Internal Audit

Alpha Alternatives; Maharashtra; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Alpha Alternatives is seeking an experienced Internal Audit professional to lead the Internal Audit function across investment strategies, funds and corporate functions. The role involves developing a risk-based audit plan and delivering independent assurance on internal controls, governance and risk management.

You will audit multiple asset classes, assess control design and effectiveness, and present findings to senior management and the Audit Committee.

Qualifications

• 12+ years of experience in Internal Audit across asset management, alternative investments, financial services or investment management businesses.
• Strong understanding of investment management processes, fund structures and risk-based auditing.
• Ability to independently lead audits and influence senior stakeholders on control improvements.

Responsibilities

• Lead the Internal Audit function with a risk-based plan covering investment operations, fund management, portfolio monitoring, finance, compliance, treasury, technology and corporate functions.
• Audit multiple asset classes including private credit, real estate, infrastructure, fixed income and equities; cover processes, valuation and exits.
• Evaluate internal controls and governance frameworks; identify gaps and recommend improvements.
• Assess investment-related risks including due diligence, approvals, covenant monitoring and valuation methodologies.
• Review end-to-end business processes to identify inefficiencies and opportunities for automation.
• Present findings, risks and remediation status to senior management, Audit Committee and Board as applicable.
• Collaborate with business units, Risk, Compliance, Finance and other stakeholders to close audit observations promptly.
• Lead and develop the Internal Audit team, coordinating with external auditors and specialists as required.

Skills

Internal Audit

Risk management

Audit leadership

Stakeholder management

Communication

Report writing

Data analysis

Education

CA / CIA / CISA / MBA Finance

Job description

We are looking for an experienced Internal Audit professional to lead the Internal Audit function. The role will provide independent assurance on the effectiveness of internal controls, risk management, governance and business processes across investment strategies, funds and corporate functions.

Key Responsibilities

• Lead the overall Internal Audit function, developing a risk-based audit plan covering investment operations, fund management, portfolio monitoring, finance, compliance, treasury, technology and corporate functions.
• Conduct audits across alternative asset classes, including private credit, real estate, infrastructure, fixed income and equities, covering investment processes, deal execution, portfolio monitoring, valuation and exit processes.
• Evaluate the design and effectiveness of internal controls, governance frameworks, policies and operating procedures, identifying control gaps and recommending improvements.
• Assess investment-related risks, including due diligence, investment approvals, covenant monitoring, valuation methodologies, fund expenses, conflicts of interest and adherence to investment mandates.
• Review end-to-end business processes to identify operational inefficiencies, control weaknesses and opportunities for process improvement and automation.
• Present audit findings, key risks and remediation status to senior management, the Audit Committee and the Board, as applicable.
• Work closely with business teams, Risk, Compliance, Finance and other stakeholders to drive timely closure of audit observations and strengthen the control environment.
• Lead and develop the Internal Audit team, while coordinating with external auditors and specialist advisors, as required.

Candidate Profile

• 12+ years of experience in Internal Audit, preferably within asset management, alternative investments, financial services or investment management businesses.
• Strong understanding of investment management processes, fund structures, portfolio operations and risk-based auditing.
• Experience in auditing multiple asset classes, investment transactions, financial controls and operational processes.
• Demonstrated ability to independently lead audits, identify key risks and influence senior stakeholders on control improvements.
• Strong analytical, communication, report-writing and stakeholder management skills.
• CA / CIA / CISA / MBA Finance or an equivalent relevant qualification preferred