Audit Officer - Financial Services

Job Title: Senior Audit Officer

Reports To: Chief Finance Officer/ Chief Risk Officer

Location: Mumbai

Company Overview:

Omkara Assets Reconstruction Pvt Ltd is a dynamic and growing asset reconstruction company dedicated to providing innovative financial solutions. We foster a collaborative and inclusive work environment.

Position Summary:

The Senior Audit Officer will oversee and manage the company's audit functions, including concurrent audits, statutory audits, and other necessary audits. This position requires a high level of expertise in financial auditing, risk assessment, and regulatory compliance. The successful candidate will work closely with the CFO and other senior leaders to develop and implement audit strategies that align with the company's objectives and regulatory standards.

Key Responsibilities:

Audit Planning and Execution:

- Develop, implement, and monitor the annual audit plan.

- Lead and manage concurrent audits, statutory audits, and other required audits.

- Ensure that all audits are conducted in compliance with relevant laws, regulations, and internal policies.

- Identify and assess areas of significant business risk.

Team Leadership and Development:

- Supervise and mentor a team of audit professionals.

- Provide training and development opportunities to enhance team performance.

- Foster a culture of continuous improvement within the audit team.

Risk Management:

- Identify, assess, and manage the company's financial risks.

- Recommend risk mitigation strategies to senior management.

- Work closely with the Risk Management team to ensure a coordinated approach to risk management.

Regulatory Compliance:

- Ensure the company's compliance with all applicable laws, regulations, and standards.

- Serve as the primary point of contact for regulatory audits and examinations.

- Keep abreast of changes in regulatory requirements and industry best practices.

Reporting and Communication:

- Prepare comprehensive audit reports for senior management and the Board of Directors.

- Communicate audit findings and recommendations to relevant stakeholders.

- Follow up on audit findings to ensure that corrective actions are implemented.

Continuous Improvement:

- Review and improve audit methodologies and processes.

- Implement best practices in audit and compliance.

- Utilize data analytics and technology to enhance audit effectiveness.

Qualifications and Experience:

- Bachelor's degree in Finance, Accounting, or a related field. A Master's degree is preferred.

- Professional certification such as CA, CFA is required.

- Minimum of 7 years of experience in financial auditing, with at least 4 years in a supervisory or managerial role.

- Extensive knowledge of auditing standards, regulatory requirements, and risk management principles.

- Strong analytical, problem-solving, and decision-making skills.

- Excellent leadership and team management abilities.

- Exceptional communication and interpersonal skills.

- Proficiency in audit software and data analytics tools.