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 & execution Assist in planning and executing concurrent audits of financial and operational processes Review critical fields availability and accuracy in customer loan collaterals on a set frequencyReview 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 timelinesConduct meetings with the business stakeholders with weekly/fortnightly/monthly frequency and define the Corrective Action and Preventive Action for observations shared

3.Documentation & ReportingPrepare 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 systemUpdate Tracker as per agreed format within agreed timeline

4.Audit presentation and reviewPrepare 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 CoachingParticipate 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.

Major Challenges

• BFL is a fast-paced growing organization with 40+ product pool.
• The business processes are changing at a very fast pace, so it is important to keep oneself updated and in fact, try to think ahead of the business.
• External world around compliance requirements & Fintech / technology is growing & changing rapidly.
• The modern technologies are complex & integrated.
• Need to stay focused on business & IT impact during the reviews on any of the blind spots / broken chains in the same.

Required Qualifications and Experience

a) Qualifications Minimum Qualification: CA Inter/ M.COM/ B.COM

b)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.