internal Audit(Financial Services)

Job Description:

Please find the details below

Position :Internal Audit (Financial services)

Location : Mumbai

Experience requirement : 2-5Years

Joining Date : Immediate to 30 days 

Job description

• you will work with our clients to assess and enhance their internal control systems, risk management, and financial processes
• You will provide risk advisory services to identify vulnerabilities, ensure regulatory compliance, and enhance operational efficiency

Key Responsibilities

• Client Engagement: Collaborate with clients to understand their business operations, objectives, and challenges related to internal controls, financial processes, and regulatory compliance
• Risk Assessment: Conduct risk assessments to identify vulnerabilities and gaps in internal controls, compliance, and financial processes
• Internal Audits: Plan, execute, and manage internal audit engagements, including financial, operational, and compliance audits
• Regulatory Compliance: Ensure that clients adhere to relevant financial regulations and industry standards, providing recommendations for compliance improvement
• Process Improvement: Identify areas for process improvement and operational efficiency, and provide actionable recommendations
• Control Testing: Perform control testing and evaluate the effectiveness of internal controls to mitigate financial and operational risks
• Audit Reporting: Prepare detailed audit reports, highlighting findings, recommendations, and action plans for clients
• Client Relations: Maintain strong client relationships, provide ongoing support, and address client concerns or inquiries
• Team Collaboration: Collaborate with cross-functional teams, including risk advisory, compliance, and financial services experts
• Documentation: Maintain comprehensive documentation of audit procedures, findings, and recommendations
• Training and Development: Stay current with industry regulations, best practices, and emerging trends, and share knowledge with the team

Qualifications

• Bachelor's or Master's degree in Finance, Accounting, Business, or a related field
• Several years of experience in internal audit, risk advisory, or financial services within the consulting or financial sector
• Strong knowledge of financial regulations, internal controls, and risk management
• Excellent analytical, problem-solving, and communication skills
• Proficiency in audit software and tools
• Experience in internal audit consulting for financial services clients
• Knowledge of specific financial regulations and compliance standards in the financial services sector
• Understanding of data analytics and data-driven audit approaches
• Familiarity with industry-specific audit frameworks (eg, COSO)