National Audit Manager - BFSI

National Audit Manager

JOB SUMMARY:

-Work closely with Chief Audit Executive in formulating the risk based audit framework, strategy & plan for internal audits, concurrent audits and management audits of central functions (both at Head Office and at Regional Offices)

-Drive the internal audits, concurrent audits and management audits of the central functions, with the help of internal & external auditors, as per the risk based audit plan, track the key findings and closure of the same

Responsibilities :

Business :

- Assist the CAE in formulating a risk based audit framework and annual audit plan for the central functions

- Identify risks based on prioritization of audit areas and allocate audit resources in accordance with the risk assessment

- Plan the scope, risk, and frequency of Internal Audit activities in central functions(Finance, HR, Operations, Credit, IT, Treasury, Admin etc.) and manage the execution of planned internal audits, concurrent audits and management audits with the help of internal and external audit teams.

- Monitor the implementation of the audit plan for the central functions as per plan and drive report preparation within timelines

- Deliberate on the issues raised with the Internal Audit team and management and finalize the audit report including recommendations and management action plans with the CAE

- Implement a tracking system to independently follow-up on the open issues and escalate, if required

Customer :

- Act as the point of coordination between the functional heads and auditors

- Provide clarifications to the queries raised by central function team members on the details of the audit findings and resolution mechanisms

- Interact with the Compliance Head to get updated on the new trends in regulations and accordingly incorporate the inputs into the scope of audit.

- Highlight the compliance breaches, non-compliances or violations observed to the Compliance Monitoring & Testing Manager so that the monitoring & testing plan focusses on the areas pointed out.

Internal Process :

- Design solution centered approach for resolution of audit findings jointly with respective functional heads

- Plan, supervise and review work performed by the external auditors inclusive of on-ground auditing, review of reports etc.

- Identify need for follow-on audits to validate the remedial actions put in place and ad-hoc audits to address risks assessed during the year

- Appoint CA firms for the audit of central functions or for special reviews as and when required.

- Review the reports prepared by the CA firms and discuss along with the Functional Heads on the appropriateness of the issues

- Discuss the reports with the CAE and facilitate the onward reporting to the Audit Committee

- Ensure compliance to the regulatory guidelines in audit of central functions

- Ensure adherence to SLAs on timelines for completion of the audit

People Management & Learning :

- Keep abreast on regulatory guidelines, provide training to the functional audit managers on the same

- Supervise the performance of the direct reportees and conduct their annual performance appraisal. As a skip level supervisor oversee the performance of second level managers, identify their training and development needs.

- Ensure adherence to training man-days/ mandatory training programs for self & reportees

- Ensure goal-setting, midyear - review and annual appraisal process happens within specified timelines for self and reportees

Desired profile:

- CA/MBA with 10+ yrs of relevant experience. CISA Certification is added advantage.

- Knowledge of operating model of NBFCs, MFIs&Banks

- In-depth understanding & knowledge of Internal Audit of various central functions, planning & executing of Concurrent audits and Management audits

- Hands on experience in conducting Risk based Internal Audit including Risk Assessment thereto.

- Preparation of Audit checklists and periodic review of audit universe