Job Description

1. To create an effective Risk-Based Internal Audit (RBIA) framework and provide assurance to the Board of Directors and the Senior Management on the quality and effectiveness of the organization\'s internal controls, risk management and governance related systems and processes.

2. To assess and contribute to the overall improvement of the organization\'s governance, risk management, and control processes using a systematic and disciplined approach.

3. To outline the scope of the Internal audit and work in accordance with that with the cross functional departments

4. To ensure that the basis for determination of the level (high, medium, low) and trend (increasing, stable, decreasing) of inherent business risks and control risks should be clearly spelt out.

5. To devise a framework/approach/ system to monitor compliance to the observations made during internal audits

6. Assist in the preparation of reports to the Board and Regulators on IA activities and effectiveness of internal controls

7. Support in the drafting of audit reports including writing clear and concise findings and recommendations and negotiating issue finalization with senior management

8. Complete ad hoc projects which may occur in business requirements

9. Partake in the assessment of potential findings and the formulation of solutions to issues around internal controls

10.Doing Internal quality audit within all the departments & hub offices.

11.Designing and rolling out reporting formats approved by the senior management of the company and Systematic planning and work allocation to a team member.

12.Monitoring and Review of Audit Reports prepared by internal audit officers.

13.Lead role in publishing financial and non-financial related transaction audit reports to the top management on a monthly and annual basis.

14.Preparing reports to highlight issues and problems and distributing the reports to the relevant people. Coordinating with an external internal auditor.

15.Proactively identify the Fraud risk factors and suggest process enhancements & adequate control mechanisms.

16.Ensure investigation on all fraud cases to identify the root- cause & bringing the cases to logical conclusion. Ensure the quality across the process and to analyze - & identify the integrity levels of the sales channel.

17.To monitor the process flow and to provide periodic- training to sales officers.

18. Maintaining a strict control on all processes through audits, surprise checks and corrective action to ensure that they comply with the minimum standards & procedures.

Skills Required:

1. 8 years + Internal Audit / External Audit experience

2. Experience in Retail lending space and specifically in Internal Audit

3. Stakeholder Management

4. Experienced in Risk-Based Internal Audit (RBIA) framework creation

5. Willing to work in Jaipur

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