High Salary: Internal Audit

Job Description Key Responsibilities: - Internal Audit & Control Reviews: - Conduct periodic internal audits of depository operations, systems, and procedures to evaluate the effectiveness of internal controls. - Assess the adequacy of risk management practices and ensure they align with industry standards and regulatory requirements. - Identify discrepancies or weaknesses in the depository processes and provide actionable recommendations to mitigate risk. - Regulatory Compliance: - Ensure that depository activities comply with relevant financial regulations, including SEBI, RBI, and other applicable laws. - Review and monitor compliance with internal policies, industry standards, and legal requirements concerning depository services. - Prepare reports on regulatory compliance and liaise with the regulatory authorities to ensure timely resolution of compliance issues. - Risk Assessment & Mitigation: - Perform risk-based assessments to identify potential operational, financial, and security risks in the depository functions. - Recommend and assist in the implementation of risk mitigation strategies to improve operational efficiency and prevent potential risks. - Review and ensure the depository system's integrity, security, and data protection measures are in place. - Process Optimization: - Analyze and evaluate current depository processes and workflows to identify inefficiencies or opportunities for improvement. - Assist in streamlining processes, ensuring accuracy, efficiency, and compliance with best practices. - Collaborate with internal teams to implement improvements and enhance the overall effectiveness of the depository operations. - Audit Documentation & Reporting: - Prepare detailed audit reports documenting findings, risk analysis, and recommendations for improvement. - Present audit findings and suggested improvements to senior management and other relevant stakeholders. - Maintain audit records and ensure proper documentation of audit processes and results for future reference and regulatory purposes. - Monitoring & Follow-Up: - Continuously monitor the implementation of audit recommendations and improvements within depository operations. - Follow up on previously identified audit issues to ensure corrective actions are taken promptly. - Conduct regular internal reviews to ensure corrective measures have been implemented effectively and are functioning as intended. - Collaboration with Internal Teams: - Work closely with other departments, including operations, compliance, IT, and finance, to ensure seamless auditing and risk management procedures. - Provide internal stakeholders with insights and guidance on best practices for managing and mitigating depository-related risks. - Assist in training staff on regulatory compliance and internal audit processes to enhance awareness and operational standards. - Ad Hoc Audits & Investigations: - Perform special audits or investigations when requested by senior management or in response to identified concerns. - Assess the potential impact of identified issues and work with relevant teams to investigate and resolve them promptly. Required Qualifications: - Bachelor's degree in Finance, Accounting, Business Administration, or a related field. - Proven experience in internal auditing, preferably in the depository, financial services, or banking sector. - Strong understanding of the regulatory environment for depository operations, including knowledge of SEBI, RBI guidelines, and other relevant regulations. - Familiarity with internal audit methodologies, risk assessment tools, and audit software (e.g., ACL, IDEA, TeamMate). - Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint), with strong data analysis skills. - Excellent attention to detail, with the ability to identify discrepancies, inconsistencies, and process inefficiencies.