AVP Risk & Assurance

Intellectual Capital HR Consulting Pvt. Ltd.; Pune District; On-site; INR 3,500,000 - 5,500,000; Full time

Job summary

Intellectual Capital HR Consulting Pvt. Ltd. seeks an experienced Associate Vice President – Assurance to strengthen Internal Audit and Assurance functions across entities. The role focuses on controls, governance, risk management and regulatory compliance while providing advisory inputs to senior management.

The position collaborates with IA leadership and senior stakeholders to assess effectiveness, identify risks, and drive best practices in audit methodologies and implementation.

Qualifications

• CA is mandatory and post-qualification experience of 12+ years is required.
• Experience in Internal Audit, Risk, Assurance or related functions is essential.
• Experience in BFSI / Financial Services is mandatory.
• Strong knowledge of internal audit frameworks and regulatory requirements.
• Excellent stakeholder management and project management capabilities.

Responsibilities

• Provide independent advisory and assessment support on Internal Audit and Assurance matters.
• Review Internal Audit reports and discuss significant findings with stakeholders.
• Strengthen internal controls, governance, risk management and compliance frameworks.
• Lead strategic assurance projects and advisory initiatives across multiple entities.
• Manage stakeholder expectations and drive timely remediation and reporting.

Skills

Stakeholder management

Leadership

Analytical thinking

Education

Chartered Accountant (CA)

Job description

Experience: 12+ years post-qualification

Qualification: Chartered Accountant (CA)

Role Overview

We are seeking an experienced Associate Vice President – Assurance to strengthen the effectiveness of Internal Audit and Assurance functions across business entities. The role will focus on enhancing internal controls, governance, risk management and regulatory compliance while providing independent advisory inputs to senior management.

The position will work closely with Internal Audit leadership and senior stakeholders to assess audit effectiveness, identify emerging risks, strengthen audit methodologies and drive implementation of best practices.

Key Responsibilities

Internal Audit & Assurance

• Provide independent advisory and assessment support on Internal Audit and Assurance matters.
• Review Internal Audit reports at various stages and discuss significant findings with relevant stakeholders.
• Follow up on resolution of critical audit observations and assess whether appropriate root‑cause remediation has been undertaken.
• Evaluate the effectiveness and maturity of Internal Audit functions and recommend improvements.
• Review Internal Audit scope and coverage to ensure adequate focus on high‑risk, material and emerging risk areas.
• Assess audit methodologies, audit frequency and overall effectiveness of audit execution.
• Review audit reports to ensure they clearly articulate issues, root causes, potential impact, risks and actionable recommendations.
• Ensure Internal Audits are conducted in accordance with applicable standards, recognized audit methodologies and sound professional judgment.
• Provide guidance on thematic and horizontal audits covering key focus areas and emerging risks.
• Support continuous enhancement of Internal Audit methodologies, frameworks, tools and templates.

Risk, Governance & Compliance

• Advise on appropriate implementation of Accounting Standards and compliance with applicable laws and regulations.
• Support strengthening of internal controls, governance and compliance frameworks.
• Stay updated on regulatory developments, industry trends and significant risks relevant from an audit and assurance perspective.
• Identify areas requiring greater management attention across business entities.
• Promote a strong governance, risk and control culture through audit insights, thematic observations and knowledge sharing.

Strategic Projects & Advisory

• Support senior Assurance & Risk leadership on strategic projects, including:
• Valuation‑related assignments
• Business restructuring strategies
• Evaluation of business proposals
• Policy reviews and inputs
• Other risk and assurance‑related initiatives
• Lead initiatives involving multiple stakeholders and business functions.
• Develop a strong understanding of business challenges, opportunities and emerging threats.
• Provide independent advisory inputs to improve the quality, consistency and effectiveness of assurance practices.
• Prepare clear, concise and impactful reports and presentations for senior management and governance forums.

Stakeholder Management

• Work closely with Internal Audit Heads and senior stakeholders across business entities.
• Coordinate with multiple functions depending on emerging risk themes and horizontal audit requirements.
• Manage ambiguity and independently determine appropriate approaches for audit and assurance assignments.
• Build effective relationships with stakeholders across functions and businesses.
• Engage with professionals from Assurance, Internal Audit, Risk, Accounting and related disciplines.

Key Decision‑Making Responsibilities

• Identify appropriate methodologies and approaches for executing assurance assignments.
• Determine areas requiring greater focus across business entities.
• Manage stakeholder expectations and resolve ambiguity during assignments.
• Escalate significant findings, risks, challenges and delays to senior leadership along with recommendations.
• Working across multiple business entities, functions and stakeholder groups.
• Operating within a fast‑paced environment requiring a short learning curve.
• Managing a diverse and evolving scope of assignments.
• Seamlessly transitioning between strategic, assurance, risk and advisory projects.
• Managing multiple priorities while maintaining quality and professional judgment.

Qualifications & Experience

• Chartered Accountant (CA) – Mandatory.
• 12+ years of post-qualification experience.
• Strong experience in Internal Audit, Risk, Assurance or related functions.
• Experience within the BFSI / Financial Services sector is mandatory.
• Strong understanding of Internal Audit, Risk Management and applicable regulatory requirements.
• Certification in Internal Audit would be an added advantage.
• Strong knowledge of Internal Audit and Assurance frameworks.
• Understanding of risk management and regulatory requirements.
• Strong analytical and problem‑solving capabilities.
• Excellent stakeholder and relationship management skills.
• Strong people management and project management capabilities.
• Ability to work independently and manage multiple assignments.
• Strong communication, report writing and presentation skills.
• Ability to operate effectively in a complex, multi‑stakeholder environment.
• Strong professional judgment and ability to challenge constructively.

Role Scope

• Location: Pune
• Nature of Role: Strategic Assurance, Internal Audit, Risk, Governance & Advisory.