Job Purpose To act as a key team member of the Corporate Audit Services (CAS) at BFL. Supports the audit team in conducting concurrent audits across various business units. Ensure contribution in planning, scoping & execution concurrent audit reviews.

Frame the audit observations citing process gaps, simplification & value addition. Discuss the audit observations & obtain preliminary audit responses under the supervision of National Leads. Additionally, contribute to team activities such as Documentation, knowledge sharing & keeping updated with organizational development.

Duties and Responsibilities

1. Planning

- Contribute to CAS AOP process. CAS presents new theme every year for AOP. AOP includes mission statement org structure, capacity planning, theme & detailed area coverage, calendar.
- Explore & participate in standardizing theme / plan. Also contribute in AOP plans for group companies.
- After getting approval from the Board, follow the month wise audit plan.

- Audit support & execution

- Assist in planning and executing concurrent audits of financial and operational processes.
- Review critical fields availability and accuracy in customer loan collaterals on a set frequency.
- Review KYC documents, PAN/Form 60 including customer photo availability in BFL system.
- Verification of KYC documents submitted during onboarding by customer.
- Review data submission to Bureau, UCIC creation process etc.
- Execute above areas under the guidance of National Lead for conducting the audit fieldwork.
- Prepare draft audit report with key observations and share with auditee within agreed timelines.
- Conduct meetings with the business stakeholders with weekly/fortnightly/monthly frequency and define the Corrective Action and Preventive Action for observations shared.

- Documentation & Reporting

- Prepare and maintain audit work papers and evidence.
- Use standardized formats & Templates for documentation and timely upload in audit system.
- Update Tracker as per agreed format within agreed timeline.

- Audit presentation and review





- Prepare draft audit observations for the audit report. Work under supervision of National Leads to compile the observations with appropriate drafting, backup & data support. Obtain first level audit responses.
- Attend the Steering Committee meeting/ MD review need based & assist in preparation of the audit report.

- Capability enhancement

- Remain updated with latest BFSI, Accounting, technology, Fintech & compliance related developments. Also stay updated and aware of any changes in internal business processes/ practices; ensure that these are factored into the audit frameworks.

- Team Management and Coaching

- Participate in team activities around technical & soft skills enhancement.

Key Decisions / Dimensions

- Specific area prioritization during field work in terms of what areas to focus on and what testing approach to be used.
- Deciding the approach for data analysis; what sample size to take and how to analyze the data.

Major Challenges

- BFL is a fast-paced growing organization with 40 product pool. The business processes are changing at a very fast pace, so it is important to keep oneself updated and in fact, try to think ahead of the business.
- External world around compliance requirements & Fintech/technology is growing & changing rapidly. The contemporary technologies are complex & integrated. Need to stay focused on business & IT impact during the reviews on any of the blind spots/broken chains in the same.

Required Qualifications and Experience a) Qualifications

- Minimum Qualification: CA Inter/ M.COM/ B.COM

b) Work Experience

- Minimum 2-4 years of experience (with Big 4 firms/reputed companies- BFSI).
- Strong acumen to analytical skills, process approach, out of box thinking, interpersonal communication, and ability to assess the processes in light of the business impact.

Locations Basic Section

Job Level: GB05

Job Title: Cluster Manager - Corporate Audit Services, Corporate Audit Services, Corporate Audit Services

Job Location Country: India

State: MAHARASHTRA

Region: West

City: Pune

Location Name: Pune Corporate Office - Fountainhead

Tier: Megapolis

📌 Cluster Manager - Corporate Audit Servic... (India)
🏢 Bajaj FinServ
📍 India