AVP- Internal Process Audit
4 days ago
The role is with a leading Health Insurance company.
Position Title: AVP - Internal Process Audit
Location - Mumbai
Qualification - CA / MBA
Experience - 7+ years
Role Overview:
Concerned individuals will be responsible for Planning and execution of internal audits in accordance with the laid down process. Providing support to the Head-internal audit for other internal audit related activities including Board presentations and liaising with senior management.
Responsibilities
- Executing internal audits (process-based as well as IT process) in accordance with the approved audit plan including compliance with the internal audit methodology, using data analytics for a stratified sample , Working closely with management and recommending appropriate risk and control initiatives including best practice
- Display independence in execution of audit and management of various stakeholders
- Ensure upkeep with applicable rules and regulations
- Ensure upkeep with Company’s policies and procedures
- Using CAATs and other tools to extract and analyze data for trends and patterns, and designs review mechanism to identify potential irregularities and increase coverage and efficiencies for audit projects
- Liaise/manage external firms deployed which provide support to the Internal Audit department
- Follow up with process owners/ stakeholders on the progress for remediation initiatives, and validate adequacy of the remediation actions
- Support the Head of Audit with reporting to Board and/or Audit Committee
- Liaise with Regional Office including group auditors on audit progress, remediation status and other audit initiatives
- Provide support to additional projects and to identify and pursue ongoing process improvements
- Support continuous improvement of internal audit practices and tools
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