Internal Audit:Auditor-Subsidiary & Support Function Audits

Experience: 8 - 12 Years

Internal Audit: Auditor - Subsidiary & Support Function Audits

Internal Usage:

No. of Vacancies: Reports to:Team Lead�����������

Is a Team leader?NTeam Size:0

Grade:Manager/Senior Manager/AVP/VP

Business:Audit Department:�Internal Audit Sub-Department:-

Location:Mumbai, Maharashtra

About Internal Audit

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 Subsidiary & Support Function Audit division of the Internal Audit Department is focused on execution of internal audit assignments of Subsidiary & Support Function from planning to reporting and achievement of Internal Audit Plan as per defined timelines.

Key Responsibilities

� Independently execute Subsidiary & Support Function audits

� Ensure completion of assigned audits and documentation of work papers on time

� Compliances tracking of issues reported

� Assist in keeping Audit Procedure Manual and checklists current and updated

� Devise audit checklists for use of Internal/Concurrent Auditors and test products along with processes/procedures to foresee pitfall and bottlenecks and ensure these are audited/resolved

� Provide improvement/ suggestions to existing process / systems to line management

� Provide oversight to the Concurrent Audit process

� Ensure oversight of concurrent audit function (submission of reports on time, quality review, regular updation of checklists, etc.)

� Interaction with key business or external stakeholders for regulatory compliances, capital market requirement, dealer control, investment and acquisition, accounting and settlement and etc.

� Demonstrate in-depth knowledge of business risks, processes, and internal controls of the organization

� Ensure quality and consistency of the deliverables

� Co-ordinate with outsourced internal audit firms to accomplish audit deliverables

� Developing automated tests for continuous control monitoring

� Expected to be fully conversant with recent changes in regulations and assessing its impact on the audits undertaken

Qualifications

� CA/MBA/CIA or other equivalent qualification

� Understanding of Capital Market, Securities and Mutual Fund business will be preferred

� Proficiency in MS Excel as well as data analytics

� Knowledge of and skills in applying internal audit practices

Role Proficiencies:

For successful execution of the job, a candidate should possess the following:

� Drafting of detailed audit reports with assessment details, preparation of supporting work papers, clearly documenting the observations noted with implications and recommending corrective actions to auditee along with Root Cause Analysis

� Good communication (both verbal & written) and inter-personal skills

� Ability to work effectively across functions and demonstrated ability to coach and mentor others

� Considerable skills in negotiating issues and resolving conflicts

� Ability to manage audits and other actionable for self and team within a dynamic priority-setting environment

� Ability to prioritize and make decisions in a fast-paced environment

� Ability to work as a part of team and contribute towards team goals

� Ability to manage multiple tasks/projects and deadlines simultaneously