Senior Internal Auditor

The key objective of the Internal audit is to identify, assess, and mitigate risks that could impact the MII’s operations, efficiency, financial stability, etc. Internal audit is also required to ensure that the entity complies with all relevant laws, regulations, circulars, guidelines, industry standards,

In this context, the key roles and responsibilities of the Senior Internal Audit Officer are as under. The primary focus of the role will be to establish and implement a dynamic internal audit function that serves the needs of the entity

Strategic Leadership & Planning:

• Develop and/or revise as needed the Audit Charter, Audit Strategy, and Terms of reference of the Internal Audit Function to be approved by the Audit Committee

• Develop, revise as needed, and execute a risk-based internal audit plan aligned with the company’s objectives and regulatory expectations.

• Advise the Audit Committee, MD/CEO, KMP’s and other relevant employees on internal control, governance, and compliance risks.

• Evaluate and improve the effectiveness of governance, risk management, and control processes.

• Collaborate with other control functions (Risk, Compliance, Legal, IT Security) for a holistic risk oversight.

• Promote a culture of ethical behaviour, risk awareness, and continuous improvement

2. Audit Execution & Oversight:

• Oversee, coordinate, and manage all internal audits, including financial, operational, compliance, and IT audits.

• Ensure timely reporting of audit findings and recommendations to the Audit Committee and management.

• Monitor the implementation of audit recommendations and ensure effective follow-up.

• Present audit findings and risk insights to the Audit Committee and senior management.

• Serve as the primary point of contact for external auditors and regulatory inspections related to internal audits

• Ensure adherence to all applicable regulations, including those set by SEBI, RBI (if applicable), Companies Act, etc. Keep abreast of regulatory changes and implement necessary changes in the audit approach and scope.