Deputy Unit Manager

Deputy Unit Manager - Corporate Audit Services About The Role

Deputy Unit Manager - Corporate Audit Services

Job Purpose

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

Duties and Responsibilities- Planning
- Contribute to CAS AOP process. CAS presents a new theme every year for AOP, which includes mission statement, organizational structure, capacity planning, theme and detailed area coverage, and calendar.
- Explore and participate in standardizing theme/plan. Also contribute to AOP plans for group companies.
- Assist in preparation of AOP presentations to SMTs, MD, and audit committee.
- After Board approval, follow the month-wise audit plan.
- Audit Execution
- Engage with 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, finalize the scope and areas of the audit under the guidance of National Lead. Define the audit review approach and articulate data requirements and BIU report requests. Ensure correct data is sought upfront.
- Review and cover specific processes such as sourcing, underwriting, operations, collections, IT linkage, finance linkage, compliance, and outsourcing.
- During the review, identify process gaps, duplication, redundancy, process simplification, errors, possible fraud risks, regulatory non-compliance, and financial reporting improvements.
- Execute above areas under the guidance of National Lead for conducting audit fieldwork.
- Prepare draft audit report with key observations and recommendations for improvement.
- Conduct post-audit review meetings with business stakeholders and agree to the draft responses. Partner with business team to define Corrective Action and Preventive Action for the recommendations.
- 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, and data support. Obtain first-level audit responses.
- Attend MD review as needed and assist in preparing 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.
- Capability Enhancement
- Remain updated with latest BFSI, accounting, technology, fintech, and compliance-related developments.
- Stay updated and aware of any changes in internal business processes/practices; ensure that these are factored into the audit frameworks.
- Team Management and Coaching
- Participate in team activities around technical and soft s enhancement.

Required Qualifications and Experience- Qualifications: Minimum QualificationCA
- Work Experience:
- Exposure to internal, statutory, or compliance audits.
- Should have a strong academic record or have worked with Big 4 firms or reputed companies.
- Strong analytical s, process approach, out-of-box thinking, interpersonal communication, and ability to assess processes in light of business impact.