Internal Auditor

4 years

15 - 25 Lacs

Posted:1 week ago| Platform: Linkedin logo

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Work Mode

On-site

Job Type

Full Time

Job Description

This role is for one of the Weekday's clients

Salary range: Rs 1500000 - Rs 2500000 (ie INR 15-25 LPA)

Min Experience: 4 yearsLocation: mumbaiJobType: full-time

Requirements

Key Responsibilities

2.Audit Execution

3.Communication & Reporting

4.People Development

5.Tools & Technology

  • Audit Planning
  • Contribute to risk-based audit planning in accordance with the organization's Risk-Based Internal Audit (RBIA) policy.
  • Evaluate inherent and control risks linked to branch operations.
  • Plan branch audits in line with internal audit standard operating procedures (SOP).
  • Define audit scope, estimate resource requirements, and propose operating expenditure (Opex) for review and approval by audit leadership.
  • Develop and maintain a Risk Control Matrix (RCM) within audit systems and obtain necessary approvals.
  • Lead and manage on-site execution of branch audits, ensuring strict compliance with audit SOPs and RBIA guidelines.
  • Perform key audit activities including:
    • Data gathering and process walkthroughs.
    • Process documentation and mapping.
    • Compliance reviews against internal policies and external regulations.
    • Creation of process flowcharts for business process visualization.
    • Risk assessment and root cause analysis of control gaps or incidents.
  • Conduct half-yearly risk assessments for branches nationwide using structured risk parameters.
  • Utilize data from various sources to perform analytics and trend analysis to support audit observations.
  • Evaluate the design and operational effectiveness of internal controls.
  • Maintain thorough workpaper documentation in internal audit systems.
  • Uphold quality standards as defined in the Internal Audit Quality Assurance and Improvement Program (QAIP).
  • Prepare and finalize audit observations with risk classification and present findings for reporting purposes.
  • Discuss and validate audit observations with auditees to ensure accuracy and clarity.
  • Ensure all findings are well-documented and supported by appropriate evidence.
  • Coordinate follow-ups to monitor the timely implementation of audit recommendations.
  • Provide consistent updates on audit progress, findings, and quality indicators to relevant internal stakeholders.
  • Maintain open and effective communication with cross-functional teams and stakeholders.
  • Actively participate in internal training and development programs.
  • Maintain and renew relevant professional certifications.
  • Pursue continuous learning in audit practices, industry regulations, and internal systems and products.
  • Work efficiently with audit management systems and data analytics tools such as IDEA.
  • Utilize internal tools and platforms following training and best practices.

Key Skills:

  • Internal Audit
  • Risk-Based Auditing
  • Compliance and Regulatory Knowledge
  • Data Analysis
  • Process Mapping
  • Root Cause Analysis

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