Internal Audit:Head - Bharat Banking Audit (Channel Audit)

Internal Audit: Head - Bharat Banking Audit (Channel Audit)

INTERNAL USAGE:
No. of Vacancies: Reports to: Head Bharat Banking
Is a Team leaderN Team Size: Grade: VP/SVPBusiness: Department: IAD Sub-Department: Location:

About Internal Audit

Internal 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.

About the Role

Bharat Banking Audit Team conducts internal audits of Agri products and processes, physical visits of AAOs and vendors, verification of appraisal notes and loan documents of borrower. The Auditor will have to share and discuss audit findings with Audited units and ensure Audit report release through Audit Software within stipulated timelines

Key Responsibilities

Ensure commencement / completion of audit assignments based on risk based internal audit norms, adhering to audit schedules and audit standards
Ensure quality of audit reports with depth, coverage and correctness / consistency of data furnished with emphasis on Policies, internal guidelines, processes, practices/ people, revenue assurance, risk coverage (Credit, Operational, Financial, Compliance, Reputation and Fraud Risk)
Conduct theme reviews, Process and Special audits with qualitative suggestions / recommendations for improvement of processes & mitigating risks
Ensure effective usage of offsite reports with special focus on data mining & analysis to facilitate identification of risks in the audits
Responsible for the preparation of quality synopsis and notes to be put up to various audit committees and senior management with appropriate recommendations and remedial action initiated
Focus on innovatively driving the audit process
Qualifications

Optimal qualification for success on the job is:
Qualified CA with 12+ years of experience, additional professional qualification such as MBA/CAIIB/CIA will be preferred

Role Proficiencies:

For successful execution of the job, a candidate should possess the-
Good communication (both verbal & written) and inter-personal skills
Team Handling and leadership skills
Strong Excel and database manipulation skills, financial and statistical analysis skills) Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment Ability to prioritize and make decisions in a fast-paced environment Ability to manage multiple tasks/projects and deadlines simultaneously