Internal Audit

Purpose of the Job

To be responsible for the preparation of the audit plan (including annual and strategic plans) in line with the Audit strategy to optimize the audit coverage as per banks internal as well as regulatory requirements. Also, audit scope will include system audits, financial audits, process and regulatory audits related to all Business segments as well as Support functions/platforms.

Deliverables

• Develop and implement the overall Audit Plan and conduct of audits of various verticals / functions of Bank to assess controls, operational and technical efficiencies and compliance with selected policies, procedures and regulations.
• Develop detailed scope, conduct process walkthroughs, devise risk control matrix, develop/update audit checklist ensuring comprehensive review of the business as well as support functions.
• Follow-up and testing of compliance to the audit reports
• Review of the existing process and suggest areas of improvement to enhance controls, reduce cost and minimize revenue/income leakages.
• Provide ongoing training/support to auditors to strengthen the internal audit framework.
• Preparation of action taken report for submission to the Audit Committee of Board.
• Identify critical areas of continuous monitoring and developing necessary exception reports for monitoring
• Promote the highest standards of ethics and standards across the organization based on the principles of integrity, objectivity, competence and confidentiality.
• Technologically enable the internal audit function to best in class standards

Demonstrate

• Compliance knowledge

• Success in performing audit projects in accordance with internal auditing standards

• Strong documentation skills

• Project management and influencing skills

• Good Leadership Skills

• Ability to identify the risks and recommend actions

• Analytical and result oriented Skills

• Good interpersonal skills

• Exhibit the ability to aggressively and passionately pursue ambitious goals, high energy and positive mindset

• Takes initiative and drives a culture of accountability, planning and prioritizing work to meet commitments

Working Experience : Experience in Auditing/Risk/Compliance and or Operations, in large to mid-size bank or professional services firm,