Internal Audit Consultant - 1 year contract opportunity

Location

Mumbai | India

Job description

Job Title: Internal Audit Consultant (Banking/NBFC Sector)

Job Description:

We are seeking an experienced Internal Audit Consultant with a strong background in the Banking or Non-Banking Financial Company (NBFC) sector to join our team on a 1-year contract basis. The ideal candidate will be a Certified Accountant (CA) with at least 5 years of experience in internal audit within the banking or NBFC industry. The Internal Audit Consultant will be responsible for conducting comprehensive internal audits, assessing risks, and providing recommendations to improve internal controls and compliance processes.

Responsibilities:

• Conduct risk assessments and develop annual internal audit plans based on identified risks and regulatory requirements specific to the banking or NBFC sector.
• Perform detailed internal audit procedures, including testing of controls, reviewing financial transactions, and assessing compliance with regulatory guidelines and internal policies.
• Evaluate the effectiveness of internal controls and governance processes related to financial reporting, loan origination, credit risk management, operational processes, and other key areas within the banking or NBFC operations.
• Identify control deficiencies, operational inefficiencies, and areas for improvement, and provide practical recommendations to mitigate risks and enhance controls.
• Prepare clear and concise internal audit reports summarizing audit findings, recommendations, and management responses, and present findings to senior management and audit committees as needed.
• Collaborate with key stakeholders, including business unit leaders, risk management, and compliance functions, to facilitate the implementation of audit recommendations and monitor progress.
• Stay abreast of regulatory developments, industry trends, and emerging risks in the banking and NBFC sector, and incorporate relevant insights into audit planning and execution.
• Maintain professional standards and adhere to ethical guidelines in conducting internal audit activities.
• Provide support and guidance to junior audit team members as needed.

Requirements:

• Bachelor's degree in Accounting, Finance, or related field.
• Certified Accountant (CA) qualification is mandatory.
• Minimum of 5 years of experience in internal audit within the banking or NBFC sector.
• Strong understanding of banking and financial services operations, products, and regulatory requirements.
• Proficiency in conducting risk assessments, developing audit plans, and executing internal audit procedures.
• Excellent analytical skills with the ability to interpret complex financial data and regulatory guidelines.
• Strong communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels of the organization.
• Ability to work independently and manage multiple priorities in a fast-paced environment.
• Proficiency in Microsoft Office suite (Excel, Word, PowerPoint).
• Experience with internal audit software/tools is preferred.

Job tags

Salary