Overview
Internal Audit BFSI
Job Role & Responsibilities :
– Person will be responsible for executing internal audit activities.
– Person will play a crucial role in ensuring compliance with regulations, identifying operational inefficiencies, and enhancing internal controls.
– This position requires diligence and the ability to communicate effectively with various stakeholders.
Conduct Internal Audits :
– Lead and execute internal audit engagements.
– Perform detailed testing procedures to assess the reliability and integrity of financial information, operational processes, and systems.
– Identify areas of improvement and provide practical recommendations to enhance controls and mitigate risks.
Manage Audit Team :
– Supervise a team of assistants, providing guidance, training, and support as needed.
– Review audit workpapers and ensure adherence to professional standards and audit methodologies.
– Foster a collaborative and high-performance culture within the audit team.
Communicate Findings :
– Prepare clear and concise audit reports highlighting key findings, recommendations, and management responses.
– Present audit results to senior management and the Audit Committee, addressing any concerns and providing insights for decision-making.
Monitor Remediation Activities :
– Track the implementation of audit recommendations and verify the effectiveness of remediation efforts.
– Follow up with management to ensure timely resolution of identified issues and deficiencies.
Stay Abreast of Regulatory Changes :
– Monitor developments in relevant laws, regulations, and industry standards affecting the organization.
– Provide guidance to management on compliance requirements and emerging risks.
Functional Skills :
– Excellent analytical skills and diligence, with the ability to identify patterns, trends, and anomalies.
– Effective communication and interpersonal skills, with the ability to interact confidently with all levels of the organization.
– Proficiency in Microsoft Office applications.
– Ability to adapt to changing priorities and work independently in a fast-paced environment.
Additional Requirements :
– Proven experience (more than 2 years) in internal auditing, preferably in a managerial role.
– Person from Mid – Size Audit Firm is preferred.