AVP - Internal Audit (Finance)

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.

At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business, we offer financial products and services through Asset Management, Life and Wealth.

Internal Audit is an independent, objective assurance function. The role will manage individual audit assignments and execute audit work within the Finance Audit portfolio, delivering high-quality, risk-based assurance with objectivity and independence.

The Audit Manager will lead end-to-end assignments, oversee work delegated to team members, engage effectively with senior stakeholders, and apply strong finance and insurance knowledge when assessing financial and non-financial risks. Actuarial knowledge is advantageous, but is not an essential requirement for the role.

Accountabilities / Responsibilities

Planning and Risk Assessment

• Oversee and take responsibility for work delegated to and performed by team members.

• Identify and request information required to understand key risks, key controls and potential scope areas.

• Lead meetings with auditees to understand business processes, products, financial reporting and control environments.

• Prepare and review planning documentation, including the audit planning memorandum, risk and control matrix and testing strategy, in accordance with the Internal Audit Standards Manual.

• Contribute to business audit planning so that major risks facing the relevant area or business unit are appropriately considered.

Audit Performance

• Design, perform and oversee audit testing across finance, insurance and related business or operational areas.

• Assess evidence objectively, react quickly and decisively to issues identified, and escalate significant matters appropriately.

• Produce and review audit files and working papers to a consistently high standard in line with the Internal Audit Standards Manual.

• Use finance knowledge and, where relevant, actuarial understanding to support risk assessment, audit judgement and decision-making.

• Treat personal data lawfully and in accordance with applicable data protection requirements.

Audit Reporting and Stakeholder Engagement

• Lead and/or support discussions on audit testing results and resultant observations with stakeholders.

• Draft and review clear, evidence-based observations, issue ratings, reports and presentations with minimal correction required.

• Keep affected stakeholders informed about the audit purpose, scope, timeline and progress throughout the assignment.

• Build strong relationships across the business while retaining complete independence as an auditor.

• Influence and negotiate effectively at all levels, including senior management, finance leaders, actuaries and governance forums, and recognise when escalation is required.

Team Leadership and Audit Community

• Lead and support junior auditors on complex or large assignments, setting clear expectations and providing timely, constructive feedback.

• Act as a technical coach or mentor to less experienced colleagues.

• Actively participate in relevant Audit Communities and contribute to team and cross-functional initiatives.

• Proactively pursue learning opportunities and share knowledge across the function.

Key Stakeholder Manageme

Essential / Must Have

• Minimum 10+ years of hands-on relevant experience in financial services, internal audit, external audit, risk, finance or a related assurance discipline, with the capability to lead complex assignments independently.

• Strong finance knowledge and a good understanding of insurance, life and pensions, investment management or related financial services products and risks.

• Experience across a broad range of audit frameworks and approaches, covering financial and non-financial risk.

• Practical experience of risk assessment, control evaluation, audit testing, working-paper review and high-quality reporting.

• Ability to influence, negotiate and build trusted relationships with senior stakeholders while maintaining audit independence.

• Experience of leading, coaching or overseeing other auditors or subject-matter specialists on assignments.

• Strong written and verbal communication, analytical judgement, personal presence and resilience.

• Degree and/or relevant professional qualification and/or relevant consulting or industry expertise.

Preferred / Advantageous

• Actuarial knowledge or experience, including exposure to actuarial modelling, valuation, reserving or financial reporting within life and pensions.

• A relevant actuarial qualification, part qualification, or demonstrable experience working closely with actuarial teams.

• Knowledge of professional standards and codes relevant to actuarial work.

• Knowledge of UK financial services regulation, governance and risk management requirements.

• Familiarity with M&G products, systems and distribution methods.

Behavioural Skills

• Ability to lead and motivate others, set clear expectations and support development.

• Ownership mindset, with the ability to manage priorities, time and workload across concurrent activities.

• Confidence to challenge assumptions constructively and handle difficult discussions professionally.

• Ability to assimilate complex information quickly and communicate clearly for the intended audience.

• Collaborative approach, curiosity, sound judgement and commitment to acting with care and integrity.

M&G Behaviours Relevant to All Roles

Tell it Like it is: Respectfully speaking up to create better ways forward, being both direct and empathetic.

Own it Now: Taking responsibility with confidence to drive progress and results quickly.

Move it Forward Together: Working across teams to seize the right opportunities and solve real problems.

With Care and Integrity: Acting responsibly, independently and in the best interests of customers, colleagues and the organisation.

We have a diverse workforce and an inclusive culture at M&G Global Services, regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.