Audit Associate, On Site

About the Role

TCS & Co., Chartered Accountants is hiring an Internal Audit Associate to conduct internal audits of stockbrokers and inspection audits of Authorised Persons (APs) and sub-brokers. This role involves managing assignments from planning through report submission, coordinating the audit team, and preparing MIS reports for management.

Key Responsibilities

• Stockbroker Internal Audits: Review processes, internal controls, and compliance records against applicable audit checklists. Perform sample testing and prepare audit observations supported by evidence.
• AP and sub-broker inspections: Coordinate inspection schedules, conduct assigned inspections, and document findings and supporting evidence.
• Audit planning and execution: Prepare audit schedules, coordinate with clients and internal teams, and follow up on pending documents and responses.
• Audit team management: Allocate work, guide team members on audit procedures, review working papers for completeness, and escalate issues that could affect audit quality or timelines.
• MIS reporting: Maintain Excel trackers for inspection coverage, audit progress, pending documentation, open observations, and report submission status. Share regular updates with management.
• Reporting and closure: Consolidate findings, incorporate review comments, coordinate final report submissions, and track follow-up actions where required.

Requirements & Tech Stack

• Skills:
• Audit execution: Ability to identify risks and controls, conduct process walkthroughs, select samples, and test controls against an audit checklist.
• Analytical skills: Ability to reconcile records, spot inconsistencies or recurring exceptions, and assess their impact before raising an observation.
• Audit documentation and report writing: Ability to maintain organised working papers and draft clear, evidence-backed findings that explain the issue, its impact, and the recommended action.
• Excel and MIS reporting: Proficiency with PivotTables, lookup formulas, SUMIFS, filters, and data validation. Ability to consolidate updates from multiple team members into accurate progress reports.
• Team coordination and review: Ability to delegate work, brief team members, review the quality of their work, and give actionable feedback.
• Client communication: Ability to explain document requirements, discuss findings professionally, and follow up on outstanding information and responses.
• Assignment management: Ability to prioritise concurrent audits and inspections, track deadlines, and escalate delays or significant findings promptly.
• Professional judgment and confidentiality: Attention to detail, discretion when handling sensitive records, and the ability to distinguish a documentation gap from a potential control or compliance issue.
• Preferred industry exposure: Experience in stockbroker audits, AP inspections, or securities market compliance. Familiarity with applicable SEBI and stock exchange requirements is an advantage.

Qualifications

• Chartered Accountant (Preferred)
• CA Finalist
• MBA in Finance