Lead - Corporate Audit Services

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 theme / plan. Also contribute in AOP plans for group companies.
 Assist in preparation of presentation of AOP to SMTs, MD & audit committee
 After getting approval from the Board, follow the month wise audit plan.

2. Audit execution
 Contribute in engaging with the business stakeholders and discuss scope ahead of the audit. Take their inputs in creating the pre-audit Management Awareness and Audit Score (MAAS) scorecard.
 In discussion with business stakeholders, finalise the scope and areas of the audit under the guidance of National Lead. Define the audit review approach. Articulate the data requirements & BIU report requests. Ensure that right data is sought upfront.
 Review & cover specific processes such as sourcing, underwriting, operations, collections, IT Linkage, Finance linkage, compliance & outsourcing. During the review, identify process gaps, areas of duplication, redundancy, process simplification, errors & possible fraud risks, regulatory non-compliance & financial reporting improvements.
 Execute above areas under the guidance of National Lead for conducting the audit fieldwork.
 Prepare draft audit report with key observations and recommendations for improvement.
 Conduct post audit review meetings with the business stakeholders and agree to the draft responses. Partner with business team to define the Corrective Action and Preventive Action for the recommendations.

3. 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 MD review need based & assist in preparing for relevant sections of audit report for MD presentation.
 Assist in preparing the final audit report for the Audit Committee. Participate in the presentation to audit committee; respond to queries and provide necessary clarifications.

4. 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.

5. Team Management and Coaching
 Participate in team activities around technical & soft skills enhancementRequired Qualifications and Experience
a) Qualifications
 Minimum Qualification: CA
b) Work Experience
 Exposure to internal/Statutory/Compliance audits
 Should be with a bright academic record or have worked with Big 4 firms / reputed companies.
 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.

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