Trade Finance Audit - AVP

About the Role

The role of Auditor involves:

• Plan and conduct internal audits within Trade Finance and wholesale banking products / wholesale transactional operations vertical of the Bank, with a risk based approach to evaluate how well risks are being managed, the business is being governed, and internal processes are performing.
• Interpret business data and perform analysis, to provide audit / management insights & dashboards for ease of understanding.

Key Responsibilities

• Planning and executing internal, thematic, snap and special audits with a risk based internal audit approach within specified timeframes.
• Effectively recommend improvements to the policies, processes and operating practices by analyzing risk trends in the industry.
• Conduct Root Cause Analysis and design a remedial action plan for improvement of processes and mitigation of risks.
• Objectively appraise adequacy of internal control systems, policies, and processes and provide recommendations to improve the same.
• Contribute ideas for improvement by bringing in efficiency and smart approach to auditing
• Build understanding of significant business processes, regulations applicable to the bank and other specific business risks and Risk Based Supervision adopted by regulators.
• Ensuring commencement / completion of audit assignment within time norms, adhering to given schedules, and ensuring adherence to audit / ISO processes & ICAI standards.

Qualifications and Experience

Optimal qualification for success on the job is:

• Post graduate
• Professional courses like MBA/CA/ ICWA/CS/CFA/CIA are preferred.
• Experience in Trade Finance audits

Role Proficiencies:

• Demonstrate good understanding of Trade Finance and Forex products
• Knowledge of Business Applications used in banking industry
• Understanding of statutory and regulatory requirements and policies
• Working on the preparation of the Audit Calendar for the year basis the residual risk assessment and methodology defined in audit policy of the bank.
• Conducting specific audits basis plan or trigger based requirements of the bank.
• Drafting of detailed audit reports with assessment details, preparation of supporting workpapers, clearly documenting the observations noted with implications and recommending corrective actions to auditee
• Coordinating and supporting the Banks compliance team during RBI Audits and other external audits.
• Good communication (both verbal & written) and inter-personal skills
• Ability to work as a part of team and contribute towards team goals