Internal Audit Role - BFSI

Internal Audit BFSI

Job Role & Responsibilities :

- Person will be responsible for executing internal audit activities.

- Person will play a crucial role in ensuring compliance with regulations, identifying operational inefficiencies, and enhancing internal controls.

- This position requires diligence and the ability to communicate effectively with various stakeholders.

Conduct Internal Audits :

- Lead and execute internal audit engagements.

- Perform detailed testing procedures to assess the reliability and integrity of financial information, operational processes, and systems.

- Identify areas of improvement and provide practical recommendations to enhance controls and mitigate risks.

Manage Audit Team :

- Supervise a team of assistants, providing guidance, training, and support as needed.

- Review audit workpapers and ensure adherence to professional standards and audit methodologies.

- Foster a collaborative and high-performance culture within the audit team.

Communicate Findings :

- Prepare clear and concise audit reports highlighting key findings, recommendations, and management responses.

- Present audit results to senior management and the Audit Committee, addressing any concerns and providing insights for decision-making.

Monitor Remediation Activities :

- Track the implementation of audit recommendations and verify the effectiveness of remediation efforts.

- Follow up with management to ensure timely resolution of identified issues and deficiencies.

Stay Abreast of Regulatory Changes :

- Monitor developments in relevant laws, regulations, and industry standards affecting the organization.

- Provide guidance to management on compliance requirements and emerging risks.

Functional Skills :

- Excellent analytical skills and diligence, with the ability to identify patterns, trends, and anomalies.

- Effective communication and interpersonal skills, with the ability to interact confidently with all levels of the organization.

- Proficiency in Microsoft Office applications.

- Ability to adapt to changing priorities and work independently in a fast-paced environment.

Additional Requirements :

- Proven experience (more than 2 years) in internal auditing, preferably in a managerial role.

- Person from Mid - Size Audit Firm is preferred.