IIFL Home Loans
3 weeks ago
Key Job Responsibilities :
- Design and Implement Risk Based Internal Audit Framework
- Responsible for conducting Risk assessment basis Risk based internal audit framework defined by RBI.
- Preparation of Audit plan basis Risk assessment outcome and creation of presentation decks for Audit committee reporting.
- Supervise, conduct and report on the testing and adequacy of the organization internal controls over Loan disbursed, Branch compliances and post disbursal compliance review of construction finance portfolio.
- Survey functions and activities in assigned areas to determine the nature of operations and adequacy of the system of control to achieve established objectives
- Identify common trends across audits and organization-wide issues, proposing appropriate systems control for improvements.
- Identify existing and potential risks with probable solutions for mitigating the same.
- Develop and maintain the Internal Audit Procedures to ensure that best practice is taken account of and that the audits address specific areas of risk management
- Assist in development of Digital validation of Critical control through the use of Robotic process automation technology.
- Evaluation of Overall Internal Control Ecosystem and monitor the implementation status of all recommendations.
- Responsible for monitoring and conducting of periodical branch audits compliance reviews.
- Efficient and effective tracking of Post disbursal documents for the loans disbursed
- Timely execution of all the Audits as per approved plan
- Regular follow up on Open Audit Observations leading to timely closure.
- Conduct risk assessment of audit reports and findings
- Recommend corrective and preventive actions along with suggesting improvements.
- Complete audit work papers by documenting audit tests and findings, highlighting observations.
- Create performance reports and data models to help make organization-level decisions
- Produce high quality reports highlighting issues and suggesting potential solutions
- Provide reasonable assurance that risk management, control, and governance systems are functioning as intended
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