Prudential - Deputy Manager - Internal Audit - Asset Management Audit

Job Title

Deputy Manager (Auditor) - Asset Management Audit (facing off to M&G)

Reports to

- Manager IA Mumbai for day to day management

- Senior Manager/Head - PGS GwIA (administrative)

- Principal Audit Manager - M&G for day to day management

Scope of Role

Business Area

Group-wide Internal Audit (GwIA)

Key departments/areas of responsibility

PGS GwIA

M&G GwIA

Job Dimensions :

Financial

To assist the Audit Director(s) and Principal Audit Managers in M&G and PGS in managing the department budget.

Non-Financial :

- Deliver Internal Audit reviews in the BU's across the group

- Support on functional project and initiatives

Overall Job Purpose :

To carry out Internal Audit engagements for M&G, PGS Mumbai and other parts of the group in support capacity under the supervision and guidance of BU Principal Audit Managers / Audit Managers/ Principal Auditors within GA.

Key Accountabilities and Responsibilities :

- To work under the direct supervision and guidance of the BU Principal Audit Managers, Audit Managers, and Principal Auditors to generally achieve the following mainly for PGS and for GWIA function:

- Internal audit

- Deliver IA reviews of consistently high quality.

Planning :

- Being able to properly assimilate the information provided by the Lead Auditor/ Audit Manager from the Planning phase of the audit and should be able to understand the process under review and related risks.

- The Auditor should be able to understand the business background of the area being audited; and their role in the audit assignment.

- It may be necessary from time to time, for the Auditor to assist the Lead Auditor and Audit Manager in conducting the planning phase of the audit.

- Document the key processes and associated controls being examined in the audit. This will involve the use of flowcharts where necessary.

- Make a significant contribution to preparation of the draft Terms of Reference

- Prepare the Audit Planning Memorandum

Fieldwork :

- The Auditor should assist the Lead Auditor/ Audit Manager in completing a control and risk assessment matrix following their documentation of the systems and processes being reviewed and preparation of a test programme.

- Create a Test Programme to check that the controls identified in the risk assessment exercise are operating effectively and guide the Auditor to test that the controls identified in the risk assessment exercise are operating effectively in accordance with the test programme

- The Auditor should test that the controls identified in the risk assessment exercise are operating effectively in accordance with the test programme.

- Address any review points raised by the Lead Auditor/ Audit Manager / Principal Audit Manager and QRA team. Ensure minimum review comments are raised by Audit Managers.

- Timely completion of the work papers.

Reporting and Closure :

- Support the lead auditor in drafting audit conclusions based on control and risk evaluation and associated testing.

- Practical recommendations for any remedial action should be made.

- Populate Teammate with planning, fieldwork, and reporting material

- Assist the Lead Auditor and Audit Manager in discussing and finalizing the findings and actions with the management responsible for the activities being audited.

- Ensure IA recommendations are complementary to the business strategy.

Issue Assurance and aspects :

- Document Issue Assurance work papers on Team Central and prepare relevant work papers as per GwIA standards

- Proactively track actions to closure and engage with business to obtain the relevant evidence to close the issue

- Promote GwIA and the service it provides by building strong and effective working relationships with a business colleague, other IA staff, and external auditors.

- Adhere to the various policies, procedures, guidelines, including timely completion of various activities such as mandatory CBTs, time sheets, expense statements, leave requests, etc.

- Work with minimum supervision

- Maintain domain expertise

This job will involve significant travel outside India.

Key Interfaces

- PGS Business Areas - audit planning, sharing best practice

- GwIA- Audit delivery across Business units - Key M&G

External Auditors

Competence / Knowledge / Skills required :

Qualification & Certifications :

- Chartered Accountancy/CPA/CIMA/MBA/CFA/Postgraduate qualification

- Certifications such as CISA, FRM, CIA would be beneficial

- At least 6+ years of work experience

- Good knowledge of COSO framework

Knowledge :

- Practical and theoretical knowledge of business risk and control frameworks

- Good knowledge of the principles of accounting and auditing and their application to the business Good knowledge of COSO framework

Skills :

- Ability to grasp issues and learn new concepts quickly

- Proficient with MS Office applications

- Ability to plan and deliver work assigned in an organized manner

- Take responsibility for own work and assigned areas

- Focussed on delivery and quality

- Work on identified development areas to improve further

- Integrity

- Proactive in managing own utilization

- Self-motivated

- Acts promptly to resolve stakeholder requests or problems

- Responds positively to changes within the team, structure, and process

- Problem / Issue Identification

- Inquisitive

- Logical and Structured thought process

- Good written and verbal communication skills

- Get point across clearly

- Creates accurate and clear emails and work papers covering simple areas

- Team player - Works co-operatively with others in own team to achieve team goals

- Flexes own style and approach to - fit in- with other colleagues in own area

- Articulates a point of view, persuasively and credibly

Stakeholder management skills :

- Acts promptly to resolve stakeholder requests or problems

- Allocates high priority to stakeholder satisfaction

- Anticipates stakeholder needs and requirements

- Establishes a good working relationship with immediate stakeholders

Attitude :

- Good team player

- High on integrity

- Demonstrates ethical behavior

- Orientation to timely delivery of work to a professional standard

- Pragmatic approach

- Willingness to travel extensively

- Commercial orientation