JOB PURPOSE
As a senior Team Member, you will be responsible for planning & completing the audit calendar & other special assignments in time with quality observations & lead the team of executives in line with Risk Based Internal Audit Policy for Branch Audit and SOP. Audit areas could be any function in LTFS such as Product, Operations,Credit, Finance, IT, HR, FCM, Risk, Compliance, Legal etc. Practically the entire company which is also called the Audit Universe, however, this role would focus mainly on Branch Audits PAN India.
2. PRINCIPAL ACCOUNTABILITIES(List the responsibilities/duties associated with the job and the major activities associated with each responsibility. For each responsibility/duty listed, give the factors on which an individuals performance is judged).
- PlanningParticipate in Risk based audit planning in line with RBIA policy for Branch Audits and assessment of Inherent and Control riskBranch Audit planning in line with Internal Audit SOP Develop audit scope along with required budgeted capacity and Opex for sign off by the Team Leader/HeadCandidate should have experience in HL Audits
- ExecutionPrepare/update Risk Control Matrix (RCM) for the Branch audit in LARS system and obtain sign off from Audit LeadThis role shall execute and also supervise execution of Branch audit by audit team members in line Internal Audit Standard Operating Procedure and RBIA policy
- Execute includes gathering required data, performing walk through, referring relevant regulations, prepare flow charts, check processes and documents and identify non-compliance with process and regulatory lapses therein. Also, half yearly risk assessment to be carried out forPAN India branch audit based on risk assessment parametersEvaluate the internal control over assigned areas of audit, to ensure compliance with company policies and procedures and regulations. Identify any non-compliance for reporting as discussionpoints with auditee. Map business processes and conduct analysis to determine associated risks.
- Executing analytics/trend analysis by collating data from various sources for the consumption of the audit teamInvestigate and perform root cause analysis on Risk EventsOngoing monitoring and management of ATRs with regional branch audit team
- Ensure quality of documentation of all workpapers in the LARS system for branch auditAdherence and enhancement of Internal Audit QAIP (Quality assurance and improvement program)Management and quality of the deliverables for the branch audit assignmentFinalise draft audit observations along with assessment of risks involved and to provide inputs for incorporation in the draft audit report before finalizing the report.
- CommunicationPresentation and confirmation of the draft observation with auditee's line manager and assessing impact. Maintain adequate audit documentation for corroborating the observationsMonitoring and timely follow-up on implementation of audit recommendations.Ongoing communication with the regional branch audit team on progress and quality of audits. Providing regular updates on status of audit progress.
- People developmentAttend planned trainings on timely basis.Maintain professional certification(s) and continue to develop and expand knowledge of the audit profession, information systems, regulatory issuances, industry, and Company products and information through self-study, research, and continuing education efforts.
- InfrastructureAccess to Audit management software (LARS) and advanced analytical tools such as IDEA shall be provided along with training
3. DIMENSIONS(List the significant numerical data which will reflect the scope and scale of activities concerning this job).Financial Dimensions(if applicable)(These should be quantifiable numerical amounts like annual budgets, project costs, annual revenue, purchasevalue etc.).Other Dimensions(Indication of some of the significant volumes associated with the job like number in team/ staff handled etc). 4. SKILLS AND KNOWLEDGE(State the minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this job and not the incumbent). Educational Qualifications MBA, CA, MCA, BCA, Any Post Graduate in Finance or ITFunctional SkillsCore Competencies:Deep understanding of LTFS Products and Operations (AND/OR) Credit, IT, Finance. Role Competencies:Basic knowledge of risk-based mapping of processes.Ability to participate in interviewing auditee across any level of ManagementGood command over verbal and written EnglishExpert knowledge of working tools ( MS Office)Working knowledge of Powerpoint. Relevant and total years of Experience Total work experience of 6 - 10 years including LTFS experience.
