Senior Manager-Internal Audit Tech

About M&G India

We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.

Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.

Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.

About M&G

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

Job Description

Job Title

Senior Manager-Technology Principal Auditor

Grade

2 B

Level

Experience Colleague

Job Function

Internal Audit

Job Sub Function

Internal Audit - Technology Principal Auditor

Reports to

In your role as an Internal Audit –Senior Manager- Technology - Principal Auditor - within the Audit team you’ll be reporting into the Assistant Vice President in M&G Global Services Private Limited

Location

Mumbai

Business Area

M&G Global Services

Overall Job Purpose

At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns.

Through our behaviours of telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

The Role:

Internal Audit is an independent, objective, assurance function that is critical to meeting our business ambitions whilst also protecting the interests of our customers by ensuring that the internal control, risk and governance frameworks are always fit for purpose. We look beyond financial risks and statements to consider wider issues such as the organisation's reputation, growth, its impact on the environment and the way we treat our customers and employees.

As an Audit Assignment team member you will be helping to deliver meaningful improvements across the business by engaging with stakeholders to identify risk and control improvements across a range of different business functions; helping you develop an understanding of the business as well as building confidence & presentation skills through exposure to Senior Management.

This is a Senior Manager - Principal Auditor level role in the Internal Audit function for those with at least eight years’ experience in financial services or internal / external audit. The role is intended to bring the role holder up to the level where they are able to work independently and have:

• a high level of understanding in the workings of both a Financial Services Group and/or an Internal Audit function;
• a good understanding of the behaviours required to succeed in a respectful workplace where teamwork is essential;
• confidence to lead and train staff in performing internal audit assignment;
• an ability to lead all aspects of audit assignments without supervision, applying relevant project management techniques, tools and people skills in line with best practice;
• an ability to quickly assess key operational processes and identify operational risks and controls, and deficiencies / inefficiencies inherent within them;
• an ability to plan and undertake complete audit assignments without supervision;
• an ability to articulate effectively both orally and in writing with minimal correction needed; and,
• confidence to challenge assumptions and articulate findings to senior stakeholders.

Accountabilities/Responsibilities

Primary Key Responsibilities

To work under the direct supervision and guidance of the Community Lead/ Head of Audit/ Senior Audit Manager and Audit Manager/ Field Manager to generally achieve the following mainly for M&G Plc IA function and for the wider M&G Global Services.

Planning and Risk Assessment

• Leading and running the meetings with auditees to develop an understanding of business processes.
• Coordinating the collation and review of information in the areas of the audit for which you are responsible to help identify key risks, controls, and scope areas.
• Preparing elements of the key planning documentation such as audit planning memorandum, risk and control matrix including testing strategies as directed and required in accordance with the requirements of the Internal Audit Standards Manual.
• Update Team Mate+ records of processes, activity and risk as directed / required.
• Prepare complex technology driven written and verbal deliverables such as reports, findings and presentations.
• Produce a summary of key controls for the area under review and a testing plan for approval by the Audit Manager/Head of Audit. Lead fieldwork meetings and keeping AMs/SAMs/ HoAs aware of progress.

Audit Performance

• Travelling to different sites when necessary to meet relevant staff and review documents and information.
• Performing and/or overseeing audit testing across different business/operational areas.
• Take responsibility for the design and performance of audit testing across different business/operational areas as directed / required.
• Producing and maintaining audit files and working papers to a consistently high standard in accordance with the requirements of the Internal Audit Standards Manual.
• Treating the personal data of our customers, employees and other individuals lawfully and in accordance with current Data Protection laws, and other related legislation.

Audit Reporting

• Supporting in the discussion of the results of audit testing and any resultant observations with stakeholders.
• Discussing the results of audit testing and any resultant observations with stakeholders and/or the Field Manager on the audit assignment.
• Raising exceptions to inform observations and/or drafting observations to a very good standard in line with the requirements of the Internal Audit Standards Manual for inclusion in the draft report with minimal correction required.
• Proposing ratings for issues raised, and in some cases the overall report, in line with the requirements of the Internal Audit Standards Manual.
• Overseeing and reviewing the documentation of audit observations written by more junior team members.
• Where required; drafting other elements of final reporting such as summary and appendices to a good standard in line with the requirements of the Internal Audit Standards Manual such that minimal correction is needed.
• Performing issue assurance as directed and assisting with workflow process on Metric Stream and TM+, and support coordination and monitoring of issue closure process.
• Prepare complex technology driven written and verbal deliverables such as reports, findings and key control dashboards for continuous technology monitoring.

Business Partnering

• Discussing the audit testing to be performed with affected stakeholders.
• Assisting / leading in the discussion of the results of audit testing with stakeholders to agree observations to be raised.
• Building relationships with stakeholders through acting with integrity, professionalism, and respect at all times to ensure that the Internal Audit function is seen in the correct light.

Team Management

• Assisting and helping to train more junior members of the team in a constructive and productive manner.
• Developing good professional working relationships with colleagues behaving in a manner consistent with the Function’s Ways of Working document.

Audit Community

• Actively participate in any Audit Community to which you belong.
• Proactively seek learning opportunities to develop knowledge and experience either through training or assignments.
• Contribute in team activities and treat colleagues with respect to contribute to a positive team environment.
• Comply with all mandatory conduct, training and disclosure requirements to help ensure that the Internal Audit function is not tarnished.
• Contribution to the development of the Integrated Assurance function by collaboratively work together with First and Second line team to work on products/audits/review in an efficient and effective way
• Drive the continuous monitoring for the Internal Audit te