Deputy Unit Manager - Corporate Audit Services

Job Purpose

To act as a key team member of the Corporate Audit Services (CAS). Ensure contribution in planning, scoping & execution given areas of business/function reviews covering Process controls, IT controls, Compliance & Finance linkage. Frame the audit observations citing process gaps, simplification & value addition. Discuss the audit observations & obtain preliminary audit responses under the supervision of National Leads. Additionally, contribute to team activities such as Documentation, knowledge sharing & keeping updated with organizational development.

Duties and Responsibilities

1.Planning Contribute to CAS AOP process. CAS presents new theme every year for AOP. AOP includes mission statement, org structure, capacity planning, theme & detailed area coverage, calendar. Explore & participate in standardizing plan. Also contribute in AOP Priorities / ProjectsAfter getting approval from the Board, follow the month wise audit plan.

2.Audit support & executionAssist in planning and executing concurrent audits of financial and operational processes

• Review critical fields availability and accuracy in customer loan collaterals on a set frequency
• Review KYC documents, PAN/Form 60 including customer photo availability in BFL system Verification of KYC documents submitted during onboarding by customer Review data submission to Bureau, UCIC creation process, Claim submission for govt. schemes etc. Co-ordination with Sumasoft vendor for Image based checking and with Ops for observations closure Execute above areas under the guidance of National Lead for conducting the audit fieldwork. Prepare draft audit report with key observations and share with auditee within agreed timelines
• Conduct meetings with the business stakeholders with weekly/fortnightly/monthly frequency and define the Corrective Action and Preventive Action for observations shared

3.Documentation & Reporting

• Prepare and maintain audit work papers and evidence
• Maintaining Input/Output tracker & MIS for sample data sharing with Sumasoft Use standardized formats & Templates for documentation and timely upload in audit system
• Update Tracker as per agreed format within agreed timeline

4.Audit presentation and review

Prepare draft audit observations for the audit report. Work under supervision of National Leads to compile the observations with appropriate drafting, backup & data support. Obtain first level audit responses. Attend the Steering Committee meeting/ MD review need based & assist in preparation of audit report

5.Capability enhancement

Remain updated with latest BFSI, Accounting, technology, Fintech & compliance related developments. Also Stay updated and aware of any changes in internal business processes/ practices; ensure that these are factored into the audit frameworks.

6.Team Management and Coaching

Participate in team activities around technical & soft s enhancement

Key Decisions / Dimensions

Specific area prioritization during field work in terms of what areas to focus on and what testing approach to be used.Deciding the approach for data analysis; what sample size to take and how to analyze the data.

Required Qualifications and Experience

Qualifications

Minimum Qualification: CA Inter/ M.COM/ B.COMb)

Work Experience

Minimum 3-4 years of experience (with Big 4 firms / reputed companies- BFSI)Strong acumen to analytical s, process approach, out of box thinking, interpersonal communication and ability to assess the processes in light of the business impact.