Review the area to be audited and understand the scope of the audit
Review previous audit reports, if any, to check clearance of key issues
Prepare preliminary risk assessment matrix (RAM), identifying key risks and controls in the audit area
Discuss and validate the RAM with the local and regional audit managers.
Do a process walk through along with the process owners and prepare process flowcharts
Execute testing strategy
Perform compliance and substantive testing
Conclude on the adequacy, effectiveness and efficiency of key controls tested
Complete work paper documentation in audit software - Teammate (TM)
Draft audit issues / reports as per GIAs audit methodology
Discuss audit issues with operational management and ensure factual accuracy of the issues
Submit report to audit manager for review
Input final audit report into TM, before formal issuance
Participate in risk mitigation plans, contingency planning, business continuity programs by executing and reporting within defined timelines. Highlight and recommend process gaps, flaws and process changes.
-Building and Managing Relationships :
Working effectively with key
stakeholders (internal and
external) and cross functional
team members to build
based on confidence, trust and
respect to facilitate the
accomplishment of common
work/ business goals.
Networking and influencing
skills with individuals across
teams with diverse working
styles to focus on sustainable
relationships over a long term
basis for better work synergy.
Effective Communication :
Is attuned to the needs, perspectives and sensitivities of others and acting with them in mind. Communicates effectively to set the right perspective of self and team and provide constructive feedback.
Analytical Thinking :
Displays the ability to consider a
variety of perspectives in a
particular situation by analyzing
facts, data and scenario based
insights to enable a logical,
well-reasoned and informed
decision - making process.
Managing Conflicts Effectively :
The ability to deal with conflicts
in a positive manner to enhance
learning and group outcomes,
including effectiveness or
performance in organizational
Functional knowledge :
Has a thorough understanding of
knowledge and skills sets
required to excel within the
function in order to build a
business model leading to
sustainable growth for
customers and consumers.
Skills Required :
Technical - Working knowledge of internal audit concepts and methodology.
Proficiency in use of computers, especially MS Word, Excel and PowerPoint.
Tata AIG Life Insurance Company Limited (Tata AIG Life) is a joint venture company, formed... by Tata Sons and AIA Group Limited (AIA). Tata AIG Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asia life insurance group in the world spanning 15 markets in Asia Pacific. Tata Sons holds a majority stake (74%) in the company and AIA holds 26% through an AIA Group company. Tata AIG Life Insurance Company Limited was licensed to operate in India on February 12, 2001 and started operations on April 1, 2001. Read full description