Deputy Manager - Audit & Risk Management

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  • Mumbai
  • Confidential
  • 6-8 years
  • 13 May 2015

  • Finance/ Accounts

  • Accounting/ Taxation/ Audit
Job Description

Purpose of Job:
To assist in identifying areas of audit, conduct audit and suggest corrective measure for better and efficient processes

Identification of scope and management audits to be conducted by service providers (Co source Internal Auditors)
Refers and study the existing process notes/practices
Assist & Finalize the scope of Internal Audits
- Quality and Comprehensiveness of Risk Assessment/Risk control Matrix and Audit methodology
- Quality of Audit Observations
- Audit Report Drafting
- Adherence to Audit Plan
- Adherence to Audit Process
- Smooth Audit Closures as per timelines

Duties and Responsibilities:
Identify processes and areas to undergo In-house Audits.
Prepare and Ensure:
- Quality of Scope document
- Quality of risk assessment
- Quality of audit observations
- Audit report drafting
- Adherence to audit timelines
- Adherence to audit process
Presentations for Committees/Management

Implementation of Audit Observations
Ensure the implementation of the corrective measures by the process owners as per the commitment made to the audit committee & senior management.
Follow-up with process owners for replies
Monitor the implementation of the corrective measure within required TAT and in an efficient manner.
Support the process owners in developing recommendations for corrective actions and implementation.

Essential Skills:
Proficient in MS-Excel, Cognos, understanding of the Insurance industry and its regulators
Process design/re-engineering, strong analytical and problem-solving skills, data management, ability to see through processes/gaps and identify key solutions
2 Years with Audit experience
CA/MBA Finance

Desired Skills:
Knowledge of best practices in Audit, MS Access
Self-driven, high degree capability on driving objectives of Audit, effective communication skills, execution
3 4 years with Audit experience
C.A / MBA Finance / CAIIB / Diploma in investment risk management

Competencies/Skill sets for this job

Risk Management Risk Control Audit Report Risk Assessment Audits

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