Manager/Senior Manager - Internal Audit - BFS - CA

Job Title - Manager / Sr. Manager- Internal Audit

Function / Department - Internal Audit

Department Head - Head - Internal Audit

Reporting Manager - AVP/VP - Internal Audit

Purpose of the Job :

To provide independent and objective assurance on the management of risk throughout the organization using a robust audit framework. To evaluate the adequacy and effectiveness of management implemented controls with the objective of presenting to the Audit Committee (AC) and the management with analyses, appraisals and recommendations concerning the entities audited.

Describe the KPIs against each perspective:

- Perspective Key Performance Indicators

Business

- Audit assignments completed versus planned

- Departmental costs versus budget

- Potential savings for organization identified through audits

Customer Focus

- Feedback from Board and Audit Committee

- Coverage of key risks

- Completion of audit as per schedule

- Customer complaints versus commendations

- Proportion of recommendations accepted

- Process / Quality Improvement

- Process improvements implemented as a result of audits

- Audit process improvement initiatives

- Projects undertaken to drive process improvements

Self-deliverables:

The most important tasks performed.

Sr. No Task performed:

1 Risk Assessments for all functions and processes of the organization

2 Designing an Audit Plan and creating Audit Schedule

3 Conducting Audits as per the Schedule and issuing Reports

4 Monitoring Corrective Action Plan to address the High and Medium Risk observations

5 Providing updates to Head - Internal Audit