Sr Business Auditor - Internal Audit - CA

Job Description: Senior Business Auditor

Incumbent (must have):

- Adequate relevant audit experience in core banking processes,

- Experience on investment banking products or commercial banking products / processes other than finance processes

- Experience i.e. at least 5-8 years of auditing experience within a bank or a banking BPO specially in investment banking / global banking / corporate banking / trade finance etc.

Position:

Experience: 6-10 years

Reporting to SVP (Head Auditor - India)

Context and main duty:

- General Inspection and Internal audit teams are part of the Inspection and Audit division (DCPE).

- Audit main task is to assess the compliance of transactions, actual risk exposure, respect of procedures as well as the relevancy and efficiency of permanent control. This is managed thanks to an objective, rigorous and unbiased approach.

The Head of mission leads audit assignments covering the activities within the scope of the department he reports to. These assignments consist in:

- identifying and assessing the operational, counterpart and market risks

- verifying the correct respect of the internal rules and legal requirements and regulations

- assessing the security of the transactions and IT system

- assessing the quality of the risk portfolio and the counterpart risk management

- assessing the efficiency of the permanent control environment

- controlling the quality of accounting and financial information

- making recommendations and following their implementation.

Main responsibilities:

Under the authority of a Supervisor, the Head of mission leads the assignment and manages the team:

- he leads the preparation phase

- he coordinates the diagnosis (risk assessment, definition of work programs and methodologies, preparation of the time budget)

- he splits the works between the auditors and ensure deadlines are met

- he participates to the works

- he monitors the progress and the quality of the works of the auditors

- he organizes the day-to-day training of the junior auditors

- he is the main contact of the management of the audited entity

- he coordinates the preparation of the report

- he organizes the preparation and the presentation of the conclusions and recommendations to the management of the audited entity

- he evaluates the auditors placed under his responsibility

- he is responsible for following the implementation of the recommendations issued by the assignment

- he contributes to keeping the audit methodologies up-to-date.

Autonomy:

The Head of mission is responsible for the success of the assignment.

Within the frame of the objectives set by his Supervisor, he has the autonomy required to organize and lead the audit works. He advisedly requests the support of his Supervisor, particularly to handle the difficulties encountered and report alerts.

Internal and/or external contacts:

The Head of mission has frequent contacts within the Group with operational management and teams of the audited entities.

Eligibility Criteria (expected profiles):

- Qualifications: Chartered Accountants (CA) (good to have) with audit specialisation will be preferred. Candidates other than CA may be considered if they are otherwise "perfect fit" for the profile in terms of similar qualifications and relevant experience.

- Additional preferred qualifications include Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialists (CAMS), and Financial Risk Manager (FRM from GARP).

- Experience: Working within "Group Internal Audit" function of an international banking group or a large financial institution. (about 7-8 years for HOM and 3-4 years for auditor).

- Reasonable understanding of banking / financial products, processes, risks and internal controls, audit processes and BPO processes.

- Awareness on information technology risks is expected, with ability to conduct integrated IT audits with the help of an IT audit expert.

Key Deliverables:

- Carrying out risk assessments and preparing a Risk Based Audit Plan (annual exercise, with periodical updates).

- Achieving Audit Plan with quality standards (i.e. ensuring adequate audit coverage, adherence to audit procedures, quality of audit evidence / work papers, quality and timeliness of audit reports).

- Ensuring regulatory compliance as applicable to audit function, and reviewing regulatory compliance as applicable to audited entities during audit engagements.

- Working with management to follow up and facilitate timely closure of outstanding audit issues.

- Working with management to keep updated on the control environement and risk trends, updating audit plans and Audit Management on recent developments / issues.

- Working as a part of larger regional / global DCPE/AUD (Internal Audit) team (ability to communicate effectively with people from different backgrounds and cultures, willingness to travel).

- Pro-active contributions to improve audit methodologies and bring efficiencies in the process without compromising quality.

Key Soft Skills:

- Leadership, communication and negotiation skills.

- Quality (adherence to standards), timeliness and result-orientedness.

- Quick learners, pro-active and positive minds.

- Team players