Manager - Internal Audit

Job Description

About PhonePe Group:

PhonePe is Indias leading digital payments company with 50 crore (500 Million) registered users and 3.7 crore (37 Million) merchants covering over 99 PERCENT of the postal codes across India. On the back of its leadership in digital payments, PhonePe has expanded into financial services (Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is India's first localized App Store. The PhonePe Group is a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

Culture

At PhonePe, we take extra care to make sure you give your best at work, Everyday And creating the right environment for you is just one of the things we do. We empower people and trust them to do the right thing. Here, you own your work from start to finish, right from day one. Being enthusiastic about tech is a big part of being at PhonePe. If you like building technology that impacts millions, ideating with some of the best minds in the country and executing on your dreams with purpose and speed, join us

Job Title: Manager, Internal Audit

Location: Bengaluru, India

Job Role / Responsibilities

• Develop a comprehensive understanding of PhonePes business, systems, and processes.
• Acquire in-depth process understanding for planned audits, including processes, systems involved, data flow, and datasets.
• Evaluate financial, operational, technical, and compliance processes and internal controls, identifying areas of risk and operational process improvement. Validate them against requirements including Financial Reporting standards, policies, and processes.
• Strong understanding of financial risks & respective financial reporting standards and identify risks, evaluate relevant internal controls to mitigate risks and improve financial & operational performance.
• Execute audits from risk assessment, audit planning & scoping to execution & reporting.
• Prepare / review RCMs, process notes, flow charts, and other working papers.
• Drive and understand root cause of the observations and follow the 5 why approach for corrective action plans.
• Prepare comprehensive audit reports, ensuring clarity, accuracy, and adherence to internal reporting standards.
• Facilitate discussions with auditees on audit findings, ensuring a clear understanding of identified issues and recommendations, and report significant issues to senior management.
• Provide timely updates on audits to the Internal Audit head, holding regular meetings with auditees.
• Ensure the overall quality of audit reports and documentation based on methodology.
• Plan resource and budget for audits and lead the audit team.
• Collaborate with cross-functional teams to implement corrective actions and enhance internal controls.
• Stay updated on industry regulations, best practices, and emerging trends.
• Work collaboratively in a fast-paced, multi-dimensional team to ensure timely completion of projects.
• Handle Internal Audit organizational activities, including budgeting, risk assessment, and external stakeholder management.
• Conduct periodic follow-ups with auditees to monitor the timely and effective implementation of management action plans.
• Drive planning, design, and implementation of audit analytics in projects. Understand existing datasets, DBs, and good understanding of data quality; ability to test/validate accuracy, completeness, and usability of data.
• Collaborate with business partners and 2nd LOD functions to understand data architecture and help identify the most suitable source of data for audit purposes.
• Demonstrate good understanding of data governance processes, practices, policies, and guidelines.
• Execute Internal Audit fieldwork based on acquired process and data understanding.

Essential Skills/Qualifications

• Min 7 years of post-qualification experience in internal audit and/or Statutory audit.
• Chartered Accountant or equivalent qualification.
• Sound understanding of control environment, compliance, and risk frameworks.
• Sound understanding of financial reporting frameworks and key accounting ERPs.
• Excellent written and verbal communication skills.
• Strong problem solving and analytical skills.
• Ability to work in a fast-paced role with competing priorities. Adaptable to project requirements and does what is required to get the job done.
• Demonstrate ability for seamless execution, continuous improvement, and problem solving.

Preferred Skills & Qualification

• Experience in Financial internal audits and/or Statutory Audits with Big4 or organizational risk and control functions.
• Prior industry experience.
• Experience in Accounting software such as Oracle, SAP and Microsoft Dynamics etc.
• Data Analytics Skill sets such as SQL, Python, Qliksense.
• Build SQL scripts and perform data analysis to create valuable insights to aid Internal Audits.
• Review quantitative analysis that translates data into actionable insights.
• Experience in analyzing very large, complex, multi-dimensional data sets for risks and issue trends.

PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)

• Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
• Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System
• Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
• Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy
• Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment
• Other Benefits - Higher Education Assistance, Car Lease, Salary Advance Policy

Working at PhonePe is a rewarding experience Great people, a work environment that thrives on creativity, the opportunity to take on roles beyond a defined job description are just some of the reasons you should work with us. Read more about PhonePe on our blog.

Additional Links

• Life at PhonePe
• PhonePe in the news

Locations: Bangalore

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