Project Manager - Internal Audit

Project Manager - Internal Audit

Job Description:

Highlight of the engagement opportunity:

- Nature of role: Full time

- Areas of experience preferred: Risk based internal audit, risk-based process reviews, continuous audit and monitoring, audit analytics, Internal audit set up and transformation, audit calendar development, audit scope preparation, audit work programs, audit delivery and report preparation, including presentation to Audit Committees (Industry / Consulting) experience, BFSI experience.

- Educational qualification expected: CA, ACCA, MBA, any other relevant master's program.

- Additional qualifications/ certifications required: NA.

- Preferable additional certifications: Project Management, IA certifications

- Preferred geography of previous work experience: India, Middle East, APAC

- Language requirements: Ability to write and speak fluently in English.

- Application experience: Exposure to Audit tools such as MetricStream, SAP Audit, etc. is beneficial.

Key responsibility areas:

- Lead and manage independent projects across the entire Internal Audit lifecycle for financial institutions, i.e. audit planning, scope definition, development of audit work program, preparation of audit checklists as per client processes and regulatory requirements, leading the team for audit execution and delivery, audit report preparation, and presenting the findings to the Audit Committee.

- Preparation of the Audit scope and approach for the assigned audit area

- Identification and mapping of all relevant risks and expected control framework in Risk and Control Matrix (RACM) or the Audit Work program in relation to the audit scope.

- Preparation of detailed project plan for timely delivery of the Audit Work program

- Ensuring collection of all required information by proactive engagement with process owners

- Performing detailed review and evaluation of all risks and control gaps, determination of root cause and assessment of the impact.

- Assessment of key risks and audit focus areas, ability to identify & evaluate significant audit findings.

- Identify changes to the risk profile and consider its impact on the assurance map for audit rating.

- Documentation and recording of requisite test scripts and supporting evidence.

- Preparation of audit reports and recommending effective controls or mitigating options

- Proactive engagements with the client's process owners and audit department to ensure timely completion and finalization of audit reports.

- Provide regular updates on audit plan execution and audit quality reviews.

- Identify and emphasize on findings that warrant discussions with Audit Committees

- Demonstrating value provided to the client by way of developing and presenting audit dashboards and audit analytics on key audit findings.

- Ability to seek and engage with the client on providing roadmap for closure of audit issues, thereby creating a continuous pipeline of engagement with the client as a result of the audits undertaken.

- The truly global scope of internal audit means that this role will involve working with an incredibly broad group of stakeholders from every part of the firm, have a thorough understanding of business risks, ability to grasp the changing organizational priorities and translate it into an assurance plan, and ability to communicate and present well, i.e. report writing skills and presentations.

- Problem-solving skills i.e., conceptual, and analytical thinking

- Knowledge in auditing, internal audit standards, fraud awareness, and professional ethical standards.

- Responsible for preparation of proposals, pitch decks, presenting in client meetings and thought leadership documents for across key emerging IA areas such as IA transformation, Continuous Audit monitoring, etc.

- Lead and be responsible for team building, mentoring and project management.

- Stakeholder management in a project along with project management

- Excellent MS-Excel, Word and PPT skills.

Selection process:

We seek to be transparent during the selection process. While the actual process may vary from the process indicated below, the key steps involved are as follows:

Interview:

- There are expected to be at least two rounds of interviews.

- The number of interview rounds may increase depending on the criticality and seniority of the role involved.

Final discussion on career and compensation:

- Post final selection, a separate discussion will be set up to discuss compensation and career growth.

- You are encouraged to seek any clarifications you have during this discussion.

Preparation required:

It is recommended that you prepare on the following aspects before the selection process:

- Understanding of the key functions and processes for the financial services industry.

- Awareness of globally accepted Internal Audit standards such as the IIA standards on IA & Controls

- Good understanding of the local Regulatory requirements for FIs across banking, insurance and NBFCs issued by the respective Regulators such as RBI, IRDA, & SEBI on Risk based Internal Audits

- Additional understanding of the Regulatory requirements for Middle East and APAC geographies will be an added advantage.

- Exposure to Audit tools such as MetricStream, SAP Audit, etc. will be beneficial