Principal Audit Manager

Role Description

• The Group Audit (GA) function comprises c. 880 staff who take a proactive, risk based and independent approach to assist the Bank's business and infrastructure functions to identify key control weaknesses.
• GA prides itself in ensuring the highest standard in professional delivery. Being DB's 'third line of defense GA have a high internal profile, acting as an independent and forward-looking challenger and adviser to Senior Management. We are strongly rem/lied upon by the Regulators.
• We are a diverse and inclusive global division where culture is at the core of our team dynamic; GA is inextricably linked to promoting strong corporate and ethical governance, a philosophy that it is the responsibility of each, and every person employed within DB. GA is about trust, excellence, people, and performance.

Overview of the Role:

• The Country Head of India (Director, Principal Audit Manager (PAM)) is responsible for leading the country Group Audit team in India, delivering risk based and regulatory required audit coverage, managing local regulatory relationships, and facing off to local management

Your key responsibilities

• The Principal Audit Manager (PAM) and Country Head of India leads a team of auditors based in Mumbai to execute a risk-based audit plan to evaluate the adequacy and effectiveness of internal controls relating to risks within the countries portfolio.
• Develops the audit team, providing coaching and support to enable success. Cascades SMART business driven objectives and ensures every team member receives continuous and constructive performance feedback.
• Works with GA leadership at the global and regional level to provide audit coverage to meet risk based and local regulatory requirements.
• Responsible for the planning, staffing, risk assessment and delivery of audits and finding validations especially with a focus on local regulatory requirements and also collaborating with GA SMEs to maintain oversight over coverage of regulatory required topics.
• Owns and drives the audit process, identifies, and escalates audit issues and quality controls audits and subsequent reporting. The PAM is responsible for reviewing all audit workpapers, findings and recommends audit grades and finding ratings for final approval.
• Acts as a primary relationship manager for local ciuntry management and represents the division at committees and forums both internally and externally.
• Responsible to manage relationships with local regulators and coordinates GA requirements during regulatrory inspections.
• Acts as a management role model for their team and the wider Function.
• Determine audit team involvement and responsibility for each audit and validation.
• Build and sustain networks and relationships across the organization and with external parties to enhance the function's performance, create buy-in and support for departmental/functional plans, aiming to form win-win alliances with others.

People Management

• Create and reinforce an environment where people management and development are a key priority and personally demonstrate commitment to the immediate and wider Function.
• Manage direct reports, through empowering them to deliver on their objectives, providing coaching and support to enable them to be successful.

Your skills and experience

• Minimum 15 years of Audit Business experience and an understanding of the risks and regulatory requirements in Retail, Corporate and Investment Bank set-up.
• Proven knowledge of the banking control environment and compliance issues in the banking/finance industry.
• Proven working knowledge of auditing standards and concepts.
• Proven track record in Direct Regulatory interactions
• Sound understanding of regulatory developments and of both the holistic risk environment and control best practice for their respective areas of responsibility including Asia Pacific.
• Outstanding operational and people management skills; the ability to operate a diverse team, appraise individual potential, motivate teams.
• Successful track record in communicating complex issues across different hierarchical levels in both local and global context
• Excellent project management and planning, problem solving, relationship management and presentation skills combined with the ability to work in virtual, global teams in a matrix organization, openness for occasional travel
• Able to work in virtual, global teams in a matrix organization, transfer knowledge and develop capability of team members.
• Excellent communication skills, communicating with clarity, both orally and in writing, in a logical order and structured approach.
• Excellent relationship management, analytical, problem solving, communication, influencing, planning and presentation skills.

Education/ Qualifications:

• Educated to University degree level
• Additional qualifications/certifications CA, CIA, ACAMS will be an additional advantage