Internal Audit:auditor

Internal Audit: Auditor - Credit Thematic Audit

INTERNAL USAGE:
No. of Vacancies: Reports to:
Is a Team leader? Yes Team Size: 7

Grade: DM -Mgr
Business: Corporate Centre Department: Internal Audit Sub-Department:
Location: Corporate Office, Worli Mumbai

About Department

Internal Audit function of the Bank, operates independently under the 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

The role involves:

- Ensuring planning, commencement and completion of audit assignments within defined timelines.
- Monitoring of audit assignments in order to assess the adequacy of audit coverage, execution and mitigation of risk identified during the audit.
- Ongoing engagement with Key Internal Stakeholders to drive mitigation of risks identified during audit.

Key Responsibilities
- Planning the audit, developing clear and concise risk/control matrices and audit programs and reporting of audit findings
- Ensuring commencement / completion of audit assignment by team within time norms, adhering to given schedules, and ensuring adherence to laid down audit policy, procedures and standards.
- Objectively assess the adequacy of internal control systems, policies, and processes; identify gaps in the design of the internal control systems, policies and processes.
- Effectively recommend improvements to the policies, processes and operating practices by analyzing risk / gaps
- Review and assess the effectiveness of root cause and recommendations and remedial action plan to address the identified risk / gaps
- Implementation of changes in audit policies and process based on regulatory findings and Senior Management directives
- Contribute ideas for improvement by bringing in efficiency and smart approach to auditing
- Demonstrate reasonable knowledge of the industry or sector and be aware of current risks / trends
- Effective engagement with the key stakeholder and independently managing the process of submission of information / reports / notes to the various internal stakeholders (Department Heads)

**Qualifications**:
Education / Qualification:

- CA/MBA (finance)

2-8 Years of Banking Domain Experience preferred
- Experience in Corporate banking and/ or Credit audits including the process for governance

Role Proficiencies:

- Demonstrate proficient understanding of Credit Department covering Wholesale Banking audits covering key governance, risk management and control processes for areas relating to Corporate Banking, Retail Banking, Treasury, Risk Management, Compliance, Finance & Accounts, Human Resources, Administration, Outsourcing and other activities undertaken by the Offices
- Coordinating and supporting the Bank’s compliance team during RBI Audits and other external audits.
- Good project management skills while working with both internal and external stake holders
- Good communication (both verbal & written) and inter-personal skills
- Effective team management and ongoing review of work performed by team members
- Strong Excel skills, financial and statistical analysis skills)
- Ability to work effectively across functions and demonstrated ability to coach and mentor others
- Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment
- Ability to prioritize and make decisions in a fast-paced environment
- Ability to manage multiple tasks/projects and deadlines simultaneously