Internal Auditor

Objective: This Position is responsible for assessing and ensuring the effectiveness of the organizations internal controls and compliance with regulatory standards. The role involves conducting audits, identifying potential areas of risk or inefficiency, and providing recommendations to improve business operations and mitigate risks. This position displays high commitment to Company values.

Key Responsibilities:

• Plan, conduct, and manage internal audits for various functions within the organization, functions including finance, operations, compliance, credit, risk management, and more.
• Assess the adequacy, effectiveness, and efficiency of internal controls, ensuring that business operations are in line with company policies and regulatory requirements.
• Identify and evaluate potential risks and inefficiencies in business processes and make recommendations for improvements.
• Perform risk-based audits and continuous monitoring to identify areas that require immediate attention or action.
• Prepare detailed audit reports on findings, identifying non-compliance or areas of concern, and provide actionable recommendations for corrective actions.
• Monitor the implementation of audit recommendations and ensure that corrective measures are taken promptly.
• Evaluate the efficiency and effectiveness of operations to identify process improvements, cost-saving opportunities, and potential areas of operational risk.
• Identify any discrepancies, financial risks, or potential fraud in the financial processes.
• Investigate potential fraudulent activities, irregular transactions, or financial discrepancies within the company's operations.
• Develop and implement strategies to detect and prevent fraud, waste, and abuse within the organization.
• Develop comprehensive audit plans based on risk assessments, company priorities, and regulatory guidelines.
• Ensure audits are conducted according to a pre-established schedule and complete documentation of audit procedures, evidence, and findings.
• Maintain a proper record of audit files and documentation to ensure compliance with company standards and regulatory requirements.
• Evaluate the effectiveness of the company's internal controls and recommend improvements or enhancements to safeguard assets, prevent fraud, and ensure compliance.
• Collaborate with department heads to improve internal processes and implement corrective actions where weaknesses or inefficiencies are identified.
• Promote best practices for internal control and risk management across the organization.
• Present audit findings, concerns, and recommendations to senior management and relevant stakeholders.
• Prepare audit reports, summarizing the audit scope, methodology, findings, and management responses to audit observations.
• Follow up on the implementation of audit recommendations and track progress on resolving identified issues.

Qualifications, Experience and Skills:

• MBA Finance or CA (Chartered Accountant)
• Experience in managing or coordinating internal audits and implementing internal control frameworks.
• In-depth knowledge of auditing techniques, internal controls and financial systems.
• Excellent analytical skills and attention to detail to identify risks and inefficiencies.
• Strong verbal and written communication skills.
• Ability to handle confidential and sensitive information with integrity and discretion.

Personal Attributes:

• High level of integrity, ethics, and professionalism.
• Strong organizational and time-management skills.
• Ability to work independently, cross functional and manage multiple tasks simultaneously.
• Detail-oriented with a focus on accuracy and quality of work.
• Proactive in identifying and addressing issues before they become larger problems.
• Ability to build strong working relationships with various stakeholders.