7 Audit Methodology Jobs

JOB TITLE -Manager - Credit Audit GRADE-AVP-I DEPARTMENT -Internal Audit Department SUB-DEPARTMENT-Credit Audit REPORTS TO-National Audit Manager Credit REPORTING INTO -Specialist ROLE PURPOSE & OBJECTIVE To execute internal audit of Credit function of the bank as per audit methodology/ procedures defined in Internal Audit Policy and applicable external/regulatory requirements To perform variety of audits including thematic reviews of banking products/processes, process and regulatory audits related to Credit and other departments. To coordinate with owning department for audit issue tracking and closure Support the National Manager- Credit Audit ("NM-CA") and Head of Audit (HOA) in all matters related to credit risk and execute the audit in accordance with instructions given from time to time. SIZE OF THE ROLE FINANCIAL SIZE NON-FINANCIAL SIZE Number of Process audits participate and complete at least 7 audits annually. RBS Tranche I, II and III compliances Based on audit coverage KEY DUTIES & RESPONSIBILITIES OF THE ROLE Business/ Financials Perform Loan Review Mechanism activity in accordance with guidelines on credit risk management issued by RBI. Perform the Risk based Credit audit and Inspection (wherever required) in accordance with the scope document approved by NM-CA. To plan and execute Internal Audit of Credit functions/verticals as per the Board Approved Annual Audit Plan / Management requests, To assess controls, operational efficiencies and compliance with selected policies, procedures and regulations. Perform and execute any additional audit assignment instructed by Head of Audit or HCA at the respective location of placement or other regions jointly with other Credit Audit Managers. Ensure to maintain the quality of work-papers to provide sufficient support for the assessments made. Make an effective follow up of audit issues and close to the satisfaction of audit standards. Customer (Both Internal & External) Coordination for retrieving MIS data required at Corporate office/Regions and utilizing the data in audit reports. Provide common/systemic issues identified in credit audit reports to HCA/HOA. Explore audit relevant data from internal sources to produce audit evidence for risk assessment and analytical procedures. Internal Process Effectively collaborate with other team leaders of Branch Audits, other team members at Regions and NM-CA. In-depth analysis of critical findings reported in the audit to identify the vulnerabilities in the existing processes/ systems and suggesting for changes/improvement on the controls. To review Compliance to stipulated SLA/Policies/Processes/RBI regulations based on audit scope To test the effectiveness of controls based on sampling methodology Recommend development of policies and procedures in consultation with various departments for reducing risk and operational improvements. Draft detailed Internal Audit reports, discuss with owning department and maintain related work papers To track the audit for timely closure based on appropriate implementation To test the RBI guidelines for RBS Tranches (I, II and III) Complete Quality Assurance (QAIP) in terms of IIA guidelines for Audits completed Innovation & Learning Continuous learning on RBI Circulars, IBA Circulars, Statutory department circulars, internal circulars, policies and manuals. Undertake additional certifications, trainings and mandatory programs advised by the department. To complete learning modules related to Banking products and RBI regulations in Swayam App MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS Educational Qualifications Chartered Accountancy /CA (Inter)/ Post Graduate/ CIA / CAIIB Experience(Years and Core Experience Type) 7-10 years of which 3-4 years in credit audit in retail Bank or multi product NBFC Experience in conducting Credit Audits or Credit risk assessment of retail products (Desired) Functional Skills Understanding of risk and control concepts Report writing and documentation abilities Communication and presentation skills Analytical and result oriented Skills Behavioral Skills Good interpersonal skills Internal stakeholder engagement Competencies Individual Contributor KEY INTERACTIONS INTERNAL EXTERNAL Head Internal Audit Head of Credit Risk Head of Credit Functions Vendors (Financial / Non-Financial) RBI representatives QAIP Auditors

