Internal Audit-Regulatory Reporting
Teamware Solutions
Mumbai, Maharashtra, India
2d ago

Job Overview

Primary Responsibilities

The candidate will be able to complete risk assessmentsand work within a team to plan, execute audit tests / tasks assigned and reportfindings during integrated financial and technology audits. This includes :

  • Leading and documenting walkthrough meetings with thepurpose of developing an understanding of management’s processes, risks, andkey controls;
  • Identifying and evaluating key risks as well as designadequacy of key controls implemented to mitigate risks identified;
  • Preparation of Audit Planning Memoranda;
  • Assist Audit Coverage Managers in developing audit testprograms and executing against plans within specified budgets and leadingcertain aspects of audits / reviews;
  • Evaluate testing of control operating effectiveness anddocumenting results;
  • Assist and reviewing the documentation of junior teammembers;
  • Draft potential findings and adequately assess riskratings in coordination with Audit Coverage Managers;
  • Communicating audit findings to the Internal Auditcoverage managers and senior client management;
  • Assist in the drafting audit reports;
  • Track management’s remediation efforts including thedesign and implementation of recommended processes and controls to strengtheninternal control frameworks.
  • Participate in the periodic continuous monitoring ofFinance activities.
  • Develop solid working relationship with clients andacross the broader Internal Audit Department.
  • Skills Required

  • Bachelor’s degree required (major in Accounting orFinance, preferred);
  • Accounting and auditing background with a minimum of5 years of related experience eitherwith a prior Internal Audit function or public accounting firm;
  • Solid technical knowledge of internal controls andaudit practices;
  • Solid technical knowledge of accounting standards andexperience in researching GAAP and / or other regulatory standards;
  • Demonstrated ability to multi-task between severalprojects and complete audits / projects within required time frames and budgets;
  • General understanding of internal audit processes (e.g.risk assessments, planning, testing, reporting and continuous monitoring);
  • Keen attention to detail and demonstrated stronganalytical skills;
  • Strong verbal and written communication skills;
  • Ability to collaborate effectively and work within ateam-first environmentSkills preferred (but not required)
  • CPA or equivalent license, highly preferred;
  • Experience with regulatory reporting policies andregulations including regulatory reporting forms and instructions (e.
  • g. FRY-9C, FR Y-14M / Q / A);
  • Experience with capital markets and / or securitiesindustry regulations;
  • Detailed knowledge of financial statement processes andaccounting requirements;
  • Possess experience performing walkthroughs, riskassessments of the internal control environment, performing controls andsubstantive testing while meeting internal quality assurance standards
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