Job Description
Job Description
Team Description
• The Risk, Audit and Compliance (RAC) division at the firm owns the integrated risk management, internal audit, and compliance aspects of the business and support functions
• Risk management includes, but is not limited to, conducting risk assessment and analysis of the business and support functions, maintaining working relationships with senior stakeholders, providing risk advisory services (as required), and remaining integrated with the compliance and internal audit aspects
• Internal Audit includes, but is not limited to, leveraging the risk assessments of the business and support functions, maintaining working relationships with senior stakeholders, conducting risk-based focused internal audits of the business and support functions, following through for the entire lifecycle of observations and recommendations, and remaining integrated with the risk management and compliance aspects
• Compliance includes, but is not limited to, managing the day-to-day compliance aspects of the business and support functions, maintaining working relationships with senior stakeholders, conducting risk-based focused compliance reviews, providing responses to risk, audit and compliance-related queries from clients, vendors and regulators, and remaining integrated with the risk management and internal audit aspects
• The RAC division also has a specialized data analytics & engineering team, which supports the data analytics, project management, tools & workflows, and reporting requirements of the division.
• This team is tasked with a number of responsibilities, which includes, but is not limited to, conducting risk-based focused data analytics assessments for the business and support functions in conjunction with other members of the RAC division from risk management, internal audit, and compliance;
• managing the build, test and operation of tools and workflows required for risk assessment, compliance reviews, and internal audit engagements;
and managing the project management aspects of a number of strategic transformation projects within the RAC division
Key Responsibility Areas : The incumbent will primarily be in charge of :
• Be part of a team of internal auditors for the complete lifecycle of internal audit activities at the firm
• Work across a wide variety of areas as per the risk taxonomy adopted by the firm such as Employment, Business Conduct, Client Suitability, Vendor / Third Party Risk, Procurement / Sourcing, Supervision, Corporate & Legal Entity Governance, and Information Technology & Cyber
• Conduct efficient and effective risk assessment of the business and support functions of the firm to form a view of the applicable audit universe
• Based on the audit universe, prepare an annual internal audit plan and work with the Lead Risk Management & Internal Audit, Chief Risk, Audit and Compliance Officer (CRACO) and the Executive Committee for its approval and implementation
• Execute all stages of the lifecycle of internal audit engagements throughout the firm and across the complete cross-section of the risk taxonomy.
Support across lifecycle stages would include, but not be limited to, planning, testing (design adequacy and operating effectiveness), reporting, observation / issue management
• As needed, provide supervision and governance for all internal audit matters, including aspects such as review of work papers, preparation and closure of audit files, definition and enhancement of data analytics tools and workflows, etc
• Demonstrate leadership in managing working relationships with senior stakeholders for aspects such as risk assessment, observation and recommendation discussion, observation management, etc
• Work with the Lead Risk Management & Internal Audit and CRACO for strengthening the integrated risk, audit and compliance framework at the firm
Education and prior experience :
• CA / MBA with 5+ years of relevant full-time work experience in risk management and internal audit
• Having prior experience in the BFSI sector (in a corporate setting) and / or professional services firm (in advisory and / or assurance) will be an added advantage
• Having prior experience in audits of Finance & Accounts, and Third Party Risk Management (TPRM) will be an added advantage
• Wide experience of working with diverse and geographically distributed teams in a hybrid working model
• Deep experience in executing risk assessment and internal audits across a number of areas of the risk taxonomy such as Employment, Business Conduct, Client Suitability, Vendor / Third Party Risk, Procurement / Sourcing, Supervision, Corporate & Legal Entity Governance, and Information Technology & Cyber
• Demonstrated sense of innovation and high degree of data literacy, enabling the use of modern automated techniques for risk management and internal audit
Competencies :
• Excellent leadership and team working skills
• Deep experience in risk management and internal audit across the whole lifecycle of engagements and across a wide cross-section of the risk taxonomy
• Excellent analytical skills, with demonstratable and relevant experience in :
oDetailed knowledge of Microsoft Office 365 Cloud-based applications; and,
oBasic to moderate levels of data analytics, either back end (data acquisition, sanitization, staging, etc) or front end (data reports, dashboards, dynamic queries, etc) through MS Excel and MS SharePoint (formulae, macros, VBA) and / or other proprietary or free DA / DE tools
• Well-honed interpersonal skills
• Ability for multi-tasking and switching focus based on priority and demand
• Attention to detail as well as the ability to appreciate the larger picture
• Excellent written and oral communication
Team Description
• The Risk, Audit and Compliance (RAC) division at the firm owns the integrated risk management, internal audit, and compliance aspects of the business and support functions
• Risk management includes, but is not limited to, conducting risk assessment and analysis of the business and support functions, maintaining working relationships with senior stakeholders, providing risk advisory services (as required), and remaining integrated with the compliance and internal audit aspects
• Internal Audit includes, but is not limited to, leveraging the risk assessments of the business and support functions, maintaining working relationships with senior stakeholders, conducting risk-based focused internal audits of the business and support functions, following through for the entire lifecycle of observations and recommendations, and remaining integrated with the risk management and compliance aspects
• Compliance includes, but is not limited to, managing the day-to-day compliance aspects of the business and support functions, maintaining working relationships with senior stakeholders, conducting risk-based focused compliance reviews, providing responses to risk, audit and compliance-related queries from clients, vendors and regulators, and remaining integrated with the risk management and internal audit aspects
• The RAC division also has a specialized data analytics & engineering team, which supports the data analytics, project management, tools & workflows, and reporting requirements of the division.
