Senior Executive - Internal Audit

APosition Overview

Position Title

Branch Auditor

Department

Internal Audit

Level/ Band

251/301 – Senior Executive/Assistant Manager

Role Summary:We are seeking an experienced Branch Auditor to join our Internal Audit team. The jobholder will be responsible for conducting branch audits across 100+ branches PAN India (Offline (60%) and Online (40%)), ensuring compliance with internal policies, regulatory requirements, and operational efficiency. In addition to branch audits, the role involves assisting in process audits and contributing to risk management initiatives.

BOrganizational Relationships

Reports To

AVP/SM Internal Audit

Supervises

Individual contributor

CJob Dimensions

Geographic Area Covered

Pan - India. All Departments

StakeholdersInternal

Head of Audit

Senior Management / All Departments - management categories

External

NA

Education

BCOM, MBA

Experience

Minimum 2–5 years in branch audits, preferably in life insurance or financial services.

DKey Result Areas

Branch Audits:

·Plan and execute audits for branches across India (approx. 60% travel).

·Perform risk-based audits covering operational, financial, and compliance aspects.

·Identify control gaps, process inefficiencies, and recommend corrective actions.

·Review previous audit reports, if any, to check clearance of key issues

·Prepare preliminary risk assessment matrix (RAM), identifying key risks and controls/checklist in the audit area.

Virtual Audits:

·Comfortable with virtual audit methodologies and remote collaboration tools.

·Conduct remote audits for branches (approx. 40% of total audits).

·Utilize digital tools and data analytics for effective virtual audit execution.

Process Audits & Support:

·Assist in audits of key business processes

·Collaborate with cross-functional teams to strengthen internal controls.

·Perform specialized auditing of a broad range of operational, financial and compliance functions as set out in the annual audit plan.

Reporting & Follow-up:

·Prepare audit programs and detailed audit work papers incorporating test schedules, observations, and audit conclusions.

·Prepare detailed audit reports highlighting findings, risks, and recommendations.

·Track implementation of corrective actions and report progress to management.

·Complete work paper documentation in audit software - Teammate (TM) and ensure all work papers contain sufficient supporting documentation and have been properly referenced on Team Mate;

·Comply with Quality Assurance checklists to ensure that working papers are complete and serve as a stand-alone reference to support audit findings.

·Submit report to audit engagement manager for review

·Participate in risk mitigation plans, contingency planning, business continuity programs by executing and reporting within defined timelines. Highlight and recommend process gaps, flaws and process changes.

·MUST HAVE – Excellent skills in Microsoft EXCEL and good aptitude to adopt new system.

Competencies:

HR to include latest table applicable for Senior Executive/Assistant Manager

Skills Required

Technical

Good knowledge of internal audit concepts and methodology.

Good knowledge / experience of operational, financial and compliance audit

Excellent knowledge of MS Excel and good control over keyboard command while using Excel

Proficiency in use of computers, including MS Word and PowerPoint.

Strong written and oral communication skills

Behavioral

Professional Skepticism, high energy level and initiative, team player

Essential

Desired

Interpersonal skills

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Communication skills

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Creative thinking skills

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Supervising/Leadership skills

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Teamwork Skills

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Influencing skills

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Relationship Building skills

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Decision making skills

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