Lead – Internal Audit – CA Kairos Consulting

The Corporate Institute; Mumbai; On-site; INR 1,200,000 - 2,200,000; Full time

Job summary

The Corporate Institute is seeking an experienced internal audit professional to conduct risk-based audits across multiple business verticals including Retail Assets, Wholesale/Credit, and Support functions. The role involves assessing adherence to policies and governance standards, evaluating risk monitoring frameworks, and identifying control weaknesses.

Travel PAN India for assignments and lead audit teams to ensure effective remediation. Mandatory CA qualification.

Qualifications

• Conduct risk-based internal audits across business verticals including Retail Assets, Wholesale/Credit, and Support functions (Treasury, Finance, HR, IT, etc.)
• Evaluate adherence to internal policies, SOPs, regulatory guidelines, and governance standards, and highlight deviations or control weaknesses.
• Review effectiveness of risk monitoring frameworks including Early Warning Signals (EWS), exception management, portfolio monitoring, and escalation mechanisms, where applicable.
• Identify gaps in process design, control execution, and risk management practices, and recommend practical corrective and preventive actions.
• Undertake thematic reviews, special audits, investigations, or assignments as directed by Senior Management, Audit Committee of the Board (ACB), or Regulators.
• Prepare Business Understanding Documents (BUDs), risk assessments, audit plans, and checklists to ensure comprehensive audit coverage.
• Execute audits end-to-end including planning, fieldwork, testing, documentation, stakeholder discussions, reporting, and closure tracking.
• Draft clear, concise, and actionable audit reports supported by adequate documentation and evidence.
• Monitor closure of audit observations and assess effectiveness of remediation actions implemented by auditees.
• Collaborate with cross-functional teams and stakeholders to drive timely resolution of audit findings and strengthen internal controls.
• Lead, guide, and mentor audit team members by reviewing workpapers, providing direction, and ensuring quality and consistency in audit execution.
• Stay updated on industry practices, emerging risks, regulatory developments, and changes in the NBFC and financial services landscape.
• Travel across locations/branches PAN India as required for audit assignments

Responsibilities

• Conduct risk-based internal audits across business verticals including Retail Assets, Wholesale/Credit, and Support functions (Treasury, Finance, HR, IT, etc.)
• Perform independent assessments of business processes, controls, documentation, underwriting, monitoring mechanisms, and operational practices to identify associated risks and mitigants.
• Evaluate adherence to internal policies, SOPs, regulatory guidelines, and governance standards, and highlight deviations or control weaknesses.
• Review effectiveness of risk monitoring frameworks including Early Warning Signals (EWS), exception management, portfolio monitoring, and escalation mechanisms, where applicable.
• Identify gaps in process design, control execution, and risk management practices, and recommend practical corrective and preventive actions.
• Undertake thematic reviews, special audits, investigations, or assignments as directed by Senior Management, Audit Committee of the Board (ACB), or Regulators.
• Prepare Business Understanding Documents (BUDs), risk assessments, audit plans, and checklists to ensure comprehensive audit coverage.
• Execute audits end-to-end including planning, fieldwork, testing, documentation, stakeholder discussions, reporting, and closure tracking.
• Draft clear, concise, and actionable audit reports supported by adequate documentation and evidence.
• Monitor closure of audit observations and assess effectiveness of remediation actions implemented by auditees.
• Collaborate with cross-functional teams and stakeholders to drive timely resolution of audit findings and strengthen internal controls.
• Lead, guide, and mentor audit team members by reviewing workpapers, providing direction, and ensuring quality and consistency in audit execution.
• Stay updated on industry practices, emerging risks, regulatory developments, and changes in the NBFC and financial services landscape.
• Travel across locations/branches PAN India as required for audit assignments

Education

CA Mandatory

Job description

Education qualification: CA Mandatory

KEY ROLES/RESPONSIBILITIES:

• Conduct risk-based internal audits across business verticals including Retail Assets, Wholesale/Credit, and Support functions (Treasury, Finance, HR, IT, etc.)
• Perform independent assessments of business processes, controls, documentation, underwriting, monitoring mechanisms, and operational practices to identify associated risks and mitigants.
• Evaluate adherence to internal policies, SOPs, regulatory guidelines, and governance standards, and highlight deviations or control weaknesses.
• Review effectiveness of risk monitoring frameworks including Early Warning Signals (EWS), exception management, portfolio monitoring, and escalation mechanisms, where applicable.
• Identify gaps in process design, control execution, and risk management practices, and recommend practical corrective and preventive actions.
• Undertake thematic reviews, special audits, investigations, or assignments as directed by Senior Management, Audit Committee of the Board (ACB), or Regulators.
• Prepare Business Understanding Documents (BUDs), risk assessments, audit plans, and checklists to ensure comprehensive audit coverage.
• Execute audits end-to-end including planning, fieldwork, testing, documentation, stakeholder discussions, reporting, and closure tracking.
• Draft clear, concise, and actionable audit reports supported by adequate documentation and evidence.
• Monitor closure of audit observations and assess effectiveness of remediation actions implemented by auditees.
• Collaborate with cross-functional teams and stakeholders to drive timely resolution of audit findings and strengthen internal controls.
• Lead, guide, and mentor audit team members by reviewing workpapers, providing direction, and ensuring quality and consistency in audit execution.
• Stay updated on industry practices, emerging risks, regulatory developments, and changes in the NBFC and financial services landscape.
• Travel across locations/branches PAN India as required for audit assignments