Assistant Vice President – Internal Audit – IFC Team – Bank – CA

Kairos Consulting India; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A prominent consulting firm in Mumbai is seeking a financial reporting risk assessment professional to conduct thorough risk assessments and manage IFC testing. The ideal candidate will have a CA or MBA in finance and must possess experience in internal audits or IFC testing. Key responsibilities include engaging with stakeholders, ensuring compliance with regulatory guidelines, and driving innovation through technology. This role provides the opportunity to work in a dynamic environment in Mumbai.

Qualifications

• CA/MBA (finance) is necessary.
• Experience in internal audits or IFC testing preferred.
• Knowledge of regulatory requirements and standards is required.

Responsibilities

• Conduct effective risk assessment for financial reporting.
• Plan and conduct IFC testing on financial processes.
• Ensure compliance with regulations and completion of testing.
• Engage effectively with stakeholders.

Skills

Risk assessment

Financial reporting

Regulatory compliance

Stakeholder engagement

Internal audits

Statutory audits

Innovation and automation

Education

CA or MBA in Finance

Job description

Key Responsibilities

• Conduct effective risk assessment and assessment of controls relating to financial reporting at the organization level
• Drawing up the plan for conducting the IFC testing post identification of the universe of processes / controls pertaining to financial reporting, developing clear and concise risk/control matrices and testing programs, and reporting
• Ensuring timely commencement / completion of IFC testing, adhering to given schedules, and ensuring adherence to regulatory guidelines and applicable standards.
• Keep abreast of the regulatory requirements, applicable standards, knowledge of the Bank/ industry / sector, latest developments / media news and the potential risks relating to financial reporting
• Driving Innovation and automation through effective use technology
• Ensure comprehensiveness and quality of testing to ensure mitigation of risks
• Ensure timely conclusion of the testing results including ongoing engagement with Key Stakeholders
• Effective engagement with internal / external stakeholder

Qualifications

• CA/MBA (finance)
• Experience in internal audits / statutory audits / IFC testing is preferred