Designation / Role: Manager – Internal Audit & Risk

Department: Internal Audit / Risk

Location: Mumbai, Andheri

Reporting Manager: Senior Management / Head of Internal Audit & Risk

Experience: 4–5 years

Qualification: CA

Role Overview

We are looking for a Manager – Internal Audit & Risk with hands-on experience in Internal Audit, Risk Assessment, Internal Controls, Enterprise Risk Management and Compliance.

The candidate will be responsible for identifying and assessing key business and operational risks, evaluating the effectiveness of internal controls, conducting risk-based internal audits, tracking audit observations and supporting management in strengthening the organisation's risk and control framework.

The role requires solid exposure to Internal Audit & Risk, with the ability to work closely with business functions, identify control gaps, assess risks and present actionable insights to senior management.

Key Responsibilities1. Internal Audit & Risk Assessment

- Plan and execute risk-based internal audits across business and support functions.
- Identify and assess financial, operational, compliance, process and strategic risks.
- Conduct process walkthroughs and evaluate the adequacy and effectiveness of internal controls.
- Identify control gaps, process weaknesses and potential areas of financial or operational risk.
- Prepare audit working papers, observations and supporting documentation.
- Recommend practical corrective and preventive actions to address identified risks.

1. Enterprise Risk Management

- Maintain and periodically update the Enterprise Risk Register.
- Coordinate risk assessments with various business and functional teams.




- Assess inherent and residual risks and monitor mitigation plans.
- Ensure risks are appropriately linked with business processes, controls, KPIs and KRIs.
- Monitor emerging risks and assess their potential impact on the organisation.
- Support enhancement of the ERM framework in line with recognised risk-management practices and regulatory expectations.

1. Internal Controls & Governance

- Review existing policies, SOPs and control frameworks and identify areas requiring improvement.
- Evaluate the design and operating effectiveness of key internal controls.
- Support management in strengthening governance, risk and control processes.
- Monitor implementation of agreed audit recommendations and maintain an audit issue/action tracker.
- Conduct follow-up reviews to ensure timely closure of audit observations.

1. Risk & Compliance

- Monitor compliance with applicable laws, regulations, internal policies and management guidelines.
- Identify compliance-related risks and control deficiencies.
- Coordinate with relevant stakeholders for remediation of identified gaps.
- Track regulatory and industry developments that may impact the organisation's risk profile.
- Support management in developing appropriate mitigation strategies for significant risks.

1. Management & Board Reporting





- Prepare Internal Audit and Risk dashboards, MIS and management reports.
- Present key audit findings, risk trends, control gaps and mitigation status to senior management.
- Support preparation of presentations for the CEO, Board of Directors, Audit Committee and senior leadership.
- Highlight significant risks, overdue action points, control failures and emerging risk areas.

1. Stakeholder Management

- Work closely with Finance, Operations, Legal, Compliance, Projects and other business functions.
- Conduct discussions with process owners to understand business processes and associated risks.
- Communicate audit observations clearly and work with stakeholders on practical remediation plans.
- Coordinate with external auditors, consultants and other assurance functions wherever required.

Key Skills & Competencies
- Strong hands-on experience in Internal Audit and Risk Management
- Risk-based internal audit methodology
- Enterprise Risk Management / Risk Register
- Internal controls and control testing
- Risk & Control Matrix (RCM)
- Process and compliance audits
- Root-cause analysis and risk assessment
- Audit observation and report writing
- Audit issue tracking and closure
- Risk dashboards, MIS and management reporting
- Strong analytical and problem-solving skills
- Excellent stakeholder-management and communication skills
- Strong presentation skills
- Advanced MS Excel and PowerPoint
- Knowledge of GRC / Risk Management tools will be an advantage

Good understanding of governance, compliance and regulatory requirements Pay: ₹2,500,000.00 - ₹3,000,000.00 per year

Work Location: In person

📌 Internal Audit and ERM (Andheri)
🏢 LyfLeap Talent Solutions Private
📍 Andheri