Manager - Internal Audit

12 Hours ago • 7 Years + • Auditing

Job Summary

Job Description

PhonePe is India's leading digital payments company, expanding into financial services like Stock Broking. This role involves developing a comprehensive understanding of the company's business, systems, and processes, with a focus on risk-based internal audits for stockbroking operations including trading, settlements, client onboarding, and regulatory reporting. The candidate will ensure compliance with SEBI, NSE, BSE, NSDL, and CDSL guidelines, staying updated on capital market regulations and research analyst best practices. The role requires executing audits from risk assessment to reporting, preparing working papers, identifying root causes of observations, and preparing clear, accurate audit reports. Collaboration with auditees and senior management is essential for discussing findings and recommendations.
Must have:
  • Minimum 7 years of post-qualification experience in internal audit.
  • Prior experience in the Broking Industry.
  • Chartered Accountant or equivalent qualification.
  • Excellent written and verbal communication skills.
  • Strong problem-solving and analytical skills.
  • Ability to work in a fast-paced environment.
Good to have:
  • Experience in exchange or depository operations.
  • Experience in internal audits or risk and control functions.
  • Ability to review quantitative analysis for actionable insights.
Perks:
  • Medical Insurance
  • Critical Illness Insurance
  • Accidental Insurance
  • Life Insurance
  • Employee Assistance Program
  • Onsite Medical Center
  • Emergency Support System
  • Maternity Benefit
  • Paternity Benefit Program
  • Adoption Assistance Program
  • Day-care Support Program
  • Relocation benefits
  • Transfer Support Policy
  • Travel Policy
  • Employee PF Contribution
  • Flexible PF Contribution
  • Gratuity
  • NPS
  • Leave Encashment
  • Higher Education Assistance
  • Car Lease
  • Salary Advance Policy

Job Details

About PhonePe Group: 

PhonePe is India’s leading digital payments company with 50 crore (500 Million) registered users and 3.7 crore (37 Million) merchants covering over 99% of the postal codes across India. On the back of its leadership in digital payments, PhonePe has expanded into financial services (Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is India's first localized App Store. The PhonePe Group is a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

Culture

At PhonePe, we take extra care to make sure you give your best at work, Everyday! And creating the right  environment for you is just one of the things we do. We empower people and trust them to do the right  thing. Here, you own your work from start to finish, right from day one. Being enthusiastic about tech is a  big part of being at PhonePe. If you like building technology that impacts millions, ideating with some of  the best minds in the country and executing on your dreams with purpose and speed, join us!

Manager, Internal Audit


Bengaluru, India


About PhonePe Group: 

PhonePe is India’s leading digital payments company with 50 crore (500 Million) registered
users and 3.7 crore (37 Million) merchants covering over 99% of the postal codes across
India. On the back of its leadership in digital payments, PhonePe has expanded into financial
services (Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-
enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is
India's first localized App Store. The PhonePe Group is a portfolio of businesses aligned with
the company's vision to offer every Indian an equal opportunity to accelerate their progress
by unlocking the flow of money and access to services.

Culture

At PhonePe, we take extra care to make sure you give your best at work, Everyday! And
creating the right environment for you is just one of the things we do. We empower people
and trust them to do the right thing. Here, you own your work from start to finish, right from
day one. Being enthusiastic about tech is a big part of being at PhonePe. If you like building
technology that impacts millions, ideating with some of the best minds in the country and
executing on your dreams with purpose and speed, join us!

Job Role / Responsibilities

- Develop a comprehensive understanding of PhonePe’s business, systems, and processes.
- Conduct risk-based internal audits across stock broking processes such as trading,
settlements, depository participant (DP) operations, client onboarding, and regulatory
reporting.
- Stay updated and ensure compliance with SEBI, NSE, BSE, NSDL, CDSL guidelines
related to capital market regulations and Research Analyst including best practices, and
emerging trends
- Acquire in-depth process understanding for planned audits, including processes, systems
involved, data flow, and datasets.
- Execute audits from risk assessment, audit planning & scoping to execution & reporting.
- Prepare / review RCMs, process notes, flow charts, and other working papers.
- Drives and understand root cause of the observations and follow the 5 why approach for
corrective action plans.
- Prepare comprehensive audit reports, ensuring clarity, accuracy, and adherence to
internal reporting standards.
- Facilitate discussions with auditees on audit findings, ensuring a clear understanding of
identified issues and recommendations, and report significant issues to senior management.
- Provide timely updates on audits to the Internal Audit head, holding regular meetings
with auditees.
- Ensure the overall quality of audit reports and audit documentation based on methodology
- Plan resource and budget for audit and be able to lead the audit team
- Handle Internal Audit organizational activities, including budgeting, risk assessment, and
external stakeholder management.
- Conduct periodic follow-ups with auditees to monitor the timely and effective
implementation of management action plans.
- Demonstrates good understanding of data governance processes, practices, policies,
and guidelines.

Essential Skills/Qualification

- Min 7 years of post-qualification experience in internal audit and / or relevant function

- Prior Industry experience in Broking Industry especially in Exchange or Depository
Operations
- Chartered Accountant or equivalent qualification - Sound understanding of control
environment, compliance, and risk frameworks.
- Excellent written and verbal communication skills.
- Strong problem solving and analytical skills.
- Be able to work in a fast-paced role with competing priorities. Adaptable to project
requirements and does what is required to get the job done.
- Demonstrate ability for seamless execution, continuous improvement and problem solving.
Preferred Skills & Qualification
- Experience in internal audits or organization risk and control functions.
- Review quantitative analysis that translates data into actionable insights.

PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)

・ Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental
Insurance, Life Insurance
・ Wellness Program - Employee Assistance Program, Onsite Medical Center,
Emergency Support System
・ Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption
Assistance Program, Day-care Support Program
・ Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy
・ Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity,
NPS, Leave Encashment 
・ Other Benefits - Higher Education Assistance, Car Lease, Salary Advance Policy
Working at PhonePe is a rewarding experience! Great people, a work environment
that thrives on creativity, the opportunity to take on roles beyond a defined job
description are just some of the reasons you should work with us. Read more about
PhonePe on our blog.

PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)

  • Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
  • Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System
  • Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
  • Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy
  • Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment 
  • Other Benefits - Higher Education Assistance, Car Lease, Salary Advance Policy

Working at PhonePe is a rewarding experience! Great people, a work environment that thrives on creativity, the opportunity to take on roles beyond a defined job description are just some of the reasons you should work with us. Read more about PhonePe on our blog.

Life at PhonePe

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About The Company

PhonePe was founded in December 2015 and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 48 crore (480 Million) registered users, one in four Indians are now on PhonePe. The company has also successfully digitized 3.6 crore (36 Million) offline merchants spread across Tier 2,3,4 and beyond, covering 99% of the postal codes across India. PhonePe is also the leader in Bharat Bill Pay System (BBPS), processing over 45% of the transactions on the BBPS platform. PhonePe forayed into financial services in 2017, providing users with safe and convenient investing options on its platform. Since then, the company has introduced several Mutual Funds and Insurance products that offer every Indian an equal opportunity to unlock the flow of money and access to services. PhonePe was recently recognized as the Most Trusted Brand for Digital Payments as per the Brand Trust Report 2023 by Trust Research Advisory (TRA).



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