JOB SUMMARY

This position (AVP - Internal Audit) is responsible for designing risk-based internal audit plan and strategically managing the internal audit function in accordance with internal audit charter and the professional standards for internal auditing.

This role shall be primarily responsible for providing reasonable assurance on the effectiveness of the organization’s risk management and the strength of internal controls. The position assesses organization-wide compliance of internal policies and procedures, laws and regulations, efficiency of operations, and accuracy of programmatic and regulatory reporting/compliance and also contribute in overall control posture of an organization.

KEY RESPONSIBILITIES

Perform organization wide risk assessment and develop annual risk-based internal audit plan for approval from Audit Committee (AC).
Identify recent themes which can be added as part of proposed Internal Audit (IA) plan and provide highlights of previous year.




Provide technical assistance and subject-matter expertise to team members in designing risk universe at process level and identify new risk areas to ensure quality of reviews and effective reporting of observations.
Manage the audit to ensure that overall audit is performed in accordance to the steps as defined in Internal Audit manual including methodical documentation of work plans, testing results, conclusions and recommendations.
Lead audit closure meetings with process owners and provide update / reporting exceptions to functional SLTs.
Provide practical recommendations for process improvement in order to mitigate associated risks, to ensure compliance, adequacy and reliability of internal controls & procedures.
Ensure follow up on findings and corrective actions and assist process owners in practical implementation of recommendation to improve operational efficiencies and overall control posture for the organization.
Coordinate and assist with the preparation of Audit Committee and management co

📌 AVP – Internal Audit (Gurugram)
🏢 Axis Max Life Insurance
📍 Gurugram