Internal Audit Associate

Net Connect; Mumbai; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Net Connect in Mumbai seeks an Internal Audit Associate with 6–9 years of experience to lead execution, documentation, and reporting of audit engagements under the direction of the Director and Manager. You will interact with stakeholders, contribute to investigations, and help prepare comprehensive board reports, ensuring compliance with auditing standards and regulatory requirements.

The role emphasizes risk assessment, controls testing, and developing junior associates while delivering timely

Qualifications

• Bachelor’s degree or significant experience in risk, compliance, audit, or an operations-based control function.
• Postgraduate qualifications or CIA are desirable.
• Recent experience in the financial sector with a proven track record of advancement.
• Excellent interpersonal and communication skills essential for stakeholder engagement.
• Strong people management skills to balance deadlines and stakeholder demands.
• Proven ability to understand and assess the robustness of controls governing business processes.

Responsibilities

• Assist in the execution of audit engagements with thorough documentation from scope to report.
• Compile periodic board reporting to support audit oversight.
• Engage in bespoke investigations and reviews with thorough analysis.
• Interact with stakeholders on Internal Audit Program/Framework for clear communication.
• Ensure internal audit tests and reports are documented as agreed with stakeholders.
• Keep Director, Manager, and auditee updated on audit status and observations.
• Produce internal audit reports for approval by the Manager, Director, or Group Head of Internal Audit.
• Follow up on action plans for corrective actions from audit findings.

Skills

Interpersonal communication

Stakeholder management

Risk assessment

Auditing

Compliance

Board reporting

Leadership

Education

Bachelor's degree in finance/audit/compliance

CIA certification desirable

Job description

Key Responsibilities

• Assist in the execution of audit engagements, ensuring proper documentation from scope to report delivery.
• Compile periodic and consistent board reporting, contributing to comprehensive audit oversight.
• Engage in bespoke investigations and reviews as required, providing thorough analysis and reporting.
• Interact proactively with stakeholders on the Internal Audit Program/Framework, ensuring clear communication and understanding.
• Ensure that internal audit tests and reports are properly and adequately documented as agreed with stakeholders.
• Keep the Director, Manager, and auditee updated on the status of audits and observations noted during testing.
• Produce internal audit reports for approval by the Manager, Director, or Group Head of Internal Audit.
• Follow up on action plans for corrective actions relating to audit findings or findings from other reviews.

Overview

• The Internal Audit Associate plays a crucial role within the consulting sector, specifically focusing on internal audit functions in Mumbai.
• This position involves working closely with the Director and Manager of Internal Audit to ensure comprehensive audit engagements and compliance with industry standards.
• The role requires a proactive approach in interacting with stakeholders and contributing to bespoke investigations and reviews as needed.
• As part of the Internal Audit team, the associate will help produce detailed reports and follow up on corrective actions to address audit findings.
• The position is designed for a Level 4 professional with 6-9 years of experience, emphasizing the execution, documentation, and management of internal audits.
• The associate will engage in board reporting and maintain communication with the audit team and stakeholders throughout the audit process.
• The role demands staying current with the latest developments in auditing standards and compliance regulations, ensuring the organization meets all regulatory requirements.
• Additionally, the Internal Audit Associate will oversee audits to assess compliance with local and industry regulations, taking responsibility for the timely execution and communication of audit testing guidelines.
• As a team player, the associate will also contribute to the development of junior associates and participate in professional development initiatives to enhance team performance.
• The role offers a dynamic environment for professionals with a background in risk assessment, compliance, and auditing within the financial sector.
• The associate will leverage their excellent interpersonal and stakeholder management skills to influence and drive improvements across the the leading financial services firm.

Requirements

• Bachelor’s degree or significant experience in risk, compliance, audit, or an operations-based control function.
• Postgraduate qualifications or industry certifications such as CIA or a recognized accountancy qualification are desirable.
• Recent and relevant experience in the financial sector with a proven track record of advancement.
• Excellent interpersonal and communication skills, both written and verbal, essential for effective stakeholder engagement.
• Strong people management skills with the ability to balance competing deadlines and stakeholder demands.
• Proven ability to understand and assess the robustness of controls governing business processes, particularly in risk assessment and evaluation.