely help strengthen both your personal and professionalism
• 13th-month salary bonus + attractive performance bonus (you'll love it) + annual performance appraisal
• 100% monthly salary and mandatory social insurances in 2-month probation
• Meal, Commuting and Parking allowance
• Premium health insurance for you and 02 family members
• 15++ days of annual leave + 1 day of birthday leave
• Flexible working time
• Free in-house entertainment facilities and sport activities: football, badminton, yoga, Aerobics….
• Vibrant culture: Enjoy team-building events, company trips, year-end parties, tech talks, charity & CSR initiatives
• Onsite opportunities: short-term and long-term assignments