Risk and Audit Analyst

Job Summary

The Risk and Audit Analyst will support both the Operational risk management (ORM) and Internal Audit functions of the organization. This role will assist in identifying, assessing, and monitoring operational risks while also supporting internal audit activities. The position for a professional with 2-3 years of experience in risk management, auditing, or a related field, or for an internal candidate looking to transition into this specialized area.

Key Responsibilities

1. Operational Risk Management (50%):

   - Assist in implementing and maintaining the operational risk management framework.

   - Support risk assessments and analysis of potential operational risks across various business units.

   - Help monitor and report on key risk indicators (KRIs).

   - Contribute to the development and maintenance of risk registers.

   - Assist in preparing risk reports for management review and support for reporting to stakeholders.

   -   Co-ordination with/support to designated functional SPOCs

  -     Incident reporting and management

   - Support risk awareness training programs for employees.

2. Internal Audit (50%):

   - Assist in planning and conducting internal audits across different departments.

   - Support the evaluation of internal controls and compliance with policies and procedures.

   - Help in documenting audit findings and preparing draft audit reports.

   - Assist in following up on audit recommendations and corrective actions.

   - Support the maintenance of audit documentation and workpapers.

   - Help in developing and updating audit programs and checklists.

3. General:

   - Collaborate with team members and business units to gather information and conduct analysis.

   - Maintain confidentiality of sensitive information.

   - Participate in continuous improvement initiatives for both risk management and audit processes.

   - Assist in ad-hoc projects as assigned by the senior manager.

Qualifications and experience

- Certified CA (Chartered Accountant)

- 2-3 years of experience in risk management, internal audit.

- Basic understanding of operational risk management, risk controls and assessment and internal audit practices.

- Familiarity with relevant regulatory requirements and industry standards.

Skills

- Strong analytical and problem-solving skills.

- Excellent attention to detail and ability to manage multiple tasks.

- Good verbal and written communication skills.

- Proficiency in Microsoft Office suite, especially Excel.

- Basic knowledge of data analysis techniques.

- Ability to work effectively in a team environment.

- Eagerness to learn and grow in the fields of risk management and internal audit.