Chief Manager - Internal Audit and Control

Job Overview

The Chief Manager will be responsible for auditing and testing controls related to branches and corporate processes to enhance the effectiveness of internal control systems. The role emphasizes implementing innovative audit methods, leveraging data analytics, and automating audit functions to boost efficiency. Engaging and influencing key stakeholders to ensure timely adoption of controls is essential.

Company Context

Aditya Birla Capital (ABC), the financial services holding within the Aditya Birla Group, offers comprehensive financial solutions across protection, investment, and financing sectors to diverse customer segments. With a workforce exceeding 20,000 employees, a network of 850+ branches, and extensive channel partnerships, ABC manages assets upwards of Rs. 3,00,000 crore and a lending portfolio exceeding Rs. 60,000 crore. The brand has a customer base of over 35 million and is publicly listed on major stock exchanges since 2017.

Key Challenges

• Proactively identifying potential risks and conducting pertinent business audits.
• Building independent yet collaborative relationships with stakeholders to maintain unbiased audit outcomes.
• Introducing innovations and automation in auditing using modern tools and techniques.
• Facilitating cooperation to implement audit findings effectively.
• Developing deep business insight to detect operational gaps.

Primary Responsibilities

• Review controls across branch and corporate operations by collaborating with business owners to understand process changes and updating risk registers.
• Conduct comprehensive control testing and establish frameworks to detect control failures and fraud vulnerabilities, suggesting corrective actions and ensuring swift implementation.
• Drive audit automation by integrating data analytics and new technologies to replace manual steps.
• Perform timely management and thematic audits aligned with management expectations, securing closure and agreement on findings and remediation.
• Coordinate and oversee audits performed by external auditors, ensuring scope adherence, data availability, consensus on findings, and adequate action plans.
• Prepare and circulate dashboards and visual reports to communicate audit progress and insights effectively to management.