Deputy Unit Manager

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.