Head of Audit

4 weeks ago


Chennai, India T D Newton & Associates Full time

Job Title : Team Head - Audit

Business Unit (PA) : Audit

Team : Regional Audit Team

Reports to (job) : Zonal Head - Audit / Regional Head (Depending on Team size)

Location of role : Chennai

Job Function : Audit

No of direct reportees: 2-3

Travel Required: Moderate


Job purpose :

To Carry out the audit of branches / departments etc.

KEY RESPONSIBILITIES

  • Allocation of Audits within the team.
  • Visit branches/departments during/post Audit for review and finalization.
  • Review of audit reports submitted by the senior auditors across bsiness functions .
  • Keep himself/herself updated on Regulatory guidelines in the area of audit.
  • Keep himself/herself updated on the management directives/benchmarks assigned to business/operations unit from time to time.
  • Discussion of audit observations with Circle Head/Zonal Head/Department Head/BBH for Audit reports having serious /critical lapses, where process gaps expose the Bank to risk and reports which would require a downgrade of audit rating.
  • Release low risk audit reports as per delegation matrix released by GH-Audit.
  • To carry out spot audits.
  • Responsible for TAT (Audit completion + Report submission for release).
  • Monitoring Audit database updation.
  • Review of the compliance from the auditee and recommend for closure of audit file.
  • Review of UATs/system enhancement/process reviews and recommend for audit certification.
  • Carrying out special reviews/investigations (if any) assigned by the corporate office.
  • Recommend for change in processes (as and when warranted and identified during his/her course of Audit review).
  • Review extant audit procedures basis exceptions identified during Audit review and recommend revision to audit methodology/Scope of review (including revision of Standard Audit Procedures).
  • Preparation of ACB / Board notes for the team.
  • Team building/recruitment to ensure the team is staffed as per budget allocated (including conducting of interviews).
  • Training junior/new members (including class-room and on the job training).
  • Carry out administrative activities (including approving of leave, conveyance etc.) for auditors.
  • Carry out performance appraisal of the auditors (jointly with the superior/Zonal Head/Regional Head - Audit).
  • Acting as a back-up to the Zonal Head/Regional Head – Audit.


Education Qualification

  • Commerce Graduate
  • MBA (Finance)
  • Semi qualified CA / CA


Key skills

  • Should have an analytical bent of mind, meticulous, detailed research oriented approach for root cause analysis of the problems/issues identified
  • A problem solving approach to add value/guidance/support to business/functions to bring operational efficiency/maximize resource utilization
  • Should have excellent command on MS office especially MS Excel and Power Point
  • Person having knowledge of related areas of operations/RBI guidelines on banking operations would be preferred


Experience Required

10 to 12 years’ experience in related fields


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