Internal Audit Manager

4 weeks ago


Malappuram, India HDB Financial Services Ltd. Full time

Branch Audits

  • Develop annual Branch audit plan detailing the scope, nature and periodicity of the Branch audits.
  • Design internal audit procedure to ensure timely execution of Branch Audits as per the Plan.
  • Assess the adequacy, effectiveness and efficiency of the established internal controls and procedures through the Branch audits.
  • Review the reports prepared by the Auditors and ensure that the same are drafted in an expected manner and appropriate recommendations are provided for the rectification of the highlighted discrepancies
  • Discuss critical audit findings immediately with the line manger and report significant issues to Head of Internal Audit
  • Ensure that the appropriate management comments with timelines is received in due time, report is finalized and Branches are rated on the basis of defined rating methodology.
  • Circulate final audit reports with the rating to the branches keeping the senior management in loop.
  • Train and mentor the branch audit staff.

Process Improvements

  • Random visits to branches to monitor the Branch Audit process and performance of the Auditor.
  • Periodic review and revision of Audit checklist and rating methodology basis the changes brought in by management and regulators.
  • Train the subordinates on the new changes brought in the Audit checklist and rating methodology.

Management Reporting

  • Prepare Audit committee pack in consultation of the Reporting manager
  • Assist in overall preparation of the Audit committee presentations.
  • Act upon the actionable as directed by Head Internal Audit.

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