Internal Auditor:Audit & Process_AFL

Axis Finance Limited; Mumbai; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Axis Finance Limited is seeking a Sr. Manager/AVP/Manager in the Internal Audit department. The candidate will conduct process-level audits, maintain compliance with regulations, and oversee risk control matrices. Ideal applicants should have 5+ years of relevant experience and qualifications like CA Inter, CA, CMA, or ICWA.

The role entails effective communication with senior management, drafting audit reports, and ensuring organizational adherence to financial regulations.

Qualifications

• Minimum of 5 years experience in internal auditing.
• Well-versed with financial regulatory guidelines.
• Expertise in preparing risk control matrices (RCM).

Responsibilities

• Conduct process-level audits and maintain adequate work papers.
• Draft audit reports and suggest recommendations.
• Hold discussions with management for findings closure.

Skills

Building relationships with process owners

Risk-based internal audit plans

Knowledge of regulatory guidelines for NBFCs/Banks

Identifying financial reporting risks

Education

CA Inter, CA, CMA, ICWA

Job description

Axis Finance Limited (AFL) is a Non‑Banking Financial Company (NBFC) which provides wholesale and retail lending solutions to corporate and retail customers across geographies and businesses. As a wholly owned direct subsidiary of Axis Bank, Axis Finance Limited endeavors to offer complementary financial solutions to its customers who have unique financing requirements. Our portfolio of products on the retail side include Loan Against Debt Mutual Funds & Bonds and Loan Against Property. In the wholesale lending space, we cater to special situations funding, structured and mezzanine financing and real‑estate financing requirements of corporates.

Job Overview

Roles and responsibilities include conducting process level audits, preparing risk control matrices (RCM), and ensuring compliance with regulatory guidelines for NBFCs/Banks.

Key Competencies & Experience

• Experience building relationships with process owners in a positive and proactive manner.
• Well‑versed with framing and conducting risk‑based internal audit plans.
• Knowledge of regulatory guidelines and functional areas for NBFCs/Banks.
• Willingness to quickly gain knowledge of changing business and systems.
• Awareness of IFC guidelines as per Companies Act and ICAI.
• Experience with risk‑based internal audits and IFC/SOX at NBFCs/Banks.
• Ability to identify potential financial reporting risks (FRR) and design implementation gaps.

Job Profile / Responsibilities

Audit

• Conduct process‑level audits and maintain adequate work papers, adhering to internal audit policies and regulatory guidelines.
• Draft audit reports and suggest suitable recommendations for process‑level observations.
• Hold effective discussions with senior level management for agreement with findings and closure of observations.
• Follow‑up on open observations within timelines to ensure closure.
• Assist the HIA in preparing risk‑based internal audit plans and complete assigned audits.

IFC

• Prepare risk control matrices (RCM) for business processes and conduct walk‑throughs with process owners and controls testing.
• Suggest process improvement areas and work with business process owners to update SOPs and process flow charts.
• Identify potential financial reporting risks (FRR) across processes and design implementation gaps.
• Implement suggested process improvements and participate in continuous testing to identify material weaknesses in internal controls.
• Periodic testing of loan software for system and process gaps.

Job Details

• Department: Internal Audit
• Designation: Sr. Manager / AVP / Manager / DM
• No. of Openings: (not specified)
• Years of Experience: 5+ years
• Educational Qualification: CA Inter, CA, CMA, ICWA
• Reporting to: VP – Internal Audit
• Location: Mumbai
• Team handling: IC