Audit & Risk Advisory (Consultant/ Assitant Manager / Manager)

Experience range—3-10 yrs

Location – Mumbai

Interview process—2-3 rounds

2 rounds virtual (the final round could be F2F/Virtual)

Notice period less than 60 days

SELECTION PROCESS

Candidates should expect 2 - 3 rounds of personal or telephonic interviews to assess fitment and communication skills.

Mandatory Skills

• Audit
• Control design assessment
• Asset and Wealth Management
• Global Markets
• Capital Market
• Third-party risk management
• Treasury Audit
• Risk control matrix

Additional Skills

Analytical skills and communication skills Presentation Skills

Job Description: We are seeking dynamic professionals to join our Audit Risk Advisory team. The ideal candidate will bring hands-on experience in internal audits, risk-based audit methodologies, process improvements, performing control design assessment (CDA), and testing of operating effectiveness (TOE) and must have a strong understanding of asset and wealth management (AWM), PWM, and the global market (GM), including equity and derivative products and finance, third-party risk management, and treasury audit. This role offers exposure to global clients across industries and the opportunity to work on strategic risk consulting engagements.

ROLE RESPONSIBILITIES

• Conduct risk-based internal audits across varied functions/banking LOB (including Asset and Wealth Management (AWM), PWM, Global Market (GM), and capital markets, including equity and derivative products and Finance, Third Party Risk Management, and Treasury, Credit Risk, and Operational Risk Audit) and geographies conducting process consulting/internal audit/risk consulting.
• Undertaking process walkthroughs and preparing the Risk Control Matrix (RCM) for audit execution. Assess internal controls, identify process gaps, and suggest effective improvements or an agreed management action plan.
• Strong written documentation of process walkthrough, RCM, testing, and audit observation
• Supported/led audits such as credit risk and trade management (trade confirmation, trade reconciliation, EOD controls) with strong risk and control understanding
• Interacting with global stakeholders and discussing the potential observation
• Prepare audit reports with clear findings and actionable recommendations
• Develop and implement Standard Operating Procedures (SOPs) for process enhancement
• Evaluate trading desk operations
• Demonstrate strong analytical and stakeholder management skills in client-facing roles

The ideal candidate should possess these skills:

• Have experience in internal audit/risk consulting with a global bank/investment bank or its GCC or BIG4 working on these clients.
• Sound understanding of global market and capital market products (equities, futures, options, swaps)
• Possess a strong understanding of various lines of business with a global bank and trade lifecycle
• Possess strong domain knowledge on securities-related regulations related to PRA
• Ability to perform and interpret process gap analysis
• Strong written and verbal communication skills (presentation skills)
• Understanding of control rationalization, optimization, effectiveness, and efficiency
• Hands-on experience in data analytics, Tableau, and data visualization
• Comfortable managing multiple engagements across functions
• Willingness to travel

QUALIFICATION

• Qualified CAs with articleships from Big-4 firms, MBAs from top 10 business schools with 2-8 years of experience in risk consulting/internal audits, global markets, capital markets, operations, or compliance function roles in the industry (understanding of internal audit, business processes, and sector understanding).
• Certifications like Certified Internal Auditor (CIA) and Certified Information Systems Auditor (CISA) would be an added advantage.

COMPENSATION

• Compensation is competitive with industry standards
• Details of the compensation breakup will be shared with shortlisted candidates only