Internal Audit Consultant

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 139 countries and have 2,75,000 people working in member firms around the world.

KPMG in India, a professional services firm, is the Indian member firm of KPMG International and was established in September 1993. Our professionals leverage the global network of firms, providing detailed knowledge of local laws, regulations, markets and competition. KPMG in India provide services to over 4,500 international and national clients, in India. KPMG has offices across India in Delhi, Noida, Gurugram, Chandigarh, Ahmedabad, Mumbai, Navi Mumbai, Pune, Jaipur, Chennai, Bangalore, Kochi, Hyderabad, Kolkata, Vododara and Vijayawada. The Indian firm has access to more than 20,000 Indian and expatriate professionals, many of whom are internationally trained. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.

KPMG Advisory professionals provide advice and assistance to enable companies, intermediaries and public sector bodies to mitigate risk, improve performance, and create value. KPMG firms provide a wide range of Risk Consulting, Management Consulting and Transactions & Restructuring services that can help clients respond to immediate needs as well as put in place the strategies for the longer term.

With increasing regulatory requirements, the need for greater transparency in operations, and disclosure norms, stakeholders require assurance beyond the traditional critique of numbers. Hence assurance is being increasingly required on industry issues, business risks and key business processes. The Governance, Risk & Compliance Services practice assists companies and public sector bodies to mitigate risk, improve performance and create value.

We assist our clients to effectively manage business and process risks by providing a full spectrum of corporate governance, risk management, and Compliance Services. These services are tailored to meet client’s individual needs and provide effective support to management in meeting the challenges and opportunities presented by today's complex business environment.

Our professionals provide the experience to help companies stay on track and deal with risks that could unhinge their business survival. Our services enable clients to effectively co-ordinate their key growth, quality and operational challenges and working in partnership with us, clients have the benefits of KPMG's experienced, objective, and industry-grounded viewpoints.

Following are some of our key service offerings:

• Risk Based Internal Audit and Internal Audit
• Enterprise Risk Management
• Risk Assessment including preparation of Risk Control Matrix (RCM)
• Control Self-Assessment
• SOX (Sarbanes-Oxley Act) Audits
• ICFR (Internal Control over Financial Reporting) Audits.
• Global Market/Capital Market reviews (Financial product - Equity, Derivative etc.), Treasury Audit
• Continuous Auditing / Continuous Monitoring
• Revenue Assurance
• Apart from the above service offerings, we also assist client organizations around various aspects viz. Accounting Manuals, Capital Projects Audits, Project focused Control Assessment, setting up IA function, etc.

>> ROLE OVERVIEW

We are seeking dynamic professionals to join our Audit & Risk Advisory team. The ideal candidate will bring hands-on experience in internal audits, risk-based audit methodologies, process improvements, Performing Control design assessment (CDA) and Test of operating effectiveness (TOE) and must have a strong understanding of Asset and Wealth management (AWM), PWM, Global Market (GM), capital markets, including equity and derivative products and Finance, Third party Risk management and Treasury Audit. This role offers exposure to global clients across industries and the opportunity to work on strategic risk consulting engagements.

>> Role & Responsibilities

• Conduct risk-based internal audits across varied functions/Banking LOB (including Asset and Wealth management (AWM), PWM, Global Market (GM), capital markets, including equity and derivative products and Finance, Third party Risk management and Treasury, Credit Risk, Operational risk Audit) and geographies conducting process consulting/ internal audit/ risk consulting
• Undertaking process walkthroughs and prepare Risk control Matrix (RCM) for Audit execution. Assess internal controls, identify process gaps, and suggest effective improvements or agreed management action plan.
• Strong written documentation of process walkthrough, RCM, Testing and Audit observation
• Supported/led Audits such as Credit risk, trade management (trade confirmation, trade reconciliation, EOD controls) with strong risk and control understanding
• Conduct Audit in areas of Global Market, Credit Risk, Market Risk and Operational Risk
• Interacting with Global Stakeholder and discuss the potential observation
• Prepare audit reports with clear findings and actionable recommendations
• Develop and implement Standard Operating Procedures (SOPs) for process enhancement
• Design and execute enterprise-wide risk management frameworks and assessments
• Evaluate trading desk operations, valuation models, Stress testing and market risk indicators
• Demonstrate strong analytical and stakeholder management skills in client-facing roles

>> THE INDIVIDUAL

• Have experience in Internal Audit/ Risk consulting with Global Bank/Investment bank or its GCC or BIG4 working on these clients
• Sound understanding of Global Market and capital market products (equities, futures, options, swaps)
• Possess strong understanding of various line of business with global bank and trade lifecycle
• Possess strong domain knowledge on securities related regulations related to PRA
• Ability to perform and interpret process gap analysis
• Strong written and verbal communication skills (presentation skills)
• Understanding of control rationalization, optimization, effectiveness and efficiency
• Hands on experience in Data Analytics, Tableau and Data visualization
• Comfortable managing multiple engagements across functions
• Willingness to travel

>> Qualification

• Qualified CAs with articleship from Big-4 firms, MBAs from top 10 Business Schools with 2-8 years of experience in risk consulting/ internal audits, Global market, capital markets, operations or compliance function role in the industry (Understanding of internal audit, business processes, sector understanding).
• Certifications like Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA) would be an added advantage.

>> SELECTION PROCESS

• Candidates should expect 2 - 3 rounds of personal or telephonic interviews to assess fitment and communication skills

>> Compensation

• Compensation is competitive with industry standards
• Details of the compensation breakup will be shared with short-listed candidates only