Assistant Manager - Internal Audit - BFSI

Location : Mumbai

Experience : This role requires experience in Fund Audit (like auditing Mutual Fund, Asset Management companies, Trusts, Treasury etc)

Job Description :

Job Title : Internal Auditor

Reports to : Manager IA Mumbai for day to day management

Scope of Role :

Group wide : Internal Audit

Key departments / areas of responsibility :

IA - Group wide Internal Audit function

Job Dimensions :

Financial Non Financial

- Deliver Internal Audit reviews in the BU's across the group.

Overall Job Purpose :

- To carry out Internal Audit engagements for PPMS Mumbai and other parts of the group in support capacity under the supervision and guidance of BU Lead auditors/ Audit Managers within GwIA.

Key Accountabilities and Responsibilities :

To work under the direct supervision and guidance of the Director IA and Manager IA to generally achieve the following mainly for PPMS and for GWIA function:

Internal audit :

- Deliver IA reviews of consistently high quality.

Planning :

- Being able to properly assimilate the information provided by the Lead Auditor from the Planning phase of the audit.

- The Auditor should be able to understand the business background of the area being audited; and their role in the audit assignment.

- It may be necessary from time to time, for the Auditor to assist the Lead Auditor and Audit Manager in conducting the planning phase of the audit.

- Document the key processes and associated controls being examined in the audit. This will involve the use of flowcharts where necessary.

Fieldwork :

- The Auditor should assist the Lead Auditor in completing a control and risk assessment matrix following their documentation of the systems and processes being reviewed and preparation of a test programme.

- The Auditor should test that the controls identified in the risk assessment exercise are operating effectively in accordance with the test programme.

- Address any review points raised by the Lead Auditor/ Manager and QA team.

Reporting :

- Support the lead auditor in drafting audit conclusions based on control and risk evaluation and associated testing. Practical recommendations for any remedial action should be made.

- Populate Teammate with planning, fieldwork and reporting material

- Assist the Lead Auditor and Audit Manager in discussing and finalising the findings and actions with the management responsible for the activities being audited.

- Issue Assurance

- Document Issue Assurance workpapers on Team Central

- Promote GwIA and the service it provides by building strong and effective working relationships with business colleague, other IA staff and external auditors.

- Adhere to the various policies, procedures, guidelines, including timely completion of various activities such as mandatory CBTs, time sheets, expense statements, leave requests, etc.

- Work with minimum supervision

- Maintain domain expertise

This job will involve significant travel outside India.

Key Interfaces :

Internal/External :

- PPMS Business Areas audit planning, sharing best practice

- GwIA Audit delivery across Business units

Competence / Knowledge / Skills required

Qualification & Certifications :

- Chartered Accountancy/CPA/CIMA/MBA/CFA/Post graduate qualification

- Certifications such as CISA, FRM, CIA would be beneficial

- At least 3+ years of work experience

- Good knowledge of COSO framework

Technical qualifications and Certifications :

- Chartered Accountancy/CPA/CIMA/MBA/CFA/Post graduate qualification

- Certifications such as CISA, FRM, CIA would be beneficial

- At least 2+ years of work experience

Skills :

- Ability to grasp issues and learn new concepts quickly

- Proficient with MS Office applications

- Ability to plan and deliver work assigned in an organised manner

- Take responsibility for own work and assigned areas

- Focussed on delivery and quality

- Work on identified development areas to improve further

- Integrity

- Proactive in managing own utilisation

- Self-motivated

- Acts promptly to resolve stakeholder requests or problems

- Responds positively to changes within the team, structure and process

- Problem / Issue Identification

- Inquisitive

- Logical and Structured thought process

- Good written and verbal communication skills

- Get point across clearly

- Creates accurate and clear e mails and work papers covering simple areas

- Team player - Works co-operatively with others in own team to achieve team goals

- Flexes own style and approach to fit in with other colleagues in own area

- Articulates a point of view, persuasively and credibly

Attitude :

- Good team player

- High on integrity

- Demonstrates ethical behaviour

- Orientation to timely delivery of work to a professional standard

- Pragmatic approach

- Willingness to travel extensively

- Commercial orientation

Juhena Rodrigues
Sr.HR Consultant
Avenues Consulting