Associate - Global Transactions Audit - Global Transactions Services

Job Title : Associate - Global Transactions Audit

Location : Mumbai

Experience Required : 6+ Years

Position Overview :

- We are seeking an experienced Associate for Global Transactions Audit to join our team at a leading bank in Mumbai.

- The successful candidate will be responsible for conducting comprehensive audits of Global Transactions Services, including Trade, Cash & Securities, and Fiduciary Services.

- This role requires a solid understanding of risk management, product knowledge, and process evaluation to ensure the effectiveness of controls and compliance with regulatory standards.

Key Responsibilities:

Conduct Comprehensive Audits:

- Perform end-to-end audits of Global Transactions Services, encompassing Trade, Cash & Securities, and Fiduciary Services.

- Assess and evaluate risks, products, and processes to ensure robust auditing practices.

Evaluate Processes and Controls:

- Analyze the design and operating effectiveness of internal processes and controls.

- Develop and implement appropriate testing procedures to determine the adequacy and effectiveness of controls.

Execute Audit Fieldwork:

- Carry out effective audit fieldwork for assigned areas, including in-depth testing and data analytics as required.

- Ensure thorough examination and assessment of relevant data to identify control weaknesses and process inefficiencies.

Issue Escalation and Reporting:

- Escalate audit issues in a timely and appropriate manner.

- Prepare and present clear, concise audit findings and reports to relevant stakeholders on a timely basis.

Stay Updated with Developments:

- Continuously monitor and stay informed about developments in regulatory standards, industry trends, and product innovations.

- Integrate new knowledge into auditing practices to enhance effectiveness and compliance.

Qualifications:

- Experience: Minimum of 6 years of experience in audit, with a focus on Global Transactions Services, including Trade, Cash & Securities, and Fiduciary Services.

- Skills: Strong analytical skills, attention to detail, and proficiency in data analytics.

- Knowledge: Solid understanding of risk management, internal controls, and regulatory requirements in the banking sector.

- Education: Relevant degree in Finance, Accounting, or a related field.

- Professional certifications such as CPA (Certified Public Accountant) or CIA (Certified Internal Auditor) are advantageous.