Internal Audit- Business Audit-Analyst-Hyderabad

The team in Bengaluru specializes in the audits of market risk measurement and management, with coverage spanning across components including risk oversight and governance, risk identification and measurement, risk reporting and risk management activities including risk limits monitoring. Job Description Lead audit execution, including planning, scoping, and reporting of risk-based and regulatory required audits of business areas Perform risk assessments of related organization units and ongoing monitoring of covered areas by conducting discussions with senior management. Define audit scope, perform detailed walkthroughs to evaluate the adequacy of the control designs and develop test plans and perform testing to assess control operating effectiveness. Presenting the scope, progress, and results of the review to internal audit management, business stakeholders and assisting with negotiating finalization of issues with senior client management. Perform in depth audits of controls supporting market risk management, coordinating with team members across multiple jurisdiction Drive discussions with stakeholders on identified issues, identifying root causes, assessing appropriateness of remediation plans Maintain ongoing discussions with senior stakeholders to understand any changes to their organizations, business processes and products, as well as any significant internal and external events, in order to formulate a point of view of the control environment Develop annual audit coverage plan, including risk assess organization units, identifying high risk areas and fulfilling regulatory expectation and requirements Skills and Relevant Experience Master s degree in management or economics. A qualification in financial risk management including FRM certification is an advantage Effective audit mindset to be able to independently assesses the firm s internal control structure in the areas of market risk measurement and management Strong interpersonal, and relationship management skills Strong verbal and written communication skills Solid analytical and problem-solving skills Good technical knowledge of relevant product areas Highly motivated with the ability to multi-task and remain organized in a fast-paced, team-oriented environment Knowledge of capital adequacy related topics, including Basel Capital Accord regulatory requirements (advanced model-based and/or standardized frameworks) Preferred Experience: Technical awareness and understanding of market risk measurement, stress testing, limits setting and monitoring, risk reporting and risk governance Effective audit mindset to be able to independently assesses the firm s internal control structure in the areas of market risk measurement and management and its conformance with regulatory requirements 1-2 years of experience in market risk management function, market risk independent validation function, or internal audit role covering market risk the financial services industry or Big 4 risk advisory