Designing risk-based internal audit plan and strategically managing the internal audit function in accordance with internal audit charter and the professional standards for internal auditing.
Leads & directs the strategic and operational development of internal audit & assurance services
• Provide assurance on the effectiveness of the organization’s risk management and internal controls to the Board (vide Audit Committee) on the effective internal audit and controls
Reviewing and assessing the adequacy and effectiveness of internal controls as well as reporting on its strategies, policies and procedures.
Key Responsibilities
Internal Audit Plan
Prepare comprehensive Internal Audit plan by correct identification of the key risk areas and timely approval by the AC of the IA plan.
Identify new themes which can be added as part of proposed Internal Audit (IA) plan and identify new risk areas and conduct risk based audits to ensure quality of reviews and effective reporting of observations.
Manage the audit to ensure that overall audit is performed in accordance to the steps as defined in Internal Audit manual including methodical documentation of work plans, testing results, conclusions and recommendations.
Ensure results of other external audits consistent with the Internal Audit work (performed by the in-house team) with minimum material differences
Provide recommendations for process improvement in order to mitigate associated risks, to ensure compliance, adequacy and reliability of internal controls & procedures.
Ensure follow up on findings and corrective actions and assist process owners in practical implementation of recommendation to improve operational efficiencies and overall control posture for the organization.
Revenue assurance model and automation in audits
Preparation of a comprehensive product and revenue assurance model and ensure quality of reviews, effective reporting of observations and its timely completion and implementation.
Prepare plan for concurrent audit of different types of payouts, functionalities through automation.
Drive automation in selected areas of audit which are of recurring nature and increasing the level of accuracy while reducing the processing timelines.
Active participation and contribute towards assurance reviews as per the requirement of Senior Management and Audit Committee.
