Team Member - Internal control

Job Description

Enriching Lives Winning as ONE

ABC Company Info:

Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group. With subsidiaries/JVs that have a strong presence across Protecting, Investing and Financing solutions, ABCL is a financial solutions group that caters to the diverse needs of its customers across their life cycle. Powered by more than 38,000 employees, the businesses of ABCL have a nationwide reach with over 1300 branches, more than 2,00,000 agents/channel partners and various bank partners.

What makes an ideal ABC Citizen

At ABC, we are constantly on the lookout for individuals who resonate with our 5 core values of Speed, Passion, Integrity, Seamlessness and commitment and live them every day, while also understanding our vision. We believe in building leaders who thrive on challenges, take the onus of creating and sustaining strong teams, and forms strong networks as a result of effective relationship-building.

Role Details:

Business

Aditya Birla Capital

Role

TM Internal Control

Department

Operations & Customer Service

Eligibility Criteria

Bachelor degree

Key Result Areas

Supporting Actions

Reporting and Reconciliations

Execution of TPGL reconciliation and continuous monitoring of MIS and ensuring that mismatches getting resolved within time frame.

Presentation of key reconciliation MIS's with SMT to give status of reconciliation

Trend analysis of open items to present comparative analysis to management

Ensure appropriate internal checks & controls to maintain accuracy of data being shared with various stakeholders.

Review of bugs being identified during reconciliation and ensuring subsequent bug fixes and issues resolution to have profound accounting structure in LMS

Preparation of LMS reconciliation reports with financials on a periodic basis along with GL proofing.

Liaise with cross functional team for facilitating Audit data requirements. (RBI, Internal, Statutory, Concurrent)

Preparation of Monthly Interest receivable, Income MIS's for all LOB's and shared with F&A/Business team on agreed timeline

Preparation of Monthly ALM (ALCO) MIS for all LOB's shared with F&A/Treasury on agreed timeline

Preparation of Monthly IND-AS MIS with F&A for all LOB's

Preparation of other internal monitoring MIS with stakeholders as when required.

Implementation of CAATs

Ensuring evaluation & implementation of Computer Assisted Audit Techniques as & when needed to ensure a 100% check on transaction processing across all units in Operations function.

Identifying and defining control reports which will throw up deviations in processing logics. & can be corrected with in time frame.

Jointly working with cross functions for setting up new products, processes, to build suitable financial controls & reporting mechanisms of inherent risks identified & accepted by management, which will aid timely corrective action.

Building Datawarehouse fast-tracking Automation Index

Collaborate with BIU to achieve maximum reports through Datawarehouse & strengthen the proofing & reporting logic.

Work with Change Management & line operation teams to fast-track the Automation Index of the all manual processes

Institute a mechanism to continuously identify improvement opportunities in existing reports & strengthen the same to rule out any possibilities of errors and omissions.

Internal Operations Audit Management

As per audit plan and processes arrange the required data related to operations are shared on time.

Drive timely commencement and closure of all internal audits as per plan, and recommend resolutions for process gaps identified

Escalate higher order incidents and critical process gaps

Oversee audit report preparation and review audit findings, suggestions, remarks and actions with timelines

Present audit reports, critical observations, findings and insights to the Section Head

Plan and manage follow through on high priority audit actions and share progress updates with the Section Head

Audit Management & Facilitation

Arrange necessary operational related details for regulatory and compliance audit

Support the Team Leader in ensuring that the audits run smoothly

Ensure timely closure of queries raised by auditors.

Plan and ensure the details available for auditors as per agreed timeline.

Discuss and understand audit findings and observations with the auditors and provide rationalization to remove irrelevant comments and observations if any.

Communicate audit findings and critical observations to respective operations unit and the Section Head

Plan and implementation to drive audit actions and track them for closure

Execution and monitoring of GL Proofing and Control accounts

Handling the financial and accounting controls of loan management systems for all products

Responsible for defining flow of loan accounting, monitoring accounting transactions and ensuring integrity and accuracy of trial balance

Period and book closure of loans by ensuring all the accruals and GL balances carry correct balances

New product accounting flow set up are properly configured in LMS system and subsequent monitoring

Continuous monitoring of control accounts and timely resolution of exceptions to ensure complete control over financial transactions

Building controls at various stages of product life cycle after going through the product programme to validate income computation to ensure no revenue leakages

To build and implement controls to ensure loans level ideal balances in all respective GLs

GL proofing of accounts for timely identification of system bugs & issues and building robust system controls to restrict revenue leakage and inappropriate GL balances

Ensuring sign off for financial reconciliation and presenting status in Balance sheet review committee