Senior Manager/Lead - Internal Audit - CA

Location: Mumbai

Job Title: Internal Audit - Senior Manager / Lead

Job Purpose:

- This role is responsible for supporting the Head of Internal Audit in conducting the Annual Risk Assessment, preparing the Annual Audit Plan, planning and executing internal audits, overseeing review and timely audit closures, managing departmental reporting, and monitoring issue closure.

- The position also involves coordinating with co-sourced vendors for timely delivery of planned audits and managing a team of auditors by providing guidance, mentorship, and performance oversight.

Key Responsibilities:

- Contribute to the Annual Risk Assessment and help develop a comprehensive, risk-based Audit Plan covering all critical processes.

- Lead and execute internal audit engagements, including defining audit scope, planning the audit approach, and ensuring smooth execution.

- Conduct detailed, independent audits involving internal control evaluation, process design review, control testing, data analytics, and regulatory compliance checks to identify critical risks and gaps.

- Prepare clear and comprehensive audit reports with findings, recommendations, and actionable plans; present and discuss these with Senior Management and key stakeholders.

- Prepare reports and presentations for the Audit Committee and Senior Management.

- Collaborate with co-sourced vendors/auditors to ensure consistent adherence to audit methodology and timely completion of high-quality audit reports.

- Monitor open issues for timely closure, validate closed issues, and maintain minimal overdue audit points.

- Manage stakeholder relationships proactively, ensuring effective communication and conflict resolution with senior management and process owners.

- Ensure adherence to Group Audit Methodology, best practices, and quality standards throughout audit execution.

- Support accurate and timely internal and group reporting; participate in internal improvement and transformation initiatives.

- Work closely with the Head of Internal Audit to ensure timely completion of departmental deliverables.

- Supervise, mentor, and develop team members to maintain a high-performing audit function; ensure training and development plans are implemented as required.

Job Requirements:

- Qualified Chartered Accountant (CA)

- Bachelor's degree, preferably in Accounting, Finance, or Information Systems

Experience:

- 10+ years of experience as an Internal Auditor

- Proven experience in program and project management

Functional & Behavioral Skills:

- Strong understanding of risk management, internal controls, and auditing standards

- Knowledge of BFSI processes

- Excellent communication, presentation, and documentation skills

- Strong analytical mindset and attention to detail

- Ability to collaborate and work effectively across functions

Desired:

- Knowledge of the Life Insurance industry