Key Requirement for the Position
Preferred Profile
Minimum Education Qualification: Professional certification like CA, CIA, or ACCA
5 - 6 years of experience in Risk & compliance (operational risk, SOX Compliance, internal audit, business process reviews, etc.)
2 - 3 years of experience in handling teams
Excellent reviewing, report writing, interpersonal skills, and ability to find solutions quickly
Experience in risk assessments, control evaluation, SOP reviews, IFC / ICFR assignments, and exception reporting.
Knowledge of business processes (i.e. development of audit programs based on process walkthroughs, SOPs & policies)
Strong understanding of accounting, finance, and auditing concepts, and auditing & accounting standards
Knowledge of NBFCs / financial institutions audits, complex data analytics, and systems audit will be an added advantage
Analytical skills & multi-tasking capability and can work independently with minimum supervision
Team player and ability to motivate the team members to achieve their goals
Good interpersonal and reporting skills with a proven ability to communicate effectively (both written and verbal)
Influential communication skills in local languages
Self-motivated, passionate about the domain, eager to learn new things, and takes the initiative & challenges
Willing to travel across branches
Job Description
Job Summary
Varthana is looking for a Senior Manager - Internal Audit who will be supervising a team of audit executives, training, motivating, monitoring, and leading them as an example. The candidate will be identifying various risks associated with the company's goals and developing comprehensive audit checklists for various internal audit areas. The incumbent will be ensuring that the team members are presenting the audit reports timely and accurately. The candidate will also be building a solid relationship with customers and internal departments for collecting accurate data.
Key Role Deliverables
Team Leadership and Team Development: Building a high-performing motivated team by working closely with the team members, offering, mentoring, and leading by example
Risk Management:
Identifying risks related to business goals and creating thorough audit checklists for various internal audit-covered areas
Guiding the management in planning proper design and implementing risk management processes
Data Analysis:
Conducting internal audits of various branch offices and carrying out customer review visits or inspections in accordance with the audit program, as well as gathering, compiling, and presenting the audit paperwork to the Audit Manager
Developing audit checklists for each of the processes/areas based on the inputs of the auditee
Evaluating the adequacy of the process design, the effectiveness of the controls in accomplishing the business and controlling objectives at the branch level, and providing evidence to support judgments
Preparing discussion drafts for the audit reports which clearly bring out the findings and recommendations of audits and will be submitted to the Head of Internal Audit in a timely manner.
Development of strategies:
Developing a thorough understanding of business processes in scope for assigned audits and documenting the processes in flowcharts and/or process narratives
Developing various test plans by selecting appropriate audit approaches, test procedures, and sampling criteria based on professional judgment and audit methodology of the department.
Visiting branch offices and customers regularly to conduct various types of audits and inspections
Assisting the Head, Internal Audit in the development of the audit program and estimating the audit universe and the effort involved for each of the areas selected for audit.
Assisting the Audit Head in managing the audit program, and ensuring the day-to-day execution of internal audits within and outside the head office
Developing and implementing the IA technique at the transactional level
Relationship Management:
Interacting with customers and branch managers at the end of fieldwork, and providing clear explanations for identified issues
Developing and maintaining effective and professional working relationships with all levels of staff within the organization, including the Audit Manager and Internal Audit Head.
