Head - Internal Audit - NBFC

This would be a Head-Internal Audit position based with a reputed NBFC in Mumbai.

PURPOSE OF THE JOB:

- Manage an Internal Audit function for independently reviewing organizational activity, processes, operations, functions to determine whether these are efficiently and effectively being carried out and also assess that these activities are functioning in accordance with management instructions and company policies and procedures. Identify and recommend opportunities to improve operating performance, and recommend solutions to problems where appropriate.

FUNCTIONS:

- Across all line of businesses, review and finalize audit plans covering major risk areas, materiality levels, major functions, operations, major profit and loss accounts and balance sheet items to randomly check compliance with company policies and procedures and international best practices; Ensure compliance with the code of conduct, standards and professional ethics laid down by the appropriate professional auditing / accounting bodies and the Group;

- Appraising the economy and efficiency with which resources are employed, identify opportunities to improve operating performance, and recommend solutions to problems where appropriate; Evaluating the plans and actions taken to correct reported conditions for the satisfactory disposition of audit findings; and provide adequate follow-up to make sure that proper corrective action is taken and that it is effective;

AUTHORITY & ACCOUNTABILITY:

- Authority as laid down in the Internal Audit Charter, duly approved by the the board, most important being:- As Group Head responsible for assisting in the deterrence of malpractices by examining and evaluating the adequacy and effectiveness of the system of internal controls, commensurate with the extent of potential exposure/risk in the various segments of the Group’s operations The Internal Audit function is independent of the activities it audits.

- Internal auditors should be able to assert themselves and express their independent opinion under all circumstances; Follow the approved annual internal audit plan; report on significant findings without bias and pressures. To ensure robust governance and code of ethics at each lob and at group level.
Should be able to establish a forward looking internal audit framework whereby all key aspects such as independence, integrity and efficiency should be incorporated.


EXPERIENCE (IN BRIEF): Minimum of 10-12years post qualification experience.

EDUCATIONAL QUALIFCATION: Qualified Chartered Accountants from Big 4 Chartered Accountant Firms and Certified Internal Auditors (CIA) / Certified Information Systems Auditors (CISA).

Harveen Kapur