Responsibilities Audit associates provide timely, high quality client service with large and small companies in a variety of industries. They will develop strong working relationships while working closely with teams to understand clients' businesses and challenges. Associates serve our clients by: Developing and demonstrating an understanding of the RSM US audit approach, methodology and tools Performing audit procedures and tests in accordance with RSM audit methodology based overall audit plan, ensuring proper documentation of work performed Identifying accounting and auditing issues; discussing with audit in-charge to solve issues that arise Assisting engagement team in preparation of audit reports, and management letters Exercising professional skepticism, judgment and adhere to the code of ethics while on engagements Ensuring that documentation is compliant with quality standards of the firm Working collaboratively as a part of the team and communicate effectively with RSM audit professionals, supervisors, and senior management in the U.S. on a daily basis Taking ownership of assigned tasks and deliverables to ensure service excellence through prompt responses to internal and external clients Providing timely, high quality client service that meets or exceeds client expectations including coordinating the development and execution of the audit work plan and client deliverables Understanding RSM US and RSM Delivery Center's line of business service offerings and work as a team in providing an integrated service delivery Ensuring professional development through ongoing education Participating in a range of projects and open to collaborate and work with multiple teams; demonstrating critical thinking, problem solving, initiative and timely completion of work Developing an understanding clients' needs and expectations, their business and industry, accounting and control systems, employees, company values and industry-related GAAP and GAAS issues Required Qualifications Bachelors in Commerce/MBA Qualified Chartered Accountant/ACCA/CPA , 6 months- 1 year of relevant experience Strong Data Analytical skills including advanced Excel skills (Vlookups, pivot tables, and basic formulas), Word and PowerPoint Strong multi-tasking and project management skills Excellent verbal and written communication (English) as the position requires frequent communications with RSM International clients Preferred Qualifications Experience in Industrial Goods industry preferred Strong computer skills, including MS Office Ability to work as an effective member of a team Motivated to work in a fast-paced environment Client focused Ability to multitask

We are hiring Internal Auditor for Pune- Chinchwad location (Immediate Joiner) Company Profile:- https://krsnaadiagnostics.com/ Job Description:- Role & responsibilities Evaluate the design and operating effectiveness of internal controls. Responsible for planning and executing internal audit engagements in accordance with established audit methodologies and standards. Perform walkthrough of the processes in scope with process owners and document audit programs. Substantiate the gaps/observations noted. Conduct discussion with process owners on the gaps/observations and recommendations. Conduct risk assessments to identify key areas of focus for internal audits. Conduct Enterprise risk management (ERM) & Internal Financial Control (IFC) Perform testing of controls and procedures to ensure compliance with policies, regulations and industry standards. Identify control deficiencies and recommend remediation actions to strengthen internal controls and mitigate risks. Prepare clear and concise audit reports with detailed findings, recommendations, and action plans. Communicate the above to management and stakeholders. Follow up on audit findings and management responses to ensure timely implementation of corrective actions. Stay updated on industry trends, best practices and regulatory requirements related to internal auditing. Preferred Candidate Profile Qualified Graduation / Masters Min 7-10 years of experience Strong knowledge of internal auditing principles, practices and standards. Excellent analytical, problem-solving and critical thinking skills. Ability to work independently and collaboratively in a fast-paced environment. Effective communication and interpersonal skills No of working Days- 6 Days Mode of Work- Onsite Interested ones please apply or share CV to recruiter@krsnaa.in

