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 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 systemUpdate 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 Experiencea)

Qualifications - a. 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.