Internal Auditor - NBFC

Looking for an Internal Auditor for a Leading NBFC

Location: Mumbai

Experience: 2+ Years

- Having an experience in Retail Asset department

Job Responsibilities:

Planning:

- Ensure identification and collation of key data points and parameters for Providing Key inputs on risk pertaining to the functional lines for development Audit Plan and timing / scoping of audits.

- Ongoing monitoring of engagement level budgets

- Update/ upgrade existing audit methodologies/ test plans and documentation standards. Design Audit analytics.

- Finalize detailed scope and checklist to be used on individual assignments

Execution:

- Evaluate the adequacy of internal control designed to achieve the business objective at business / functional level. Identify design weaknesses and any non-compliance for reporting as discussion points with auditee.

- Assist in selection of appropriate co-sourced firm for the assignment.

- Enhancement of Internal Audit working standards

- Management and quality of the deliverables of co-sourced firms for the audit assignment.

- Work closely for finalization of Audit findings, contribute actively to framing of Audit Report and Recommendations and be an active member during de-briefings with auditee.

- Review final working papers to ensure completeness of tests performed and effective identification of areas of weaknesses

- Design testing plans to validate effective closure of management action plans

- Finalize draft observations sheet.

- Ensure draft audit reports effectively reflects audit findings, risk and identifies relevant recommendation for mitigation

Communication:

- Finalize observations with departmental heads/ auditee

- Review and finalize management responses and management action plan to ensure adequate risk mitigation.

- Monitoring of timely follow-up on implementation of management action plan and identify escalations for potential delays in implementation.

- Ongoing communication with the co-sourced firms on progress and quality of audits.

- Providing regular updates on status of audit progress and budgets to the next level.

- Support for Internal Audit Committee and other functional reporting presentations for sections within his perimeter.