Ia Team Member-support Services-internal Audit

Job Category KMBLDegree Level Bachelor s Degree New or Never NormalJob Title Internal Audit Team Member Corporate Grade CA fresher sKotak OverviewKotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai India It offers banking products and financial services for corporate and retail customers in the areas of personal finance investment banking life insurance and wealth management At Kotak we expect more from ourselves than what anyone else expects of us This way we are creating a rewarding and delightful experience every day for our customers We are an equal opportunity employer and we are opposed to discrimination on any grounds Overall purpose of roleAs Kotak Internal Audit Member you will be a part of Kotak Internal Audit Department IAD which aims to provide independent reliable valued insightful and timely assurance to the Board and executive management thus demonstrating a role of an ENABLER This is achieved by looking at the effectiveness of governance risk control framework over current and evolving risks within the current and expected business environment and in accordance with the international standards definition of internal auditing Kotak IAD is a 200 member department spread across 5 locations PAN India Mumbai Ahmedabad Bangalore Chennai and Delhi which is set up to perform Internal Audits for KMBL Kotak Mahindra Bank Limited Flagship Company of the Kotak group A one-stop shop 4 Strategic Business Units - Consumer Banking Corporate Banking Wholesale Banking Commercial Banking Treasury Key AccountabilitiesExecuting the delivery of the Kotak IAD s Audit plan for the calendar year To assist the Team Supervisor Team Lead on assigned audit work of KMBL Businesses Processes This will entail working on the audit to deliver the Audit Planning Memo Controls Document agree issues action plans with management and submission of draft report to the Team Supervisor Demonstrate sound knowledge of both business technical areas and expert knowledge in the audit process including the IA systems to ensure that audit work is carried out with a high standard that meets all methodologies Demonstrate sound knowledge of regulations governing the bank RBI IRDA SEBI FEMA FIMMDA FEDAI FATCA NDS-OM etc Conducts reviews to understand end-to-end process evaluate and highlight key control deficiencies analyse root cause and discuss agree with management for effective and timely remediation plans Manage individual workflow to ensure timely report deliveries with quality articulation of audit queries Writing high quality audit reports To embrace and demonstrate effective Audit report writing presentation skills from E2E perspective Planning Execution Discussion Clarification Finalisation Documentation into system etc Endeavouring to update awareness of risk issues and changes across relevant business units and use this knowledge to update the audit approach Driving and leading discussions with relevant stakeholders regarding audit observations consulting with IAD team supervisors Team Leads Decision-making and Problem Solving Take into account reputation of Kotak at all times through positive interactions and adhering to policies procedures and manuals Set an example and supports fair and ethical behaviour Make sure you are equipped to be able to protect our reputation at all times Challenge others where appropriate if you believe self to be correct Endeavour to be part in decision making on a broad range of factors with Kotak s values at heart - Always Responsible Always Accountable Risk and Control Objective This section is mandatory for all role profiles Ensure that all activities and duties are carried out in full compliance with regulatory requirements Enterprise Wide Risk Management Framework and internal Kotak s Policies and Standards Person SpecificationPersonal attributes essential to performing role including competencies expertise knowledge and experience Note experience requirements must not be in the form of years minimum or otherwise Essential Skills Basic Preferred Qualifications Understanding of Banking Business their products and processes Person who can work alone close audits and manage stakeholders Relevant professional qualifications e g CA CMA CISA CIA Bachelor s degree mandatory A Bachelor s degree in Commerce preferably holder with at least 3-5 years of experience in internal audit of a financial institution and or relevant experience in the following areas Experience in a BFSI or Finance processes including audit Understanding of relevant regulatory environment would be an added advantage Experience in data analytics and or exposure to data science machine learning techniques would be an added advantage