Internal Audit Manager

Job Description

Title: Internal Audit - Manager / Sr Manager Location: Lower Parel, Mumbai Experience Required: 7-14 Years Qualification: CA (Mandatory) CIA, CISA, CPA (Preferred) Position Summary: The Job Holder is responsible for leading and executing comprehensive audit engagements across business units to evaluate the effectiveness of internal controls, risk management practices, and compliance with company policies and regulatory requirements. This role involves conducting detailed risk assessments, analyzing financial and operational data, and identifying control weaknesses or inefficiencies. The job holder will provide clear, actionable recommendations to enhance internal processes, mitigate risks, and drive operational improvements. Working closely with cross-functional teams and senior management, the Senior Internal Auditor will serve as a strategic advisor on matters related to internal controls, compliance, and corporate governance, while ensuring timely follow-up and implementation of audit findings. Roles and Responsibilities: ● Develop and Execute Audit Plans: Create and implement comprehensive internal audit plans to evaluate the effectiveness of internal controls, risk management processes, and compliance with policies and regulations. ● Conduct Risk Assessments: Identify areas of potential risk and vulnerability, and develop strategies to mitigate risks and strengthen controls. ● Perform Audits: Conduct internal audits of business operations, processes, and functions to evaluate the adequacy and effectiveness of internal controls and compliance with policies and procedures. ● Review Financial Statements: Analyze financial statements, accounting records, and other financial documents to ensure accuracy, completeness, and compliance with regulatory requirements. ● Identify Irregularities: Analyze data, trends, and patterns to identify irregularities, discrepancies, and potential fraud or misconduct, and make recommendations for corrective action. ● Document Findings: Prepare detailed audit reports, documenting findings, observations, and recommendations, and communicate these to management and stakeholders. ● Collaborate with Management: Work with management to develop action plans and remediation measures to address audit findings and improve internal controls and processes. ● Monitor Implementation: Follow up on the implementation of audit recommendations and corrective actions to ensure timely resolution and effectiveness. ● Provide Advisory Services: Offer advisory and consulting services to management on internal control best practices, risk management strategies, and process improvements. ● Stay Updated: Keep abreast of regulatory changes, industry trends, and best practices in internal audit, risk management, and corporate governance. ● Coordinate with External Auditors: Liaise with external auditors and regulatory agencies as needed to support external audits and regulatory inspections. ● Participate in Special Projects: Engage in special projects, investigations, and initiatives as assigned by management or senior leadership. Knowledge: ● Deep understanding of internal audit principles, practices, and standards (e.g., IIA Standards). ● Strong knowledge of risk management frameworks (e.g., COSO, ISO 31000). ● Accounting principles and financial reporting standards (e.g., GAAP, IFRS). ● Regulatory and compliance requirements relevant to the industry. ● Business operations, corporate governance, and control environments. ● Fraud detection methodologies and forensic auditing techniques. ● IT general controls and understanding of audit tools/software. ● Internal control frameworks and process improvement methodologies. ● Data analysis and interpretation techniques. Skills: Strong analytical skills, attention to detail, excellent communication and interpersonal skills, and a commitment to upholding the highest standards of integrity and compliance. Interested candidates kindly share your updated resume on odette@adeptglobal.com Show more Show less