AGM - Internal Audit

Role

AGM-Internal Audit

Job Level/ Designation

M2/ AGM

Function / Department

Internal Audit

Location

Mumbai

Job Purpose

Deliver independent, risk-based assurance and advisory services to strengthen organizational governance, risk management, and internal control processes. Provide management and the board with actionable insights and recommendations that drive value creation and organizational sustainability.

Key Result Areas/Accountabilities

• Audit Plan Delivery: Execute assigned audits in accordance with the IA guidelines and methodology. This requires:
• Assess and understand risks in relevant business processes, applying audit methodologies as per guidelines.
• Partner with audit leads to design robust engagement plans (risk and control matrices, process flows) for maximizing audit outcomes.
• Ensure execution and completion of assigned audits according to finalized engagement plans and deadlines, ensuring clear reporting of significant findings.
• Exercise sound judgment when evaluating the significance of risks, compensating controls, and process gaps.
• Document processes and test controls thoroughly, gathering sufficient, relevant, and reliable audit evidence.
• Identify and communicate notable control weaknesses, cost savings, financial exposures, and revenue enhancement opportunities.
• Highlight instances of absent processes, system design gaps, or unquantifiable risks, and governance issues, using root cause analysis.
• Consolidate all audit observations and prepare comprehensive reports within agreed timelines.
• Maintain accurate records to ensure complete and traceable audit trails.
• Uphold the independence and objectivity of internal audit activity.
• Action Taken Report Tracking:
• Engage with management to track action plan implementation and progress, reporting monthly on open audit recommendations.
• Audit plan preparation:    
• Support the Audit Team Lead in coordinating with business and aggregating relevant information to develop risk-based audit plans for upcoming year.

• Assist the Supervisor /Head in any matters relevant to run the IA team
  • Support supervisor/head in administrative, operational, and governance matters for the audit team.

• Actively contribute to departmental initiatives and their effective execution.

• Building skills and competence

• Continually enhance professional and technical skills, keeping up with relevant business developments, technology trends, and IT systems.
• Foster a culture of continuous improvement within the audit team.

• Communicate with the business

• Build and manage constructive stakeholder relationships to ensure acceptance and implementation of audit results
• Maintain rapport with senior management to support open dialogue and effective resolution of audit issues.

Core Competencies, Knowledge, Experience

• Communication
  1. Strong interpersonal and professional communication skills, including clear articulation of issues and recommendations at all organizational levels.
  2. Ability to present complex subjects succinctly and lead discussions with diverse stakeholders.
• Writing Skills
  1. Excellent report-writing ability, translating observations into business-relevant insights based on sound analysis and data.
• Problem Identification and solution
  1. Innate curiosity to question the status-quo and ability to connect dots to understand functioning of larger business ecosystems
  2. Proven ability to identify process gaps and control improvements, evaluate process efficiency, and propose pragmatic solutions.
  3. Can leverage project management capability to drive audit and process improvement initiatives.
• Time Management
  1. Demonstrates effective management of multiple tasks and deadlines, completing assignments in a timely, quality-driven manner.

Must have technical / professional qualifications

• Qualified Chartered Accountant and/or MBA with 5-7 years' post-qualification experience in internal audit and risk management.
• Preference for candidates with telecom industry or consulting firm experience; additional certification (CIA, CISA, DISA, etc.) is valued.
• Sound understanding of audit frameworks, risk management, financial and operational controls

Years of Experience

5-7