Internal Audit:Branch Audit Remediation

No. of VacanciesReports to-----Is a Team leaderNTeam SizeGradeManager - AVPBusinessCorporate CentreDepartmentInternal AuditSub-DepartmentBranch AuditsLocationFlexibleAbout Internal AuditInternal Audit function of the Bank, operates independently under the supervision of the Audit Committee of the Board and is responsible for providing an independent view to the Board of Directors and Senior Management on the quality and efficacy of the internal controls, risk management systems, governance systems and processes in place on an on-going basis. This is provided to primarily ensure that the business and support functions are in compliance with both internal and regulatory guidelines.AbouttheRoleThe Branch Auditor is responsible for ensuring that the risk based Audit of the Branch is conducted and providing qualitive assessment of the Branches. The Branch Auditor reports to the Head Regional audit Offices. The Branch Auditor Thus finds the root cause of any issue and highlights the same with all the stakeholders. -----------------------------Key ResponsibilitiesConducting risk based Internal Audit of branches / currency chests / Thematic ReviewsDevelopment of Technical capabilities & Analytical skills through training ~ Additional certification courses such as CISA, Data Science, AI/ML/RPA to be considered for updation of technical and Analytical skills setsAudit Initiatives: 1. Commencement / completion of any additional audit initiatives within the defined time norms. 2. Audit initiatives output delivered as per the planned input-output metricesAdherence to ISO processes: 1. Maintenance of information relating to audits and ensuring submission of periodic reports within timelines, supporting internal auditors with audit details such as inputs on frauds, pending irregularities, etc. 2. Quality of quarterly notes placed to Audit Committee of the Board / performance Review of CA firms / Quality of closures / Timely performance Review of CA firmsTimely closure of Audit reports & individual audit issuesCompliance with Internal guidelines, regulatory guidelines, RAR findings, etc. ~ Ensure adherence to the regulatory requirements / internal guidelines with regards to Internal Audit ~ Timely Submission of data/ information for onward reporting to Regulators, Audit Committee, Senior Management, etc.Ensure adherence to the Regulatory guidelines, Internal guidelines, new products / processes / policies, RBS data points, etc. during Internal Audit process ~ Quality of Audit Report - Drafting of Observations and Recommendations, No. of issues identified during RBI Review / external assessment etc. ~ Frauds/ Show Cause notices/ Penalties / regulatory reports indicating a process gap not identified during the audit ~ Timely completion of Audit and quality of Compliance ClosuresQualificationsMBA/CA/ICWA5 10 years experience in branch operations; 3-5 years as Branch Head / Operation HeadRole ProficienciesFor successful execution of the job, a candidate should possess the following:Effective Knowledge of Banking OperationsStrong Excel and database manipulation skills, financial and statistical analysis skills)Ability to work effectively across functions and demonstrated ability to coach and mentor othersAbility to prioritize and make decisions in a fast-paced environmentAbility to work under flexible hoursShould be able to travel for completing Assignments.Ability to work as a part of team and contribute towards team goalsAbility to manage multiple tasks/projects and deadlines simultaneously