Assistant Manager Internal Audit

Overview

Job Description: 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.

Responsibilities

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.

Qualifications:

• Bachelors in Commerce with CA
• CA with 4-7 years of PQE. CIA/ CISA would have an added advantage.
• Proficient in MS Office tools, Analytical Software and basic functionalities of ERP.
• Have excellent written and verbal communication skills.
• Preferred background of a Big 4/ Reputed Consultancy/ Industry.
• Open to travel (20-30%).