X
| Section |
Internal Audit Wing |
| Post Name and Code |
Chief Internal Auditor :: IAW01 |
| No. of Posts |
1 |
Academic Qualification |
Mandatory:
Chartered Accountant (CA) from the Institute of Chartered Accountants of India (ICAI).
Preference:
Master's degree (MBA, MCom, or equivalent) is preferred/ desirable.
Additional formal training in risk management and governance will be an added advantage.
Professional certifications:
Certified Internal Auditor (CIA), Certified Public Accountant (CPA) is preferred.
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| Work Experience |
15+ years of progressive experience in internal audit, external audit, or related assurance functions, with at least 5 years in a senior/ managerial leadership role.
Demonstrated experience in planning and leading risk based internal audit engagements and managing an internal audit team or function.
Experience working with audit committees/boards and senior management, including presenting audit plans, key findings, and recommendations.
Industry-specific experience in financial services or public sector is preferred.
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| Eligibility and Key competencies |
In depth knowledge of internal auditing standards and ability to ensure the function operates in conformance with them.
Strong understanding of governance, risk management, and internal control frameworks, and the ability to evaluate and improve their effectiveness.
Proven ability to operate independently and objectively, with direct reporting line or functional accountability to the Internal Audit Management Committee/ Board Committee.
High level of integrity and ethical conduct, consistent with the IIA Code of Ethics and professional certification requirements.
Excellent communication, stakeholder management, and influencing skills to advise senior management on sensitive issues.
Sound knowledge of SEBI (LODR) Regulations, 2015, especially provisions applicable to High Value Debt Listed Entities (HVDLEs).
Experience in handling multiple concurrent audits, regulatory inspections, and statutory reporting.
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| Job Description |
Function as the Head of Internal Audit Wing of KIIFB.
Coordinate and function as Nodal Officer for conduct of all audits of KIIFB: Statutory Audit, Risk Based Internal Audit, Concurrent Audit, Tax Audit, Compliance Audit, Audit by Comptroller and Auditor General of India et al: Responsibility includes preparation of audit plan, convening required meetings for the conduct of audits, ensuring timely closure of audits and timely reporting in relation to audit, as applicable, to Internal Audit Management Committee/ Board Committee.
Documentation and Reporting of material control issues that impact the achievement of KIIFB's objectives, progress reports, audit reports (including presentations on key audit matters) to internal audit management committee/ board committee.
Providing an assessment of the adequacy and effectiveness of KIIFB's processes for managing its activities and controlling risks: Responsibility includes review of Terms of Reference of Internal Audit Management Committee/ Board Committees, Risk Management Policy, Internal Audit Manual, Risk Internal Audit frameworks, risk registers and SOPs related to audit function.
Perform a quality review of the audits completed on a sample basis, as per the Quality Assurance and Improvement Program (QAIP).
Providing timely updates on the Internal Audit manual compliances and reporting of irregularities/ frauds to internal audit committee/ board committee.
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| Pay |
As per industry standards
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| Upper Age limit |
Should not have attained the age of 65 years as on date of notification.
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| Tenure |
2 years ( Further extendable based on requirement).
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