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Team Lead - Corporate Audit

Aditya Birla Group — Thane, THANE

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Experience 6-8 Years yrs
Age 21-35 yrs
Gender Both
Salary Not Disclosed LPA
Department Sales Loans
Product Loans

Job Description

Job Description – TL Corporate Audit

Enriching Lives Winning as ONE

 

 

ABC Company Info: 

Aditya Birla Capital Limited ("ABCL") is the holding company for the financial services businesses of the Aditya Birla Group. With subsidiaries/JVs that have a strong presence across Protecting, Investing and Financing solutions, ABCL is a financial solutions group that caters to the diverse needs of its customers across their life cycle. Powered by more than 38,000 employees, the businesses of ABCL have a nationwide reach with over 1300 branches, more than 2,00,000 agents/channel partners and various bank partners.

 

Aditya Birla Finance Limited: 

Aditya Birla Finance Limited (“ABFL”), a subsidiary of Aditya Birla Capital Limited, is among the leading well-diversified non-banking financial services company in India. ABFL offers customized solutions in the areas of personal finance, mortgage finance, SME finance, corporate finance, wealth management, debt capital markets and loan syndication.

 

What makes an ideal ABC Citizen?

At ABC, we are constantly on the lookout for individuals who resonate with our 5 core values of Speed, Passion, Integrity, Seamlessness and commitment and live them every day, while also understanding our vision. We believe in building leaders who thrive on challenges, take the onus of creating and sustaining strong teams, and forms strong networks as a result of effective relationship-building.

 

Role Details: 

 

Business

Aditya Birla Capital

Unit

Aditya Birla Capital Limited

Location

Mumbai

Role

TL Corporate Audit

Department

Internal Ausit

Eligibility Criteria

Bachelor or master’s degree, Experience in Collection for mid market/corporate

 

Required Skills & Competencies

 

Key Responsibilities: 

 

Key Result Areas  

Supporting Actions

Contribute in the Development of Audit Strategy and Plan

 

  • Contribute in developing the audit strategies for identification and assessment of various risks in corporate, risk management and control functions including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc., and current maturity level of controls in these functions. 

 

  • Contribute in developing the audit plans based on risk assessment and regulatory framework; ensure use of advanced integrated auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives

 

  • Guide and provide coaching to the audit team members for timely and quality execution of complex and specialised audit reviews covering all the key areas of corporate functions including risk management functions and control functions

 

 

 

Execution of Audit Strategy and Plan

 

  • Effective management and execution of the audit plan in accordance with the Policies, Procedures, Legal and Regulatory requirements, Internal Audit Standards, and leading best practices for proactive identification and remediation of various risks including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc. 

 

  • Conduct corporate functions audits (including audits of risk management functions and control functions) to provide independent and objective assurance on the adequacy and effectiveness of risk management and controls, and adherence to or compliance with the internal policies, standards and procedures as well as applicable laws and regulations

 

  • Conduct corporate functions audits (including corporate, risk management and control functions) testing ~5000+ controls across functions in ABFL in accordance with the Policies, Procedures, Legal and Regulatory requirements, Internal Audit Standards, and leading best practices  

 

  • Conduct risk-based, thematic and specialised audit reviews to assess the adequacy and effectiveness of the risk management and controls covering various key activities and areas such as legal and compliance risk management, fraud risk management, operational risk management, treasury and investment functions, liquidity risk management, third party risk/outsourcing risk management, vendor payments, general ledger and accounting controls, regulatory reporting, employee onboarding and payroll management, operations and customer service, complaints management, procurement and facilities management etc. 

 

  • Conduct review of application controls (automated business process controls) in the applications used by corporate, risk management and control functions and management information systems to assess adequacy and effectiveness of the controls

 

  • Provide effective recommendations for improvements to the organization policies, processes and practices based on leading industry practices and emerging risks

 

  • Develop processes for adequate and effective audit coverage of various risks including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc. and various applicable laws and regulatory circulars / guidelines across various regulators

 

  • Keep audit procedures and checklists current and updated keeping pace and aligned with changes in internal policies/guidelines as well as legal/regulatory changes and evolving industry best practices 

 

  • Ensure timely completion of audit plan and projects along with quality of audits, and meet with all audit documentation and reporting requirements as per audit policy and procedures and leading best practices 

 

  • Active and proactive engagement with stakeholders for implementation of recommendations for effective risk mitigations and improvement in the control environment

 

 

 

Continuous Monitoring

 

  • Contribute in the development of strategies for identification of triggers / risk hotspots and conduct unplanned reviews / investigations based on various triggers/ hot spots, directives received from regulators, board committees and senior management 

 

  • Keep abreast of the emerging audit trends and manage execution of key audit initiatives for efficient and effective achievement of the audit objectives

 

  • Implement a continuous monitoring process for ongoing assessment of various risks arising from and managed by the corporate functions (including corporate, risk management and control functions) in ABFL such as Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc. to ensure, timely identification and resolution of significant risk and control issues; Identify and develop ~7000+ automated tests for monitoring effectiveness of controls on an ongoing basis

 

 

 

Communication and Stakeholder Engagement

 

  • Effective communication and reporting to various stakeholders including regulators, board committee and senior management

 

 

 

Learning and Development

 

  • Guide and provide coaching to the audit team members for execution of complex and specialised audit reviews covering risk management and controls across various risks including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc. 
  • Continuous development of self through regular learning and sharing of knowledge / best practices. 

 

 

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Refer the links to know more Growth & Culture at ABC: https://www.adityabirlacapital.com/careers?ref=abc-homepage

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Disclaimer

 

 

Aditya Birla Capital is committed to provide equal opportunity to all in employment and prohibits discrimination or harassment in any form on the basis of race, colour, religion, ethnicity, age, gender, disability or any other characteristic protected by law. Diversity, Equity and Inclusion (DEI) is embedded in our recruitment policies based on our business needs and candidates meeting the eligibility criteria such as qualification, skills and experience.

 

 

 

Important

 

 

Frequently Asked Questions

What are the eligibility criteria for the Team Lead - Corporate Audit job at Aditya Birla Group?

Eligibility typically includes the qualifications and experience outlined in the job description above, with around 6-8 Years years of relevant experience expected for this role.

What are the primary responsibilities of a Team Lead - Corporate Audit at Aditya Birla Group?

The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Team Lead - Corporate Audit at Aditya Birla Group.

Is prior experience required for this position?

This role requires around 6-8 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.

What skills are important for this role?

Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.

How do I apply for the Team Lead - Corporate Audit role at Aditya Birla Group?

You can apply directly using the Apply Now button on this page, which will take you to Aditya Birla Group's application process for this role.