NCDEX - Senior Associate - Member Inspection & Audit

Job Purpose:

Apply professional audit principles, policies and procedures to the regular audit of members, & internal departments to ensure that potential risks are minimized, security and control guidelines are strictly adhered to and also to ensure that efficient and adequate checks and balances exist in work flow processes to achieve compliance.

Key Accountabilities:

- Audit of Members of Exchange in accordance with established rules and regulations and circular provisions of SEBI with in TAT

- Establish individual objectives and plans for each team member and supervise their activities and review their work to ensure the timely completion of audit in conformance with acceptable standards.

- Review and analysis of data under various circular guidelines of SEBI like, Enhanced Supervision of stockbroker submissions, Risk based supervision submissions of members and any other future regulatory requirements

- Review of reports of Internal audit and system audits of members and associated entire mechanism including review of control sheets and letters issuance

- Preparation of circulars and issuance subsequent to approval

- Managing team and conduct of Member inspections

- Preparation of reports on actions to be taken for closure of inspection and placing for committee approval

- Recommend, through audit reports and policy, processes and procedural changes in any audited area, as a basis for business and managerial process improvement.

- Monitor the continuing relevance of the current Internal Audit policies procedures and standards to the current and future activities and gain approval for any necessary changes in order to ensure the ongoing validity of the audit processes as a basis for minimizing risk and preventing loss.

- Review audit results, evaluate the findings, lapses and weaknesses with a view to recommend improvements in the current operating practices and procedures. Communicate any finding of a serious nature to Board/ Audit committee to take immediate corrective action.

- Liasoning with Regulator-SEBI