Role Overview:

We have a vacancy for an experienced Risk Auditor to join our Audit function in Mumbai at the Associate level. The successful candidate will report to the Risk Audit team in Mumbai and will be responsible for executing assigned testing in integrated global Risk Management audits and issue validation.

This position will be based in India but will be expected to work on global integrated and complex risk audit assignments, working closely with Risk Subject Matter Experts (SMEs) and IT auditors. The Risk auditors are primarily responsible for executing risk management audits in relation to the Wholesale division, covering processes relating to the Risk Management function and regulatory compliance.

Key Responsibilities:

Audit Execution: Under the supervision of a Regional Portfolio Director or Risk Type Leads, participate in global/regional Risk Management audits, working closely with specialist auditors in Model Risk, Market Risk, Credit Risk, Operational Risk, and Technology.

Risk Assessment: Conduct process walkthroughs, identify key risks and controls, perform Design and Operational Effectiveness tests, and document workpapers in line with internal audit methodology.

Issue Identification & Reporting: Identify emerging risks and control gaps, draft and promptly report audit findings to line management, and suggest practical and innovative solutions.

Data Analysis: Analyse data sets to identify trends, outliers, and deficiencies; utilize data analytics and automated testing to identify internal control weaknesses during reviews and continuous auditing.

Planning & Monitoring: Perform risk assessments of the Risk Management function to assist in developing the annual audit plan and remain current on changes to the risk profile through continuous monitoring.

Issue Validation: Follow up on audit recommendations, assess residual risk, validate remedial work performed, and close issues.

Skills and Experience Requirements:

Experience: Strong understanding of Risk Management and Internal Audit gained through a combination of education and work experience of at least six years at global financial institutions, public accounting firms, or consultancy firms.

Industry Knowledge: Good understanding of Risk Management and risk governance practices at leading financial institutions, as well as a working knowledge of various financing and derivative products. A good understanding of internal audit processes is beneficial.

Technical Knowledge: Understanding of risk management processes, applications, and related global regulations, especially CRD IV / BASEL 3 and BCBS 239 (Risk Data Aggregation and Reporting).

Soft Skills: Excellent communication skills to interact with various levels and across multiple regions. Ability to act independently in a fast-paced environment with a strong sense of ownership and commitment to delivery.

Documentation: Strong capabilities in documenting processes, drafting issues, and creating remediation plans.

Data Skills: Hands-on experience with data is preferred. Specifically, experience with data analytical/mining tools and languages (such as SQL Server, Python, R) and visualization technologies (such as QlikView/Qlik Sense or Tableau) is a distinct advantage.

Qualifications: Accounting or quantitative background, along with a relevant professional qualification (e.g., CA, CPA, CIA, FRM) is preferred.