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Job Description
Job Summary: We are seeking a highly skilled Internal Auditor to join our team. In this role, you will assess and evaluate our bank's internal control systems, operational processes, and compliance with applicable regulations. You will play a crucial role in ensuring financial integrity, identifying areas for improvement, and enhancing risk management and operational efficiency.
Key Responsibilities
1. Regulatory Compliance: Oversee all regulatory validation processes, ensuring adherence to compliance standards and timely responses to regulatory changes.
2. Audit Universe & Risk Assessment: Identify the audit universe and conduct risk assessments to develop a comprehensive, risk-based audit plan.
3. Audit Committee Presentations: Prepare and present clear and concise reports to the Audit Committee, summarizing findings, risks, and recommendations.
4. Effective Communication: Exhibit strong communication skills in report writing and discussions with management, ensuring clarity and actionability of audit findings.
5. Open Audit Issues Monitoring: Monitor and follow up on open audit issues, providing regular updates to senior management regarding their status.
6. Collaboration with 2nd Line of Defense (LOD): Work closely with the risk and compliance teams to identify and address emerging risks through effective remediation strategies.
7. Senior Management Liaison: Liaise with the Managing Director, Business Heads, and Senior Management to update and implement resolutions for high-risk audit issues.
8. Coordination with RBI Auditors: Collaborate with RBI-appointed auditors for action taken report validation and address any queries as needed.
9. Audit Process Oversight: Oversee the entire audit process, from planning to reporting, providing guidance and support to junior auditors.
Desired Skills and Attributes
1. Analytical Skills: Strong ability to analyze complex data and identify trends and risks.
2. Attention to Detail: Meticulous in executing audit processes and reporting.
3. Leadership Qualities: Proven ability to motivate and guide team members effectively.
4. Problem-Solving Abilities: Innovative thinker with the capability to propose practical solutions to audit findings.
5. Integrity and Ethics: Commitment to maintaining the highest standards of professionalism.
Qualifications:
1. Chartered Accountant (CA)
2. Minimum 4-5 years of experience in internal audit, risk management, and compliance, with a preference for banking industry experience.
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