Manager – Audit

Company: A Leading Indian Stock Broking Company

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Location: Lucknow

Department: Internal Audit / Compliance

Reporting To: Head of Internal Audit / Chief Compliance Officer

Job Summary:

We are seeking a highly motivated and detail-oriented Auditor to join our team. The Auditor will be responsible for conducting internal audits to assess the effectiveness of our internal controls, compliance with regulatory requirements, and the accuracy of financial reporting. The ideal candidate will possess a strong understanding of the Indian stock broking industry, relevant regulations (SEBI, Exchanges, etc.), and auditing principles.

Responsibilities:

• Conduct Internal Audits:
  • Plan, execute, and report on internal audits of various departments and processes within the stock broking company.
  • Evaluate the adequacy and effectiveness of internal controls related to financial reporting, operational efficiency, and regulatory compliance.
  • Identify and assess risks associated with the company’s operations.
  • Perform transaction testing and data analysis to verify accuracy and completeness of records.
  • Document audit procedures, findings, and recommendations in a clear and concise manner.
• Regulatory Compliance:
  • Ensure compliance with all applicable SEBI regulations, exchange rules, and other relevant legal and regulatory requirements.
  • Monitor changes in regulations and assess their impact on the company’s operations.
  • Conduct compliance audits to verify adherence to regulatory requirements.
  • Assist in the preparation and submission of regulatory reports.
• Risk Management:
  • Identify and assess operational and financial risks.
  • Recommend and implement risk mitigation strategies.
  • Participate in the development and maintenance of the company’s risk management framework.
• Financial Reporting:
  • Review financial statements and supporting documentation for accuracy and completeness.
  • Evaluate the effectiveness of financial reporting controls.
  • Identify and report any discrepancies or irregularities in financial records.
• Process Improvement:
  • Identify areas for improvement in operational efficiency and internal controls.
  • Recommend and implement process improvements.
  • Participate in the development and implementation of new policies and procedures.
• Documentation and Reporting:
  • Prepare audit reports summarizing findings, recommendations, and management responses.
  • Maintain accurate and organized audit documentation.
  • Communicate audit findings to management in a timely and effective manner.
• Other Duties:
  • Assist with special projects as assigned.
  • Stay abreast of industry best practices and emerging trends.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• CA, CPA, CIA, or other relevant professional certification is highly desirable.
• Minimum [Insert Number] years of experience in internal audit or compliance, preferably in the Indian stock broking industry.
• Strong understanding of SEBI regulations, exchange rules, and other relevant legal and regulatory requirements.
• Proficiency in auditing principles and practices.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and as part of a team.  
• Proficiency in MS Office Suite (Excel, Word, PowerPoint).
• Knowledge of relevant software like audit management software is a plus.
• Knowledge of Depository Participant operations.
• Knowledge of trading platforms, and Back office operations.

Skills:

• Attention to detail.
• Strong ethical standards.
• Ability to maintain confidentiality.
• Time management and organizational skills.
• Strong knowledge of risk management.

Salary :

Up To 6.5 LPA + Other Benefits