Internal Audit Team Member

Job Purpose

The Business Audit – Team member is responsible for

•Independently executing High Quality Internal Audit of the business & Enterprise Functions providing independent, objective assurance to the Senior Management, and the Audit Committee through the Business Audit Team Lead, on the effectiveness of internal controls, governance and risk management frameworks.

•Provide high-quality assurance over key financial, operational, compliance, and technology risks.

•Delivering value through control improvements, cost optimization, and prevention/detection of revenue leakage/losses, contribution increase across business.

•Maintain detailed documentation as per Global Internal Audit Standards and local laws, performing detailed root-cause analysis, and making actionable recommendations, and ensuring implementation of the same to strengthen governance, risk management and internal controls.

•Expertise in drafting Risk Control Matrices, process flows, process narratives, testing controls, maintaining action taken report trackers, identification of red flags during audit.

•Demonstrated ability to understanding business risks, auditing diverse functions, various operational processes, auditing Units across geographies with complex business operations

•Delivering High quality audit reports and Supporting the Business Internal Audit Team Lead and Business Internal Audit Head, in preparing Senior Management Presentations, UpdatesPrincipal Accountabilities

Value Creation & Measurable Impact

•Conduct audits across processes to evaluate design and operating effectiveness of controls.

•Identify control gaps, process inefficiencies, and opportunities for process standardisation, measurable outcomes such as cost optimisation, prevention of revenue leakage, reduction in loss exposure , and delivering quantifiable financial impact.

•Track audit timelines, manage fieldwork logistics, and deliver timely.

•Identify opportunities for process standardisation, automation, strengthening internal control environment

•Provide recommendations to mitigate risks and ensure implementation of audit recommendations.

•Support Business Audit Team Lead in assignments assigned by Business Internal Audit Head.

Provide positive assurance, identify control gaps & make recommendations to mitigate risks during Audits

•Execute risk-based audits in line with the approved plan, ensuring the quality, depth and coverage of reviews across processes and locations.

•Draft audit findings, root-cause analysis and recommendations before release of draft and final reports.

•Actively participate in resolving exceptional cases and complex issues, including investigations into fraud indicators, governance failures, revenue leakages, cost escalations and control breakdowns.

•Ensure timely implementation of audit observations and agreed action plans, including tracking and reporting of status to business management and the Audit Committee.

•Use a structured reporting and escalation mechanism to address delays, disagreements or recurring issues with relevant stakeholders.

Ensure the integrity of internal controls, risk management processes and compliances

•Review the internal control and risk management framework across business processes to ensure resources are managed economically and efficiently and risks are adequately mitigated.

•Independently conduct risk assessments of business, credit, operational, market, fraud and reputation risks; recommend improvements in risk mitigation and control design.

•Perform/Conduct special assignments, fraud investigations as assigned by Business Audit Team Lead / Business Internal Audit Head

•Review statutory and regulatory compliances and report non-compliance instances, reinforcing adherence to Group policies, Code of Conduct and values.

•Benchmark control, risk and compliance practices with leading organisations and drive adoption of best practices and common standards across business.

Present audit findings to management, the Audit

•Engage with process owners and functional teams to ensure timely delivery of audits

Committee and other stakeholders

•Draft high quality audit reports and executive summaries.

•Support preparation of presentations/updates for Senior leadership and Audit Committee as required.

•Maintain audit issue tracker, reports to support business, Business Audit Teram Lead , Business Internal Audit Head.

•Contribute to reports that capture the financial impact of audit interventions (cost savings, avoidable loss prevention, fraud detection and risk & control improvements).

Effective communication with Stakeholders,

•Builds Trust with Process Owners, Function Heads, CXOs, of business to create a positive environment for audits and ensure smooth acceptance of findings.

•Strengthens governance and assurance culture by partnering with the Business Audit Team Lead to evaluate the effectiveness and responsiveness of Line 1 (business controls) and Line 2 (risk/compliance) protocols; provides independent audit insights, facilitates escalation where needed, and acts as a trusted advisor to leadership on risk mitigation and control effectiveness

•Regularly meet and update Business Audit Team Lead, Business Internal Audit Head, Group Internal Audit Head and visit business units to stay abreast of business developments, risks, emerging issues and stakeholder expectations.

•Communicates to influence stakeholders to secure speedy resolution of identified issues and to impel corrective and preventive actions.

•Act as an internal ambassador for the audit function, promoting the spirit of One ABG, and position internal audit as a culture-building and value-adding partner.

Use of Technology and Analytics in audit

•Use data analytics in audits, supports implementation of tools / use of tools like continuous control monitoring in business, and use of automation/AI in audit (GRC/audit management platforms)

•Provide assurance of digital, IT and cyber risk management

•Strengthen audit coverage through smarter use of data and tools

Capability building and functional benchmarking (supporting all themes)

•Demonstrates willingness to learn and implementing new approaches in audit

•Collaborates with Business and Strengthens the teams Business Acumen

•Demonstrates design thinking, delivers High Quality Audits

•Ensure high quality of workpapers, report writing, and stakeholder-ready communication