Chief Manager - Audit and Assurance

Grade: General Manager

About the role:

This is a senior leadership role. We are seeking a highly skilled and experienced Head of Audit and Assurance to lead our Audit department and manage the Audit and Risk functions of the Bank. This position will be responsible for:

A. Ensuring Bank's operations are conducted in compliance with all relevant laws, regulations, internal policies and procedures and as per accounting standards.

B. Conducting regular Risk Based Internal Audits (RBIA) as per guidelines and directions of Reserve Bank of India (RBI) and by Risk Control Matrices (RCMs) developed by the bank.

He/ she should have a well proven strong track record of success in a similar role. Experience of working in a Co-Operative Bank/ Small Finance Bank (SFB), NBFC would be an added advantage.

Education, experience and certification requirements:

1. Qualified Chartered Accountant (CA) with added qualification in Internal Audit or Certificate in Risk Management will be preferred.

2. 10+ years of post qualification experience and at least 3 years of experience in Banking and Financial sector (BFSI).

3. Knowledge of risk management practices and methodologies, as well as regulatory requirements in banking sector.

Age: Not over 45 Years

Job Description & Responsibilities:

1. Act as the primary point of contact for all regulatory agencies, including the RBI, in matters related to audit function.

2. Develop and implement Risk and Control Matrices (RCMs) that is in line with the bank's overall strategy and objectives keep relevant processes benchmarked to industry best practices and peer banks.

3. Lead and manage the audit team to ensure that all audits are conducted efficiently and effectively.

4. Conducting risk assessments and identifying potential risks across all business product and functional verticals.

5. Provide guidance and ensuring mandatory training programs are conducted for bank staff on audit and risk related matters as per regulator’s requirements.

6. Review and approve audit reports and ensure that they are accurate, complete, and provide meaningful recommendations for improvement.

7. Ensure that all audit findings are promptly communicated to management and that appropriate corrective actions are taken.

8. Provide technical assistance with investigations, special audits and provide subject matter expertise as needed.

9. Building strong relationships with key stakeholders and assist Board and the Senior Management in implementation of Risk Management Policy including policies and procedures.

Functional and behavioral Competencies:

1. A deep understanding of credit policies & procedures covering both pre and post disbursement aspects. Strong knowledge of audit principles, standards, methodologies and practices (including internal controls, risk assessment, compliance and other relevant areas).

2. Proficiency in use of audit tools, data analytics relevant to audit function.

3. Excellent communication and interpersonal skills with the ability to build strong relationships with key stakeholders.

4. Strong leadership and project management skills, with the ability to manage a team of audit and risk professionals.

5. Achievement orientation & drive for consistent results.

6. Planning & organizing skills.

7. Tech Savvy.