Head Internal Audit

Mumbai - India

Monthly Salary: Not Disclosed

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

Position Summary:

The Head of Internal Audit (HIA) will lead Companys Indias internal audit function ensuring alignment with industry standards regulations and Group policies.

Key responsibilities include: auditing the Companys India organization assisting with Companys audits in India and Asia developing AI-based tools for the Companys audit teams and prospectively supporting IT audits with Companys global model.

The HIA will play a pivotal role in ensuring the effectiveness of internal controls risk management and governance processes within the organisation. This position requires a proactive detail-oriented professional with strong analytical skills and the ability to deliver innovative solutions in a dynamic environment. The successful candidate will be expected to demonstrate excellent communication and leadership capabilities working closely with both internal and external stakeholders to promote a culture of compliance and continuous improvement.

In this role the HIA is responsible for forming and managing a team of 2 3 audit professionals and a group of 3 AI specialists.

Key Responsibilities:

Oversee the development and implementation of a comprehensive internal audit framework that aligns with organizational objectives and risk appetite.

Perform thorough risk assessments and formulate an annual audit plan responsive to identified risks and business environment changes.

Execute audits in accordance with the approved plan maintaining the highest quality and effectiveness standards.

Prepare and deliver clear succinct audit reports that detail root causes offer actionable recommendations and add value for management.

Engage with senior management and the Audit Committee to communicate audit results emerging risks and areas for enhancement.

Track and follow up on audit findings to facilitate timely resolution and closure of outstand-ing issues.

Build mentor and retain a high-calibre team of audit professionals cultivating a culture of integrity and excellence.

Remain informed of industry developments evolving risks and regulatory updates to continuously improve audit practices.

Serve as the primary liaison with external auditors and regulatory agencies during audit processes and examinations.

Foster productive relationships with stakeholders to support effective communication and collaboration.

Education and Qualification requirements:

Master/ Bachelors degree in a discipline such as Finance Accounting Business administra-tion or comparable.

Relevant certification (e.g. CPA CIA CFE) is an advantage.

Experience requirements:

Minimum of 15-20 years of experience in internal/external audit compliance or risk management with a focus on leadership roles.

Experience in the financial and/or service industry is preferred.

Familiarity with regulatory requirements and best practices in India.

Knowledge and Skills requirements:

In-depth understanding of audit methodologies standards and practices.

Strong analytical abilities for interpreting data and regulations.

Clear verbal and written communication with diverse stakeholders.

Proven leadership in managing teams and competing priorities to meet deadlines.

Maintains integrity professionalism and objectivity.

Effective in multicultural settings.

Position Summary: The Head of Internal Audit (HIA) will lead Companys Indias internal audit function ensuring alignment with industry standards regulations and Group policies. Key responsibilities include: auditing the Companys India organization assisting with Companys audits in India and Asia d...