Requisition No: 00003023
Experience: 5 -7 years
Location: Mumbai
Essential Skills: Rural Banking,Internal control
Desired Skills: Process Management
Required Skills
- Candidate should have experience in Internal Control Rural Banking.
- Comprehensive understanding of different lines of businesses in the bank
- MBA / Chartered Accountant by qualification.
- Strong inter personal skills and leadership skills
Role Description:
- Designing the control framework within the bank keeping in mind the regulatory and group norms and guidelines
- Study and review business process and process manuals for all business units of the bank, identifying key processes
- Ensure process controls (covering finance and accounts, business processes, compliance, IT etc.) in line with leading industry practices are established by business.
- Prepare risk and controls assessments (RCAs) for individual businesses
- Testing control design and operating effectiveness of key controls and key risk indicators, at least on an annual basis
- Identify and prioritize "Risks that Matter
- Report risk incidents and perform Root Cause Analysis (RCA) for all risk events / near misses, document and share the findings with stakeholders
- Develop a conformance testing framework to verify critical controls to ensure ongoing oversight
- Analysis of loss data, review of errors, exposures, risks, to identify gaps in existing controls and mitigate them in consultation with the business
- Review launch of new products and processes from risk assessment and controls perspective
- Provide project risk governance oversight to internal stake holders from controls perspective
- Ensure businesses are prepared for audit
- Coordinate with Internal & External Auditors to demonstrate compliance as per defined regulatory and control standards
- Ensure clear delegation of authority and segregation of duties
- Train employees on their role in the overall internal controls process and on leading practices for managing emerging risks in areas such as IT, fraud, contract compliance etc.
Qualification: CA/MBA from premier institute
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