Head - Internal Audit (11-15 yrs)

Head - Internal Audit (Only Mumbai based candidates please apply)

Job Description / Responsibilities

1. Strategic Planning:

- Develop and implement a comprehensive, risk-based internal audit plan aligned with the organization's strategic objectives to ensure effective oversight of operations and compliance.

2. Governance and Risk Management:

- Assess the adequacy of governance frameworks and risk management processes, providing an objective opinion on their effectiveness in mitigating risks across the organization.

3. Internal Control Evaluation:

- Evaluate the effectiveness of internal controls across various departments, ensuring compliance with internal policies, legal requirements, and industry standards.

4. Audit Execution:

- Oversee the execution of internal audits, ensuring they are conducted systematically and based on sufficient, relevant, and reliable evidence. This includes supervising audit staff and ensuring adherence to professional standards.

5. Reporting:

- Prepare detailed audit reports that highlight findings, risks, and recommendations for improvement. Present these reports to senior management and the Audit Committee.

6. Follow-Up on Recommendations:

- Monitor the implementation of audit recommendations to ensure corrective actions are taken in a timely manner.

7. Collaboration with External Auditors:

- Coordinate with external auditors during their assessments to provide necessary information and facilitate a smooth auditing process.

8. Training and Development:

- Lead and mentor the internal audit team, fostering professional development and ensuring that team members are equipped with the necessary skills to perform their duties effectively.

9. Stakeholder Engagement:

- Maintain regular communication with senior management and the board to provide updates on audit activities, significant risks, and emerging issues.

10. Compliance Monitoring:

- Ensure compliance with applicable laws, regulations, and internal policies by conducting regular assessments and audits of operational practices.

11. Continuous Improvement:

- Promote a culture of continuous improvement by identifying opportunities for enhancing operational efficiency through audit insights.

Qualifications: CA WITH 15+ years or more in Banks, NBFC'

s or any other financial sector (preferably banking) with Significant 4-5 years of experience in leading the Audit the team for the Organization.