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    Job · 20862128

    MUMBAI · FULLTIME

    Lead - Quality Assurance & Improvement Programme - Internal Audit Function

    ABC Consultants logo

    ABC Consultants

    Mumbai · onsite · Posted 47d ago

    Sourced fromIIM Jobs
    Undisclosed10–15 yrsfulltimeMumbai

    About a minute. You'll make an account on the way through.

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    Section · 01

    About this role

    Role Purpose:

    Lead and oversee the Quality Assurance & Improvement Program (QAIP) for the Internal Audit function, ensuring adherence to regulatory requirements, IIA standards, and the organization's internal audit methodology. Drive consistent and high-quality audit practices across the audit lifecycle, including planning, fieldwork, reporting, root-cause analysis, issue closure, sustainability testing, and stakeholder engagement.

    Key Responsibilities:

    - Develop, implement, and continuously enhance the QAIP framework, covering ongoing assessments, periodic reviews, and thematic quality assessments.

    - Establish audit quality standards, review criteria, and checklists for evaluating audit assignments and reports.

    - Ensure consistency and adherence to defined standards for audit scoping, testing, documentation, working papers, and supporting evidence.

    - Conduct independent reviews of audit findings and their closure, ensuring appropriate validation and supporting evidence.

    - Review audit planning and risk assessment documents, including scoping matrices, risk assessments, sampling approaches, and audit programs.

    - Assess and confirm adequate regulatory and policy coverage within individual audit assignments.

    - Challenge the adequacy of sample selection, testing methodology, testing depth, and audit evidence.

    - Evaluate whether scope exclusions are adequately documented and justified, including assessment of centralized oversight of decentralized activities.

    - Review the quality and robustness of root-cause analysis, impact assessment, and identification of underlying system, process, and control weaknesses.

    - Ensure appropriate identification and assessment of repeat, overdue, and persistent audit issues, including sustainability testing of previously reported observations.

    - Validate the appropriateness of audit finding ratings, recommendations, management responses, and agreed action plans.

    - Identify opportunities to strengthen the audit methodology, templates, tools, and control libraries, incorporating data analytics and automated testing wherever relevant.

    - Identify recurring quality gaps and systemic themes across audits and recommend corrective and preventive actions.

    - Prepare and present QA dashboards, audit quality scores, key observations, trends, and systemic themes to the Head of Internal Audit and Audit Committee.

    - Partner with audit teams and stakeholders to promote a strong quality, consistency, and continuous-improvement culture within Internal Audit.

    Job Specification:

    - 10 - 15 years of relevant experience in Internal Audit, Audit Quality Assurance, Audit Methodology, or Second Line of Defence functions.

    - Strong understanding of Internal Audit frameworks, IIA standards, regulatory expectations, risk and control frameworks, and audit methodologies.

    - Experience in QAIP, audit quality reviews, thematic reviews, or audit methodology would be an added advantage.

    - Strong analytical, review, challenge, documentation, and stakeholder-management skills.

    - Ability to independently identify audit quality gaps, recurring issues, and systemic control weaknesses and drive improvements.

    Sourced from iimjobs

    Section · 02

    Skills

    QualityProcess ExcellenceInternal AuditQuality AssuranceQuality Control

    Section · Company

    About ABC Consultants

    ABC Consultants logo

    ABC Consultants

    Recruitment

    750

    employees

    1969

    57 years old

    Mumbai, Maharashtra

    India

    ₹26.9L PA avg

    Avg at ABC Consultants

    About

    ABC Consultants is the pioneer of organised recruitment services in India hiring leaders for the leading organizations.

    Industries

    Recruitment

    Employee ratings

    10 reviews

    3.9/ 5

    Culture

    3.9

    Career growth

    3.5

    Work-life

    4.0

    Employees rate it well for

    Job Security39Overall Company39

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