4 Functional Audit Jobs

As the Audit Manager at Muthoot Fincorp Ltd (MFL), your key responsibility is to effectively manage the audit universe, audit plans, scope, and charter. This involves identifying and maintaining a detailed audit universe covering all auditable entities and processes within the organization. You will regularly update the audit universe to reflect changes in the organization's operations, risk landscape, and regulatory requirements. Additionally, you will define and refine audit scopes at annual, half-yearly, and quarterly intervals to ensure a focused approach to addressing key risks and compliance requirements. It is crucial to oversee the overall management and control of the internal audit functions of MFL and ensure that audits are conducted in accordance with the approved audit plans, scope, and charter. Regarding branch audit management, you will develop and implement a comprehensive branch audit plan for MFL, ensuring timely completion of branch audits. You will oversee field functionaries, conduct snap audits and surprise audits as needed, and lead thorough investigations of fraud and serious incidents. Coordinating periodic risk assessments, compliance tests, and process audits are essential to uphold organizational standards. Tracking and monitoring the progress of branch audits through a robust review mechanism using MIS and virtual meetings is also part of your responsibilities. In functional audit management, you will design and implement functional, process, and management audit programs aligned with organizational goals. This includes developing detailed audit plans, schedules, and resource allocation for effective execution. Conducting functional audits following a structured approach to evaluate processes and controls effectively is crucial. It involves analyzing data to uncover trends and critical issues, sharing draft reports with stakeholders, and finalizing reports with actionable recommendations. You will also be responsible for NBPS audit management, centralized audit management, SULB audit management, IS audit management, external internal audit management, gold inspection management, compliance, and quality assurance. Ensuring compliance with regulatory guidelines, conducting quality assurance checks, and providing specialized compliance reporting are key aspects of your role. Your key interactions will involve internal stakeholders such as board members, senior management, functional heads, legal, audit committee of the board, chief compliance officer, zonal audit head, risk management team, and operations. External stakeholders include external auditors, regulatory authorities, vendors, compliance bodies, statutory auditors, investors, and shareholders. Key decisions you will be responsible for include ensuring the thorough review and validation of various audits, making final decisions on risk gradation, reviewing findings from investigations, deciding on the need for surprise audits, selecting audit team resources, conducting compliance testing, and recommending external audit vendors. The ideal candidate for this role should have a postgraduate degree in any discipline with at least 20+ years of experience in banking, NBFC, financial, or insurance sectors. Membership in professional bodies like IIB&F, ICAI, ICMAI, or ICSI is preferable.,

Job Description: To lead a Team within the Internal Audit Department. Part of Team Handling Branch Audits. Plan and Execute the audits in accordance to Internal Audit Plan. Review the work done by the branch audit team members and guide the team accordingly. Prepare Audit Report, Liaise with department officials for Response, Track for compliance as part of Action Taken Report. Prepare the Audit Committee related papers and ensure adherence to timelines and quality. Use Data Analytics as part of Audit. Execute any other audit as assigned.

Responsibility to conduct audit as per the audit plan ensuring compliance with established internal control procedures by examining records, reports, operating guidelines and documentation. Auditor will be responsible for execution of Thematic as well as Branch Audits ensuring compliance with regulatory requirements, and adherence to company policies. Key Responsibilities: Audit Execution: Conducting audits to assess controls, operational efficiencies and compliance with policies, procedures and regulation. Detecting ineffective or inefficient practices and verifying financial records. Understand existing processes and evaluate the internal controls in those processes and provide assurance on the control environment. Audit Findings and Reporting: Prepare audit checklist and perform field work of auditable areas. Ensure the timely and accurate completion of the audits. Prepare detailed audit reports with findings, risk ratings, and actionable recommendations. Monitor implementation of audit recommendations and follow up on corrective actions. Collaboration: Interaction with stakeholders to discuss audit findings and recommendations for closure of audits in timely manner. Plan and conduct risk-based audits of branch operations, credit, collections, customer service and KYC/AML compliance. Prepare detailed audit reports with findings, risk ratings, and actionable recommendations. Identify fraud risks and conduct investigations when irregularities are detected Qualifications & Skills: Education Qualification: Qualified CA/MBA or CA Intermediate with minimum 6+ years of experience in BFSI Audit Strong understanding of NBFC regulations, lending operations, and branch processes. Excellent analytical, communication, and report-writing skills. Ability to travel extensively to conduct branch audits Familiarity with audit software/tools and MS Office suite

Dear Candidate, Greetings from SBFC Ltd !! We have opening for the role Internal Auditor Location - Andheri (JB Nagar) Roles and Responsibilities Conduct internal audits, process audits, and reviews to identify areas of improvement in business processes, operations, and controls. Develop and implement effective auditing strategies to ensure compliance with regulatory requirements and company policies. Collaborate with cross-functional teams to design and execute audit plans, including risk assessment, identification of control gaps, and development of recommendations for remediation. Provide expert advice on process improvements, risk management, and corporate governance best practices to stakeholders at all levels within the organization. Ensure timely completion of assigned audits while maintaining high-quality standards. Desired Candidate: Candidate should have experience into functional audit Candidate from NBFC, Banking industry would have an added advantage Interested candidates please share the updated resume at Karishma.singh@sbfc.com Thanks & Regards, Karishma Singh