Internal Audit Role - BFSI

Key Responsibilities :

- Spearhead internal client facing teams and guide them on solution delivery. Independently lead smaller modules of the engagement

- Understanding the client's requirements and writing clear client proposals that articulate the specialized domain skills.

- Assist team members in developing technical and professional competency. Coach, train, and support consultants in the team.

- Independently execute assignments. Typical audit assignments comprise of conducting reviews of systems, internal controls, re-engineering processes, documentation of Standard Operating Procedures, and cost & working capital optimization.

- Participating/ conducting interviews with clients (senior staff - heads of business units, SMEs, other stakeholders), analyzing the facts, establishing hypotheses, & deriving conclusions

- Effectively deliver tasks on projects as guided by the seniors and client management team

- Manage multiple assignments and related project internal teams

- Meet quality guidelines within the established turnaround time (or allotted budget) for assigned requests

- Establish deep relationships with client personnel (at appropriate levels) by understanding client's perspective

- Constantly monitor project progress, manage risk and verify key stakeholders are kept informed about progress and expected outcomes. Participate in sales and support business development initiatives.

- Delivering concise deliverables that are tailored to the client's business, and requirements, in a timely fashion.

- Supporting the engagement delivery (staff, time, client) to achieve high-quality deliverables, on time

- Creating new business opportunities by presenting specific value propositions to clients, or preparing collateral packs

- Contributing to conscious efforts that promote the engagement economics and hence the overall Group profitability.

- Bridging a Gap between Seniors and client stakeholders, timely communication, reporting and escalatio to meet project objective

Required Skill Set :

- In depth understanding of Internal Audit and Risk Management concepts and corresponding experience in FS entities such as Banks, Shadow banks, Investment Banks, Asset Management Companies, Capital Markets , Payment and Fintech, Insurance etc.

- Must have worked on below.

- Internal Audit, Next Gen. IA, QAR

- SOX, IFC, ICFR testing

- Controls Designing to Monitoring

- COSO 2013 - COSO ERM

- RCMs/ RCSA development and testing

- Corporate Governance

- Business Processes: Excellence Enhancement, Optimization, and Implementation

- Enterprise Risk (ERM)

- Operational Risk (ORM)

- KYC and AML

- Regulatory Remediation/ Compliance

- Third-Party Risk/Outsourcing Risk

- Credit Risk

- Insider/Personal Trading Compliance

- Compliance Framework

- Business Strategies

- Digital Transformation and Automation

- Global / Large Delivery Set-up / COE

- GRC Framework

- ITGC

- Deep understanding of credit life cycle (underwriting & approvals), and experience in credit rating & analysis + approvals

- Assist clients with testing internal process controls and developing internal audit plans

- Assess the current state of an organization's internal control/Sarbanes-Oxley Act framework and help clients drive value and efficiency in their internal controls by implementing leading practices

- Assist clients in addressing compliance, financial, operational, and strategic risk etc.

- Review organization policy and procedures and convert the same into risk and controls attached to it

- Identify, assess and monitor risks by developing a and strategy and identify opportunities to improve business processes

- Solid understanding of investment life cycle in asset allocation and its link to appetite setting, pre and post-investment due-diligence

- Implementing the corporate governance standards in banks and investment banks - board focused initiatives aligning to regulatory best-practices

- Establishing a risk governance structure with clear roles and responsibilities

- Implementing operational risk frameworks with solid understanding of process maps, risks and controls deep product knowledge is essential

- Conducting Fraud Scenario Assessments in FS clients - banks and investment banks

- Implementing Enterprise Risk Management frameworks across multiple FS clients (stock exchanges, investment companies).

- Developing risk policies and processes in credit, market, operational risks, ALM tailored to the specific business line