Lead Internal Audit (Mutual Funds)

Development of Audit Strategy and Plan :-

Execute audit strategies for identification and assessment of various key risks in Mutual Fund functions and current maturity level of controls in these functions.

Execute 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

Network Security/ Information Security Audits (~10+)

Conduct Data Security review (~200+ major customer data sensitive applications / processes

Execution of Audit Strategy & Plan:-

• Effective management and execution of the audit plan in accordance with the Policies, Procedures, Legal and Regulatory requirements, Internal Audit Standards, and leading best practices for proactive identification and remediation of various risks
• Conduct risk-based, thematic and specialised audit reviews to assess the adequacy and effectiveness of the risk management and controls covering various key activities.
• Conduct review of application controls (automated business process controls) in the applications used by Mutual Fund functions including management information systems to assess adequacy and effectiveness of the controls
• execute audits through in-house or co-sourced professional services with suitable coverage commensurate with the scale and complexity of the business, operations, risk management and control functions

Communication & Stakeholder Management

• 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

Continuous Monitoring

• Execute 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