AGM – Internal Audit

Role

Internal Auditor

Job Level/ Designation

M2 / AGM

Function / Department

Internal Audit

Location

Corporate (Mumbai)

Job Purpose

Support the Internal audit function to provide the management, a risk based independent and objective assurance of the effectiveness of the management’s internal controls. Undertake risk based audit activities to identify control weaknesses and make recommendations to mitigate related risks.

Key Result Areas/Accountabilities

Impact to the business:

1. Audit Plan Delivery: Executing each assigned audits in accordance with the IA guidelines and methodology. This requires:
   • Understand and assess the risk of the relevant processes
   • Support the audit lead in designing of effective engagement plan (including risk and control matrix, process flow diagram), in such a manner that audit outcomes are maximised
   • Responsible for the execution and completion of the assigned audit as per the finalised engagement plan within agreed timeliness
   • Exercises appropriate judgment when quantifying the significance of risks and the effectiveness of compensating or mitigating controls
   • Ensuring that sufficient information is identified, analysed, evaluated and recorded to achieve the audit objectives
   • Document and test processes and controls as per the broad guidelines in the engagement plan
   • Identify and timely reporting of 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
   • Preparation and consolidation of all audit observations in the audit report within agreed timeliness
   • Addressing process gaps/process improvements through practical and sharp audit recommendation based on detailed root cause analysis
   • Maintain accurate records to support and satisfy audit trails
   • Ensure sufficient evidence in audit working papers and file
   • Ensure that the internal audit activity maintains its independence and objectivity
2. Action Taken Report Tracking:
   • Coordinate with the management to ascertain progress of the action plans defined according to the auditing results. 
   • Provide periodic updates on the status of the open audit recommendations.
3. Audit plan preparation:      

• Support the Audit Team Lead to coordinate with business and obtain relevant information to complete and submit the Internal Audit Plan for the next year.

Teamwork:

Assist the Supervisor /Head in any matters relevant to run the IA team

1. Undertake activities as suggested by the supervisor or the head.

Contribute to department initiatives and ensure implementation.

Learning and Development:

Building skills and competence

1. Enhance skills and competence and improve knowledge of the professional and technical developments, business, systems and IT applications.

Communication:

Communicate with the business

1. Pro-actively develop relationships with key stakeholders to enable positive acceptance of audit results and outcomes.
2. Maintain a good rapport with the senior management.

Core Competencies, Knowledge, Experience

Professional Expertise

1. Have general auditing skills and understanding of financial, process and risk management frameworks.

Communication                                 

2. Good interpersonal and communication skills.
3. Can interact with the business team clearly and unambiguously.
4. Can present the issues in a clear manner.

Writing Skills                                      

1. Good report writing skills which clearly articulates the observation, its impact on the business and sharp audit recommendations based on detailed root cause analysis.

Problem Identification and solution      

1. Analyse process to identify process gap or control improvements
2. Measure the efficiency and effectiveness of business processes
3. Suggest a practical recommendation to mitigate the risk or address the process gap
4. Identify ideas that can be applied to improve or simplify the business processes

Time Management                           

1. Completes tasks and assigned audits timely and completely

Must have technical / professional qualifications

1. Chartered Accountant and/or MBA with approximately 6 to 8 years of post-qualification experience in internal audits and Risk Management. Persons with additional DISA/CISA qualification would be preferred.
2. Preference will be given to person with experience in Telecom Industry, or in consulting firms.

Years of Experience

6 to 8 years

Direct reports

None