Internal audit holds execution of NBFC internal audit function. They are responsible for internal audit planning, scheduling and ensure audits/reviews are performed as per the specified plan. They are responsible for conducting audits/reviews requiring experienced skills and knowledge. They ensure that internal auditing standards and organizational values are adhered to while day-to-day auditing operations are performed. They participate in key projects and advise on process improvements areas.

Coordinate, conduct, and ensure completion of audit, testing of controls as per approved plan/schedule.
Perform end-to-end review of the process/audit assigned under the supervision of Head-IA.
Manage multiple audits/reviews and closely review the work performed by subordinates of IA function.
Identify process design and operating gaps and conduct the root cause for the identified observation.
Assurance on Policy and Procedures, existing Internal Control.
Performing audits through Data Analytics, Physical validation, and Sampling Methodology.
Design Process Map, audit checklist, Risk and Control Matrix (RACM) in line with Risk-Based Internal Audit Procedure and Scope of Audit.
Effectively engage with stakeholders including process owners and understand their point of view and requirements.
Regular discussion with process owners during audit to identify Root Cause and provide value-added recommendations to management to help reduce risk through process standardization, automation, and optimization, etc.
Identification of red flags during audit and undertake investigation under the guidance of Group Head-IA/GM-IA.
Provide support to the process owner and HOD’s to develop action plans to mitigate the identified risk
Guide team on improvement areas, organization values etc.
Support in the preparation of the audit update deck for Management.
Continuous value-added suggestions as part of the audit with recommendations for cost savings.