Kotak Mahindra Prime limited (KMPL) is a subsidiary of Kotak Mahindra Bank Limited and is in the business of financing all passenger vehicles, two wheelers & loan against property. KMPL is India's leading car finance company since 1996 and started financing two wheelers since 2018. The company is dedicated to financing dealers and retail customers. 

The KMPL Internal Audit department conducts risk based internal audit (RBIA) for various functions as per the audit plan.

Job Role: 

• Team leader to manage , execute and ensuring timely completion and reporting of the audit assignments
• Key member in evolving Annual risk assessment, Audit plan development & audit methodologies 
• To lead complex audit assessments across business, cross functions, support, risk & control units 
• Performing Internal Audit of the operation unit and central functions as per the Audit plan.
• Supervise, train, guide the junior audit staff members for audit procedures and ensure to build a competent team.
• Ensure to adherence with all principals of and code of ethics as per IIA.
• To review the audit planning, execution, field work, paperwork, business understanding and finalise the control areas of the audit.
• Develop a strong understanding of business and system processes.
• To drive automation & data analytics for control test procedures to enhance audit coverage.
• Examine internal controls, evaluate the design and operational effectiveness. Determine exposure to risk and develop remediation strategies.
• To finalise and close the audit by discussing with the senior management the gaps, irregularities, exceptions and deficiencies observed during audit & finalise actionable for further follow ups.
• Recommend appropriate actions to the management in order to remediate the identified weaknesses.
• To finalise the audit report in an objective manner for effective communications of the findings.
• To assist the entire IA team to analyse the ongoing effectiveness of all audit programs, recommend changes and improvement the audit plan on ongoing basis.
• Corrective Action Monitoring: Monitor the implementation and effectiveness of corrective and preventive actions (CAPA) resulting from quality reviews and external assessments.
• External Assessment Support: Coordinate and facilitate external quality assessments (EQAs) required at least every five years, serving as a key liaison with independent external reviewers.
• Coordinating with MIS developers for all the risk base score cards for all the functions of Audit and regularly updating the same.
• To play active role in reporting & effectively communicating to Sr. Management, FTAC, ACB & regulators
• To play key role in assisting HIA to meet departmental goals and new initiatives.
• Continuous enhancement of risk assessment pertaining to new system products, processes and policies.
• Maintain professional relationship with senior stake holders and maintain independence.

IA Supervisor requirement:

• Professionally qualified CA , CIA .
• Overall 8-10+ years of experience in audit/ risk/ internal control.
• Should have led teams and have good managerial skillset
• Knowledge about all the finance products, policies and key regulatory requirements
• Critical thinking, analytical skills, strong communication , efficient data handling skills
• High energy, Passion & Self-starter attitude with good presentation skills.
• Ability to work under pressure.
• Strong Attention to details and outstanding problem solving skills.
• Stay up to date with evolving industry and regulatory changes impacting the business.
• Willing to travel as needed.