Internal Audit Function Professional

Broking Audits:

• Perform audits on broking operations to verify adherence to compliance and regulatory requirements.
• Analyze trading practices, client interactions, and financial reporting to identify potential discrepancies or issues.
• Perform detailed audits of broking activities, including trading practices, client transactions, and account management.
• Evaluate the effectiveness of internal controls and risk management processes related to broking operations.
• Ensure that broking operations adhere to relevant regulations and industry standards, including compliance with financial market regulations and anti-money laundering (AML) requirements.
• Monitor changes in regulatory requirements and update audit practices as needed.
• Analyze transaction records, trade confirmations, and client communications to identify discrepancies, unauthorized activities, or compliance issues.
• Verify the accuracy and integrity of financial reporting related to broking activities.
• Assess the design and effectiveness of internal controls implemented in broking processes.
• Identify control weaknesses or gaps and recommend improvements to enhance operational efficiency and compliance.

Alternative Investment Funds Audits:

• Conduct detailed review and audits of compliance with the SEBI AIF Regulations as well as compliance with the Fund Documents.

Investment Banking Audits:

• Conduct comprehensive audits of investment banking activities, including underwriting and advisory services.
• Evaluate the effectiveness of internal controls and risk management processes.
• Ensure compliance with relevant regulations and industry standards.

Research Analysts Audits:

• Review the methodologies and practices used by research analysts to ensure compliance with ethical standards and regulatory requirements.
• Assess the accuracy and integrity of research reports and recommendations.
• Examine research reports and recommendations for completeness, accuracy, and adherence to ethical guidelines.
• Ensure that research findings are supported by adequate evidence and analysis.
• Verify that research activities comply with relevant regulations, industry standards, and internal policies.
• Monitor changes in regulations and ensure that research practices are updated accordingly.
• Evaluate the effectiveness of internal controls related to research activities.
• Identify any gaps or weaknesses in controls and recommend improvements.

Non- Banking Financial Companies:

• Conduct Statutory, Internal, Compliance and Risk Based Audits of Non-Banking financial services companies.
• The role further would involve conducting process reviews and testing of Internal Financial Controls of the NBFCs. Secretarial Compliance Audits:
• Examine corporate governance practices and secretarial compliance with statutory and regulatory requirements.
• Review board meeting minutes, statutory filings, and other corporate documents to ensure accuracy and completeness.
• Prepare detailed audit reports outlining findings, recommendations, and areas for improvement.
• Maintain comprehensive documentation of audit procedures and results.

HR & Admin Audits:

• Conduct comprehensive audits of HR processes, including recruitment, employee onboarding, performance management, payroll, and benefits administration.
• Assess compliance with labor laws, company policies, and employment regulations.
• Review employee records for accuracy and completeness, and ensure adherence to data protection regulations.
• Evaluate administrative processes, including office management, procurement, and expense management.
• Review compliance with internal controls and organizational policies related to administrative functions.
• Identify opportunities for improving efficiency and effectiveness in administrative operations.
• Assess the design and operational effectiveness of internal controls within HR and administrative functions.
• Identify control weaknesses, compliance issues, and potential risks, and recommend corrective actions.
• Ensure HR and administrative practices comply with relevant regulations, such as labor laws, tax regulations, and company policies.
• Stay updated on changes in regulations and ensure that internal practices are aligned with current requirements.