Job Title – Senior Audit Executive- Internal Audit
Place of work – Mumbai
Business Unit – Retail Banking
Function – Internal Audit
Job Purpose:
The role bearer has the responsibility to actively lead internal audits for the bank as assigned. It entails taking complete ownership of the process – creating checklists, conducting audits as per the defined timelines, publishing the audit reports and preparing for presentations to be conducted quarterly. The role bearer has to adhere by the guidelines set by the bank for audit reports – making the audit process more efficient contributing to the larger objectives of the bank.
Roles & Responsibilities:

  • Prepare and administer bank’s annual audit plan
  • Monitor the audit cycle programme to ensure it remains effective and up to date
  • Manage the detailed planning, risk assessment, scoping, and resourcing of complex audit projects
  • Lead preliminary planning and establishes direction for audits, provides support to assigned auditors, manage project to quality outcomes, meet established time budget
  • Ensure execution of audit plan as per agreed timelines, draft audit reports, discuss and finalize the same with the auditee
  • Review the working papers prepared by subordinates and take complete ownership of it
  • Identify critical areas for continuous monitoring and develop necessary exception reports for the same
  • Lead in developing operational expertise in core areas and leverage in internal audits
  • Develop key metrics, trends, and strategic analysis of areas of responsibility and presents audit trends and results to senior management
  • Prepare audit committee presentations for audits held during each quarter and making sure that all critical issues are included along with adequate plan of action
  • Conduct follow-up audits to make sure that regulations and bank rules are still being met and best practices are being followed
  • Conduct special audits as required by senior management and issue results
  • Provide guidance and trainings to Project team members in the field of Internal Audit
  • Capture and share best- practice knowledge amongst the team
  • Create an environment that promotes collaborative learning and collective ownership of responsibilities
  • List the deliverables other than primary, but essential for the role
  • Leverage in-house synergies through collaboration with internal stakeholders
  • Stay abreast with global market trends and competitor strategies in key markets
  • Job Description:
    Develop a risk based audit plan detailing the scope, nature and timing of audit activities
    Conduct the internal audit to assess the adequacy, effectiveness and efficiency of the established Internal Controls
    Managing the Concurrent auditors
    Key risk area testing of Credit Card, Office account, Operation etc.
    Experience of handling audit of Credit Card Product and Operation and adherence of regulatory guidelines will be preferred.
    Discuss the audit findings and recommendation with Line Managers and reports significant issues to senior management
    Prepare the audit reports and update in the audit system
    Ensure timely completion of audit plan and presenting the issues to Audit Committee as per the plan.

Managerial & Leadership Responsibilities:

  • Attract and retain best-in-class talent for key roles in their reporting structure

Educational Qualifications:
Graduate – Any
Post Graduate – MBA Finance
Professional Degree- CA
Experience:
Minimum of 8+Years in Internal Audit


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