Deputy Head-Internal Audit & Quality Assurance Muthoot Fincorp Ltd.

20.0 - 24.0 years

0 Lacs

thiruvananthapuram, kerala

On-site

As the Audit Manager at Muthoot Fincorp Ltd (MFL), your key responsibility is to effectively manage the audit universe, audit plans, scope, and charter. This involves identifying and maintaining a detailed audit universe covering all auditable entities and processes within the organization. You will regularly update the audit universe to reflect changes in the organization's operations, risk landscape, and regulatory requirements. Additionally, you will define and refine audit scopes at annual, half-yearly, and quarterly intervals to ensure a focused approach to addressing key risks and compliance requirements. It is crucial to oversee the overall management and control of the internal audit functions of MFL and ensure that audits are conducted in accordance with the approved audit plans, scope, and charter. Regarding branch audit management, you will develop and implement a comprehensive branch audit plan for MFL, ensuring timely completion of branch audits. You will oversee field functionaries, conduct snap audits and surprise audits as needed, and lead thorough investigations of fraud and serious incidents. Coordinating periodic risk assessments, compliance tests, and process audits are essential to uphold organizational standards. Tracking and monitoring the progress of branch audits through a robust review mechanism using MIS and virtual meetings is also part of your responsibilities. In functional audit management, you will design and implement functional, process, and management audit programs aligned with organizational goals. This includes developing detailed audit plans, schedules, and resource allocation for effective execution. Conducting functional audits following a structured approach to evaluate processes and controls effectively is crucial. It involves analyzing data to uncover trends and critical issues, sharing draft reports with stakeholders, and finalizing reports with actionable recommendations. You will also be responsible for NBPS audit management, centralized audit management, SULB audit management, IS audit management, external internal audit management, gold inspection management, compliance, and quality assurance. Ensuring compliance with regulatory guidelines, conducting quality assurance checks, and providing specialized compliance reporting are key aspects of your role. Your key interactions will involve internal stakeholders such as board members, senior management, functional heads, legal, audit committee of the board, chief compliance officer, zonal audit head, risk management team, and operations. External stakeholders include external auditors, regulatory authorities, vendors, compliance bodies, statutory auditors, investors, and shareholders. Key decisions you will be responsible for include ensuring the thorough review and validation of various audits, making final decisions on risk gradation, reviewing findings from investigations, deciding on the need for surprise audits, selecting audit team resources, conducting compliance testing, and recommending external audit vendors. The ideal candidate for this role should have a postgraduate degree in any discipline with at least 20+ years of experience in banking, NBFC, financial, or insurance sectors. Membership in professional bodies like IIB&F, ICAI, ICMAI, or ICSI is preferable.,

Posted 5 days ago

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