Purpose of the Role:

To evaluate the effectiveness of internal controls and processes within the organization. This involves reviewing policies, procedures, and systems to ensure they are designed and operating effectively to mitigate risks and achieve organizational objectives

Experience: 2 to 4 years

Purpose of the Role:

To evaluate the effectiveness of internal controls and processes within the organization. This involves reviewing policies, procedures, and systems to ensure they are designed and operating effectively to mitigate risks and achieve organizational objectives.

Job Tasks and Responsibilities:

• Drafting detailed, relevant scope and ensuring appropriate coverage in audits.
• Conducting comprehensive walkthroughs and understanding the processes.
• Timely follow-up for data requirements and resolving queries.
• Drafting audit reports and providing relevant observations.
• Closing audits within stated timelines, considering unavoidable delays.
• Following up on the implementation of audit recommendations and process improvements.
• Completing audits according to the audit plan for the quarter.
• Coordinating (while operating independently from Business/Operations and other functions) with Internal Audit, external firms, and process owners regarding audit matters (discussions and resolution of queries, observations, draft reports, closing meetings) to ensure smooth execution and timely completion of Internal Audit, Concurrent Audit, Information System (IS) Audit, Regulatory Audit, etc.

Internal Team Processes and Liaison:

• Ensuring adequate documentation of all audit work to demonstrate the work done to address audit risks and achieve audit objectives, including updating in Internal Audit Management Software.
• Periodically updating and maintaining the Internal Audit plan, issue tracker, and preparing analysis of audit findings to identify relevant trends across processes/products.
• Assisting in the execution of special/thematic audits as per the directions of the Head of Internal Audit.
• Providing regular updates to the Head of Internal Audit regarding audit execution, reporting, and closure.
• Liaising with various teams and external auditors on matters concerning approval and sharing of necessary meetings/access/data/information/reports. This includes checking invoices and processing payments after necessary approvals, managing monthly provisions of internal audit fees, and coordinating with AP Team, Admin Team, Tech Team, and other teams on matters concerning Internal Audit.