Internal Audit Function

Hiring for one of the leading CA Firm - Mumbai

Job Overview:

We are seeking an experienced and detail-oriented auditor to join our team with a focus on various kinds of Internal Audits. The ideal candidate will have a strong background in Industries viz,. Stock Borker, investment banking, Portfolio Management, NBFCs, Private Equity who can carry out various audits and assurance functions viz, Borking operation audit, Research analyst and Investment Advisors audits, Mutual Fund, RTA and Custody audits, RBI Regulatory compliance audit, secretarial compliance audits, HR and Administration audits, Internal Audit required to be carried out as per Companies Act 2013 and IFC audits etc. This role is critical in ensuring that our operations adhere to regulatory standards and internal policies, and that our financial practices are transparent and accurate.

Key Responsibilities and experience required for various audits:

Broking Audits:

➢ Perform audits on broking operations to verify adherence to compliance and regulatory requirements.

➢ Analyze trading practices, client interactions, and financial reporting to identify potential

discrepancies or issues.

➢ Perform detailed audits of broking activities, including trading practices, client transactions, and

account management.

➢ Evaluate the effectiveness of internal controls and risk management processes related to broking operations.

➢ Ensure that broking operations adhere to relevant regulations and industry standards, including

compliance with financial market regulations and anti-money laundering (AML) requirements.

➢ Monitor changes in regulatory requirements and update audit practices as needed.

➢ Analyze transaction records, trade confirmations, and client communications to identify

discrepancies, unauthorized activities, or compliance issues.

➢ Verify the accuracy and integrity of financial reporting related to broking activities.

➢ Assess the design and effectiveness of internal controls implemented in broking processes.

➢ Identify control weaknesses or gaps and recommend improvements to enhance operational efficiency and compliance.

Alternative Investment Funds Audits:

➢ Conduct detailed review and audits of compliance with the SEBI AIF Regulations as well as

compliance with the Fund Documents.

Investment Banking Audits:

➢ Conduct comprehensive audits of investment banking activities, including underwriting and advisory services.

➢ Evaluate the effectiveness of internal controls and risk management processes.

➢ Ensure compliance with relevant regulations and industry standards.

Research Analysts Audits:

➢ Review the methodologies and practices used by research analysts to ensure compliance with ethical standards and regulatory requirements.

➢ Assess the accuracy and integrity of research reports and recommendations.

➢ Examine research reports and recommendations for completeness, accuracy, and adherence to

ethical guidelines.

➢ Ensure that research findings are supported by adequate evidence and analysis.

➢ Verify that research activities comply with relevant regulations, industry standards, and internal

policies.

➢ Monitor changes in regulations and ensure that research practices are updated accordingly.

➢ Evaluate the effectiveness of internal controls related to research activities.

➢ Identify any gaps or weaknesses in controls and recommend improvements.

Non- Banking Financial Companies:

➢ Conduct Statutory, Internal, Compliance and Risk Based Audits of Non-Banking financial services companies.

➢ The role further would involve conducting process reviews and testing of Internal Financial Controls of the NBFCs.

Secretarial Compliance Audits:

➢ Examine corporate governance practices and secretarial compliance with statutory and regulatory requirements.

➢ Review board meeting minutes, statutory filings, and other corporate documents to ensure accuracy and completeness.

➢ Prepare detailed audit reports outlining findings, recommendations, and areas for improvement.

➢ Maintain comprehensive documentation of audit procedures and results.

HR & Admin Audits:

➢ Conduct comprehensive audits of HR processes, including recruitment, employee onboarding,

performance management, payroll, and benefits administration.

➢ Assess compliance with labor laws, company policies, and employment regulations.

➢ Review employee records for accuracy and completeness, and ensure adherence to data protection regulations.

➢ Evaluate administrative processes, including office management, procurement, and expense

management.

➢ Review compliance with internal controls and organizational policies related to administrative

functions.

➢ Identify opportunities for improving efficiency and effectiveness in administrative operations.

➢ Assess the design and operational effectiveness of internal controls within HR and administrative functions.

➢ Identify control weaknesses, compliance issues, and potential risks, and recommend corrective

actions.

➢ Ensure HR and administrative practices comply with relevant regulations, such as labor laws, tax

regulations, and company policies.

➢ Stay updated on changes in regulations and ensure that internal practices are aligned with current requirements.

Skills required from the candidate:

➢ Specific experience in NBFC, Broking, Investment baking field

➢ Work closely with internal teams, management, and external regulators to address audit findings and implement corrective actions.

➢ Prepare detailed audit reports outlining findings, recommendations, and action plans.

➢ Should have experience using the Data Analytics CAAT tools such as Power Bi, IDEA Software,

Tableu etc.

➢ Should be willing to travel anywhere within city and at times on need based outstation as well

➢ Inquisitive approach towards all assignments

➢ Proficiency in audit methodologies, risk assessment, and regulatory requirements and report writing

➢ Ability to work independently and as part of a team in a fast-paced environment and upscale team approach.

Qualifications:

➢ Bachelor& or Master’s degree in Finance, Accounting, Business Administration, B Tech or a related field; or any relevant course in data analytics

➢ Qualified person – CA, CPA, MBA, LLB, CFA

➢ Minimum of 2 years of experience in auditing within the investment banking, broking, or financial services sectors.

➢ Preferred DISA/CISA qualified and has passed out NISM certification course.