Internal Audit:Senior Auditor - Revenue & Cost Audit

Role description

Internal Audit:Senior Auditor - Revenue & Cost Audit

INTERNAL USAGE:
No. of Vacancies:      Reports to:   Is a Team leader?   No   Team Size:      Grade:   DM - AVPBusiness:   Corporate Centre   Department:     Internal Audit    Sub-Department:   Location:    Mumbai

About Department

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
The Revenue and Cost Audit Division tries to leverage the analytical functions to undertake revenue assurance assessments based on risks. The Revenue and Cost Auditor executes revenue and cost audits across revenue streams/ expenses in line with internal and regulatory guidelines.

Key Responsibilities

   Undertake revenue assurance assessments based on risks associated with the revenue cycle.
   Identify key processes and activities having significant revenue impact.   Execute revenue and cost audits across revenue streams/ expenses in line with internal and regulatory guidelines.   Provide recommendations for revenue recognition and opportunities   Assess the opportunities to be undertaken to identify cost optimization opportunities   Develop tests of transactions and evaluating audit findings   Prepare audit reports and synopsis   Prepare detailed spend analysis, quantified cost reduction opportunities and implementation roadmap for each identified opportunity

Qualifications

Optimal qualification for success on the job is:

•   Graduate/ CA/ MBA
•   2 – 12 Years experience in Banking or similar sector

Role Proficiencies:

For successful execution of the job, the candidate should possess the following:
•   Good communication (both verbal and written) and inter-personal 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