Assistant Vice President - Regulatory Reporting & Internal Audit (8-12 yrs)

Looking for experience in-

Regulatory Reporting + Audit

Job Description:

- The Senior Auditor, Corporate Audit, focusing on Global Markets Operations (GMO) and Non-Financial Regulatory Reporting, Tax & Credit Reporting Operations (NTCO) operations, will assist in managing the audit coverage for these organizations.

- This role is pivotal in ensuring the effectiveness of internal controls, risk management, and governance processes within the company's global markets operations and NTCO.

- As a key member of our audit department, the successful candidate will be responsible for comprehensively understanding and evaluating GMO and NTCO LOB activities to identify key processes, risks, assess the effectiveness of risk mitigating controls and report results to Audit and Business Management.

- This involves scrutinizing GMO processes and workflows that are outsourced to India to ensure they align with corporate policies, regulatory standards, and best practices.

- The candidate will conduct detailed assessments of GMO/NTCO operations, identifying potential risks and inefficiencies, and will provide actionable insights to improve controls and enhance overall operational efficiency.

Responsibilities:

- This job is responsible for independently performing test work during highly complex audit activities for Non-Financial Regulatory Reporting (NFFR) Operations within the NFRR, Tax and Credit Reporting Operations (NTCO) Lines of Business (LOBs).

- Key responsibilities include independently designing and executing audit tests, assessing issues for business impact and recommending severity ratings, and establishing business partner relationships.

- Job expectations include evaluating the control environment, fostering an inclusive work environment, applying product, business, and technical expertise, and supporting team members with development.

- Coordinating and engaging with other Audit Team members to provide comprehensive oversight and audit coverage of Transaction Reporting / NFRR activities

- Reviewing & challenging the bank's implementation of Transaction Reporting / NFRR, including the control framework

- Developing new monitoring and testing activities covering NFRR accuracy, completeness and/or timeliness

- Understanding business processes, identifying material risks and mitigating controls

- Designing and executing audit tests to evaluate the control environment

- Assessing test exceptions (including related issues for business impact)

- Recommending issue severity ratings under the supervision of senior team members.

- Executes audit strategy for the sound application of risk-based auditing by defining audit scope and audit program, and leverages automation and innovative methods in a timely and high- quality manner

- Develops skills to use innovative tools to complete audit activities more efficiently (e.g., testing)

- Validation of issue remediation by businesses

- Establishes business partner relationships, primarily with line management, to develop business knowledge

- Exercises sound judgment to effectively influence process and control owners to improve the control environment while developing knowledge of product, business, and technical expertise

- Validation of issue remediation by businesses

- Establishes business partner relationships, primarily with line management, to develop business knowledge

- Exercises sound judgment to effectively influence process and control owners to improve the control environment while developing knowledge of product, business, and technical expertise

Requirements

Education :

- Chartered Accountant, bachelor's degree in accounting, Finance, Business Administration, or a related field.

- A master's degree or relevant certifications (e.g., CIA, CPA, CISA) are highly desirable.

- Experience Range : Minimum of 7-12 years of post-qualification experience in transaction reporting / NFRR function, ideally Internal audit, External audit, Regulatory department with transaction reporting/NFRR focus, or a related field, with a strong focus on transaction reporting / NFRR activities (required).

Foundational Skills:

- Strong Internal Audit (or External Audit) experience in financial services is preferred.

- Ability to understand the translation of laws, rules and regulations into business requirements, processes and controls.

- Responsible for executing multiple areas of test work during audit activities.

- Experience in performing end-to-end substantive testing. Understanding of statistical sampling testing approach is a plus.

- Ability to plan, execute and evaluate audit test plans within a risk-based audit methodology.

- Ability to successfully communicate to influence management and lead change in both strategic and tactical initiatives.

Desired skills:

- Strong Risk mindset (look beyond the form to focus on the substance)

- Financial services industry acumen.

- Ability to process information and change audit focus quickly in line with risk assessments.

- Ability to learn complex subject matter, understand regulatory requirements, and build testing programs to ensure compliance and mitigate risks.

- Foundational knowledge of key Financial regulatory requirements applicable to APAC, EMEA & US

Work location : Gandhinagar

Work Timings : 11 am to 8 pm IST