Internal Audit Lead

2 weeks ago


Mumbai, Maharashtra, India IIFL Securities Full time

Job Summary

As the Head - Internal Audit at IIFL Securities, you will be responsible for performing and controlling the full audit cycle, including risk management and control management over operations' effectiveness, financial reliability, and compliance with all applicable directives and regulations.

Key Responsibilities

- Determine internal audit scope and develop annual plans to ensure alignment with the company's objectives.

- Obtain, analyze, and evaluate accounting documentation, previous reports, data, flowcharts, and other relevant information to identify areas for improvement.

- Prepare and present reports that reflect the audit's results and document the process to ensure transparency and accountability.

- Act as an objective source of independent advice to ensure the validity, legality, and goal achievement of the company's operations.

- Identify loopholes and recommend risk aversion measures and cost savings to enhance the company's overall performance.

- Maintain open communication with management and the audit committee to ensure that all stakeholders are informed and aligned with the audit's findings and recommendations.

- Document the process and prepare audit findings memoranda to facilitate decision-making and implementation of recommendations.

- Conduct follow-up audits to monitor management's interventions and ensure that recommendations are implemented effectively.

Requirements

- Strong knowledge of risk management, control management, and internal audit principles and practices.

- Excellent analytical, communication, and interpersonal skills to effectively collaborate with stakeholders and present audit findings.

- Ability to work independently and as part of a team to achieve audit objectives.

- Strong attention to detail and organizational skills to manage multiple tasks and deadlines.

- Continuous knowledge development regarding sector's rules, regulations, best practices, tools, techniques, and performance standards.


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