Internal Audit - Central Functions Audit

Role & responsibilities

About the role -

Central Functions Audit division of the Internal Audit Department is focused on execution of internal audit assignments of Support Functions from planning to reporting and achievement of Internal Audit Plan as per defined timelines.

Responsibilities

• Independently execute Central (Support) Functions audits
• Ensure completion of assigned audits and documentation of work papers on time Compliances tracking of issues reported
• Assist in keeping Audit Procedure Manual and checklists current and updated
• Devise audit checklists for use of Internal/Concurrent Auditors and test products alonwith processes/procedures to foresee pitfall and bottlenecks and ensure these are audited/resolved
• Provide improvement/ suggestions to existing process / systems to line management
• Provide oversight to the Concurrent Audit process
• Ensure oversight of concurrent audit function (submission of reports on time, quality review, regular updation of checklists, etc.)
• Interaction with key business or external stakeholders for regulatory compliances, capital market requirement, dealer control, investment and acquisition, accounting and settlement and etc.
• Demonstrate in-depth knowledge of business risks, processes, and internal controls of the organization
• Ensure quality and consistency of the deliverables
• Co-ordinate with outsourced internal audit firms to accomplish audit deliverables
• Developing automated tests for continuous control monitoring
• Expected to be fully conversant with recent changes in regulations and assessing its impact on the audits undertaken

Preferred candidate profile

• Chartered Accountant
• In-depth understanding of Banking Industry, Capital Markets and experience in Internal Audit of Banks or with Big 4 will be preferred
• Proficiency in MS Excel as well as data analytics
• Knowledge of and skills in applying internal audit practices