Internal Audit Senior Manager
- Bangalore, Karnataka
- Permanent
- Full-time
The Internal Audit Senior Manager would be responsible for overseeing and managing a portfolio of audits. The role involves assessing internal controls, risk management processes, financial reporting, and ensuring compliance with legal and regulatory standards. This individual will play a critical role in safeguarding the company's assets, driving operational efficiency, and ensuring adherence to company policies and industry standards. The incumbent should have experience in managing a team of resources and presenting audit reports to top management. The role reports to Head of Audit.Key Responsibilities:Audit Planning & Strategy:Lead the development of the annual internal audit plan in collaboration with senior management, ensuring alignment with the organization's objectives and risk profile.Conduct risk assessments to identify key areas of concern and prioritize audits accordingly.Internal Audit Execution:Lead a team of qualified Accountants to deliver the auditsPerform audits of financial, operational, compliance, and IT-related areas in both the corporate and software-specific sectors.Evaluate the adequacy and effectiveness of internal controls, risk management practices, and corporate governance processes.Compliance & Regulatory Oversight:Ensure the company complies with relevant local and international regulatory frameworks, GDPR (General Data Protection Regulation), and industry-specific standards.Monitor and report on the effectiveness of compliance programs and internal control procedures.Reporting & Communication:Prepare detailed audit reports summarizing findings, risks, and recommendationsPresent audit results and provide actionable insights to Head of Audit & RiskWork closely with stakeholders to discuss audit results and drive the implementation of corrective actions.Team Management:Lead and manage a team of internal auditors, ensuring proper allocation of resources and efficient execution of audits.Provide coaching, mentorship, and development opportunities for junior auditors to enhance their skills and performance.Continuous Improvement:Identify areas for improvement in internal controls, audit processes, and risk management.Recommend and implement best practices to enhance efficiency and effectiveness in the internal audit function.Stay updated on industry trends, emerging risks, and new audit methodologies relevant to the software and GCC sectors7. Collaboration with External Auditors & Stakeholders:Act as the primary point of contact for external auditors and regulatory bodies during audits and reviews.Collaborate with other departments such as finance, legal, compliance, and IT to understand operational challenges and address audit findings.Key Skills and Competencies:Strong understanding of internal audit methodologies, risk management, and corporate governance frameworks.Expertise in software development processes, IT controls, and security risk management.Strong analytical skills, with the ability to assess complex systems and identify control weaknesses.Excellent communication skills, both written and verbal, to communicate audit findings to senior management and stakeholders.Leadership capabilities to manage teams and drive cross-functional collaboration.Knowledge of ERP systems, financial reporting tools, and audit softwareQualificationsEducational qualification:Qualifications:Bachelor's degree in accounting, Finance, Business, or a related field.CA/CIA/CPA/ICAEW or equivalent certification preferred.15+ years of experience in internal audit, preferably in the software or GCC industries or Big 4 consulting firmsExperience with risk-based auditing and knowledge of IT audit frameworks.Experience in auditing software development lifecycle or technology-driven processes is an advantage.