Job Description

JOB DESCRIPTION

POSITION NAME

Lead - Internal Audit Department

DESIGNATION

Deputy Vice President

POSITION GRADE

L7

DEPARTMENT

Internal Audit Department

WORK LOCATION

Goregaon (East), Mumbai

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:

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

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

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

Use of data analytics & audit tool for driving completeness checks

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

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

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

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

Review of scheme and incentive payments to ensure correct payouts

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 8 years + experience

Work Experience:

Experience in Internal Audit

Certifications:

Risk related certifications would be preferred

Other skill set:

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

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

Strong Analytical and problem solving aptitude

Excellent communication skills - both verbal and written;

Strong Interpersonal Skills required to connect with people

Experience in leading team