Internal Audit Quality Assurance Team Member

Team Member-SUPPORT SERVICES-KMPL-Internal Audit

Job Title: IA Team Member Quality Assurance – Internal Audit Function / Department:  Internal Audit Designation: M3-M4 (Manager / Senior Manager)

Kotak Mahindra Prime limited (KMPL) is a subsidiary of Kotak Mahindra Bank Limited and is in the business of financing all passenger vehicles, two wheelers & loan against property. KMPL is India's leading car finance company since 1996 and started financing two wheelers since 2018. The company is dedicated to financing dealers and retail customers. 

The KMPL Internal Audit department conducts risk based internal audit (RBIA) for various functions as per the audit plan.

Job Role: 

• Conduct Internal Quality Assessments: Perform ongoing monitoring and periodic self-assessments of the internal audit function's processes and completed engagements to evaluate conformance with the Global Internal Audit Standards.
• Methodology Review: Evaluate whether audit methodology, approach, and templates are consistently applied and in line with internal guidelines and IIA requirements.
• Working Paper Review: Review audit working papers and reports for accuracy, completeness, and adherence to established documentation standards, providing feedback to audit teams.
• Identify Improvement Opportunities: Analyse quality assessment results to identify trends, areas of non-compliance, and opportunities for continuous improvement in audit efficiency and effectiveness.
• Reporting: Assist the CAE in preparing detailed reports on QAIP results, performance metrics, and improvement initiatives for senior management and the Audit Committee.
• Training & Guidance: Support the development and delivery of training sessions to internal audit staff on quality assurance policies, procedures, and best practices to foster a culture of quality.
• Stakeholder Collaboration: Collaborate with audit teams and stakeholders across the organization to promote a shared understanding of quality standards and integrate quality assurance practices into daily operations.
• Communicate the result of quality assurance review conducted, put forward corrective measure & handle queries related to review 
• Publishing pending issues MIS on fortnightly basis
• Maintain & publish various MIS as required by management / for internal consumption
• Handling regulatory submissions on quarterly and annual basis
• Liaison with compliance & IC department of Kotak prime and Kotak group for regulatory queries
• Document audit findings and maintain quality audit paper work as per IIA Standard.
• Performing Internal Audit as per risk based audit plan.(If needed)
• Ability to access process, risk and controls and drive improvements.

Auditor requirement:

• Candidate can be CA / Inter CA/ MBA/ CIA etc.
• Exposure / experience to Internal Audit/Internal risk control practices.
• Having excellent advance excel skill & SQL query writing skills
• Critical thinking, analytical skills, strong communication , efficient data handling skills
• High energy, Passion & Self-starter attitude with good presentation skills
• Ability to work under pressure
• Strong Attention to details and outstanding problem solving skills

 

Experience Level

Entry Level