Assistant Manager - Internal Audit - BFSI

Role Summary: Responsible for Analyzing information using logical processes, audit analysis tools / software and Assessing company processes, pertinent regulations, risks & internal controls and impact on business Working knowledge of internal audit concepts and methodology. Working knowledge of internal audit concepts and methodology. 2 - 3 years in Internal Audit Preferably in life insurance / financial services sector.

- Review the area to be audited and understand the scope of the audit

- Review previous audit reports, if any, to check clearance of key issues

- Prepare preliminary risk assessment matrix (RAM), identifying key risks and controls in the audit area

- Discuss and validate the RAM with the local and regional audit managers.

- Do a process walk through along with the process owners and prepare process flowcharts

- Execute testing strategy

- Perform compliance and substantive testing

- Conclude on the adequacy, effectiveness and efficiency of key controls tested

- Complete work paper documentation in audit software - Teammate (TM)

- Draft audit issues/reports as per GIA's audit methodology

- Discuss audit issues with operational management and ensure factual accuracy of the issues

- Submit report to audit manager for review

- Input final audit report into TM, before formal issuance

- Participate in risk mitigation plans, contingency planning, business continuity programs by executing and reporting within defined timelines. Highlight and recommend process gaps, flaws and process changes