Internal Auditor

This role is for one of the Weekday's clients

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

Min Experience: 4 years

Location: mumbai

JobType: full-time

Requirements

Key Responsibilities

1. 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.

2. Audit Execution

• 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.

3. Communication & Reporting

• 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.

4. People Development

• 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.

5. Tools & Technology

• 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