Associate Director/Chief Manager - Internal Control/Internal Audit - Bank

We have the following positions in Internal Control/Internal Audit for a large Bank in Mumbai

1. Associate Director II - Internal Control (Treasury, Trade, FX) - Mumbai location

2. Associate Director/Chief Manager - Internal Control (Liabilities) - Mumbai location

3. Chief Manager - Internal Control (Rural Banking) - Any Location

JD :

- Partner in 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

Dheeraj
CEO
STEPS