Senior Executive - Internal Audit

Job Purpose

The job holder will be responsible for executing scheduled internal audits/ special projects across Group entities under the supervision of Senior Manager/ Manager - Internal Audit. Assignments should be executed in line with Annual Audit Plan to assess the design/ operational effectiveness of controls, safeguarding of assets, compliances, and efficiency of operations.

Job Description

Audit Assignment Planning:
- Prepare audit work program for areas being audited based on process discussions with auditees and previous audits being undertaken.
- Audit work program should ensure adequate coverage for establishing:
- Effectiveness of internal controls so that processes operate with operational and financial integrity,
- Identification of improvement areas to enhance, simplify, automate controls as well as improve process efficiency,
- Ensure safeguarding of assets and achievement of organizational objectives and
- Compliance with laws and regulations.
- Incorporate new methods, techniques, and tools in planning (as well as executing) audits.

Audit Execution & Reporting:
- Executive audit assignments independently or along with team under the supervision of Seniors. Ensure timely and appropriate execution of audit while ensuring,
- Adequate coverage of transactions (sampling as well as data analytics),
- Deploying accepted tools and techniques to make audit process efficient and
- Keeping in context materiality as well weaknesses observed in the process.
- Highlight potential risks and quantify either value at stake or improvement potential wherever applicable.
- Come up with recommendations that are value adding, practical and improve on current operations.
- Write concise, clear reports with facts and explanations that are suitable for senior management while at the same time are very actionable.
- Maintain audit standards, working papers and overall, a highly professional approach.
- Follow-up and track implementation of the recommendations provided when they become due.

Audit Integrity & Standards:
- Ensure confidentiality.
- Ensure adherence to the internal audit department's SoPs and Policies for self and reportees.
- Ensure compliance with the Internal Auditing Standards issued by IIA.

Other

- Ensure appropriate Audit technology tools are used to provide the highest level of assurance in an efficient manner.
- Advise in decision making, framing of policies, cost rationalization by providing an independent analysis.
- Occasionally also take up business improvement projects as guided by Head of Department.
- Monitor international developments, emerging trends and best practices in internal auditing and implement them, as applicable.

Knowledge, Skills & Experience

Job Experience:
- Fresher (CA, CIA). Experience of 1-2 years in internal audit or risk management would be added advantage. Preferred background of a Big 4/ Reputed Consultancy/ Industry.

Required Leadership Skills:
- Independent handling of audit, effective engagement with process owners, closing discussion with process owners and report preparation.