KEY RESPONSIBILITIES The Internal Audit Business Operations Team manages a broad set of operating activities under the direction of the Chief of Staff (CoS) and Chief Operating Officer (COO). The team is a key party in delivering Internal Audit's forward-looking business planning and strategic transformation initiatives through collaborating with each of IA's business units (BUs) to forecast and achieve quantitative and qualitative results for the function. The team manages strategic process improvements, develops reporting, performs analysis and coordinates business-as-usual execution across the following primary areas: Expense and Headcount Management Financial budgeting and forecasts Contingent worker expense management, including spend request, on-boarding and off-boarding processes Process Governance and General Administration Manage enhancement portfolios for select centralized processes within IA Monitor IA employee compliance with mandatory compliance training and system entitlement recertification processes Business Unit Management Coordinate periodic reviews to assess operational performance of IA BUs, including developing, monitoring and reporting on operating KPIs Work with Business Unit Managers (BUMs) and Global Audit Directors to develop operational expertise across the full suite of non-audit activities Business knowledge / Qualifications Undergraduate degree in finance, accounting or other quantitative discipline Minimum of 1-3 years of experience in financial analysis / accounting, operational management, or project / portfolio management Proficient in Microsoft Excel, PowerPoint and Business Intelligence (BI) tools Driven, highly organized and detail-oriented with excellent multi-tasking and follow-through ability Strong interpersonal, verbal and written communication skills Ability to demonstrate good judgement; shares information proactively and escalates potential issues timely / appropriately Solutions and innovation minded with strong analytical and problem-solving skills, including process re-engineering, the ability to organize and analyze large datasets and report results to audiences at varying levels of seniority

Responsibilities Understanding clients' needs and expectations, their business and industry, accounting and control systems, employees, company values and industry-related IFRS or GAAP and GAAS issues Developing and demonstrating an understanding of the RSM audit approach, methodology and tools Performing audit procedures and tests in accordance with the RSM audit methodology based overall audit plan, ensuring proper documentation of work performed. Identifying areas of risk and accounting and auditing issues; discuss with engagement teams to solve issues that arise. Researching technical accounting issues Developing industry expertise Preparing audit reports, and management letters Exercising professional skepticism, judgment and adhere to the code of ethics while on engagements Ensuring that documentation is compliant with quality standards of the firm Working collaboratively as a part of the team and communicate effectively with RSM audit professionals Provide supervision and development training for associates Taking ownership of assigned tasks and deliverables to ensure service excellence through prompt responses to internal and external clients Providingtimely, high quality client service that meets or exceeds client expectations including coordinating the development and execution of the audit work plan and client deliverables Ensuring professional development through ongoing education Participating in a range of projects and open to collaborate and work with multiple teams; demonstrating critical thinking, problem solving, initiative and timely completion of work. Required Qualifications Bachelors in Commerce/MBA Qualified Chartered Accountant / ACCA / CPA 2-4 years of relevant experience working in an accounting and audit related field Strong technical skills in accounting including IFRS or GAAP and GAAS Strong multi-tasking and project management skills Excellent verbal and written communication (English) as the position requires frequent communications with RSM International clients and the United States based engagement teams Preferred Qualifications Experience in Real Estate industry preferred Strong Data Analytical skills including advanced Excel skills (Vlookups, pivot tables, and basic formulas), Word and PowerPoint

Responsibilities Audit associates provide timely, high quality client service with large and small companies in a variety of industries. They will develop strong working relationships while working closely with teams to understand clients' businesses and challenges. Associates serve our clients by: Developing an understanding clients' needs and expectations, their business and industry, accounting and control systems, employees, company values and industry-related GAAP and GAAS issues Developing and demonstrating an understanding of the RSM US audit approach, methodology and tools Performing audit procedures and tests in accordance with RSM audit methodology based overall audit plan, ensuring proper documentation of work performed. Identifying accounting and auditing issues; discussing with audit in-charge to solve issues that arise. Assisting engagement team in preparation of audit reports, and management letters Exercising professional skepticism, judgment and adhere to the code of ethics while on engagements Ensuring that documentation is compliant with quality standards of the firm Working collaboratively as a part of the team and communicate effectively with RSM audit professionals, supervisors, and senior management in the U.S. on a daily basis Taking ownership of assigned tasks and deliverables to ensure service excellence through prompt responses to internal and external clients Providing timely, high quality client service that meets or exceeds client expectations including coordinating the development and execution of the audit work plan and client deliverables Understanding RSM US and RSM Delivery Center's line of business service offerings and work as a team in providing an integrated service delivery Ensuring professional development through ongoing education Participating in a range of projects and open to collaborate and work with multiple teams; demonstrating critical thinking, problem solving, initiative and timely completion of work. Required Qualifications Bachelors in Commerce/MBA Qualified Chartered Accountant / ACCA / CPA 6 months 1 year of relevant experience Strong multi-tasking and project management skills Excellent verbal and written communication (English) as the position requires frequent communications with RSM International clients Preferred Qualifications Experience in Insurance industry preferred Strong Data Analytical skills including advanced Excel skills (Vlookups, pivot tables, and basic formulas), Word and PowerPoint Qualified CA Freshers' with Articleship Qualified ACCA/CPA Fresher ACCA/CPA Pursuing (half-way through the qualification)

