Internal Audit:Head

Job Description

About the Department

Internal Audit function of the Bank operates independently under the overall supervision of the Audit Committee of the Board and is responsible for providing an independent view to the Board of Directors and Senior Management on the quality and efficacy of the internal controls, risk management systems, governance systems and processes in place on an on-going basis. This is provided to primarily ensure that the business and support functions are in compliance with both internal and regulatory guidelines.

About the Role
Internal Audit: Head - Digital Lending and Overseas Audit will be responsible for conducting Internal Audits of Digital Lending and credit processes. He/ She will also manage the comprehensive audit of overseas branches like Singapore, Dubai, Gift City and Representative offices.
Drive audits with a focus on RBI Digital Lending guidelines, Data protection laws and other Digital and IT/IS controls.
Manage overseas audit with focus on regulations governing the jurisdiction of Branch/group entity.
As a part of the audit process, he will have to do active engagement with stakeholders like Business Heads, Department Heads, Process Owners and other Senior Executives and influence and secure agreement on observations and recommendations and implementing comprehensive remediation. Keep abreast of RBI, DFSA, MAS, IFSACA regulations

Key Responsibilities
. Ensuring commencement / completion of audit assignment as per the audit plan, adhering to schedules, and ensuring adherence to audit processes & standards. These include centralized and well as decentralized audit of Wholesale Lending Business and Credit
. Ensure adherence to the audit policy and procedure
. Conducting thematic reviews, special audits and investigations and provide qualitative suggestions /recommendations for improvement of processes & effectively bringing out the irregularities relating to violations of regulatory / external guidelines
.Timely submission of inputs for regulatory reporting and reporting to the Audit committee
.Engage with stakeholders including Department Head, Process Owners, Business Heads and secure agreement on observations and recommendations and implement comprehensive remediation.
.Oversight audit activity including i) managing and optimizing resources, ii) coordinating with stakeholders to execute audit by arranging for data and other support iii) manage, motivate and engage with team members and provide them with technical training as required to effectively conduct audits
. Develop tests of transactions and evaluate audit findings
. As part of audit review customer service processes, sourcing process, process on computation and charging of interest rate, disclosure and collection processes

Qualifications
.CA, ICWA, MBA, CIA, CFA, FRM, Postgraduate or other similar professional qualifications.
.13+ Years of relevant work Experience

Role Proficiencies:
For successful execution of the job, a candidate should possess the
.Knowledge of relevant Audit Processes and Standards is desired though not essential
.Previous experience in Audit, Inspection, Compliance and Risk management will be added advantage.
.Experience and Knowledge of Financial services, Banking and Lending Business (any of the Lending business areas like Business, Operations, Underwriting, Credit, Audit and Risk) are essential requirements of the role.
.Knowledge of Digital lending guidelines will be an added advantage
.Good communication (both verbal & written) and inter-personal skills
.Strong Team player
.Leadership skills and ability to communicate effectively influence stakeholders.
.Ability to prioritize and make decisions in a fast-paced environment
.Ability to manage multiple tasks/projects and deadlines simultaneously