- Conduct risk-based internal audits as per the approved audit plan.
- Perform process walkthroughs, control testing, data analysis, and substantive reviews.
- Identify control gaps, process inefficiencies, and emerging risks.
- Prepare explicit and concise audit observations with root cause analysis and practical recommendations.
- Discuss findings with process owners and obtain management responses.
2.Risk & Control Assessment
- Evaluate adequacy and effectiveness of internal controls and governance mechanisms.
- Review compliance with regulatory requirements, internal policies, SOPs, and delegation matrices.
- Assess operational, financial, compliance, and fraud risks across functions.
- Support enterprise-wide risk and control assessments where required.
3.Continuous Monitoring & Analytics
- Develop and execute continuous auditing / continuous control monitoring routines.
- Use analytics and exception reporting to identify unusual trends, anomalies, or high-risk transactions.
- Stakeholder Management
- Coordinate with business teams for audit discussions, data requirements, and closure of observations.
- Track implementation status of audit recommendations.
- Support presentations and reporting to senior management and Audit Committee.
5.Process Improvement
- Recommend process enhancements to improve efficiency, control effectiveness, and customer outcomes.
- Participate in special reviews, investigations, and thematic audits as assigned.
6.Team & Compliance Support
- Guide junior team members during audit assignments.
- Ensure audit documentation is maintained in line with internal standards and quality requirements.
- Support preparation of MIS, dashboards, and audit analytics.
Preferred candidate profile
- Candidate with 4-5 yrs of Internal Audit experience in Life Insurance sector will be preferred .