Head - Central Function Audit, Bank, Navi Mumbai

Job Description

ROLE PURPOSE & OBJECTIVE To assist Head Internal Audit & Vigilance in efficient management of Internal Audit activities in the Bank as per organizational needs. To assist in performance of annual risk assessment for development of audit universe and RBAP. To ensure completion of RBAP KEY DUTIES & RESPONSIBILITIES OF THE ROLE Business/ Financials To identify key risks to achieve business objectives including regulatory compliances To provide inputs for development of RBAP To ensure zero deviation in scope and timelines of RBI mandated audits To ensure timely completion of RBAP To review work papers of audits by team and ensure compliance to IADs processes/manuals To evaluate auditable data for completeness, integrity, accuracy and relevance by self and ensure the same by team Ensure to release draft audit reports and final audit reports on agreed timelines with functional heads To work with auditee in a consulting role to add value To ensure SMART action plans from management on audit report To inform or update Head Internal Audit & Vigilance of cases where management accepts risk. To assist Head Internal Audit & Vigilance on investigations. Customer (Both Internal & External) To ensure audit reports circulated or distributed meet the quality criteria i.e. accurate, objective, clear, concise, constructive, complete, and timely. To ensure that risks highlighted in the audit report are relevant. To coordinate with auditee for timely implementation of action plans. Promptly ensure to provide documentation of audit assignments upon requests by RBI or other regulator at the time of their AFI or information called for. To maintain documentation and audit trails demonstrating effective operation of issue tracking and closure mechanism and maintain relevant records. Internal Process To ensure complete documentation of work-papers by self and team in line with RBI requirements (as requested at the time of their AFI or otherwise) To maintain robust Internal MIS mechanism and submit information to management on prompt basis To ensure to adhere to IADs policy and manual in the conduct of audits, consulting reviews and maintain audit evidences thereof Ensure complete adherence to QAIP for central function audits To assist Head Internal Audit and Vigilance to carry ou t Internal QAIP testing . MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS EducationalQualifications Chartered Accountant Mandatory Certified Internal Auditor and ISA (ICAI) or CISA- Good to have Experience Minimum 15+ years of experience in Risk Based Internal Audit, Process Audits, IS Audits and integrated approach to audits of which 10+ years in developing and delivering on IADs strategy and team management. Functional Skills Manage the expectations of Stakeholders Issuance of Quality Audit Reports Risk Management skills, understanding of RCSA , KRI s etc. In-depth understanding of Governance Frameworks and Auditing Standards Keep abreast with regulatory changes and industry standards Behavioural Skills Strong Leadership Effective Communication skills Attention to detail with an analytical mind and problem-solving skills Ability to work under pressure in a fast-paced environment Ability to deal with all levels of Management, specifically CXO positions Ability to promote the values of Internal Audit