Job Description Position Manager Incumbent Department Internal Audit Function Internal Audit Reporting to AVP - Internal Audit Band 3B Location Gurgaon Team size (D/I)

Job Summary

- Performing internal audit in accordance with internal audit charter and the professional standards for internal auditing.

Leads operational development of internal audit & assurance services

- Provide assurance on the effectiveness of the organization s risk management and internal controls to the Board (vide Audit Committee) on the effective internal audit and controls

Reviewing and assessing the adequacy and effectiveness of internal controls as well as reporting on its strategies, policies and procedures.

Key Responsibilities

Internal Audit Plan

o Identify new themes which can be added as part of proposed Internal Audit (IA) plan and identify current risk areas and conduct risk based audits to ensure quality of reviews and effective reporting of observations.

o 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.

o Ensure results of other external audits consistent with the Internal Audit work (performed by the in-house team) with minimum material differences

o Provide recommendations for process improvement in order to mitigate associated risks, to ensure compliance, adequacy and reliability of internal controls & procedures.





o 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.

o Drive automation in selected areas of audit which are of recurring nature and increasing the level of accuracy while reducing the processing timelines.

o Active participation and contribute towards assurance reviews as per the requirement of Senior Management and Audit Committee.

Stakeholder Management

o Lead audit closure meetings with process owners and provide update / reporting exceptions to functional leaders.

o Provide timely and periodical update to Senior Leadership Team and Quarterly Audit Committee by preparing updated presentation.

Measures of Success

o Ensure documentation in accordance with the defined audit methodology

o Lead audit closure meetings and exception reporting to functional leaders / SLTs.

o Ensure results of other external audits is consistent with the work performed by Corporate Audit team with minimum material differences to safeguard reputational risk of the organization (penalties etc.).

o Identify opportunities and increasing efficiency of Corporate Audit team as a whole.





o Ensure quality of reviews and effective reporting of observations.

o 100% adherence to Audit Plan for the Internal Audits assigned as per timelines and defined process in IA manual.

Key Relationships (Internal /External)

o Senior Management (Functional leaders / SLTs) including CRO / CCO

o Cross functional teams

o Process Owners

o Outsourced Vendors

Key competencies/skills required

o Collaboration and Stakeholder Management

o Team Management and development

o Coaching new joiners and existing team members and making them future ready

o Strategic and Analytical mindset

o Problem solving ability

o Willing to take multiple priorities (multi-tasking)

o Growth Mindset

o Domain knowledge of Insurance Industry

o Negotiation skill

Desired qualification and experience

Preferably CA having > 5 years of rich experience working in auditing environment

IA experience of Insurance Industry

Experience of managing team members (including co-sourced partners) with varied experiences for specialized audits.

Ability to effectively communicate with external stakeholders and senior management

Technically proficient in audit, assurance and risk assessment area.

Experience of participating in cross functional projects and contributing for overall success of project.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Deputy Manager - Internal Audit (Gurugram)
🏢 Axis Max Life Insurance
📍 Gurugram