Manager - Internal Audit (Stockbroking)

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.