Job opportunity in IB in Bangalore - Financial Crime Internal Audit

Job Description

Role Position Title: Auditor II Corporate Title: Associate Vice President Reporting to: Vice President Location: Bengaluru Job Profile Position details The Assistant Vice President role within the Global Financial Crimes Internal Audit function is responsible for executing independent, objective assurance and consulting activities designed to assess and evaluate the effectiveness of the Bank's governance, risk management and control processes. It reports to a Director. This role includes, but is not limited to, execution of end-to-end audit process of assigned Sanctions audits (e.g., planning, fieldwork testing, reporting, issues validation, etc.) and independently owning audit administration activities and project deliverables across the organization. Management or Supervision: No (IC Role) Roles and Responsibilities Assist in conducting and supporting global financial crimes internal audits, specifically sanctions audits, by evaluating the operating effectiveness of existing financial crimes compliance, as well as the design and implementation of relevant controls, such as escalation processes, documentation of policies and procedures, reporting, list screening, regulatory change management, governance framework, and training. Maintain compliance with audit methodology, while also operating within industry best practices, applicable regulations, and internal and external professional practice expectations. Act as a leader and role model and continuously improve self and department. Build relationships with peers and clients within organization and exhibit a high standard of performance and professional conduct that will create a culture of integrity and inclusion; where all individual and departmental choices are rooted in good judgment and support the Principal of Ethics and Conduct. Operate with an innovative and flexible mindset by continuously identifying ways to enhance consistency, efficiency, quality and/or value. Demonstrate professional skepticism and personal accountability. Properly validated remediated issues in accordance with Audit methodology Lead walk through meetings and interviews with business stakeholders to develop understanding of business processes. Lead formal discussions with business stakeholders throughout the duration of audit engagements to communicate status or concerns. Identify potential risks and controls and assist in developing scope and work programs. Evaluate design and operational effectiveness of internal controls and identify control weaknesses. Generate insightful, meaningful observations that effectively convey significance and impact on risk and/or risk management practices, reporting findings and audit issues to Audit Management. Prepare work papers and audit reports with documented results that adhere to methodology, applicable standards and regulatory requirements, using appropriate business and technical language. Document work papers demonstrating the work was appropriately performed (e.g., detailed lead sheets describing the control attributes that were tested and the results were documented in a manner to support the conclusions reached, effectiveness and sustainable controls are evident in documentation). Documentation should stand alone to enable re-performance. Identify control weaknesses and escalate and discuss findings with Audit Management and business stakeholders as appropriate. Complete work on a timely basis and deliver work products that meet objectives and standards of methodology, applicable standards and regulatory requirements.