AddressJob Title : Internal Audit- Retail/NBFC
Location : Mumbai
Job Purpose : To assist the Sr. Audit Manager in planning & completion of the audit calendar & other special assignments in time with quality observations & lead the team of executives
Principal Accountabilities :
Planning :
- Align auditee's and internal resources to facilitate execution as per Audit Plan.
- Develop areas wise timelines within overall engagement level budgets.
Execution :
- Execute audits in line with testing plans/ checklist. Gather required data, check processes and documents and identify non-compliance with process and regulatory lapses therein.
- Evaluate the internal control over assigned areas of audit, to ensure compliance with company policies and procedures and regulations. Identify any non-compliance for reporting as discussion points with auditee.
- Map business processes and conduct analysis to determine associated risks.
- Executing analytics/trend analysis by collating data from various sources for the consumption of the audit team.
- Investigate and perform root cause analysis on Risk Events.
- Ongoing monitoring and management of co-sourced firm.
- Adherence and enhancement of Internal Audit working standards (including document standards)
- Management and quality of the deliverables of co-sourced firms for the audit assignment
- Finalise draft audit observations along with assessment of risks involved and to provide inputs for incorporation in the draft audit report.
Communication :
- Presentation and confirmation of the draft observation with auditee's line manager and assessing impact.
- Maintain adequate audit documentation for corroborating the observations
- Monitoring and timely follow-up on implementation of audit recommendations.
- Ongoing communication with the co-sourced firms on progress and quality of audits.
- Providing regular updates on status of audit progress.
People development :
- Attend planned trainings on timely basis.
- Maintain professional certification(s) and continue to develop and expand knowledge of the audit profession, information systems, regulatory issuances, industry, and Company products and information through self-study, research, and continuing education efforts.
Infrastructure :
- Effective and consistent use of infrastructure
Skills And Knowledge :
Educational Qualifications :
- Chartered Accountant (CA)
- Certified Internal Auditor (CIA)
Functional Skills :
Core Competencies :
- Ability to grasp and assess various functions in spite of not having specialised knowledge of the same.
- Analytical skills
- Communication and negotiation skills
- Ability to withstand pressure and stand firm .
- High standard of ethics and ability to stay neutral and unbiased
Role Competencies :
- Basic knowledge of risk-based mapping of processes.
- Ability to participate in interviewing auditee across any level of Management
- Good command over verbal and written English
- Expert knowledge of working tools ( MS Office)
- Working knowledge of Powerpoint.
