Cluster Manager - Corporate Audit Services

Job Purpose

To act as a key team member of the Corporate Audit Services (CAS) at BFL. Supports the audit team in conducting concurrent audits across various business units. Ensure contribution in planning, scoping & execution concurrent audit reviews. Frame the audit observations citing process gaps, simplification & value addition. Discuss the audit observations & obtain preliminary audit responses under the supervision of National Leads. Additionally, contribute to team activities such as Documentation, knowledge sharing & keeping updated with organizational development.

1. Planning

? Contribute to CAS AOP process. CAS presents new theme every year for AOP. AOP includes mission statement org structure, capacity planning, theme & detailed area coverage, calendar.

? Explore & participate in standardizing theme / plan. Also contribute in AOP plans for group companies.

? After getting approval from the Board, follow the month wise audit plan.

2. Audit support & execution

? Assist in planning and executing concurrent audits of financial and operational processes

? Review critical fields availability and accuracy in customer loan collaterals on a set frequency

? Review KYC documents, PAN/Form 60 including customer photo availability in BFL system

? Verification of KYC documents submitted during onboarding by customer

? Review data submission to Bureau, UCIC creation process etc

? Execute above areas under the guidance of National Lead for conducting the audit fieldwork.

? Prepare draft audit report with key observations and share with auditee within agreed timelines

? Conduct meetings with the business stakeholders with weekly/fortnightly/monthly frequency and define the Corrective Action and Preventive Action for observations shared

3. Documentation & Reporting

? Prepare and maintain audit work papers and evidence

? Use standardized formats & Templates for documentation and timely upload in audit system

? Update Tracker as per agreed format within agreed timeline

4. Audit presentation and review

? Prepare draft audit observations for the audit report. Work under supervision of National Leads to compile the observations with appropriate drafting, backup & data support. Obtain first level audit responses.

? Attend the Steering Committee meeting/ MD review need based & assist in preparation of audit report

5. Capability enhancement

? Remain updated with latest BFSI, Accounting, technology, Fintech & compliance related developments. Also Stay updated and aware of any changes in internal business processes/ practices; ensure that these are factored into the audit frameworks.

6. Team Management and Coaching

? Participate in team activities around technical & soft skills enhancement

Key Decisions / Dimensions

? Specific area prioritization during field work in terms of what areas to focus on and what testing approach to be used.

? Deciding the approach for data analysis; what sample size to take and how to analyze the data.

Major Challenges

? BFL is a fast-paced growing organization with 40+ product pool. The business processes are changing at a very fast pace, so it is important to keep oneself updated and in fact, try to think ahead of the business.

? External world around compliance requirements & Fintech / technology is growing & changing rapidly. The modern technologies are complex & integrated. Need to stay focused on business & IT impact during the reviews on any of the blind spots / broken chains in the same.

Required Qualifications and Experience

a) Qualifications

? Minimum Qualification: CA Inter/ M.COM/ B.COM

b) Work Experience

? Minimum 2-4 years of experience (with Big 4 firms / reputed companies- BFSI)

? Strong acumen to analytical skills, process approach, out of box thinking, interpersonal communication and ability to assess the processes in light of the business impact.