Internal Audit:Auditor - Offsite Monitoring Team

Experience: 7 - 9 Years

Internal Audit:Auditor - Offsite Monitoring Team

Internal Usage:

No. of Vacancies: 2 Reports to: SVP I

Is a Team leader? No Team Size: 4+1

Grade: Senior Manager/Manager

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:

• Proactively manage the Offsite Monitoring activities in tandem with the continuous strategic developments and undertake internal activities in accordance with the Bank's Policies, Procedures, Regulatory requirements, Internal Audit Standards and leading practices.
• Develop and implement an effective offsite monitoring framework/model for the department to provide value added assurance to the Senior Management on key governance, risk management and control processes for areas relating to Bank processes and various risks faced by the Bank.

Key Responsibilities

• Identify and develop new offsite audit objectives/scenarios across various processes/sub processes of the Bank.
• Conduct data analytics and share insights with Branch Leadership and Senior Management.
• Enhance the Offsite Monitoring Model by reviewing and incorporating additional parameters to improve the model.
• Review the branch audit plan based on the output received from Offsite Monitoring model to include Comprehensive Audits and Snap Audits.
• Conduct back testing exercise of the model with the audit reports issued as per trigger
• Conduct validation of branch compliance pertaining to s triggered through Offsite monitoring exercise and initiate necessary action against erring branches.
• Conduct Thematic and Snap Audits.
• Liaise with business and support Units head to identify key strategic and operational areas.
• Review the assessment of adequacy of internal control systems, policies, and processes and review the recommendations, whether in line with the risk identified and conclusive enough to address the issue.
• Provide creative and proactive resolution of control issues relating to significant areas of risk in a manner consistent with corporate goals, strategies, values and leading practices.
• Contribute to advisory assignments relating to organizational activities, process development/ improvement.

Qualifications

Education / Qualification:

• Bachelor/Master in Engineering / Computer Science or Data Science with proficiency in SQL, Python and Tableau
• 1-2 years of experience in the field of Data analytics
• Banking experience of 2 to 3 years will be preferred

Role Proficiencies:

• Ability to have effective communication with Stakeholders
• Ability to provide insights to Senior Management based on deep understanding of the business, processes and industry trends for remediation of the risk and strengthening the control environment.
• Technically proficient with strong analytical abilities, conversant with Risk Strategies and process, wholesale and retail banking products and the related processes and controls, network environment and various data analysis software tools.