Experience : 7 - 12 years

Job Summary

The Audit Manager is responsible for planning, executing, and supervising internal audits across all branches and operational units of the Society. The role ensures compliance with regulatory requirements, internal policies, and risk management standards, and provides independent assessments to strengthen governance and safeguard assets.

Job Responsibilities

• Develop and implement an annual risk-based internal audit plan.
• Conduct audits of branch operations, deposits, loans, treasury, and administrative functions.
• Evaluate the adequacy and effectiveness of internal controls.
• Review compliance with applicable co-operative laws, regulations, and Society policies.
• Prepare audit reports with observations, risk ratings, and recommendations.
• Track corrective actions and verify closure of audit observations.
• Investigate suspected fraud and operational irregularities.
• Coordinate with statutory auditors, concurrent auditors, and regulators.
• Lead and mentor audit officers and branch auditors.

Qualifications and Skills

Qualifications

• Chartered Accountant (CA), CMA, or MBA in Finance.
• CIA, CISA, or Certified Fraud Examiner certification preferred.
• 7–12 years of relevant audit/compliance experience.
• Minimum 3 years in a managerial role.
• Experience in co-operative societies, banks, NBFCs, or financial institutions preferred.

Required Skills & Competencies

• Strong knowledge of auditing standards and internal control systems.
• Understanding of co-operative sector regulations and financial reporting.
• Analytical and problem-solving abilities.
• Leadership and team management skills.
• High integrity and confidentiality.
• Proficiency in MS Excel, audit tools, and core banking software.

Key Performance Indicators (KPIs)

• Completion of audit plan within approved timelines.
• Reduction in repeat audit observations.
• Timely closure of audit findings.
• Improvement in branch compliance scores.
• Identification and prevention of financial irregularities.

Our Core Values

At Lokmanya, we believe that a career should be more than just a job; it should be a passion-driven adventure that brings out the best in you. We are not just a company; we are a community of like-minded individuals united by a common purpose: to make a meaningful impact on the world.

At Lokmanya, our core values are the heartbeat of our culture and the driving force behind everything we do. They define who we are as a company and guide our decisions, actions, and interactions with our customers, employees, and partners.