AddressThe candidate should be a proven audit and risk professional who will help develop and drive a clearly defined audit strategy with complete responsibility for the function.
S/he will be responsible for assessing and making appropriate recommendations to provide assurance and improve the governance processes on business decision making, risk management and control. S/he will promote appropriate ethics and values within the organization and ensure staff accountability.
Primary Job Duties/Responsibilities :
The key job duties/responsibilities are enumerated below:
- Develop Internal Audit Plan covering credit, information systems, admin payments, risk-based audit and concurrent audit.
- Ensure that the governance, risk management and control concerns of the management are considered in the planning, and plan updates, and that Internal Audit provides suitable, prompt assurance in respect of the areas of concern identified.
- Assit HIA in execution and management of the whole audit cycle, including risk management and control management over the efficiency of operations, the stability of the financial position, and adherence to all relevant rules and laws.
- Conduct an independent risk analysis to create a risk-based audit plan. This risk assessment would cover risks at various levels/areas, the portfolio, and individual transactions, etc. as also the associated processes.
- Focus on material risk areas and prioritize the audit work.
- Conduct risk assessment on a yearly basis, considering changes in business environment, activities, and work processes, etc.
Professional Experience :
- Minimum 12 years of experience in banking/corporate sector of which minimum 6 years in financial services. The candidate should have minimum 3 years of audit experience in areas like Banking / Accounting / IT / Credit (in RBI regulated entity)
- Should have a good understanding of industry and risk management, knowledge of regulations, legal framework, and sensitivity to supervisors' expectations.
- Should have the ability to independently exercise judgement and should have the freedom and sufficient authority to interact with regulators/supervisors directly and ensure compliance.
Educational Qualifications :
- Graduate / Postgraduate in any discipline from a recognized University / Institution
- Preferred: CA, CFA, CWA, MBA Finance, Certified Internal Auditor (CIA), CAIIB, Certificate in Audit & Accounts from IIBF
