Job Description

JOB DESCRIPTION

POSITION NAME

Chief Manager - Process Assurance and Risk Management

DESIGNATION

Chief Manager

POSITION GRADE

L5

DEPARTMENT

Process Assurance and Risk Management

SUB DEPARTMENT

Process Assurance and Risk Management

REPORTING POSITION

L7

DOTTED LINE REPORTING TO

-

NO. OF POSITIONS REPORTING IN

-

MANAGEMENT LEVEL

-

OBJECTIVE OF THE ROLE

The role will be responsible for conducting Internal audits which includes Financial Audit, Process Audit, Compliance Audit, Vendor Audit and Process design to provide management with assurance that necessary controls are in place to mitigate risks.

KEY RESPONSIBILITIES

Internal Audit:

\xc2\xb7 Conducting thematic audits as per the defined audit plan covering financial, compliance, reputational and operational impact areas

\xc2\xb7 Defining scope for audits allotted & ensure approach of audit is properly laid down and logistics appropriately planned

\xc2\xb7 Conducting detailed process and system walkthrough and field work to identify critical gap areas

\xc2\xb7 Use of data analytics & audit tool for driving completeness checks

\xc2\xb7 Timely discussion of audit queries with the auditee departments and preparation of audit reports

\xc2\xb7 To ensure all audit observations are mapped to process design or control execution improvements needed and tracked till end closure

\xc2\xb7 Co-ordination with co-sourced internal auditors and business teams to facilitate timely conduct and closure of reports

\xc2\xb7 Preparation and presentation of audit reports to Tier-I and Audit Committee

\xc2\xb7 Review of scheme and incentive payments to ensure correct payouts

\xc2\xb7 Review of various IRDAI/ statutory returns before filing

INTERACTIONS

Internal Relations:

Interacting with multiple internal stakeholders in the Company

External Relations:

Co-sourced auditors and vendors

REQUIRED QUALIFICATION AND SKILLS

Educational Qualifications:

CA with 3 years + of Internal Audit experience

Work Experience:

Experience in Internal Audit

Certifications:

Risk related certifications would be preferred

Other skill set:

\xc2\xb7 Excellent T-SQL, VB and advanced Excel skills to manipulate data, write macro\'s, etc.

\xc2\xb7 Ability to relate to business processes, system set-ups and carry out independent gap assessment

\xc2\xb7 Strong Analytical and problem solving aptitude

\xc2\xb7 Excellent communication skills - both verbal and written;

\xc2\xb7 Strong Interpersonal Skills required to connect with people

Kotak Mahindra Life Insurance