Deputy Manager- Internal Audit - BFSI, Mumbai Job Description Template
As Deputy Manager- Internal Audit in the BFSI sector, you will be responsible for working closely with the audit team to ensure thorough examination and evaluation of financial and operational processes. This position is based in Mumbai and focuses on risk assessment, compliance, and control enhancement within the organization.
Responsibilities
- Assist in planning and executing internal audit projects.
- Evaluate the adequacy and effectiveness of internal controls.
- Identify risks and recommend mitigation strategies.
- Prepare detailed audit reports with findings and recommendations.
- Ensure compliance with regulatory requirements and internal policies.
- Collaborate with various departments to rectify audit issues.
- Monitor audit follow-up and implementation of audit recommendations.
- Conduct periodic reviews and special investigations as needed.
Qualifications
- Bachelor's degree in Finance, Accounting, or related field.
- Certified Internal Auditor (CIA) or Chartered Accountant (CA) preferred.
- Minimum 5 years of internal audit experience in the BFSI sector.
- Strong knowledge of regulatory requirements and internal controls.
- Experience in conducting risk assessments and audits.
- Excellent analytical, communication, and reporting skills.
- Ability to work independently and within a team.
Skills
- Internal Audits
- Risk Assessment
- Regulatory Compliance
- Financial Analysis
- Audit Report Preparation
- Control Testing
- MS Excel
- SAP
- Data Analytics
- Microsoft Office
Frequently Asked Questions
A Deputy Manager- Internal Audit in BFSI is responsible for assessing risk management, control, and governance processes within a financial institution. They conduct audits, analyze financial reports, and ensure compliance with regulatory standards. By identifying discrepancies and recommending improvements, they help the organization maintain efficient and effective operations.
To become a Deputy Manager- Internal Audit in BFSI in Mumbai, one typically needs a degree in finance, accounting, or related fields, along with relevant certifications such as CA, CISA, or CIA. Experience in auditing or financial services is crucial. Strong analytical skills, attention to detail, and knowledge of financial regulations are essential for this role.
The average salary for a Deputy Manager- Internal Audit in BFSI in Mumbai varies depending on experience, qualifications, and the specific organization. Typically, salaries are competitive within the financial services sector, with opportunities for bonuses and career advancement based on performance and additional responsibilities.
Qualifications for a Deputy Manager- Internal Audit in BFSI typically include a bachelor's degree in finance, business administration, or accounting. Certifications like Chartered Accountant (CA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA) are highly beneficial. Relevant experience in financial services and auditing is also necessary.
Skills required include strong analytical and problem-solving abilities, attention to detail, and proficiency in financial analysis and auditing software. Responsibilities involve conducting internal audits, assessing financial controls, ensuring compliance with regulations, and providing recommendations for improving operational efficiency. Leadership and communication skills are also essential for managing audit teams and liaising with stakeholders.