Internal Audit Associate

Key Responsibilities

• Assist in the execution of audit engagements, ensuring proper documentation from scope to report delivery.
• Compile periodic and consistent board reporting, contributing to comprehensive audit oversight.
• Engage in bespoke investigations and reviews as required, providing thorough analysis and reporting.
• Interact proactively with stakeholders on the Internal Audit Program/Framework, ensuring clear communication and understanding.
• Ensure that internal audit tests and reports are properly and adequately documented as agreed with stakeholders.
• Keep the Director, Manager, and auditee updated on the status of audits and observations noted during testing.
• Produce internal audit reports for approval by the Manager, Director, or Group Head of Internal Audit.
• Follow up on action plans for corrective actions relating to audit findings or findings from other reviews.

Overview

• The Internal Audit Associate plays a crucial role within the consulting sector, specifically focusing on internal audit functions in Mumbai.
• This position involves working closely with the Director and Manager of Internal Audit to ensure comprehensive audit engagements and compliance with industry standards.
• The role requires a proactive approach in interacting with stakeholders and contributing to bespoke investigations and reviews as needed.
• As part of the Internal Audit team, the associate will help produce detailed reports and follow up on corrective actions to address audit findings.
• The position is designed for a Level 4 professional with 6-9 years of experience, emphasizing the execution, documentation, and management of internal audits.
• The associate will engage in board reporting and maintain communication with the audit team and stakeholders throughout the audit process.
• The role demands staying current with the latest developments in auditing standards and compliance regulations, ensuring the organization meets all regulatory requirements.
• Additionally, the Internal Audit Associate will oversee audits to assess compliance with local and industry regulations, taking responsibility for the timely execution and communication of audit testing guidelines.
• As a team player, the associate will also contribute to the development of junior associates and participate in professional development initiatives to enhance team performance.
• The role offers a dynamic environment for professionals with a background in risk assessment, compliance, and auditing within the financial sector.
• The associate will leverage their excellent interpersonal and stakeholder management skills to influence and drive improvements across the the leading financial services firm.

Requirements

• Bachelor’s degree or significant experience in risk, compliance, audit, or an operations-based control function.
• Postgraduate qualifications or industry certifications such as CIA or a recognized accountancy qualification are desirable.
• Recent and relevant experience in the financial sector with a proven track record of advancement.
• Excellent interpersonal and communication skills, both written and verbal, essential for effective stakeholder engagement.
• Strong people management skills with the ability to balance competing deadlines and stakeholder demands.
• Proven ability to understand and assess the robustness of controls governing business processes, particularly in risk assessment and evaluation.