Assistant Manager - Internal Audit, Mumbai

JobItUs; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

JobItUs is seeking a Business Audit team member based in Mumbai, India to execute high-quality internal audits of business functions. You will be responsible for delivering assurance over financial and operational controls, and for providing insights to senior management.

The ideal candidate should have at least 2+ years of experience and relevant internal audit certifications like CIA or CPA. You will engage with various stakeholders to enhance audit effectiveness and contribute to the risk management framework.

Qualifications

• Minimum 2+ years of relevant experience.
• Strong understanding of business governance and regulations.
• Team player and effective communicator.

Responsibilities

• Execute comprehensive risk-based audits.
• Support the Audit Team Lead in planning.
• Manage audit delivery within budget.

Skills

Understanding of business governance

Risk management

Internal controls

Effective communication

Structured problem-solving

Education

Internal audit certifications (CIA, CPA)

CA

Tools

ERP environments (SAP/Oracle)

Data analysis tools

Job description

Job Purpose

The Business Audit – Team member is responsible for independently executing high‑quality internal audits of the business and enterprise functions, providing objective assurance to senior management and the Audit Committee on the effectiveness of internal controls, governance, and risk management frameworks.

Key responsibilities include:

• Delivering assurance over key financial, operational, compliance, and technology risks.
• Providing value through control improvements, cost optimisation, and prevention of revenue leakage or losses.
• Maintaining detailed documentation per Global Internal Audit Standards and local laws, performing root‑cause analysis, and ensuring implementation of actionable recommendations.
• Drafting Risk Control Matrices, process flows, narratives, and evidence of control testing.
• Identifying red flags and contributing to high‑quality audit reports and senior‑management presentations.

Job Context

The role independently executes the risk‑based audit plan, develops audit scope, and defines audit objectives. It makes a measurable impact by providing assurance, identifying key risks and control gaps, delivering cost savings, preventing revenue leakage, and reducing loss exposure.

Role Expectations

• Deliver high‑impact audits in a fast‑changing global environment.
• Identify emerging regulatory, governance, and technology changes and update the risk assessment framework.
• Execute agile audits, perform control testing, gather business knowledge, and update the audit plan.
• Conduct detailed walkthroughs, process mapping, and risk‑control matrices.
• Assess effectiveness of governance, risk management, and internal controls across key processes.
• Draft observations, risk ratings, and supporting annexures for audit reports and presentations.
• Use data analytics, automation, and AI to enhance audit effectiveness.
• Provide assurance and insights to business stakeholders.
• Demonstrate a learning and growth mindset, self‑motivation, and support complex audits.

Principal Accountabilities

• Execute comprehensive risk‑based audits to provide assurance of existing processes and internal controls.
• Support the Audit Team Lead in developing the risk‑based internal audit plan aligned with enterprise risk priorities.
• Define audit scopes for assigned areas and conduct process walkthroughs, control design reviews, and operating‑effectiveness testing.
• Prepare and maintain high‑quality workpapers per internal audit standards.
• Visit audit locations (plants, project sites) to conduct field work, understand business processes, and manage audit logistics.
• Coordinate and monitor external auditors conducting internal audit reviews.
• Manage audit delivery within the internal audit function budget.

Value Creation & Measurable Impact

• Track audit timelines, manage fieldwork logistics, and deliver timely results.
• Identify opportunities for process standardisation, automation, and strengthening the internal control environment.
• Provide recommendations to mitigate risks and ensure implementation of audit recommendations.
• Support the Audit Team Lead on assignments from the Audit Head.

Candidate Profile

• Minimum 2+ years of relevant experience.
• CA; Internal audit certifications such as CIA and CPA are advantageous.

Desired Profile

• Strong understanding of business, governance, risk, internal controls, audit standards, accounting standards, and regulations.
• Proven ability to handle day‑to‑day problems and create new approaches while auditing.
• Team player supporting the audit head in completing assignments.
• Highly ethical, value‑driven, and capable of influencing senior leadership.
• Working knowledge of ERP environments (SAP/Oracle) and data analysis tools.
• Effective communication skills, both written and verbal.
• Structured problem‑solving ability.
• Support the audit head to ensure successful execution of the audit plan.
• Executive presence to engage the audit committee and senior management.
• Ability to influence senior management without being authoritative or confrontational.
• Demonstrate independence, integrity, assertiveness, and the ability to speak up.
• Professional judgment and a curious, forward‑looking learning mindset.
• Uphold independence, ethics, and confidentiality.