Axis Finance | Internal Auditor:Audit & Process_AFL

Job profile / responsibilities

• As a wholly owned direct subsidiary of Axis Bank, Axis Finance Limited endeavors to offer complementary financial solutions to its customers who have unique financing requirements.
• Conducting process level audits and having knowledge of Wholesale / Retail (Credit and Operations) along with some of the other functional areas (Risk, Compliance, Treasury, HR, Accounts).
• Maintaining adequate work papers and documentation along with adherence to Internal Audit policies and Regulatory guidelines.
• Drafting of Audit reports and suggesting suitable recommendations to address the process level observations.
• Assisting the HIA in preparing Risk Based Internal Audit plan and completing assigned audits as per plan.
• Preparing Risk Control Matrix (RCM) for business processes and conduct of walk throughs with process owners and controls testing.
• Identifying potential financial reporting risks(FRR) across processes along with design and implementation gaps.
• Holding effective discussion with senior level management for agreement with findings and closure of observations with adequate management responses
• Follow-up of open observations within timelines to ensure closure of observations as per agreed plan
• Suggesting process improvements areas and taking up with business process owners to update SOP and process flow charts.
• Taking up with process owners to implement the suggested process improvements and involve in continuous testing of processes to identify any material weaknesses in the internal controls in rocsystem/pesses

Requirements

• Should have experience of effectively building relationships with process owners in a positive and proactive manner.
• Should be well -versed with framing and conducting Risk Based Internal Audit Plan.
• Should have worked with NBFCs/Banks and have knowledge Regulatory guidelines and other functional areas.
• Should have experience and willingness to quickly gain knowledge of changing business and system.
• Should be aware of IFC guidelines as per Companies Act and ICAI.
• Experience: 1 - 4 Years

Axis Finance Limited

Part of the Axis Bank group, Axis Finance Limited is a non-banking financial company (NBFC) wholly owned by Axis Bank Limited. It lends to large and mid-sized companies through its wholesale business, which covers corporate, collateral-backed and real estate lending, and to individuals and small businesses through retail and MSME products such as loans against property, home loans, business loans and personal loans. The company's registered office is at Axis House in Worli, Mumbai. It serves customers through branches across India, and its real estate lending is active in the metro and Tier 1 cities.

Axis Finance recruits for finance and control roles in Mumbai. They include corporate credit analysts at analyst and senior analyst level, risk, compliance and internal audit positions, and finance and accounts work such as financial reporting. The financial reporting team looks for qualified Chartered Accountants with three to six years of post-qualification experience, and other postings name CA, CA Inter or CMA (ICWA), or a bachelor's or master's degree in commerce, finance, economics, law or a related field.

• Industry: Non-banking finance (NBFC): corporate, real estate, MSME and retail lending
• Headquarters: Mumbai, India (registered office at Axis House, Worli); wholly owned subsidiary of Axis Bank Limited
• In India: Axis Finance Limited, with branches across India; its finance, credit, risk and audit roles are based in Mumbai