Associate Director - Internal Audit (8-15 yrs)

The Associate Director - Internal Audit is responsible for overseeing and managing internal audit engagements for clients of the firm. The position involves coordinating internal audit processes, ensuring compliance with applicable standards, and providing strategic insights to clients in order to mitigate risks and enhance operational efficiency. The role is ideal for a professional with extensive experience in internal auditing, risk management, and leadership within a CA (Chartered Accountant) firm.

Key Responsibilities:

Audit Planning and Execution:

- Lead and manage multiple internal audit engagements simultaneously for various clients across different industries.

- Develop comprehensive audit plans, ensuring all audit activities are aligned with client objectives, risks, and regulatory requirements.

- Oversee audit procedures, ensuring the accuracy and quality of findings and recommendations.

Team Leadership and Supervision:

- Supervise, mentor, and coach a team of audit professionals, providing guidance and support to junior staff and seniors.

- Coordinate the workload and resources of the team, ensuring timely and efficient completion of audits.

- Conduct performance reviews and contribute to staff development and career progression within the audit team.

Client Relationship Management:

- Serve as the primary point of contact for clients, maintaining and strengthening client relationships.

- Discuss audit results and offer actionable recommendations to enhance internal controls, improve processes, and mitigate risks.

- Understand clients' business models, industries, and specific risks to provide tailored solutions.

Risk Assessment and Compliance:

- Identify and evaluate internal control weaknesses and compliance gaps.

- Provide clients with recommendations for improving business processes, internal controls, and risk management practices.

- Stay updated on industry trends, regulations, and best practices related to internal audit, accounting standards, and risk management.

Reporting and Documentation:

- Prepare detailed audit reports and presentations for client management and boards of directors.

- Ensure audit workpapers and documentation are complete, accurate, and in compliance with regulatory requirements.

Continuous Improvement:

- Contribute to the development and improvement of internal audit methodologies, tools, and processes.

- Foster a culture of continuous improvement, ensuring that the audit function delivers value-added insights to clients.

Key Requirements:

Education & Certification:

- CA (Chartered Accountant) or equivalent qualification is mandatory.

- Additional certifications such as CIA (Certified Internal Auditor), CISA (Certified Information Systems Auditor), or equivalent is preferred.

Experience:

- Minimum of 8-10 years of experience in internal auditing or a similar role, with at least 3-5 years in a leadership or managerial capacity.

- Experience working within a Chartered Accountant firm or professional services firm is highly preferred.

- Strong understanding of risk management, internal controls, corporate governance, and regulatory compliance.

Skills:

- Proven ability to lead teams and manage multiple projects simultaneously.

- Excellent communication, presentation, and interpersonal skills.

- Strong analytical and problem-solving abilities.

- In-depth knowledge of auditing standards, accounting principles, and industry-specific regulations.

- Ability to develop and maintain strong client relationships.