Senior Associate

Title: Senior Associate - Internal Audit, Risk Assurance & Compliance
Location:
Thane (but traveling to client site will be required anywhere within and outside Mumbai)

Job Type:
Full-time

Reports to:
Project Lead-in-charge / Partner

Firm Overview
KVAT & Co is a business consulting and auditing firm specializing in corporate governance, risk management, compliance, monitoring services, technology, and training. Established in 2020, the firm has rapidly grown from a pioneering partnership into a robust team of professionals serving clients across diverse industry segments. Our operations have scaled significantly to meet the evolving needs of leading organizations, while our global perspective ensures we deliver solutions aligned with international best practices and regulatory standards.

Job Summary
We are seeking a highly skilled and proactive
Senior Associate
for our
Internal Audit, Risk Assurance, Corporate Governance & Compliance Practice
.

The ideal candidate will have hands-on experience executing internal audits, IFC/ICFR reviews, risk assessments, compliance audits, and governance advisory assignments across
diverse industries
such as manufacturing, retail, technology, services, logistics, healthcare, infrastructure, FMCG, and others.

This role requires strong understanding of internal control systems, enterprise risk management, compliance frameworks, process optimization, and emerging themes such as ESG, technology risk, data governance, and digital transformation.

Key Responsibilities

• Internal Audit & Risk Assurance
• Execute risk-based internal audits, operational audits, and process reviews across business functions such as Finance, Procurement, Sales & Distribution, Supply Chain, HR, IT, and Operations, etc.
• Evaluate internal controls and operational efficiencies across end-to-end processes.
• Perform Internal Financial Controls (IFC/ICFR) testing as per COSO framework and applicable standards.
• Conduct audits related to revenue assurance, inventory management, fixed assets, procurement-to-pay (P2P), order-to-cash (O2C), and record-to-report (R2R), etc.
• Lead audit fieldwork, identify control gaps, map risks, and recommend remediation and process enhancements.
• Develop audit plans, Risk Control Matrices (RCMs), and audit work programs tailored to client requirements.
• Governance, Risk & Compliance (GRC)
• Support clients in strengthening governance frameworks, policies, and compliance processes.
• Assist in drafting and reviewing policies, Delegation of Authority, Risk Management, SOPs, and internal governance charters.
• Conduct compliance audits, regulatory gap assessments, and implementation reviews based on industry-specific regulations, statutory requirements, and internal guidelines.
• Support compliance management framework implementation including compliance mapping, monitoring, reporting, and testing.
• Assist in development and review of Business Continuity Plans (BCP), Disaster Recovery Plans (DRP), and governance structures.
• Enterprise Risk Management (ERM)
• Support clients in establishing or strengthening ERM frameworks aligned with leading practices (COSO ERM, ISO
• Conduct Risk Control Self-Assessments (RCSA), build risk registers, and support Key Risk Indicator (KRI) monitoring.
• Facilitate risk workshops, stakeholder discussions, and reporting to senior management, Audit Committees, and Boards.
• Provide insights across Operational Risk, Strategic Risk, Technology Risk, Compliance Risk, and Financial Reporting Risk.
• ESG, Technology & Emerging Risks
• Participate in ESG readiness assessments, sustainability reporting reviews (e.g., BRSR), materiality assessments, and ESG process audits.
• Assist in technology risk assessments including IT General Controls (ITGCs), cybersecurity, data privacy, and third-party risk assessments.
• Support data analytics-driven audits using tools such as Power BI, SQL, Power Query, and advanced Excel to identify anomalies, trends, and insights.
• Contribute to assignments related to automation, digital transformation, and process re-engineering.
• Reporting, Client Management & Knowledge Building
• Prepare high-quality audit reports, dashboards, presentations, and executive summaries.
• Ensure timely project execution and quality assurance for all deliverables.
• Engage with client stakeholders, business process owners, and senior management throughout engagements.
• Contribute to internal training, thought leadership, and knowledge-sharing initiatives.

Technical Skills

• Internal Audit, Risk-Based Auditing
• IFC/ICFR Testing
• Operational Audits
• Risk Advisory
• Compliance Audits
• ERM Frameworks
• ESG Advisory
• SOX/SOX Readiness (an advantage)

Domain Knowledge

• Understanding of core business processes across industries
• Knowledge of Finance, Operations, Supply Chain, HR, IT, and Corporate Governance frameworks
• Knowledge of statutory regulations such as Companies Act 2013, SEBI/ MCA guidelines, ISO standards, and industry-specific compliance requirements

Regulatory Knowledge

• COSO Framework
• Companies Act 2013
• Applicable industry regulations and standards
• IIA Standards

Tools & Analytics

• Advanced Excel, Power BI, Power Query, SQL
• Data analytics and automation tools (Tableau, ACL/IDEA preferred)
• ERP or audit software experience (SAP, Oracle, Tally, etc.)

Soft Skills

• Strong analytical thinking and problem-solving ability
• Excellent verbal and written communication
• Stakeholder management and client engagement skills
• Team collaboration and leadership ability

Qualifications

• Bachelor's degree in Business Administration, Commerce, Finance, Accounting, or related field.
• 2 to 5 years of experience in internal audit, risk, compliance, or related areas.
• Semi-qualified CA / MBA / B.Com / equivalent with relevant experience.
• Experience in consulting firms preferred.
• Diverse industry exposure is an advantage.

Benefits

• Competitive compensation with performance-linked incentives
• Opportunities for learning, development, and career advancement
• Collaborative and inclusive work environment

CTC

• As per industry standards and candidate experience

Sounds interesting? Send your resume at or DM me

Skills: risk,analytics,process review,process improvement,internal audit,ifc,reporting,observation,compliance,management,recommendation,data,internal financial control,risk assessment,risk management