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.