Internal Audit FS - Governance, Risk & Compliance Services

Innovative; Gurugram District, Delhi, Mumbai; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Innovative is seeking professionals for roles in Governance, Risk & Compliance Services (GRCS) with a focus on Internal Audit and Risk Advisory for global banking and financial services clients in Mumbai and Gurgaon.

The role involves risk-based internal audits, control testing, CDA/TOE assessments, and process improvements across BFSI functions, with collaboration across global stakeholders and strong stakeholder management.

Qualifications

• Experience in Internal Audit and Risk Consulting in BFSI
• Experience with risk-based audits and control testing
• Familiarity with Trade lifecycle processes is a plus

Responsibilities

• Conduct risk-based internal audits across banking and financial services functions.
• Perform process walkthroughs, prepare Risk Control Matrices (RCMs), and execute control testing.
• Assess CDA and TOE for operating effectiveness.
• Evaluate internal controls, identify gaps, and propose improvements.
• Prepare audit reports with observations and recommendations.
• Develop SOPs and support process improvement initiatives.
• Collaborate with global stakeholders and present findings.
• Support client engagements with strong analytical and stakeholder skills.

Skills

Internal Audit

Risk Consulting

Audit testing

RCMs

CDA

TOE

Control design

Process improvement

Stakeholder management

GFSI/BFSI

Job description

Position Details

Role: Associate Consultant / Consultant / Assistant Manager Governance, Risk & Compliance Services (GRCS) - FS Sector

Locations: Mumbai & Gurgaon

About the Role

looking for professionals with experience in Internal Audit, Risk Consulting. This role offers the opportunity to work with global banking and financial services clients on complex risk advisory and internal audit engagements.

Key Responsibilities

• Conduct risk-based internal audits across banking and financial services functions.
• Perform process walkthroughs, prepare Risk Control Matrices (RCMs), and execute control testing.
• Assess Control Design Assessment (CDA) and Test of Operating Effectiveness (TOE).
• Evaluate internal controls, identify process gaps, and recommend improvements.
• Perform internal audits across Financial Services or BFSI Sector.
• Review trade lifecycle processes, including trade confirmations, reconciliations, and end-of-day controls.
• Prepare audit reports with key observations and actionable recommendations.
• Develop Standard Operating Procedures (SOPs) and support process improvement initiatives.
• Collaborate with global stakeholders and present audit findings.
• Support client engagements with strong analytical and stakeholder management skills.