• This team is tasked with a number of responsibilities, which includes, but is not limited to, conducting risk-based focused data analytics assessments for the business and support functions in conjunction with other members of the RAC division from risk management, internal audit, and compliance;
• managing the build, test and operation of tools and workflows required for risk assessment, compliance reviews, and internal audit engagements;
and managing the project management aspects of a number of strategic transformation projects within the RAC division
Key Responsibility Areas : The incumbent will primarily be in charge of :
• Be part of a team of internal auditors for the complete lifecycle of internal audit activities at the firm
• Work across a wide variety of areas as per the risk taxonomy adopted by the firm such as Employment, Business Conduct, Client Suitability, Vendor / Third Party Risk, Procurement / Sourcing, Supervision, Corporate & Legal Entity Governance, and Information Technology & Cyber
• Conduct efficient and effective risk assessment of the business and support functions of the firm to form a view of the applicable audit universe
• Based on the audit universe, prepare an annual internal audit plan and work with the Lead Risk Management & Internal Audit, Chief Risk, Audit and Compliance Officer (CRACO) and the Executive Committee for its approval and implementation
• Execute all stages of the lifecycle of internal audit engagements throughout the firm and across the complete cross-section of the risk taxonomy.
Support across lifecycle stages would include, but not be limited to, planning, testing (design adequacy and operating effectiveness), reporting, observation / issue management
• As needed, provide supervision and governance for all internal audit matters, including aspects such as review of work papers, preparation and closure of audit files, definition and enhancement of data analytics tools and workflows, etc
• Demonstrate leadership in managing working relationships with senior stakeholders for aspects such as risk assessment, observation and recommendation discussion, observation management, etc
• Work with the Lead Risk Management & Internal Audit and CRACO for strengthening the integrated risk, audit and compliance framework at the firm
Education and prior experience :
• CA / MBA with 5+ years of relevant full-time work experience in risk management and internal audit
• Having prior experience in the BFSI sector (in a corporate setting) and / or professional services firm (in advisory and / or assurance) will be an added advantage
• Having prior experience in audits of Finance & Accounts, and Third Party Risk Management (TPRM) will be an added advantage
• Wide experience of working with diverse and geographically distributed teams in a hybrid working model
• Deep experience in executing risk assessment and internal audits across a number of areas of the risk taxonomy such as Employment, Business Conduct, Client Suitability, Vendor / Third Party Risk, Procurement / Sourcing, Supervision, Corporate & Legal Entity Governance, and Information Technology & Cyber
• Demonstrated sense of innovation and high degree of data literacy, enabling the use of modern automated techniques for risk management and internal audit
Competencies :
• Excellent leadership and team working skills
• Deep experience in risk management and internal audit across the whole lifecycle of engagements and across a wide cross-section of the risk taxonomy
• Excellent analytical skills, with demonstratable and relevant experience in :
oDetailed knowledge of Microsoft Office 365 Cloud-based applications; and,
oBasic to moderate levels of data analytics, either back end (data acquisition, sanitization, staging, etc) or front end (data reports, dashboards, dynamic queries, etc) through MS Excel and MS SharePoint (formulae, macros, VBA) and / or other proprietary or free DA / DE tools
• Well-honed interpersonal skills
• Ability for multi-tasking and switching focus based on priority and demand
• Attention to detail as well as the ability to appreciate the larger picture
• Excellent written and oral communication
💡 Quick Summary
Seeking a career-building opportunity? The Senior Executive position is now open for candidates interested in the MIS Executive sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in MIS Executive is a plus.