Head of Internal Audit (Director) - BFSI IA Candidate only - Mumbai

Job Description

Key responsibilities: - Develop, implement, and maintain a robust audit quality assurance program that evaluates the effectiveness of the internal audit function on a regular basis. - Conduct regular assessments of audit work, including reviews of audit plans, working papers, and audit reports, to identify areas of improvement and ensure consistency of audit procedures. - Ensure compliance with relevant auditing standards, regulatory requirements, and internal policies and procedures. - Identify and report opportunities for continuous improvements and enhancements in audit documentation. - Provide training and guidance to audit staff on quality assurance expectations and best practices. - Collaborate with audit track leaders including other internal and external stakeholders to ensure a high quality audit function. - Assist HoIA in the preparation of high quality reports and presentations for management and audit committee. - Manage our co-sourced audit partners and review the quality of their work for feedback and continuous improvement. - Make S.M.A.R.T recommendations to improve internal audit processes, follow-up on recommendations, and escalate when needed to ensure timely closure of assessments. - Assist HoIA to prepare for External Quality Assessments (EQA) to ensure outcomes exceed expectations. What are we looking for? - Bachelor's/masters degree in Accounting, Finance or a related field. - Minimum 12 years of experience in audit quality assurance or a related field, preferably in the financial services or fintech industry. - Strong understanding of accounting principles, auditing standards and internal control frameworks. - Proven ability to lead the quality assurance programs. - Strong understanding of controls and risks. - Excellent written and verbal communication skills. - Strong attention to detail and commitment to quality. - Strong analytical and problem-solving skills. - Proficiency in using audit tools and softwares. - Experience in the fintech industry (preferred). - Certified Internal Auditor or equivalent designation (preferred) Show more Show less