Internal Audit & Controls – Process Audit, Regulatory Compliance & AI Automation

HITACHI VANTARA INDIA PRIVATE LIMITED; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Hitachi Vantara India Private Limited is expanding its Internal Audit Department in Mumbai, seeking talented professionals to focus on process audits, internal controls, risk assessment, and regulatory reviews. The role emphasizes leveraging AI, automation and data analytics to enhance audit coverage and efficiency.

You will work on RCMs, regulatory audits, data analytics, and dashboard development, collaborating with IT and business teams to implement automated controls, AI-enabled testing and

Qualifications

• Strong process understanding and experience in process audits, internal controls, risk assessments or operational risk management.
• Sound knowledge of applicable regulatory requirements, preferably within financial services, capital markets or securities broking.
• Practical understanding of process mapping, control design, control testing, root-cause analysis and remediation.
• Demonstrable interest or experience in using AI and automation to improve audit processes and control monitoring.
• Ability to translate manual audit procedures into repeatable, data-driven and automated checks.
• Strong analytical skills and proficiency in advanced Excel and data analysis.
• Excellent documentation, report-writing, problem-solving and stakeholder-management capabilities.

Responsibilities

• Process Audits: Understand, document and evaluate end-to-end business processes, identify control gaps and assess the effectiveness of existing controls.
• Risk & Control Assessments: Develop and review Risk and Control Matrices (RCMs), identify key risks, evaluate control design and operating effectiveness, and recommend improvements.
• Regulatory Audits: Assess compliance with applicable SEBI regulations, stock exchange and depository requirements, regulatory circulars, internal policies and other applicable requirements.
• Business Process Knowledge: Review operational processes across relevant business and support functions, including onboarding, transaction processing, reconciliations, settlements, vendor management, employee lifecycle, procurement and other critical workflows.
• AI-Driven Audit Automation: Identify opportunities to automate repetitive audit activities, control testing, data validation, exception identification, reporting and audit documentation using AI-enabled tools.
• Continuous Control Monitoring: Develop automated checks and exception-based monitoring to identify unusual transactions, deviations from approved processes, control failures and potential compliance breaches.
• Data Analytics: Analyse large datasets to identify trends, anomalies, duplicate transactions, unusual patterns, process deviations and potential risk indicators.
• Audit Tool Development: Collaborate with IT, data and business teams to develop automated audit scripts, dashboards, exception reports and control-monitoring solutions.
• Process Improvement: Recommend enhancements to existing workflows, maker-checker controls, approval mechanisms, reconciliations, access controls and process documentation.
• Policy & SOP Reviews: Evaluate whether policies, Standard Operating Procedures (SOPs), process notes and control documents are current, appropriately approved and consistently implemented.
• Audit Reporting & ATR: Prepare clear audit reports, agree corrective action plans with stakeholders, monitor action items and validate closure evidence.
• Management Dashboards: Develop management information systems and dashboards covering audit coverage, control effectiveness, recurring observations, overdue ATRs and risk trends.
• Emerging Technology & Risk: Assess risks arising from automation, AI adoption, data quality, access management and technology-enabled business processes.

Skills

Process audits

Internal controls

Regulatory risk

AI in audit

Data analysis

Excel advanced

Documentation

Stakeholder management

Education

CA/CIA/CMA/CISA/CFE

Tools

Python

SQL

Power BI

VBA

RPA

Job description

Join Our Internal Audit Team!

We are expanding our team and looking for talented, motivated, and detail-oriented professionals to join our Internal Audit Department.

Department: Internal Audit & Controls

Qualification: CA/CIA/CMA/CISA/CFE

1. Role Overview

The role focuses on process audits, internal control assessments, regulatory reviews and technology-enabled audit transformation. The candidate should have a strong understanding of business processes, regulatory requirements and risk management, along with the ability to leverage Artificial Intelligence (AI), automation and data analytics to improve audit coverage, monitoring and operational efficiency.

2. Key Responsibilities

• Process Audits: Understand, document and evaluate end-to-end business processes, identify control gaps and assess the effectiveness of existing controls.
• Risk & Control Assessments: Develop and review Risk and Control Matrices (RCMs), identify key risks, evaluate control design and operating effectiveness, and recommend improvements.
• Regulatory Audits: Assess compliance with applicable SEBI regulations, stock exchange and depository requirements, regulatory circulars, internal policies and other applicable requirements.
• Business Process Knowledge: Review operational processes across relevant business and support functions, including onboarding, transaction processing, reconciliations, settlements, vendor management, employee lifecycle, procurement and other critical workflows.
• AI-Driven Audit Automation: Identify opportunities to automate repetitive audit activities, control testing, data validation, exception identification, reporting and audit documentation using AI-enabled tools.
• Continuous Control Monitoring: Develop automated checks and exception-based monitoring to identify unusual transactions, deviations from approved processes, control failures and potential compliance breaches.
• Data Analytics: Analyse large datasets to identify trends, anomalies, duplicate transactions, unusual patterns, process deviations and potential risk indicators.
• Audit Tool Development: Collaborate with IT, data and business teams to develop automated audit scripts, dashboards, exception reports and control-monitoring solutions.
• Process Improvement: Recommend enhancements to existing workflows, maker-checker controls, approval mechanisms, reconciliations, access controls and process documentation.
• Policy & SOP Reviews: Evaluate whether policies, Standard Operating Procedures (SOPs), process notes and control documents are current, appropriately approved and consistently implemented.
• Audit Reporting & ATR: Prepare clear audit reports, agree corrective action plans with stakeholders, monitor action items and validate closure evidence.
• Management Dashboards: Develop management information systems and dashboards covering audit coverage, control effectiveness, recurring observations, overdue ATRs and risk trends.
• Emerging Technology & Risk: Assess risks arising from automation, AI adoption, data quality, access management and technology-enabled business processes.

3. Mandatory Skills & Experience

• Strong process understanding and experience in process audits, internal controls, risk assessments or operational risk management.
• Sound knowledge of applicable regulatory requirements, preferably within financial services, capital markets or securities broking.
• Practical understanding of process mapping, control design, control testing, root-cause analysis and remediation.
• Demonstrable interest or experience in using AI and automation to improve audit processes and control monitoring.
• Ability to translate manual audit procedures into repeatable, data-driven and automated checks.
• Strong analytical skills and proficiency in advanced Excel and data analysis.
• Excellent documentation, report-writing, problem-solving and stakeholder-management capabilities.

4. Preferred Technical Skills

• Experience with AI-enabled productivity and analytical tools.
• Exposure to Python, SQL, Power BI, VBA, RPA or other workflow automation technologies.
• Experience developing audit dashboards, automated exception reports and continuous monitoring solutions.
• Understanding of data governance, data privacy, information security and AI-related risks.
• Ability to work with technology teams to convert audit requirements into practical automation solutions.

5. Preferred Candidate Profile

Candidates from internal audit, process assurance, risk advisory, compliance, operational risk or business controls functions within financial services will be preferred.The ideal candidate should combine process and regulatory understanding with a practical, solution-oriented approach to automation, demonstrating integrity, attention to detail and the ability to improve the efficiency and effectiveness of the Internal Audit & Controls function.