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Assistant Vice President - Internal Controls & Audit

Mumbai, India
Closing date
Jun 29, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Main Purpose:
Support organization to accomplish its objectives, assess and manage company's risks. Further, evaluate and verify that the organization maintains robust internal control environment to ensure effectiveness of risk management, control and governance processes by providing recommendations on company's controls and processes.

Knowledge Skills and Abilities, Key Responsibilities:

Key Responsibilities:
  • Conduct financial, operational, and compliance audits in accordance with the annual audit plan. Evaluate the adequacy and effectiveness of internal controls and risk management processes.
  • Identification of process risks and mitigating controls.
  • Perform testing of controls to ensure compliance with policies, procedures, and regulations.
  • Conduct interviews with employees and management to gain an understanding of processes and controls.
  • Prepare clear and concise audit reports that summarize observations, risks, and audit recommendations.
  • Communicate audit results to management and discuss practical solutions to address identified issues.
  • Monitor adherence to policies and assess how effective procedures, control and systems are to support such policy daily.
  • Coordinate control changes, process redesigns and new procedures implementation.
  • Update Trafigura's control framework process and controls and develop detailed process flowcharts.
  • Follow-up with the business and supervise progress of mitigating actions related to open observations.
  • Review the usage of the system and suggest improvements to ensure continuous improvement and further automation.
Abilities, Experience and Qualifications:
  • Bachelor or Master in Business economics, Audit, Accountancy or equivalent.
  • Minimum 8 years in internal audit or combination of external/internal audit, preferably with a strong component of business process re-engineering.
  • Business experience would be considered an asset in any of the areas of Oil/Metals/Commodity Trading/Energy/Renewables.
  • ACCA, CIA, or similar certifications.
  • SOX and IT audit experience is desirable.
  • Knowledge of accounting standards (Dutch GAAP and/or IFRS), accounting processes, financial instruments and derivatives would be considered an asset.
  • Ability to think outside of the box and identify improvement opportunities to enhance efficiency and effectiveness of internal controls.
  • Excellent writing, verbal and presentation skills in English.
  • Ability to act successfully in an international business and multicultural context.
  • Good interpersonal skills and ability to interact with varying levels of the organization.
  • Independent, flexible great teammate with strong analytical and influencing skills and conceptual problem solver.
  • Taking ownership and accountability and comfortable to work in a pressured environment.
  • Willingness to travel as per project's requirements.
  • Communicates effectively
  • Meets deadlines
  • Provides quality deliverables
  • Pays attention to detail
  • Firm, decisive and results-oriented
Key Relationships and Department Overview:

Key Relationships
  • Compliance,
  • Operations,
  • Finance,
  • Trading,
  • Accounting,
  • Chartering,
  • Risk management,
  • IT

The Internal Controls Team supports management across the Group in assessing the design effectiveness of processes, as well as relevant risks and controls for the governance, trading, IT and support processes. Results of these activities are reported to the Board of Directors and the Audit Committee, accompanied by action plans to improve process design, strengthen controls and further mitigate risks where required. Internal Controls review and document end-to-end processes of Trafigura globally, identify gaps and recommend mitigating actions. External auditors validate the effectiveness of the Trafigura Internal Control System every year.

We a r e c o mm i t t ed to r e s p o n si b le b u si n ess practi c es a n d belie v e that t h e su p p ly o f ener g y and raw m a t e ri a ls is e s se n tial f o r g ro w t h , d e v el o p m ent and p r o sper i t y . We a r e ac c eler a ti n g o u r i n v es t m ents in ren e wab l e ener g y , inc lud i n g hyd r o g e n , a mm o n ia a n d o ther l o w - c ar b o n e n er g y t ech n o l o g ies req u ired f o r t h e tra n sit i o n to a l o w car b o n futu r e. A n d w e w o r k w i th o u r collaborators to i m p r o v e e n v i r o n m ental and soc i al stan d ar d s, b ri ng i n g greater trust and t ra n sp a rency to gl o b al s up p ly ch a i n s.

A career at Trafi gu ra o ffers a g at e way t o w o rki n g o n s o m e o f t h e mo s t e xciting c h al l en g es o f a ra p i d ly ch ang i n g wo rld - fr o m h el p i n g t o o p t i m ise su p p ly ch a i n s t o d e v el o p i n g in f rastr u c ture and n e w m ark e ts. In a cu l ture t h at is f o und ed o n o p en n ess and e n er g y , o u r p e o p le wo r k as part o f a mu lti n ati o n al, g l o b al l y c o nn ec t ed t e a m and t h r i v e in a fas t - p a c ed e n v iro n m e n t whe r e th e y can n u rtu r e a n d c o m m erciali s e b o ld i d eas. E v er y o n e h a s a vo i ce and is e m po w e r ed t o c o ll a b o rate ac r o ss g e o g ra ph ies a n d subject areas t o help sh ap e o u r b u si n e ss and t h e wi d er w o rl d . We kn o w t h e i m po rta n ce and v al u e o f d i v ersi t y in o u r b u si n ess, and we i n v est in attr a ctin g , d e v el o p i n g and r e tai n i n g t ale n t fr o m all backg r o und s.

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