Internal Audit Manager (Corporate Audit)

SMFG INDIA CREDIT COMPANY; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

SMFG INDIA CREDIT COMPANY is seeking an experienced internal auditor to develop and implement risk-based audit plans for its retail lending portfolio, and to present findings to senior management and the Board.

The role requires knowledge of NHB, RBI, SEBI regulations; identify design and operating gaps; engage stakeholders; and provide root-cause based recommendations to improve efficiency and controls. CA qualification and 4+ years in internal audit are preferred.

Qualifications

• Minimum experience of 4 years in retail lending business in Internal Audit function.
• Knowledge of ICAI and IIA Standards and methodology, attention to detail, good verbal and written communication skills.

Responsibilities

• Develop and implement risk-based internal audit plans aligned with organizational objectives.
• Prepare and present comprehensive audit reports to senior management and the Board.
• Ensure adherence to regulations of NHB, RBI, SEBI etc.
• Identify design level gaps and operating effectiveness gaps in the processes being audited.
• Effective engagement with stakeholders and seek comprehensive management action plan to address the audit issue.
• Provide audit recommendations based on root cause analysis of the audit issue and improvements to enhance efficiency and control.
• Assist in reporting to the Audit Committee on audit progress, findings, and recommendations.
• Assist in submissions to regulatory authorities for audit-related matters during regulatory inspection.
• Ensure departmental compliance with SOPs and audit manual and policies.
• Implement quality assurance processes for internal audit practices.
• Demonstrate professional skepticism in conduct of internal audits.
• Stay updated on regulatory changes and communicate their impact on internal audit processes.

Education

Chartered Accountant

Job description

Role & responsibilities

• Develop and implement risk-based internal audit plans aligned with organizational objectives.
• Prepare and present comprehensive audit reports to senior management and the Board.
• Ensure adherence to regulations of NHB, RBI, SEBI etc.,
• Identify design level gaps and operating effectiveness gaps in the processes being audited
• Effective engagement with the stakeholders and seek comprehensive management action plan to address

the audit issue

• Provide audit recommendations based on root cause analysis of the audit issue, significant process

improvements to enhance efficiency and control

• Assist in reporting to the Audit Committee on audit progress, findings, and recommendations
• Assist in submissions to regulatory authorities for audit-related matters during the regulatory inspection
• Ensure departmental compliance with Standard Operating Procedures (SOPs), adherence to audit manual

and policies

• Implement quality assurance processes for internal audit practices
• Demonstrate professional skepticism in conduct of internal audits
• Stay updated on regulatory changes and communicate their impact on internal audit processes
• Knowledge of ICAI and IIA Standards and methodology, attention to detail, good verbal and written

communication skills

Preferred candidate profile

• Minimum experience of 4 years in retail lending business in Internal Audit function
• Qualified Chartered Accountant with relevant experience