Internal Audit Function

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

Job summary

HITACHI VANTARA INDIA PRIVATE LIMITED is seeking an Audit Specialist to conduct comprehensive audits across broking, alternative investment funds, investment banking, and research analyses. The role ensures compliance with SEBI, AML, and industry standards while strengthening internal controls.

You will also review NBFCs and HR/admin processes, prepare detailed reports, and work with cross-functional teams to implement improvements in controls and governance.

Qualifications

• Auditing experience across financial services and regulatory compliance.
• Familiarity with SEBI, AML, and internal controls.
• Ability to analyze trading, client interactions, and financial reporting.

Responsibilities

• Perform broking audits to verify compliance with regulations.
• Review Alternative Investment Funds and investment banking activities.
• Assess research analysts' methodologies and reporting for ethics and accuracy.
• Audit NBFC processes, internal controls, and secretarial compliance.
• Audit HR and administrative processes for regulatory compliance and efficiency.
• Prepare detailed audit reports with findings and recommendations.

Job description

Job Description :

Broking Audits:

Perform audits on broking operations to verify adherence to compliance and regulatory requirements. Analyze trading practices, client interactions, and financial reporting to identify potential discrepancies or issues. Perform detailed audits of broking activities, including trading practices, client transactions, and account management. Evaluate the effectiveness of internal controls and risk management processes related to broking operations. Ensure that broking operations adhere to relevant regulations and industry standards, including compliance with financial market regulations and anti-money laundering (AML) requirements. Monitor changes in regulatory requirements and update audit practices as needed. Analyze transaction records, trade confirmations, and client communications to identify discrepancies, unauthorized activities, or compliance issues. Verify the accuracy and integrity of financial reporting related to broking activities. Assess the design and effectiveness of internal controls implemented in broking processes. Identify control weaknesses or gaps and recommend improvements to enhance operational efficiency and compliance.

Alternative Investment Funds Audits:

Conduct detailed review and audits of compliance with the SEBI AIF Regulations as well as compliance with the Fund Documents.

Investment Banking Audits:

Conduct comprehensive audits of investment banking activities, including underwriting and advisory services. Evaluate the effectiveness of internal controls and risk management processes. Ensure compliance with relevant regulations and industry standards.

Research Analysts Audits:

Review the methodologies and practices used by research analysts to ensure compliance with ethical standards and regulatory requirements. Assess the accuracy and integrity of research reports and recommendations. Examine research reports and recommendations for completeness, accuracy, and adherence to ethical guidelines. Ensure that research findings are supported by adequate evidence and analysis. Verify that research activities comply with relevant regulations, industry standards, and internal policies. Monitor changes in regulations and ensure that research practices are updated accordingly. Evaluate the effectiveness of internal controls related to research activities. Identify any gaps or weaknesses in controls and recommend improvements.

Non- Banking Financial Companies:

Conduct Statutory, Internal, Compliance and Risk Based Audits of Non-Banking financial services companies. The role further would involve conducting process reviews and testing of Internal Financial Controls of the NBFCs. Secretarial Compliance Audits: Examine corporate governance practices and secretarial compliance with statutory and regulatory requirements. Review board meeting minutes, statutory filings, and other corporate documents to ensure accuracy and completeness. Prepare detailed audit reports outlining findings, recommendations, and areas for improvement. Maintain comprehensive documentation of audit procedures and results.

HR & Admin Audits:

Conduct comprehensive audits of HR processes, including recruitment, employee onboarding, performance management, payroll, and benefits administration. Assess compliance with labor laws, company policies, and employment regulations. Review employee records for accuracy and completeness, and ensure adherence to data protection regulations. Evaluate administrative processes, including office management, procurement, and expense management. Review compliance with internal controls and organizational policies related to administrative functions. Identify opportunities for improving efficiency and effectiveness in administrative operations. Assess the design and operational effectiveness of internal controls within HR and administrative functions. Identify control weaknesses, compliance issues, and potential risks, and recommend corrective actions. Ensure HR and administrative practices comply with relevant regulations, such as labor laws, tax regulations, and company policies. Stay updated on changes in regulations and ensure that internal practices are aligned with current requirements.