AGM – Internal Audit

Role

Team Member Internal Audit

Job Level/ Designation

M2/ AGM

Function / Department

Internal Audit

Location

Mumbai – Corporate office

Job Purpose

To perform internal audit reviews as per plan; bring out business insights through systematic review of business processes, systems and structures to provide assurance that Governance and Risk mitigation through embedded Controls is effective and chances of organisation being exposed to unwarranted risks is less.    

Key Result Areas/Accountabilities

Audit execution

• • Take ownership for the execution of audit tracks assigned (out of the annual plan) as per the engagement plan
  • Assist the team leads in preparing detailed Engagement plan for each assigned audit area such that audit outcomes are maximised 
  • Actively participate in all audit commencement discussions; to identify the key focus areas and prepare audit engagement plan (including risk and control matrices) and work program
  • Ensure that sufficient information is identified, analysed, evaluated and recorded to achieve the audit objectives as per engagement plan.
  • Document and test processes and controls as per the broad guidelines in the engagement plan
  • Maintain accurate records to support and satisfy audit trails and ensure sufficient evidence in audit working electronic files
  • Identify significant control weaknesses and audit findings resulting in cost savings, financial exposure, and revenue enhancements
  • Identify instances of absence of process/systems/structure or, design gaps in process/systems/structure highlighted through audit reviews
  • Identify instances of non-quantifiable significant risk exposures or governance failures identified through audit reviews
  • Ensure completion of audits as per budgeted timelines and contribute to achieve function’s target of value added to the business
  • Track management action plans for concluded audits till they are closed; escalate to the supervisor or Head of Internal Audit and to respective Function Heads, actions, which have or are likely to become overdue.

Reporting

• • Prepare audit reports to document the audit findings as per function’s standard template
  • Adhere to agreed timelines for finalisation and submission of draft audit report and address all review comments timely and completely
  • Ensure audit findings are articulated in a crisp, easy to understand manner clearly bringing out control gaps, cause (why they occurred) and their impact on the business

Business / function projects

• • As required, participate, identified projects and deliver on the project objectives (milestones) within agreed timelines.

Audit Plan

• • Suggest themes for inclusion in the half year /annual audit plan and support the supervisor to coordinate with business and obtain relevant information to enable him to complete and submit IA Plan, accurately

Learning and Development

• • Enhance skills and competence through self-study, online courses / training programs (as agreed with the supervisor) which will contribute towards superior work delivery and increased influencing ability

Core Competencies, Knowledge, Experience

Must have hands-on knowledge in conducting internal audit reviews across multiple business areas e.g., Finance, Marketing, Customer Services etc. and a good understanding of internal audit processes and methodologies. He / She must also possess:

1. Critical thinking ability
2. Communication (written and verbal) and Interpersonal skills
3. Achievement orientation
4. Curiosity and zeal to learn new things
5. Ability to deliver assigned activities timely
6. Ability to analyse and interpret volumes of data

Must have technical / professional qualifications

Chartered Accountant and/or MBA or M.Com with good internal audit experience

Additional qualification of DISA /CISA will be preferred

Years of Experience

CA/MBA: 5 to 6 years post qualification (telecom internal audit experience preferred)

M.Com: Internal audit experience of 8-10 years

Direct reports

Nil