Job Description Reporting into the Senior Internal Audit Manager/Country Head of Audit, independently and proactively examining and evaluating the adequacy and effectiveness of internal controls in the entire Country/Branch activities, and operations by executing the internal audits/reviews to provide assurance to management that the assets of the Bank are safeguarded and both Bank's and regulatory policies and procedures (including anti-money laundering) are complied with. Responsibilities
Planning, organizing, executing and concluding the individual audits to identify weakness in the effectiveness of controls and key processes of the unit(s), operational/regulatory deficiencies and provide appropriate recommendations for improvement to minimize risk and safeguard the assets of the Bank.
As an Auditor-in-charge, preparing a comprehensive audit plan of auditable entity to identify the assignment scope, audit approach and critical audit areas / processes to focus on and surface key control gaps.
Identifying all potential risks that could have an impact on the realization of the Country/Branches strategic goals.
Preliminary assignment of risk rating of hazards which is later on finalized as per process
Drafting of audit reports and action plans for further review and approval.
Reviewing the closure requests of action plan items (review of resolutions presented by the management)
Organizing meetings across various areas to effectively close control gaps within established time frames for processes that affect them.
Conducting reviews or participating in special assignments like investigations, product/systemdevelopment projects, projects for centralization or streamlining of processes, standard operating procedures, etc., to identify risk and control issues; recommending opportunities for improvement in line with best banking practices.
Discussing and recommending focused action plans to improve risk management practices; ensure common understanding on the issues and agree to corrective steps to be taken by the auditable entity. Finalizing the audit reports within scheduled time.
developing professional working relationship with managers and counterparts for the purpose of mutual understanding, easy communication and to obtain their consent on audit findings and suggested opportunities for improvement
Proactively interacting with Business and Infrastructure Unit Managers of the Country/Branch on review findings, surfacing of risks and mitigation.
Providing regular updates to the Resident Senior Internal Audit Manager/Country Head of Audit for the preparation of detailed annual audit plan based on risk assessment and evaluation of various processes/activities within the Country.
Keeping track of business developments for updating the Audit Universe and the Audit Plan.
Fully complying with all systems and procedures, review criteria for selection of review parameters as established and modified from time to time, internal processes, turnaround time in carrying out the job in a professional and efficient manner ensuring that all activities are carried out in accordance with the rules and guidelines set out in Internal Audit Charter / Manual and in such manner that is consistent with International Standards for the Professional Practice of Internal Auditing.
Able to operate in a highly challenging and continually evolving environment, characterized by composite risks (existing and emerging), decentralized controls, innovation and automation,
Move towards newer and complex / sophisticated product offerings within Wholesale (IBG/FI/TCM), Retail Business Segments as well as Operations, Technology & Risk Management.
With the audit universe becoming more complex, the position needs to independently deal with highly experienced specialists, have understanding of complex products and be able to influence/convince counterparts, peers and seniors on matters related to risks and controls.
Excellent working relationship, its management and influencing skills in ever changing environment and growing audit universe with greater number of specialists in controlling positions is part and parcel of the position.
Ability to command respect by demonstration of skills and presenting and offering practical and effective solutions is a key success factor.
very high degree of problem solving and know how to recommend solutions is an absolute must in the new and emerging environment growing in all direction.
Specialized knowledge, comprehension and understanding of products and composite risks, ability to project and assess risk end to end, and those not seen by specialists in each business areas is a must.
The very nature of this position is to ensure bank wide adherence and compliance to bank's control standards, procedures and processes; to be able to resolve control risk gaps for which many a time no ready solution is available within the area under review.
Through his / her expertise he / she should also be able to support optimizing risks by eliminating redundant controls.
Based on the independent professional judgement, initiate, prepone, postpone, prioritize audits / reviews / investigations of any areas in the bank
Responsible to raise, risk-prioritize and ensure risks are addressed in timely manner in his judgement.
Determine areas of risk and appraise their significance in relation to operational factor of cost and quality.
To accurately dimension / crystallize / assign ratings and communicate the impact of recommend actions Qualifications
MBA or Business graduate from a prestigious and/or well recognized business school. Professional certifications like CIA or CFA are additional advantages.
Minimum 5-8 years of experience with reputed international/local bank, with at least 5 years in audit role
High degree of lending (credit, analytical, judgmental), Financial Institutions, Trade Finance auditing skills
Possesses strong analytical (including SQL or MS-excel based) and problem solving skills.
Fluent in English and excellent report writing skills
Computer literate
Strong people management, communication and interpersonal skills.
Excellent and ongoing working relationship management with counterparts is essential for effective delivery of results in view of frequent changes around and high turnover, aggressive growth plans and the introduction of new products / services.
