Manager - Internal Audit

Job Role / Responsibilities:

- Develop a comprehensive understanding of PhonePe's business, systems, and processes.

- Acquire in-depth process understanding for planned audits, including processes, systems involved, data flow, and datasets.

- Be able to evaluate financial, operational, technical, and compliance processes, identifying areas of risk and operational process improvement. Be able to validate them against requirements, policies and processes.

- Execute audits from risk assessment, audit planning & scoping to execution & reporting

- Prepare / review RCMs, process notes, flow charts, and other working papers.

- Drives and understand root cause of the observations and follow the 5 why approach for corrective action plans.

- Prepare comprehensive audit reports, ensuring clarity, accuracy, and adherence to internal reporting standards.

- Facilitate discussions with auditees on audit findings, ensuring a clear understanding of identified issues and recommendations, and report significant issues to senior management.

- Provide timely updates on audits to the Internal Audit head, holding regular meetings with auditees.

- Ensure the overall quality of audit reports and audit documentation based on methodology

- Plan resource and budget for audit and be able to lead the audit team

- Collaborate with cross-functional teams to implement corrective actions and enhance internal controls.

- Stay updated on industry regulations, best practices, and emerging trends.

- Work collaboratively in a fast-paced, multi-dimensional team to ensure timely completion of projects.

- Handle Internal Audit organizational activities, including budgeting, risk assessment, and external stakeholder management.

- Conduct periodic follow-ups with auditees to monitor the timely and effective implementation of management action plans.

- Drives planning, design, and implementation of audit analytics in projects. Understands existing datasets, DBs and good understanding of data quality and ability to test / validate accuracy, completeness, and usability of data.

- Collaborating with business partners and 2nd LOD functions to understand data architecture and help identify the most suitable source of data for audit purposes.

- Demonstrates good understanding of data governance processes, practices, policies, and guidelines.

- Execute Internal Audit fieldwork based on the acquired process and data understanding.

Essential Skills Qualifications:

- Min 7 years of post-qualification experience in internal audit and/ or audit analytics

- Experience in implementing Data driven audit methodologies and dashboards.

- Chartered Accountant or Bachelors in engineering in Computer Science, Math, Statistics or related discipline or Data Analytics related certifications

- Sound understanding of control environment, compliance, and risk frameworks.

- Excellent written and verbal communication skills.

- Strong problem solving and analytical skills.

- Be able to work in a fast-paced role with competing priorities. Adaptable to project requirements and does what is required to get the job done.

- Demonstrate ability for seamless execution, continuous improvement and problem solving.