Internal Audit Plan
- Conduct technology focused audits independently. o Ensure timely completion of audits based on annual audit
- plan and adhoc reviews with adequate risk coverage.
- Understand systems and processes to identify risks.
- Control design adequacy and operating effectiveness
- assessment as per standard process
- Report audit findings to stakeholders and agree on action plans.
- Monitoring and tracking closure of open audit observations
- Help stakeholders with recommendations to mitigate risks / issues identified
- Maintain audit documentation as per established processes.
- Contribute to the continuous improvement of Internal Audit and control processes
Stakeholder Management :
- Collaborate with the teams / stakeholders for better understanding of the business and smooth execution of audit deliverables
- Coordination with Enterprise Risk Management team (2nd line of defense)
Measures of Success
- Ensure quality and effective reporting of observations.
- Results of other external audits consistent with the Internal Audit work with minimum material differences
- Provide specific and practical recommendation for effective closure of the issues and mitigation of risks.
- 100% adherence to 'Audit Plan' for the Internal Audits assigned as per timelines and defined process in IA manual.
- Monthly monitoring & escalation of past due items and adherence to follow-up process timelines.
- Provide timely update and contribute towards Quarterly Audit Committee and Management Risk Committee.
Key Relationships (Internal /External)
Internal
Key competencies/skills required
- Proven ability to collaborate broadly with flexible, positive attitude and ability to get results
- Exceptional oral and written communication skills; ability to communicate to the senior executive level
- In -depth knowledge of IT audit principles and internal controls
- Relevant experience in financial services/insurance sector is desirable
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