About the role
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. Duties and Responsibilities 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/ 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.