Vertical Head – Internal Audit – BFSI NovoTree Minds Consulting

The Corporate Institute; Mumbai; On-site; INR 1,600,000 - 2,400,000; Full time

Job summary

Aditya Birla Capital Digital Limited is seeking a senior professional to develop and manage the execution of the audit strategy and plan across information systems audits and corporate audits, in line with RBI, SEBI, IRDA, and other regulatory guidelines.

The role involves end-to-end management of audits, including resourcing, scoping, monitoring, and reporting, with an emphasis on automation and data analytics for effective risk management and control improvement.

Qualifications

• Post qualification experience: 11+ years.

Responsibilities

• Develop audit strategies for IT infrastructure, information security, IT applications, and corporate risk management.
• Develop audit plans based on risk assessments and regulatory frameworks with use of data analytics.
• Lead end-to-end audits including resourcing, scoping, monitoring, and reporting.
• Provide actionable recommendations to improve risk controls, processes, and compliance.
• Keep audit procedures up-to-date with policy, regulatory changes and industry best practices.
• Engage with stakeholders to implement recommendations and strengthen the control environment.

Job description

Location: Goregaon, Mumbai

Post qualification experience: 11+ Years

Role: To develop and manage execution of the Audit Strategy and Plan for Aditya Birla Capital Digital Limited covering all the key areas of Information System Audits (IS Audits) and corporate audits including risk management.

Working under applicable guidelines of RBI, SEBI, IRDA, NPCI, ICAI, IIA.

End to end management of audits from resourcing, selection of partner firm (if required), scoping, monitoring and reporting.

Implement a comprehensive automation plan for internal audit check.

Key Result Areas:

Development of Audit Strategy and Plan:

• Develop audit strategies for identification and assessment of various risks including Information Technology (IT) Infrastructure, Information Security and IT Applications Audits, corporate risk management, and control functions including Compliance, Legal, Fraud, Operational, Third party/Outsourcing, Liquidity, Financial, People, and Reputational risk.
• Develop audit plans based on risk assessment and regulatory framework; ensure use of advanced integrated auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives.
• Develop specialized audit team for timely and quality execution of complex and specialized audit reviews covering all the key areas of corporate functions including risk management and control functions.

Execution of Audit Strategy and Plan:

• Conduct risk-based, thematic and specialized audit reviews to assess the adequacy and effectiveness of the risk management and controls.
• Conduct review of application controls in the applications used by corporate, risk management and control functions and management information systems to assess adequacy and effectiveness of the controls.
• Provide effective recommendations for improvements to the organization policies, processes and practices based on leading industry practices and emerging risks.
• Develop processes for adequate and effective audit coverage of various risks including IT Infrastructure, Information Security, IT Applications, Compliance, Legal, Fraud, Operational, Third party/Outsourcing, Liquidity, Financial, People, and Reputational risk.
• Keep audit procedures and checklists current and updated, aligned with changes in internal policies/guidelines as well as legal/regulatory changes and evolving industry best practices.
• Ensure timely completion of audit plan and projects along with quality of audits, and meet with all audit documentation and reporting requirements as per audit policy and procedures and leading best practices.
• Active engagement with stakeholders for implementation of recommendations for effective risk mitigations and improvement in the control environment.

Continuous Monitoring:

• Develop strategies for identification of triggers/risk hotspots and conduct unplanned reviews/investigations based on various triggers, directives received from regulators, board committees and senior management.
• Keep abreast of the emerging audit trends and drive key audit initiatives for efficient and effective achievement of the audit objectives.
• Implement an effective continuous monitoring framework for ongoing monitoring of risk relating to various business products, processes and units; Identify and develop automated test for ongoing monitoring of Information System & Security risk across Aditya Birla Capital Digital Limited.

Communication and Stakeholder Engagement:

• Active engagement with stakeholders for implementation of recommendations for effective risk mitigations and improvement in the control environment.
• Effective communication and reporting to various stakeholders including regulators, board committee and senior management.

People Management:

• Develop specialized audit team for execution of complex and specialized audit reviews covering IT Infrastructure, IT Applications, Information System & Security areas and risk management and controls.
• Develop, nurture and grow talent through effective employee engagement and management.
• Continuous development of self and the team through regular learning and sharing of knowledge/best practices.