Assistant Manager – Internal Audits, Compliance and Risk

r3 Consultant; Mumbai; On-site; INR 900,000 - 1,200,000; Full time

Job summary

A leading consulting firm in Mumbai is seeking an Assistant Manager to oversee internal audits and risk management. The ideal candidate will assist in end-to-end audit engagement activities while ensuring compliance with regulatory standards. A professional certification like CA or MBA is required, along with at least 5 years of relevant experience. The role demands strong analytical skills, attention to detail, and proficiency in Excel. This position offers opportunities for professional growth in a dynamic environment.

Qualifications

• Minimum 5 years of total experience, with at least 2–4 years in Internal Audit & Risk Management.
• Professional certification: CA / MBA / CPA / CIA is required.
• Deep knowledge of India and UK financial reporting, accounting, and taxation standards.

Responsibilities

• Assist in the preparation of the annual audit plan by gathering inputs.
• Conduct process audits, compliance audits, and information security audits.
• Review audit reports for accuracy and discuss with the Senior Manager.

Skills

Regulations and compliance practices in finance and BPO industries

Strong analytical and decision-making skills

Excellent interpersonal and report writing skills

Attention to detail

Education

Professional certification: CA / MBA / CPA / CIA

Graduate/Postgraduate in Accounting, Finance, or a related field

Tools

MS Office, especially Excel

Job description

Business Efficiency & Risk Management

Job Description

Position: Assistant Manager – Internal Audits, Compliance and Risk

Department: Internal Audits, Compliance and Risk

Location: Mumbai

Reports To: Sr. Manager – Internal Audits & Compliance (UK Division)

Span of Control: Nil

Job Purpose

The role of Assistant Manager – Internal Audits, Compliance and Risk is to assist the Audit Senior Manager in end-to-end audit engagement activities covering financial and non-financial operations, systems, and processes at the contact centre. The purpose is to ensure compliance with auditing standards while strengthening the organization’s risk management, control, and governance processes.

Principal Accountabilities

I. Audit Engagement Activities

Audit Assignments (Planning)

• Assist in the preparation of the annual audit plan by gathering inputs from stakeholders.
• Ensure the audit plan meets Audit Committee expectations and focuses on high-risk areas.
• Plan audit testing strategies and estimate completion timelines with the Senior Manager.
  
  

Implementing Audit Activities

• Conduct spot checks to verify that policies and procedures are implemented in spirit.
• Conduct process audits, compliance audits, and information security audits per the audit calendar.
• Prepare Standard Operating Procedures (SOPs) for business processes like payroll, operations, etc.
• Execute efficient audits within budget and timeline as per defined methodology.
• Document procedures and prepare key concerns for inclusion in audit reports.
  
  

Evaluating Audit Activities

• Validate audit conclusions with auditees to ensure factual accuracy.
• Review audit work papers with the Senior Manager for compliance and quality.
• Draft audit reports, gather team feedback, and submit for final approval.
• Maintain an incident tracker and conduct root cause analysis to close issues in time.
  
  

Communication & Reporting

• Review audit reports for accuracy and clarity, and discuss with the Audit Senior Manager.
• Conduct MSA reviews and present final reports to senior management.
• Communicate regulatory requirements and ensure compliance with Indian and UK standards.
• Escalate high-risk findings with recommended mitigation strategies.
• Supervise the implementation of corrective actions post-audit.
  
  

II. Business Efficiency & Risk Management

Risk Assessment

• Identify key risk areas through process mapping and feedback from auditees.
• Review and update the Risk Framework and Risk Register using CRSA methodology.
• Prepare for external audits and ensure clean reports by assessing control environments.
• Prepare the Risk Control Matrix (RCM) and propose efficiency improvements.
• Facilitate annual risk assessments, identify financial/legal risks, and recommend controls.
• Discuss action plans and timelines with management for risk mitigation.
  
  

Core Skills

Knowledge, Skills & Competencies

• Deep understanding of regulations and compliance practices in finance and BPO industries.
• Knowledge of Companies Act, Income Tax Act, Accounting Standards, and Audit Practices.
• Maintain awareness of current audit practices and apply best practices company-wide.
  
  

Customer Focus

• Prioritize internal and external stakeholder expectations.
• Ensure all promises and deliverables to stakeholders are met.
  
  

Functional Competencies

• Strong analytical and decision-making skills to interpret audit findings accurately.
• Ability to create structured audit plans and communicate findings clearly.
• Experience in sourcing and engaging external vendors for audit technology solutions.
  
  

Communication & Influence

• Present audit findings effectively across all levels of the organization.
• Act as a change leader, gain buy-in from stakeholders, and implement improvements.
• Facilitate cross-functional collaboration for root cause analysis and resolution.
  
  

Assertiveness

• Lead discussions on implementing strict audit controls with stakeholder buy-in.
  
  

Other Required Skills

• Self-motivated and confident.
• Attention to detail and deadline-driven.
• Strong math, analysis, and problem-solving skills.
• Ability to work under pressure, independently, or as part of a team.
• Proficient in MS Office, especially Excel.
• Excellent interpersonal, presentation, and report writing skills.
  
  

Education & Experience

Education

• Professional certification: CA / MBA / CPA / CIA (required).
• Graduate/Postgraduate in Accounting, Finance, or a related field.
  
  

Experience

• Minimum 5 years of total experience, with at least 2–4 years in Internal Audit & Risk Management.
• Experience in financial services or business development preferred.
• Deep knowledge of India and UK financial reporting, accounting, and taxation standards.
  
  

Other

• Working knowledge of GAAS / GAAP / IFRS (India & UK).
• Experience with MS Office tools, especially spreadsheets.
• Knowledge of UK Telecom regulations (OFCOM) preferred.
• Strong presentation skills.