Audit Testing / Compliance Testing role - Manager / SM / AVP

About Department:
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 follow both internal and regulatory guidelines

About the Role:
During Internal Audit, various non compliances to regulatory guidelines/other issues are identified by the audit team. Suitable recommendations are advised by the audit team for mitigating the risk which are then implemented by the auditee and responses including evidence are submitted for closure of audit issues. During regulatory inspections, observations are raised by regulators on various regulatory and other matters for which suitable compliances are submitted by the bank. These compliances are also reviewed by the audit team during the audit. Audit Testing Group is responsible for evaluating the comprehensiveness and adequacy of audit evidence provided by the auditee for closure of regulatory and audit observations, result in quality of audit closures, RAR and RMP compliances.

Key Responsibilities:
•    Identify the population for sustenance and audit testing and prepare testing plan.
•    Ensure sustenance and audit testing is conducted as per the plan. 
•    Conduct sustenance and audit testing, assess the comprehensiveness and adequacy of audit evidence for closure of regulatory and audit observations. 
•    Ensure commencement and completion of audit testing assignments within time norms. 
•    Preparation of submissions for review by CAE/ACB/ACE.
•    Ensure adherence to the audit process and methodology. 
•    Conduct special audits / investigations and submission of reports to Top Management.
•    Discuss major issues observed during audit testing activity with stake holders leading to conclusion of the audit observations. 
•    Preparation and circulation of key statistics on testing, closures, overdue audit observations to senior management / stakeholders.
•    Develop and implement an effective continuous monitoring framework for the internal audit department to provide value added assurance to the Senior Management on key governance, risk management and control processes for areas relating to auto automation and strategy.
•    Provide creative and proactive resolution of control issues relating to significant areas of risk in a manner consistent with corporate goals, strategies, values and leading practices.
•    Contribute to advisory assignments relating to organizational activities, process development/ improvement. 

Qualifications:
Education / Qualification:
•    CA/MBA (finance)
•    Experience in Audit in Financial Services sector/Fraud Examination/Branch Audit. Experience of Treasury and Infosec audit will be an added advantage. 
•    Excellent business, technical knowledge and experience in banking processes, regulatory requirements within BFSI and internal audit of the banking processes.

Role Proficiencies:
For successful execution of the job, a candidate should possess the following:
•    Effective knowledge of Banking operations
•    Should have a high degree of motivation with a continuous thirst for learning.
•    Good communication (both verbal & written) and inter-personal skills.
•    Strong Excel and database manipulation skills
•    Ability to work effectively across functions.
•    Ability to prioritize and make decisions in a fast-paced environment.
•    Ability to work under flexible hours.
•    Ability to work as a part of team and contribute towards team goals.
•    Ability to manage multiple tasks/projects and deadlines simultaneously. 
•    Ability to interpret and understand Regulations and regulatory observations. 
•    Technically proficient with strong analytical abilities, conversant with Risk Strategies and process, wholesale and retail banking products and the related processes and controls
•    Ability to have effective communication with Senior Management, Executive Directors and Audit Committee.