Job
Description
Job Purpose: The purpose of this role is to develop and manage execution of the Audit Strategy and Plan for Aditya Birla Capital Digital Limited covering all the key areas the Information System Audits (IS Audits) and corporate audits including risk management. Working under applicable guidelines of RBI, SEBI, IRDA, NPCI, ICAI, IIA etc., for best practices and methodology, including end to end management from right resourcing, selection of partner firm (if required), scoping, monitoring, management discussions and reporting. Implement a comprehensive automation plan for internal audit checks on frequent basis, codified with data extracts being used for predefined triggers through appropriate software Preferred candidate profile Organizational Context - ABC Digital has been incorporated as a wholly owned subsidiary of Aditya Birla Capital in 2023 to engage in distribution of Aditya Birla Capital products and providing services to customers, including web-based services, e-commerce, and payments facilities and allied activities. - ABC Digital is developing an omni-channel based D2C platform (website and app) to acquire new customers and serve them seamlessly. In addition, ABC Digital has started a virtual engagement management through inbound and outbound calling. Also, ABC Digital is engaged in cross-selling different ABC products to walk-in branch customers. - ABC Digital is collaborating with all ABCL subsidiaries to deliver a truly personalized and seamless omni-channel experience for both new and existing customers by building capacity and enhancing productivity through investments in talent, technology, marketing, and data and analytics. Qualification: CISA/ CA / MBA with relevant experience Skills: The primary function of the role will be to develop and manage the audit strategy and plan for proactively and qualitatively conducting the corporate functions audits across the corporate, risk management and control Key Result Areas : Development of Audit Strategy and Plan Develop audit strategies for identification and assessment of various risks Information Technology (IT) Infrastructure, Information Security and IT Applications Audits and in corporate, risk management and control functions including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc. Develop audit plans based on risk assessment and regulatory framework; ensure use of advanced integrated auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives Develop specialized audit team for timely and quality execution of complex and specialized audit reviews covering all the key areas of corporate functions including risk management functions and control functions Execution of Audit Strategy and Plan Conduct risk-based, thematic and specialized audit reviews to assess the adequacy and effectiveness of the risk management and controls Conduct review of application controls (automated business process controls) in the applications used by corporate, risk management and control functions and management information systems to assess adequacy and effectiveness of the controls Provide effective recommendations for improvements to the organization policies, processes and practices based on leading industry practices and emerging risks Develop processes for adequate and effective audit coverage of various risks including Information Technology (IT) Infrastructure, Information Security and IT Applications, Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc. and various applicable laws and regulatory circulars / guidelines across various regulators. Keep audit procedures and checklists current and updated keeping pace and aligned with changes in internal policies/guidelines as well as legal/regulatory changes and evolving industry best practices Ensure timely completion of audit plan and projects along with quality of audits, and meet with all audit documentation and reporting requirements as per audit policy and procedures and leading best practices Active engagement with stakeholders for implementation of recommendations for effective risk mitigations and improvement in the control environment Continuous Monitoring Develop strategies for identification of triggers / risk hotspots and conduct unplanned reviews / investigations based on various triggers/ hot spots, directives received from regulators, board committees and senior management. Keep abreast of the emerging audit trends and drive key audit initiatives for efficient and effective achievement of the audit objectives. Implement an effective continuous monitoring framework for ongoing monitoring of risk relating to various business products, processes and units; Identify and develop automated test for ongoing monitoring of Information System & Security risk across Aditya Birla Capital Digital Limited Communication and Stakeholder Engagement Active engagement with stakeholders for implementation of recommendations for effective risk mitigations and improvement in the control environment. Effective communication and reporting to various stakeholders including regulators, board committee and senior management. People Management Develop specialized audit team for execution of complex and specialized audit reviews covering IT Infrastructure, IT Applications, Information System & Security areas and risk management and controls across various risks including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc. Develop, nurture and grow talent through effective employee engagement and management Continuous development of self and the team through regular learning and sharing of knowledge / best practices.
