Executive - Internal Audit - BFSI

Job Designation: Internal Audit Executive

Industry : Banking and Financial Services (BFSI); Education; Social Enterprises

Location : Bangalore

Reporting to : Internal Audit Manager

Travel Quotient : 60% (outstation)

Job Description :

- Assist the Internal Audit Manager in developing the audit programme, and assist in the day to day execution of internal audits within and outside the head office;

- Conduct internal audit of various branch offices and perform school inspections as per the audit programme and collect, collate and present the audit documentation to the Internal Audit Manager.

- Contribute to the Internal Audit(IA) function by identifying risks associated with business objectives and by preparing comprehensive audit checklists for various areas covered under internal audit.

Specific Responsibilities :

Planning :

- Assists the Manager, Internal Audit in the development of the audit program. Estimate the audit universe and the effort involved for each of the areas selected for audit.

- Participate along with the Internal Audit Manager in the opening meetings with the auditee and develop audit checklists for each of the processes / areas based on the inputs of the auditee.

- Develop a thorough understanding of business processes in scope for assigned audits and document the processes in flowcharts and/or process narratives.

Fieldwork :

- Develop various test plans by selecting appropriate audit approach,test procedures and sampling criteria based on professional judgment and audit methodology of the department.

- Regularly visit branch offices and schools to conduct various types of audits and inspections.

- Perform audit tests of various functional areas in accordance with the approved audit checklist and prepare working papers.

- Evaluate the adequacy of process design and the effectiveness of controls in meeting branch level business and control objectives and provide evidential support for findings.

- Organize and reference working papers for review by Internal Audit Manager.

Reporting :

- Participate in closing meetings with school correspondents and branch managers at the end of fieldwork, providing clear explanations for identified issues.

- Prepare discussion drafts for the audit reports which clearly bring out the findings and recommendations of audits and submit these drafts to the Internal Audit Manager in a timely manner.

Other Responsibilities :

- Supports the Manager, Internal Audit in the development and implementation of the evolving IA methodology at the field / transaction level.

- Provide consultative support to branches and departments with regard to the adequate design and execution of risk management processes.

- Develops and maintains effective and professional working relationships with all levels of staff within the organization, including Internal Audit Manager and Internal Audit Head.

Preferred Profile :

Knowledge and Experience :

- Has completed Intermediate Level of any professional course (CA / CWA / CMA) or is a Bachelor of Commerce (BCOM) from a reputed institution.

- Professional course candidate who has completed Articleship / Internship Training from a reputed firm. BCOM candidate should have 2 to 3 years of audit experience (in the Financial Services Industry preferred).

- Working knowledge of professional Internal Auditing Standards regarding planning, testing, sampling and documentation.

- Current knowledge of tax legislations and labor laws (Service Tax, TDS, PF, PT etc.) would be an added advantage.

- Well-developed skills through formal training in Tally ERP 9 & MS Office (building macros preferred).

Skills and Attributes :

- Diligent, methodical and has a logical approach to identifying and evaluating issues.

- Strong analytical & multi-tasking capability and can work independently with minimum supervision.

- Good interpersonal and reporting skills with a proven ability to communicate effectively (both written and verbal).

- Enjoys travelling and is multi-linguistic.

Organizational Competencies :

- Unquestioned personal integrity with strong ethics and values consistent with company's culture. Displays awareness of the need for confidentially in sensitive matters.

- Building partnerships with co-workers within a team oriented environment and willing to learn and apply coaching in the quest to achieve organizational goals.

- Demonstrates the desire to continually grow, learn and develop skills and knowledge through external and internal education, training and cross-training opportunities.