Role Description The Audit Analyst/Auditor will be initially working with the various teams supporting the coverage of Indian and other APAC legal entities and processes. After the initial training and development phase, the Audit Analyst/Auditor will eventually join one of the global audit teams on a permanent basis. Timing of the permanent assignment will vary depending on personal development, experience and opportunities available. During the initial assignment, the Audit Analyst/Auditor will be exposed various audit processes covering key divisional and infrastructure units. In addition, the Audit Analyst/Auditor will also support ad hoc RBI requests where appropriate. In addition to conducting audit work across these functions, the team also works closely with other audit teams (e.g. Technology) to provide integrated coverage and assurance. The Audit Analyst/Auditor works on supervised audit activities and undertakes audit work of a specific business/function area in accordance with the audit methodology and evaluates the adequacy and effectiveness of internal controls. The Audit Analyst/Auditor works in a cooperative manner with subject matter experts and other teams from across the function to provide front-to-back audit coverage. The Audit Analyst/Auditor will use a range of approaches to collect relevant and readily available information to assess risk, resolve issues or carry out tasks. Your key responsibilities Auditor: Auditors work independently on audits and/or on tasks delegated to them within the scope for audits for a specific business/functional area/region and may sometimes work on multiple audits at the same time. Auditors evaluate the adequacy and effectiveness of internal controls relating to the risks within those business areas, working under moderate supervision, e.g. in complex situations. Auditors proactively develop and maintain professional consultative working relationships within their own function and with stakeholders inside the bank and respective support areas. They will use a range of approaches to collect relevant information to assess key risks, resolve issues or carry out tasks. Auditors work in a co-operative manner with subject matter experts and other teams from across the function and outside the function to provide front-to-back audit coverage. Auditors may occasionally participate in ad-hoc projects. Audit Analyst: The Audit Analyst supports on audits of a specific business/functional area/region, with specific guidance. They predominantly support the audit team on analytical aspects of audit work throughout the entire audit lifecycle. The Audit Analyst will focus on the fieldwork phase of an audit and building a working knowledge of the audit methodology. Assists on audit assignments and undertakes work in accordance with the Audit methodology within agreed budgets and timelines, including documenting Activity Flows, identification of key risks, testing of key controls to evaluate the adequacy and effectiveness and documenting work in accordance with divisional standards. Proactively keeps abreast of pertinent industry, regulatory and business practices. Proactively develops and maintains professional consultative working relationships, primarily within the audit team. Takes ownership for own development and career management, seeking opportunities for continuous development of knowledge and personal capability and improved performance contribution and acts as a role model within their own team. Your skills and experience The candidate must have: Bachelor Degree (or equivalent) from an accredited college or university (or equivalent); including some knowledge of auditing standards and concepts. Awareness of general banking environment and/or awareness of the risks and regulatory requirements. Fluent in English, communicating with clarity, both verbally and in writing, in a logical order and structured approach. Dedication on self-development and building technical knowledge. Advanced knowledge of Microsoft Excel, Word and Power Point. Critical thinker with understanding of emerging technologies (Cloud, AI, Python etc.) Good analytical, problem solving, relationship management and presentation skills. Ability to work in virtual, global teams in a matrix organisation. Self-starter with the ability to multi-task assignments, prioritize workload and be resilient under pressure when faced with tight deadlines and in a fast-paced business environment The ability to challenge and be challenged whilst maintaining the highest levels of professionalism. Unquestionable personal integrity and ethics.