Join Our Internal Audit Team We are expanding our team and looking for talented, motivated, and detail-oriented professionals to join our Internal Audit Department. Department: Internal Audit & Controls Qualification: CA/CIA/CMA/CISA/CFE 1. Role Overview The role involves conducting risk-based internal audits, thematic audits, forensic reviews and technology-related audits across the organisation's business functions. The candidate should possess strong regulatory knowledge of the securities and capital markets industry, with in-depth understanding of retail broking operations, regulatory requirements and internal control frameworks. 2.

Key Responsibilities
• Thematic Audits: Independently plan and execute thematic audits based on emerging risks, regulatory developments, business trends, control gaps and recurring audit observations.
• Forensic Audits & Investigations: Conduct preliminary investigations, transaction reviews, data analysis and forensic assessments relating to suspected fraud, employee misconduct, control circumvention, conflicts of interest and other irregularities.
• Retail Broking Audits: Conduct detailed audits of retail broking operations, including client onboarding, KYC, client funds and securities, RMS, dealing room operations, order execution, client complaints, surveillance, settlement and exchange-related compliance.
• Business & Regulatory Audits: Conduct audits across Institutional Broking, Investment Banking, Wealth Management, AIF, Internal Audit, PMS and other applicable business functions, considering their respective regulatory and operational requirements.
• Systems & Cyber Audits: Assess IT general controls, application controls, user access management, privileged access, change management, information security, cybersecurity and data protection controls.
• ISO & Control Frameworks: Evaluate adherence to applicable ISO standards, information security frameworks, documented policies, procedures and internal control requirements.
• Regulatory Compliance:



Assess compliance with applicable SEBI regulations, stock exchange and depository requirements, circulars, internal policies and other relevant regulatory obligations.
• Risk Assessment & Reporting: Identify control weaknesses, assess inherent and residual risks, establish root causes and recommend practical corrective actions.
• Audit Closure & ATR Monitoring: Track audit observations, validate management action plans, monitor overdue items and assess the effectiveness of corrective actions.
• Management Reporting: Prepare audit reports, thematic review findings, risk summaries and presentations for senior management and relevant governance forums.
• Data Analytics: Use data-driven techniques to identify unusual transactions, patterns, exceptions and potential control failures. 3. Mandatory Skills & Experience
• Demonstrable experience in thematic audits — mandatory.
• Strong and in-depth knowledge of retail broking operations and the Indian securities market.
• Working knowledge of regulatory requirements applicable to retail and institutional broking, Investment Banking, Wealth Management, AIF and PMS.
• Experience in forensic audits, investigations, fraud risk assessment or transaction reviews.
• Exposure to system audits, cybersecurity reviews, IT general controls and application controls.
• Knowledge of ISO standards and information security/control frameworks.
• Solid analytical, documentation, report-writing and stakeholder-management skills.
• Ability to independently manage audits from planning and execution through reporting and closure.
• Proficiency in Excel and audit data analysis; experience with analytics or audit automation tools is an advantage. 4. Preferred Candidate Profile
• Candidates with experience in a stockbroker, securities firm, financial services organisation, Big Four or reputed risk advisory/internal audit firm will be preferred.
• Candidates should demonstrate professional scepticism, integrity, independence, sound judgement and the ability to challenge business practices constructively.

📌 Internal Audit (Mumbai)
🏢 IIFL Capital Services
📍 Mumbai