Senior Manager - Audit Testing (Mumbai, Worli)

About the Role

The role of Auditor involves:

- Monitoring risk trend movement based on various parameters identified for risk categorization and identification of triggers for outlining breaches in risk thresholds

- Conducting trigger based thematic audits based on the above identification for the areas covering Central Offices, Business Functions, Retail Banking Operations, Transaction Banking Operations & Banks new products & processes.

- Independently managing the process of submission of information / reports / notes to the various stakeholders

- Execution of thematic audits by adhering to given schedules and ensuring adherence to audit / ISO processes & ICAI standards

- Review of Compliances of Audit reports submitted by Auditee units

- Ensuring follow up for closure of reports and files within prescribed timelines.

Key Responsibilities

- Review of Data Points under RBS Tranche I, Controls under RBS Tranche II & Regulatory Guidelines covered as part of RBS Tranche III and trend analysis of inherent & control risk movement and identification of hotspots

- Ensure adherence to the Regulatory guidelines, Internal guidelines, new products / processes / policies, RBS data points, etc. during Internal Audit process

- Conducting internal audits within stipulated time and submission of audit reports based on risk based audit norms.

- Ensuring quality of audit report (depth & coverage) by focusing on root cause analysis and providing qualitative suggestions/recommendations for improvement of processes & mitigation of risk

- Effective use of off-site audit reports (with special focus on data mining & analysis) for bringing out risks in the audit reports.

- Conducting planned and unplanned audits and provide qualitative suggestions/recommendations for improvement of processes.

- Updating skill sets and knowledge through continuous readings, attending trainings

- Ensuring timely follow up on closure of audit findings; checking the closure in line with the risk and recommendation; processing the closure of audit issues / reports as per the policy

- Timely submission of information relating to audits conducted to internal and external stakeholders. 

Qualifications

Optimal qualification for success on the job is:

-  CA

- 4-10 Years of Banking Domain Experience, with prior experience in Operational / Liquidity / Credit / Market Risk

Role Proficiencies

- Demonstrate proficient understanding of Operational Risk, Credit Risk, Market Risk, Liquidity Risk & Pillar II Risk covering areas like Central Office, Business Function, Retail Banking Operations & Transaction Banking Operations

- Knowledge of Business Applications used in banking industry

- Understanding of RBS Tranche I Data Points, Controls under RBS Tranche II and Regulations covered as part of RBS Tranche III

- 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 Bank's 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