Internal Audit (Control Testing)

Job description

Deloitte India is looking for an Internal Audit professional from the financial services sector for Manager/ Associate Director roles.

The placement will be in the Internal Audit Market Offering (part of Risk Advisory) which focuses on Operational and Regulatory Compliances and Process and Controls Advisory in the Banking and Financial Services Sector.

The opening is concerning the team that specializes in working on Financial Services clients, across Banking / NBFC, Fintechs, Asset Management, Capital Market or Custodian, Broking houses, Stock Exchanges, or working with Global Back offices of leading BFSI clients.

The nature of engagements would span conducting internal audits, Policy and Controls Reviews, Process Advisory, and Regulatory Compliance Reviews. Further, the individual would be exposed to working on diversified cross-functional teams in the given area of specialization.

Preferred background:

• Have a good understanding of the Risk & control framework and the underlying concepts on Risk Management.
• Assist in performing the monitoring review that augment the principles defined per ARCM (Activity, Risk, Control & Monitoring).
• Involve in Control & Monitoring Design Assessment (CMDA) meetings and understand the monitoring steps and correlate with the controls
• Monitor the compliance of control as appropriate to the regulatory requirement. This could be mostly in the Medium to High complex reviews with an Inherent Risk rating of 1 or 2 (predominantly).
• Collaborating with onshore and offshore team in gathering the necessary evidence required to perform the testing. Escalate any control failures.
• Timely submission of results in the xxxx Risk & Control system.
• Assisting in the creation and maintenance of reports for control tracking and analysis
• Identify risks across the business and organize cross-functional solutions
• Additional duties as assigned

Roles & Responsibilities:

• Leading/execution of Internal Audit / risk & controls / Advisory engagements in the BFSI domain
• Responsible for end-to-end delivery including supervising and reviewing engagement teams
• Coordination with other service lines within the firm for internal opportunities
• Establishing strong professional relationships with external clients and internal team members • Supporting the partners in driving select client relationships of the firm
• Taking the lead and responsibility on internal practice improvement initiatives relating to quality, risk, people, etc.
• Developing and mentoring teams

Skill Set Requirements:

• 5 years of relevant experience in managing Operational Risk, etc.
• Prior work experience in Risk & Control domain viz. internal control/ quality check/ monitoring is desirable.
• Excellent written and verbal communication skills .
• Ability to perform under pressure.
• Ability to manage multiple tasks and priorities.
• Ability to function independently.
• Proficient in MS Office Word, Excel and PowerPoint applications

About Deloitte India (DI) - RA

Deloitte Risk Advisory helps entities mitigate risk while discovering new opportunities to create value. Our end-to-end risk services span all domains, from managing strategic risks in the C-Suite to improving board oversight, and from balancing financial and environmental policies to addressing cyber threats.

About Company

We are one of the leading professional services organizations in India offering a range of consulting services across five major cities - Mumbai, Delhi, Chennai, Bangalore and Baroda. Whether you are seeking to enhance & develop local business, expand into new markets or invest in India, we can work with you in achieving your business vision. When you come to us, you get the kind of global thinking that helps us approach business challenges more broadly and deeply, bringing greater value to our clients.

Deloitte drives progress. Our firms around the world help clients become leaders wherever they choose to compete. Deloitte invests in outstanding people of diverse talents and backgrounds and empowers them to achieve more than they could elsewhere. Our work combines advice with action and integrity. We believe that when our clients and society are stronger, so are we.

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