Manager:Audit & Process_AFL

Axis Finance Limited; India; On-site; INR 600,000 - 900,000; Full time

Job summary

A financial institution based in India is seeking an experienced auditor to conduct process level audits, draft audit reports, and engage with senior management to address observations. The ideal candidate will have experience in building relationships with process owners, conducting risk-based internal audits, and understanding regulatory guidelines. This role offers an opportunity to directly impact audit practices and contribute to process improvements across various functions.

Qualifications

• Experience in building relationships with process owners effectively.
• Knowledge of framing and conducting Risk Based Internal Audit Plan.
• Experience with NBFCs/Banks and understanding of Regulatory guidelines.

Responsibilities

• Conducting process level audits across various functional areas.
• Maintaining work papers and documentation in adherence to policies.
• Drafting Audit reports and making recommendations for improvements.
• Engaging with senior management regarding audit findings.
• Following up on open observations as per plan.
• Assisting in preparing Risk Based Internal Audit plan.

Skills

Building relationships with process owners

Risk Based Internal Audit Plan

Knowledge of Regulatory guidelines

Adaptability to changing business and systems

IFC guidelines compliance

Conducting Risk Based Internal Audits

IFC/SOX knowledge

Job description

Role description

Audit

• Conducting process level audits and having knowledge of Wholesale / Retail (Credit and Operations) along with some of the other functional areas (Risk, Compliance, Treasury, HR, Accounts)
• Maintaining adequate work papers and documentation along with adherence to Internal Audit policies and Regulatory guidelines
• Drafting of Audit reports and suggesting suitable recommendations to address the process level observations.
• Holding effective discussion with senior level management for agreement with findings and closure of observations with adequate management responses
• Follow-up of open observations within timelines to ensure closure of observations as per agreed plan
• Assisting the HIA in preparing Risk Based Internal Audit plan and completing assigned audits as per plan

IFC

• Preparing Risk Control Matrix (RCM) for business processes and conduct of walk-throughs with process owners and controls testing.
• Suggesting process improvement areas and taking up with business process owners to update SOP and process flow charts.
• Identifying potential financial reporting risks (FRR) across processes along with design and implementation gaps.
• Taking up with process owners to implement the suggested process improvements and involve in continuous testing of processes to identify any material weaknesses in the internal controls in rocsystem/pesses
• Periodic testing of loan software for system and process gaps.

Skills

• Should have experience of effectively building relationships with process owners in a positive and proactive manner
• Should be well -versed with framing and conducting Risk Based Internal Audit Plan
• Should have worked with NBFCs/Banks and have knowledge of Regulatory guidelines and other functional areas
• Should have experience and willingness to quickly gain knowledge of changing business and system
• Should be aware of IFC guidelines as per Companies Act and ICAI
• Risk Based Internal Audits
• IFC/SOX at NBFCs/Banks