Internal Audit Role - BFSI

Job Summary :

- We are seeking a highly motivated and experienced Internal Auditor to join our team. In this role, you will assist in the development of the annual audit plan and perform audits to evaluate the design and operating effectiveness of established lending policy and procedures.

- You will be responsible for leading audit planning, fieldwork, and reporting from centralized domestic location and selective physical outlets, as well as providing valuable observations and recommendations in the regulatory and Operations area.

- Your expertise in understanding regulatory requirements and operational risk procedures along with ability to conduct independent audits will be essential.

Key responsibilities :

- Assist in the development of the annual audit plan for the corporation and its subsidiaries, evaluating the design and operating effectiveness of Finance policies and procedures.

- Familiarize yourself with business processes and corresponding laws and regulations before and during each audit.

- Identify and document audit objectives, risks, and key internal controls based on established scope and objectives, and develop the necessary audit test plan and procedures.

- Lead audit planning, fieldwork (testing and documentation), and reporting.

- Provide valuable observations and recommendations in the Operations area.

- Communicate preliminary results to management and obtain validation under the supervision of Head Internal Audit.

- Document audit test results in a clear manner that supports the conclusions reached.

- Prepare written draft audit reports assessing the adequacy of design and effectiveness of the evaluated controls.

- Monitor open audit issues and conduct post-audit follow-up to evaluate the adequacy of remediation efforts.

- Prepare ad-hoc reports and assist in special projects as required by the supervisor.

- Establish strong working relationships with various teams across the organization and work cohesively with IAA teammates.

- Evaluate compliance with company policies, procedures, and regulatory standards.

- Collaborate with internal stakeholders at appropriate levels of management to build working relationships.

- Execute special projects and process improvements as needed.

- Demonstrate excellent time management skills, effectively managing multiple assessments simultaneously.

- Lead meetings confidently to discuss audit issues ensuring their understanding of associated risks, root causes, and necessary actions for remediation.

- Review written draft audit reports for routine audits, clearly articulating any identified issues during closing meetings with management.

- Operate autonomously and manage tasks without constant manager intervention.

-Take ownership of assigned tasks and actively interact with other Audit team members to achieve departmental goals.

Experience and Skills :

- Master's degree in Accounting, Finance, Business, Data Analytics, or related fields. CA/CS/CMS. Additional Information Security accreditation like CISA or similar will be an added advantage.

- Proficiency in data analytics using audit tools such as IDEA.

- Excellent project management and audit delivery skills.

- 5-6 years of relevant work experience in Internal audit, or Compliance.

- Strong written and verbal communication skills, positive attitude, and eagerness to learn.

- Ability to confidently lead meetings with process owners and ensure their understanding of associated risks, root causes, and remedial actions