Prudential - Principal Auditor

To work under the direct supervision and guidance of the BU Principal Audit Managers and Audit Manager to generally achieve the following mainly for PPMS and for GWIA function:

Internal audit :

- Deliver IA reviews of consistently high quality within defined time and budget.

Planning :

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

- The lead auditor should also 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 Lead Auditor to assist the Principal Audit Manager and Audit Manager in conducting the planning phase of the audit.

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

- Prepare the Audit Planning Memorandum

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

Fieldwork

- The Lead Auditor should be able to identify key risks and controls, complete a control and risk assessment matrix and walkthrough following their documentation of the systems and processes being reviewed.

- 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

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

- Provide guidance and assistance to auditors

- Timely review of the work papers prepared by the auditor

Reporting and Closure :

- Draft audit conclusions based on control and risk evaluation and associated testing. Practical recommendations for any remedial action should be made.

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

- Populate Teammate with planning, fieldwork and reporting material in a timely manner

- Ensure IA recommendations are complementary to the business strategy.

Issue Assurance and aspects :

- Document Issue Assurance workpapers on Team Central

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

- Prepare relevant work papers as per GwIA standards

- Promote GwIA and the service it provides by building strong and effective working relationships with 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.