Manager - Internal Audit

Manager, Internal Audit

Bengaluru, India

About PhonePe Group:
PhonePe is India s leading digital payments company with 50 crore (500 Million) registered
users and 3.7 crore (37 Million) merchants covering over 99% of the postal codes across
India. On the back of its leadership in digital payments, PhonePe has expanded into financial
services (Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-
enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is
Indias first localized App Store. The PhonePe Group is a portfolio of businesses aligned with
the companys vision to offer every Indian an equal opportunity to accelerate their progress
by unlocking the flow of money and access to services.

Culture
At PhonePe, we take extra care to make sure you give your best at work, Everyday! And
creating the right environment for you is just one of the things we do. We empower people
and trust them to do the right thing. Here, you own your work from start to finish, right from
day one. Being enthusiastic about tech is a big part of being at PhonePe. If you like building
technology that impacts millions, ideating with some of the best minds in the country and
executing on your dreams with purpose and speed, join us!

Job Role / Responsibilities

- Develop a comprehensive understanding of PhonePe s business, systems, and processes.
- Acquire in-depth process understanding for planned audits, including processes, systems
involved, data flow, and datasets.
- Be able to evaluate financial, operational, technical, and compliance processes and internal
controls, identifying areas of risk and operational process improvement. Be able to validate
them against requirements including Financial Reporting standards, policies and processes.
- Should be having strong understanding of financial risks & respective financial reporting
standards and be able to identify risks, evaluate relevant internal controls with the objective
of mitigating the risks and improving financial & operational performance.
- Execute audits from risk assessment, audit planning & scoping to execution & reporting.
- Prepare / review RCMs, process notes, flow charts, and other working papers.
- Drives and understand root cause of the observations and follow the 5 why approach for
corrective action plans.
- Prepare comprehensive audit reports, ensuring clarity, accuracy, and adherence to
internal reporting standards.
- Facilitate discussions with auditees on audit findings, ensuring a clear understanding of
identified issues and recommendations, and report significant issues to senior management.
- Provide timely updates on audits to the Internal Audit head, holding regular meetings
with auditees.
- Ensure the overall quality of audit reports and audit documentation based on methodology
- Plan resource and budget for audit and be able to lead the audit team
- Collaborate with cross-functional teams to implement corrective actions and enhance
internal controls.
- Stay updated on industry regulations, best practices, and emerging trends.
- Work collaboratively in a fast-paced, multi-dimensional team to ensure timely completion
of projects.

- Handle Internal Audit organizational activities, including budgeting, risk assessment, and
external stakeholder management.
- Conduct periodic follow-ups with auditees to monitor the timely and effective
implementation of management action plans.
- Drives planning, design, and implementation of audit analytics in projects. Understands
existing datasets, DBs and good understanding of data quality and ability to test / validate
accuracy, completeness, and usability of data.
- Collaborating with business partners and 2nd LOD functions to understand data
architecture and help identify the most suitable source of data for audit purposes.
- Demonstrates good understanding of data governance processes, practices, policies,
and guidelines.
-Execute Internal Audit fieldwork based on the acquired process and data understanding.

Essential Skills/Qualification
- Min 7 years of post-qualification experience in internal audit and/ or Statutory audit
- Chartered Accountant or equivalent qualification - Sound understanding of control
environment, compliance, and risk frameworks.
- Sound understanding of financial reporting frameworks and key accounting ERPs.
- Excellent written and verbal communication skills.
- Strong problem solving and analytical skills.
- Be able to work in a fast-paced role with competing priorities. Adaptable to project
requirements and does what is required to get the job done.
- Demonstrate ability for seamless execution, continuous improvement and problem solving.

Preferred Skills & Qualification

- Experience in Financial internal audits and/or Statutory Audits with Big4 or organization risk
and control functions.
- Prior industry experience
- Experience in Accounting software such as Oracle, SAP and Microsoft Dynamics etc.
- Data Analytics Skill sets such as SQL, Python, Qliksense
- Build SQL scripts and perform data analysis to create valuable insights to aid Internal
Audits.
- Review quantitative analysis that translates data into actionable insights.
- Experience in analysing very large, complex, multi-dimensional data sets for risks and
issue trends.

PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)
Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental
Insurance, Life Insurance
Wellness Program - Employee Assistance Program, Onsite Medical Center,
Emergency Support System
Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption
Assistance Program, Day-care Support Program
Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy
Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity,
NPS, Leave Encashment
Other Benefits - Higher Education Assistance, Car Lease, Salary Advance Policy

Working at PhonePe is a rewarding experience! Great people, a work environment
that thrives on creativity, the opportunity to take on roles beyond a defined job
description are just some of the reasons you should work with us. Read more about
PhonePe on our blog.