AVP - Internal Audit (Finance)

Overview

Manage individual audit assignments and execute risk-based audit work within the Finance Audit portfolio at M&G India, Mumbai, providing independent, objective assurance and leading and coaching junior auditors.

What you'll do

• Oversee and take responsibility for work delegated to and performed by team members.
• Identify and request information required to understand key risks, key controls and potential scope areas.
• Lead meetings with auditees to understand business processes, products, financial reporting and control environments.
• Prepare and review planning documentation, including the audit planning memorandum, risk and control matrix and testing strategy, in accordance with the Internal Audit Standards Manual.
• Contribute to business audit planning so that major risks facing the relevant area or business unit are appropriately considered.
• Design, perform and oversee audit testing across finance, insurance and related business or operational areas.
• Assess evidence objectively, react quickly and decisively to issues identified, and escalate significant matters appropriately.
• Produce and review audit files and working papers to a consistently high standard in line with the Internal Audit Standards Manual.
• Use finance knowledge and, where relevant, actuarial understanding to support risk assessment, audit judgement and decision-making.
• Treat personal data lawfully and in accordance with applicable data protection requirements.
• Lead and/or support discussions on audit testing results and resultant observations with stakeholders.
• Draft and review clear, evidence-based observations, issue ratings, reports and presentations with minimal correction required.
• Keep affected stakeholders informed about the audit purpose, scope, timeline and progress throughout the assignment.
• Build strong relationships across the business while retaining complete independence as an auditor.
• Influence and negotiate effectively at all levels, including senior management, finance leaders, actuaries and governance forums, and recognise when escalation is required.
• Lead and support junior auditors on complex or large assignments, setting clear expectations and providing timely, constructive feedback.
• Act as a technical coach or mentor to less experienced colleagues.
• Actively participate in relevant Audit Communities and contribute to team and cross-functional initiatives.
• Proactively pursue learning opportunities and share knowledge across the function.

What you'll need

• Minimum 10+ years of hands-on relevant experience in financial services, internal audit, external audit, risk, finance or a related assurance discipline, with the capability to lead complex assignments independently.
• Strong finance knowledge and a good understanding of insurance, life and pensions, investment management or related financial services products and risks.
• Experience across a broad range of audit frameworks and approaches, covering financial and non-financial risk.
• Practical experience of risk assessment, control evaluation, audit testing, working-paper review and high-quality reporting.
• Ability to influence, negotiate and build trusted relationships with senior stakeholders while maintaining audit independence.
• Experience of leading, coaching or overseeing other auditors or subject-matter specialists on assignments.
• Strong written and verbal communication, analytical judgement, personal presence and resilience.
• Degree and/or relevant professional qualification and/or relevant consulting or industry expertise.

Nice to have

• Actuarial knowledge or experience, including exposure to actuarial modelling, valuation, reserving or financial reporting within life and pensions.
• A relevant actuarial qualification, part qualification, or demonstrable experience working closely with actuarial teams.
• Knowledge of professional standards and codes relevant to actuarial work.
• Knowledge of UK financial services regulation, governance and risk management requirements.
• Familiarity with M&G products, systems and distribution methods.

Details

• Location: Mumbai.