Senior Assistant Manager / Manager - Internal Audit

Flourish Ventures; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Quona Capital is seeking a Senior Assistant Manager / Manager for its Internal Audit team in Mumbai. This role involves executing the NBFC internal audit function, conducting audits, and ensuring compliance with internal auditing standards. The ideal candidate should be a Chartered Accountant with 2 to 5 years of experience in internal audits within the NBFC sector. Responsibilities include conducting audits, managing audit teams, and providing strategic recommendations for process improvement and risk mitigation.

Qualifications

• 2 to 5 years experience in NBFC Internal Audit.
• Strategic approach to internal audit processes.
• Ability to identify red flags during audits.

Responsibilities

• Coordinate and conduct audits as per the approved plan.
• Perform end-to-end review of assigned audits.
• Identify process gaps and provide value-added recommendations.

Skills

Analytical skills

Attention to detail

Problem Solving

People management

Education

Chartered Accountant (CA)

Job description

Senior Assistant Manager / Manager - Internal Audit

Department: Internal Contols Team

Location: Mumbai, Jaipur

Role

Internal audit holds execution of NBFC internal audit function. They are responsible for internal audit planning, scheduling and ensure audits/reviews are performed as per the specified plan. They are responsible for conducting audits/reviews requiring experienced skills and knowledge. They ensure that internal auditing standards and organizational values are adhered to while day-to-day auditing operations are performed. They participate in key projects and advise on process improvements areas.

Key Responsibilities

• Coordinate, conduct, and ensure completion of audit, testing of controls as per approved plan/schedule.
• Perform end-to-end review of the process/audit assigned under the supervision of Head-IA.
• Manage multiple audits/reviews and closely review the work performed by subordinates of IA function.
• Identify process design and operating gaps and conduct the root cause for the identified observation.
• Assurance on Policy and Procedures, existing Internal Control.
• Performing audits through Data Analytics, Physical validation, and Sampling Methodology.
• Design Process Map, audit checklist, Risk and Control Matrix (RACM) in line with Risk-Based Internal Audit Procedure and Scope of Audit.
• Effectively engage with stakeholders including process owners and understand their point of view and requirements.
• Regular discussion with process owners during audit to identify Root Cause and provide value-added recommendations to management to help reduce risk through process standardization, automation, and optimization, etc.
• Identification of red flags during audit and undertake investigation under the guidance of Group Head-IA/GM-IA.
• Provide support to the process owner and HOD’s to develop action plans to mitigate the identified risk
• Guide team on improvement areas, organization values etc.
• Support in the preparation of the audit update deck for Management.
• Continuous value-added suggestions as part of the audit with recommendations for cost savings.

Desired experience

• CA
• 2 to 5 yrs experience in NBFC Internal Audit.
• Strategic Approach
• Good Analytical skills
• Attention to detail Job Profile
• Innovative in Problem Solving
• Ability to anticipate and control in time possible red-flags
• People management