Description:

About the Role: Hiring for PMS& AIF - internal Audit team Lead

We are seeking an experienced Internal Audit professional to lead audit activities for our PMS and AIF operations. The role involves planning, executing, and overseeing audits related to investment schemes, ensuring strong internal controls, regulatory compliance, and accuracy of financial reporting. The Team Lead will supervise daily audit tasks, guide team members, and collaborate with senior management to implement improvements and strengthen governance frameworks.

Key Responsibilities

Audit Planning & Execution

- Develop detailed audit plans for PMS and AIF schemes, including defining scope, objectives, timelines, and responsibilities.

- Prepare and issue engagement letters with clearly outlined deliverables.

Portfolio & NAV Audits

- Perform audits of NAV computation for PMS and AIF portfolios to ensure accuracy and regulatory compliance.

- Review SEBI/RBI regulatory filings for correctness and timely submission.

Reconciliations & Controls Review

- Execute and review bank reconciliations and verify fund movements with client accounts.

- Conduct trade reconciliations across portfolio records, custodian statements, and broker confirmations.

- Review reconciliations for positions, corporate actions, income accruals, client onboarding, and related processes.

Team Leadership & Oversight

- Review daily work completed by team members and ensure adherence to audit methodologies.

- Provide guidance, feedback, and support to enhance team performance and audit quality.

Compliance & Risk Management

- Ensure strict adherence to SEBI regulations, internal SOPs, and investment guidelines.

- Identify internal control gaps and recommend corrective actions to mitigate risks.

Reporting & Documentation

- Prepare comprehensive audit reports with clear observations and actionable recommendations.

- Present findings to senior management and assist in follow-up and remediation actions.

- Maintain accurate documentation of audit workpapers and evidence as per internal audit standards.

Process Improvement & Automation

- Suggest process enhancements, automation opportunities, and operational efficiencies to improve accuracy, productivity, and risk control.

Required Qualifications

- CA / MBA (Finance) or equivalent professional qualification.

Skills & Competencies

Technical Skills

- Strong understanding of SEBI regulations governing PMS and AIF.

- Expertise in risk assessment, internal controls, and audit frameworks.

- Hands-on experience in NAV audits, reconciliations, and investment operations.

- Proficiency in MS Excel, audit tools, and data analysis techniques.

Core Competencies

- Strong analytical ability and attention to detail.

- Excellent communication and report-writing skills.

- Ability to manage multiple audits and meet tight deadlines.

- Team leadership and people management capabilities.

- High integrity, ownership, and problem-solving mindset.