Deputy Unit Manager

Job Description

JOB DESCRIPTION Job Purpose

To act as a key team member of the Corporate Audit Services (CAS). Ensure contribution in planning, scoping & execution given areas of business/function reviews covering Process controls, IT controls, Compliance & Finance linkage. Frame the audit observations citing process gaps, simplification & value addition. Discuss the audit observations & obtain preliminary audit responses under the supervision of National Leads. Additionally, contribute to team activities such as Documentation, knowledge sharing & keeping updated with organizational development.

Duties and Responsibilities

1. Planning

   • Contribute to CAS AOP process. CAS presents new theme every year for AOP. AOP includes mission statement, org structure, capacity planning, theme & detailed area coverage, calendar.
   • Explore & participate in standardizing plan. Also contribute in AOP Priorities / Projects.
   • After getting approval from the Board, follow the month wise audit plan.

2. Audit support & execution

   • Assist in planning and executing concurrent audits of financial and operational processes.
   • Review critical fields availability and accuracy in customer loan collaterals on a set frequency.
   • Review KYC documents, PAN/Form 60 including customer photo availability in BFL system.
   • Verification of KYC documents submitted during onboarding by customer.
   • Review data submission to Bureau, UCIC creation process, Claim submission for govt. schemes etc.
   • Co-ordination with Sumasoft vendor for Image based checking and with Ops for observations closure.
   • Execute above areas under the guidance of National Lead for conducting the audit fieldwork.
   • Prepare draft audit report with key observations and share with auditee within agreed timelines.
   • Conduct meetings with the business stakeholders with weekly/fortnightly/monthly frequency and define the Corrective Action and Preventive Action for observations shared.

3. Documentation & Reporting

   • Prepare and maintain audit work papers and evidence.
   • Maintaining Input/Output tracker & MIS for sample data sharing with Sumasoft.
   • Use standardized formats & templates for documentation and timely upload in audit system.
   • Update Tracker as per agreed format within agreed timeline.

4. Audit presentation and review

   • Prepare draft audit observations for the audit report. Work under supervision of National Leads to compile the observations with appropriate drafting, backup & data support. Obtain first level audit responses.
   • Attend the Steering Committee meeting/ MD review need based & assist in preparation of audit report.

5. Capability enhancement

   • Remain updated with latest BFSI, Accounting, technology, Fintech & compliance related developments. Also stay updated and aware of any changes in internal business processes/ practices; ensure that these are factored into the audit frameworks.

6. Team Management and Coaching

   • Participate in team activities around technical & soft skills enhancement.

Key Decisions / Dimensions

• Specific area prioritization during field work in terms of what areas to focus on and what testing approach to be used.
• Deciding the approach for data analysis; what sample size to take and how to analyze the data.

Major Challenges

• BFL is a fast-paced growing organization with 40 product pool. The business processes are changing at a very fast pace, so it is important to keep oneself updated and in fact, try to think ahead of the business.
• External world around compliance requirements & Fintech / technology is growing & changing rapidly. The modern technologies are complex & integrated. Need to stay focused on business & IT impact during the reviews on any of the blind spots / broken chains in the same.

Required Qualifications and Experience

a) Qualifications

• Minimum Qualification: CA Inter/ M.COM/ B.COM

b) Work Experience

• Minimum 3-4 years of experience (with Big 4 firms / reputed companies- BFSI).
• Strong acumen to analytical skills, process approach, out of box thinking, interpersonal communication and ability to assess the processes in light of the business impact.

Locations - BASIC SECTION

Job Level
GB03

Job Title
Deputy Unit Manager - Corporate Audit Services, Corporate Audit Services, Corporate Audit Services

Job Location
Country: India
State: MAHARASHTRA
Region: West
City: Pune
Location Name: Pune Corporate Office - Fountainhead
Tier: Tier 1

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