Chief Manager - Internal Audit

Role & responsibilities

1. Audit Execution

• Conduct risk-based internal audits as per the approved audit plan.
• Perform process walkthroughs, control testing, data analysis, and substantive reviews.
• Identify control gaps, process inefficiencies, and emerging risks.
• Prepare clear and concise audit observations with root cause analysis and practical recommendations.
• Discuss findings with process owners and obtain management responses.

2.Risk & Control Assessment

• Evaluate adequacy and effectiveness of internal controls and governance mechanisms.
• Review compliance with regulatory requirements, internal policies, SOPs, and delegation matrices.
• Assess operational, financial, compliance, and fraud risks across functions.
• Support enterprise-wide risk and control assessments where required.

3.Continuous Monitoring & Analytics

• Develop and execute continuous auditing / continuous control monitoring routines.
• Use analytics and exception reporting to identify unusual trends, anomalies, or high-risk transactions.
• Stakeholder Management
• Coordinate with business teams for audit discussions, data requirements, and closure of observations.
• Track implementation status of audit recommendations.
• Support presentations and reporting to senior management and Audit Committee.

5.Process Improvement

• Recommend process enhancements to improve efficiency, control effectiveness, and customer outcomes.
• Participate in special reviews, investigations, and thematic audits as assigned.

6.Team & Compliance Support

• Guide junior team members during audit assignments.
• Ensure audit documentation is maintained in line with internal standards and quality requirements.
• Support preparation of MIS, dashboards, and audit analytics.

Preferred candidate profile

• Candidate with 4-5 yrs of Internal Audit experience in Life Insurance sector will be preferred .