Head - Audit - Risk & Assurance Division - Financial Firm

Overview : To oversee, manage and lead Risk and Assurance Division with regulatory requirements. To act as an architect and steward of audit and compliance - strategy, structure and processes.

- As the Lead of Audit and Compliance Division, the incumbent must ensure that the audit resources are appropriate, sufficient and effectively deployed to achieve the organizational goals approved by the Board.

- To ensure effective and efficient processes in identifying, preventing, detecting and correcting non-compliance with applicable rules and regulations.

- To ensure timely completion of audit engagements.

- Providing guidance to the Board, Senior Management, staff and employees on compliance including training and grooming of the teams.

- Developing policies and programs that encourage managers and employees to report suspected fraud and other improprieties without fear of retaliation.

- Co-ordinating internal compliance review and monitoring activities, including periodical reviews of divisions.

- Responding to government/statutory/autonomous body's investigations and queries as the principal point of contact.

- To manage and retain existing client portfolio

- Develop areas of expertise or niche area of excellence

- Promoting new ideas and business solutions that result in extended services to existing clients

- Be an active and timely contributor to various magazines on articles and journals on relevant topics

Key Result Areas :

- Keep the gross margin of the divisions being managed under complete check and attempt to bring the costs down to 35-40% over the next 18 months

- Developing all other practice lines using the industry network/connects and experience with specific focus on audit, compliance and related services

- Introduce new clients

- To contribute revenue equivalent or more than 3 times of the incumbent's annual compensation

- Introducing the best industry practices in the firm by conducting regular training and developmental exercises