General Manager – Internal Audit – Banking/Financial Services – CA

We’re hiring for the profile of General Manager – Internal Audit for Delhi location

Education: CA

Experience: 14 – 20 years of progressive experience in Audit, Risk & Assurance

Budget: 60 LPA (including variable)

Role Overview:

The General Manager – Audit will be responsible for leading the internal audit function, strengthening governance frameworks, driving risk – based audits, and ensuring compliance with regulatory and organizational requirements. The role will partner closely with senior management, Audit Committee, and the Board.

MUST HAVE:

– Knowledge of Tech Tools like Power BI or Tableau, Data Analytics, Control Self Assessments, Continuous Control Monitoring, etc.

– Best processes around various areas eg. Given Fixed Assets, Attendance monitoring of outsourced Labour

– Presentations to Management CEO, Audit Committee, BCM, GCM

– Skilled in power point, AI / ML, SAP preferably in S4 Hana

Key Responsibilities:

1. Audit Universe & Annual Audit Planning:

– Develop, maintain, and continuously monitor the Audit Universe and Annual Audit Scope, ensuring alignment with Business objectives and MAG strategy.

– Finalize the Annual Audit Plan in consultation with Management.

– Oversee cost – effective engagement of outsourced audit firms for Joint Ventures, Associates, and Subsidiaries.

– Review draft and final audit reports prior to submission to the Audit Committee / Board.

– Monitor and provide oversight on the Audit Tracking (ATR) mechanism.

2. Revenue Audit, Cost Optimization & Interest Cost Review:

– Identify opportunities for revenue enhancement across Aero and Non – Aero segments.

– Identify areas for cost reduction, optimization, and frugality initiatives.

3. Pre – Audit & Concurrent Audits:

– Conduct pre – audit and concurrent audits for contracts, purchase orders, and payments beyond specified thresholds, as directed from time to time.

– Ensure timely completion of audits and validation of management’s compliance with audit observations and recommendations.

4. Compliance – Commercial, Contracts & Regulatory:

– Contractual compliances.

– Internal policies, procedures, and systems.

– Implementation and monitoring of Internal Financial Controls (IFC)

5. Audit Reporting & Compliance Monitoring:

– Define responsibilities and timelines to management personnel

– Follow up on statutory auditors, cost auditors and secretarial auditors review reports to update audit universe, audit scope and/or closure of audit observations

6. Data Analytics & Reporting:

– Use SAP R/3