Senior Executive - Internal Audit

Tata AIA Life Insurance; Thane; On-site; INR 600,000 - 900,000; Full time

Job summary

Tata AIA Life Insurance invites applications for Senior Executive/Assistant Manager in Internal Audit. The role supports IT and IS audits, ITAC and ITGC, with exposure to financial and compliance reviews across Pan-India operations.

The incumbent will prepare RAMs, audit programs, and detailed work papers, and will liaise with management to close identified issues timely.

Qualifications

• Good knowledge of internal audit concepts and methodology.
• Must have perform IT Audit, IT Application Controls testing, ITGC, ISO 27001 and 22301
• Experience in evaluating technology that supports BFSI financial and business operations
• Ability to negotiate and influence senior / middle managers to facilitate change and improvement
• Good knowledge/experience of operational, financial and compliance audit
• Excellent knowledge of MS Excel and good control over keyboard
• Proficiency in use of computers, including MS Word and PowerPoint
• Strong written and oral communication skills.

Responsibilities

• Perform specialized auditing of a broad range of operational, financial and compliance functions as set out in the annual audit plan.
• Review the area to be audited and understand the scope of the audit
• Review previous audit reports, if any, to check clearance of key issues
• Prepare preliminary risk assessment matrix (RAM), identifying key risks and controls in the audit area
• Prepare audit programs and detailed audit work papers incorporating test schedules, observations, and audit conclusions
• Complete work paper documentation in audit software - Teammate (TM) and ensure all work papers contain sufficient supporting documentation and have been properly referenced on Team Mate
• Perform walk through along with the process owners and prepare process flowcharts
• Test the existing controls in place, conclude on the adequacy, effectiveness and efficiency of key controls tested and recommend action plan to address the risks where controls are weak
• Perform compliance and substantive testing as per audit program
• Draft audit issues / reports as per GIA's audit methodology
• Comply with Quality Assurance checklists to ensure that working papers are complete and serve as a stand-alone reference to support audit findings
• Assist in special jobs/ fraud investigation reviews whenever needed
• Discuss audit issues with operational management and ensure factual accuracy of the issues
• Submit report to audit engagement manager for review
• Input final audit report into TM, before formal issuance
• Participate in risk mitigation plans, contingency planning, business continuity programs by executing and reporting within defined timelines. Highlight and recommend process gaps, flaws and process changes.

Skills

IT Audit

ITGC

ISO 27001

ISO 22301

BFSI domain

MS Excel

Communication

Audit methodology

Education

MBA IT

BE IT

BSc IT

MTech

Tools

Teammate TM

MS PowerPoint

Job description

Job Description

Join Tata AIA Life Insurance, a leading and fastest-growing life insurance provider in India, established in 2001 as a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. Our company embodies a legacy of trust, integrity, and excellence, combining Tata's esteemed leadership with AIA's extensive pan-Asian expertise. At Tata AIA, our vision is to be the pre-eminent protection provider enabling dreams and inspiring healthier, happier lives.

We foster a culture of innovation, inclusivity, and continuous learning, offering dynamic career growth opportunities and a supportive work environment. Recognized as a "Great Place to Work" and recipient of the Kincentric Best Employer Award, we are committed to employee satisfaction and holistic well-being. Our core value, "People - Our Core," emphasizes our dedication to inspiring our employees to be and deliver their very best. Our aim is to attract, hire and develop highly capable leaders who are just, fair, ethical, and accountable for their actions. We strive to provide our employees with the right training, technology, equipment, resources, and guidance to perform their job effectively. Our promise to you is to provide for a diverse, equitable, and inclusive work environment, where each employee is valued as an individual and treated with respect, care, and compassion.

Fuel your future with us, find your wings, and S.O.A.R. Shape opportunities, Optimize your potential, Accomplish meaningful work, and Reap holistic growth.

A. Position Overview

Position Title

Senior Executive/Assistant Manager

Department

Internal Audit

Level/ Band

251/301

Role Summary

• The jobholder will assist the Internal Audit (IA) department in executing the strategy pertaining to IT and IS operational, ITAC and ITGC, financial, compliance audits. To ensure successful completion of assigned audit engagements, from start to finish, inclusive of pre planning and wrap up activities and communicate identified issues to ensure any potential concerns are addressed in a timely and effective manner.

B. Organizational Relationships

Reports To

AVP / Sr. Manager Internal Audit

Supervises

Individual contributor

Job Dimensions

Geographic Area Covered

Pan - India. All Departments

Internal Stakeholders

Head of Audit

Senior Management / All Departments - management categories

External Stakeholders

NA

C. Key Result Areas

• Perform specialized auditing of a broad range of operational, financial and compliance functions as set out in the annual audit plan;
• Review the area to be audited and understand the scope of the audit
• Review previous audit reports, if any, to check clearance of key issues
• Prepare preliminary risk assessment matrix (RAM), identifying key risks and controls in the audit area
• Prepare audit programs and detailed audit work papers incorporating test schedules, observations, and audit conclusions;
• Complete work paper documentation in audit software - Teammate (TM) and ensure all work papers contain sufficient supporting documentation and have been properly referenced on Team Mate;
• Perform walk through along with the process owners and prepare process flowcharts
• Test the existing controls in place, conclude on the adequacy, effectiveness and efficiency of key controls tested and recommend action plan to address the risks where controls are weak;
• Perform compliance and substantive testing as per audit program
• Draft audit issues / reports as per GIA's audit methodology
• Comply with Quality Assurance checklists to ensure that working papers are complete and serve as a stand-alone reference to support audit findings;
• Assist in special jobs/ fraud investigation reviews whenever needed.
• Discuss audit issues with operational management and ensure factual accuracy of the issues
• Submit report to audit engagement manager for review
• Input final audit report into TM, before formal issuance
• Participate in risk mitigation plans, contingency planning, business continuity programs by executing and reporting within defined timelines. Highlight and recommend process gaps, flaws and process changes.

D. Skills Required

Technical

• Good knowledge of internal audit concepts and methodology.
• Must have Perform IT Audit, IT Application Controls testing, ITGC, ISO 27001 and 22301
• Experience in evaluating technology that supports BFSI financial and business operations
• Ability to negotiate and influence senior / middle managers to facilitate change and improvement
• Good knowledge/experience of operational, financial and compliance audit
• Excellent knowledge of MS Excel and good control over keyboard
• command while using Excel.
• Proficiency in use of computers, including MS Word and PowerPoint.
• Strong written and oral communication skills.

Behavioral

• Interpersonal skills
• Communication skills
• Creative thinking skills
• Supervising/Leadership skills
• Teamwork Skills
• Influencing skills
• Relationship Building skills
• Decision making skills

E. Incumbent Characteristics

Qualification

MBA IT/BE/B.Sc IT/M.Tech

Certification in CISA / CISSP / CIA / ISO 27001 / ISO 22301

Experience

1 - 2 years in Internal Audit

Preferably in life insurance / financial services sector.