Internal Audit - BFSI

- Leads activities relating to an audit, audit project, or credit risk review for assigned entities.

- The project leader may manage others, but will normally be personally involved in aspects of the day-to-day work and detailed data delivery as well.

- As project leader, the individual is responsible for ensuring testing (or other task is applicable to a specialty) is adequately thorough and accurate to allow an evaluation of the adherence to company policies and procedures and all applicable regulations. Leads testing of financial, operational and other processes as per Audit or Credit Risk Review policies, methodologies, and standards.

- Able to identify meaningful issues and track fieldwork and emerging issues to completion. Completes tasks efficiently (on time, on budget, accurately).

- Learns new businesses, processes and regulations effectively and quickly. Communicates well with clients and Audit team members; able to interact effectively with senior managers and to manage Audit team members.

- Engages in relevant training regarding audit, businesses, financial controls, regulations. Manages people on discrete projects on a consistent basis with little oversight.

- The people will change from project to project, Projects may be of various levels of complexity but are likely to involve significant learning (regulatory regime, business model, processes) on each new assignment.

- Must be able to think beyond past routines about new issues or risks since the last audit took place.

- Must be able to query business clients and colleagues in Audit to understand the underlying processes and procedures so as to evaluate the control risks.

- Must be able to perform research independently and have adequate knowledge of statistical sampling and risk analysis to perform research with technical accuracy. Specialists (Credit Risk, IT Audit, programming, Professional Practices, etc) may have different specific requirements but all roles involve management and problem solving with little day-to-day oversight.

- Learns business strategies, processes and regulations effectively and quickly and is alert to the changing nature of risk.

- Demonstrates these skills through, for example, thoughtful analysis of business processes, risk assessment, and issue identification/ communication, as well as effective risk identification in audits and other projects.

- The individual works closely with an Audit manager and other Audit associates on each project. Additionally the individual would work closely with clients and must be able to explain the audit process (if appropriate) and any findings or results.

- The project leader must also be able to communicate with direct and indirect clients in writing (audit report).