Commercial and Investment Banking professional

Unlock your potential as an experienced audit professional with our Commercial and Investment Banking Audit team.

Job Summary

As a Commercial and Investment Banking Compliance Audit Associate within the Commercial and Investment Banking Compliance Audit team, you will be based in Mumbai and play a crucial role in overseeing compliance activities related to Commercial and Investment Banking. Your responsibilities will include ensuring adherence to various United States and international rules and regulations, as well as other corporate functions such as control management, marketing and communications, and legal and regulatory activities. You will achieve this by evaluating the adequacy and effectiveness of the control environment across different regions through a risk-based audit coverage program, which is managed and executed by a team of business and technology audit specialists. Your involvement will include participating in audit engagements, performing and documenting audit testing, and collaborating closely with global Audit colleagues and business stakeholders.

This role will require you to exercise your judgment to enhance internal controls and will provide you with the opportunity to gain a comprehensive understanding of key Commercial and Investment Banking central functions and controls, along with the related regulatory landscape.

Job Responsibilities

• Participate in all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, issue drafting, and follow up and verification of issue closure, in close partnership with and support of senior auditors and /or audit managers, and ensuring audit assignments are completed timely and within allocated budget
• Work closely with CIB Compliance Audit colleagues in the early identification of emerging control issues and reporting them timely to Audit management and business stakeholders while adhering to audit standards
• Develop recommendations to strengthen internal controls and improve operational efficiency
• Take ownership of self-development, including stretch assignments, to prepare for greater responsibilities and career growth, and take initiative to seek out opportunity for continued learning
• Build and maintain strong working relationships with stakeholders, business management, other control groups while maintaining independence
• Stay up-to-date with evolving industry / regulatory changes and market events impacting the business and demonstrate technical competency.

Required qualifications, capabilities and skills

• Minimum 5 years of internal or external auditing experience, or relevant business experience
• Minimum Bachelors degree (or relevant ficial services experience)
• Ability to operate as an effective auditor, with a solid understanding of internal controls and the ability to evaluate and determine the adequacy of controls for a given set of risks
• Experience with internal audit methodology and applying concepts in audit delivery and execution
• Excellent written, verbal, and presentation skills; adept at presenting complex and sensitive issues to senior management
• Strong interpersonal and influencing skills, with the ability to establish credibility and build partnerships with senior business and control partners, while also influencing the actions of the business to improve its control environment
• Strong analytical skills, particularly in regard to assessing the probability and impact of an internal control weakness
• Proven ability to multi-task and prioritize effectively, and drive efficiency with existing technical infrastructure through automation, while embracing the innovative opportunities offered by new technologies
• Enthusiastic, self-motivated, effective under pressure and willing to take personal risk and accountability
• Ability to work well individually, and in teams, share information, support colleagues and encourage participation.

Preferred qualifications, capabilities and skills

• Chartered Accountant or equivalent, Certified Internal Auditor, and/or Advanced Degree in Fice or Accounting
• Relevant working experience in Commercial and Investment Banking business