R230400216
Internal Auditor
The Internal Auditor serves as a team member on complex audits, working under the direction of audit management and more senior auditors. Under moderate supervision, this job works on problems of diverse scope performing complex financial, operational and integrated audits of the company’s operations using the organization’s risk based internal auditing methodology.
Key Responsibilities and Duties
Participates in activities such as the execution of detailed programs for audits, the review of financial, operational, compliance and risk systems, processes and procedures to determine efficiency, effectiveness and alignment with internal policies, procedures, regulations and industry standards.
Analyzes audit data and observations and documents audit conclusions and findings.
Prepares remediation plans and makes recommendations which are subject to review by audit management.
Reviews and evaluates control structures to determine the adequacy of internal controls, operating efficiency and customer service.
Performs tests of records and accounts and verifies compliance with regulations and sound business practices.
Utilizes Microsoft Excel skills and working knowledge of data analytics and other relevant tools (e.g. Power BI, Tableau, Python) to perform effective and efficient audits.
Collaborates with and leverages data analytics and information technology specialists, as appropriate, to identify and implement advanced testing methods.
Educational Requirements
University (Degree) Preferred
Work Experience
1+ years Required
3+ years Preferred
Physical Requirements
Physical Requirements: Sedentary Work
Career Level
6IC
Company Overview:
TIAA GBS India was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA GBS India is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space. Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.
Key Duties & Responsibilities:
List up to 5 key duties and responsibilities, management responsibilities and time spent (if applicable)
Position Summary:
This position serves as a team member to validate the remediation of moderately complex Management Action Plans (MAPs) emanating from Global / Enterprise Business Management audits, executed remotely from TIAA India, working under the direction of audit management and more senior auditors. Aids in performing timely review and validation of specific actions taken by management to mitigate the risk(s) identified in the audit issue in order to maintain a healthy control environment. Validation of MAPs encompasses financial, operational, integrated audits and advisories of the Company in accordance with TIAA’s Internal Audit (IA) Methodology.
Key Responsibilities:
Handles routine to moderately complex assignments relative to validation of Management Action Plans and control testing of assigned Internal Audits.
Perform testing of remediated issues to validate the action plan implemented by management to mitigate the identified risk.
Select appropriate sample size per TIAA IA Methodology in support of the testing performed.
Obtain and evaluate evidence(s) for sufficiency, appropriateness and adequacy of the remediation efforts.
Maintain high quality of validation documentation to evidence that the reviewed and validation performed can be understood by an independent third party reader to enable them to draw a similar conclusion.
Maintain validation document along with evidences in audit database for sign-off.
Assist audit team in tracking and reporting the status of open audit issues and related MAPs.
Disseminate and share best practices with audit team to add value to the MAP validation process.
Participate in recommending enhancement(s) to the MAP validation process to gain efficiencies.
Perform design evaluation and operating effectiveness testing of assigned controls from audit engagements.
Analyze audit data/observations and document audit conclusions/findings.
Management/Leadership Responsibility: Is management of people a primary focus of the role? If so, how many direct and indirect employees are managed? Do any of them manage a function or process?
None.
Business or Industry Expertise: Describe the degree of knowledge and understanding required of TIAA’s business and industry, commercial environment and of competitors products and services.
Requires knowledge of internal audit best-in-class practices; risk management; and regulatory guidance and expectations (FRBB, OCC, SEC, State Insurance). Requires proficient knowledge of financial services products, services and regulations.
Must have strong working knowledge and experience with the Institute of Internal Auditor’s (IIA) International Professional Practices Framework (IPPF) to which the Internal Audit division’s methodology is aligned.
Working knowledge of data analytics tools (e.g. Power BI, Tableau) will be a plus.
Interactions / Interpersonal Skills: Describe the nature and level of interactions this job has with others, both internally and externally. Explain any specific interpersonal skills necessary to successfully perform this role (i.e., negotiation skills, represents business at external events or to governmental bodies, etc. ).
Regularly interacts with audit team and leadership within the business area and across groups to resolve issues, gain needed information to undertake validation of MAP. May interact with external contacts, such as auditors and regulators, as needed.
Job Requirements And Qualifications: Indicate the minimum and preferred education and experience for the job and any licenses and certifications required
Required Education:
Bachelor’s degree in Accounting, Finance or other related discipline required
Preferred Education:
Certified Internal Auditor (CIA), Chartered Accountant (CA) or Certified Public Accountant (CPA)
Required Experience:
2 years of auditing, accounting or other relevant experience.
Preferred Experience:
3 years of auditing, accounting or other relevant experience
Experience in a regulated financial services environment is preferred.
Advanced Microsoft Excel and working knowledge of data analytics tools (e.g. Power BI, Tableau).
Skills and Abilities:
Certified Internal Auditor (CIA), Chartered Accountant (CA) or Certified Public Accountant (CPA) or similar professional certification is a plus. In the event that the candidate does not maintain the CIA, CA, or CPA, the candidate will be required to complete one of these certifications within 18 months of joining the Internal Audit Division.
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Related Skills
Adaptability, Auditing, Audit Process Improvement, Communication, Critical Thinking, Data Analysis, Problem Solving, Relationship Management, Technology Systems
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Company Overview
TIAA GBS India was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA GBS India is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space.
Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
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