AVP - Corporate Functions Audit - Bank

Job Title : AVP - Corporate Functions Audit

Location : Mumbai

Experience Required : 9+ Years

Position Overview:

- Skillventory is seeking a highly experienced AVP for Corporate Functions Audit to join a leading bank in Mumbai.

- This senior role involves executing comprehensive audits within the Corporate Banking division, specifically focusing on Trade Finance, Credit Processes, Remittances (including digital payments), and KYC/AML risk areas.

- The ideal candidate will bring extensive audit experience, a deep understanding of corporate banking functions, and strong capabilities in managing and documenting audit work.

Key Responsibilities:

Audit Planning and Execution:

- Conduct audit planning and fieldwork for the Corporate Bank (CB) business/function area, adhering to established audit methodologies.

- Perform walkthroughs, provide feedback on scope areas, document activity flows, identify key risks, and test key controls to ensure they are effectively designed and operating.

- Ensure all audit work is documented in accordance with the bank's standards.

Integrated Audit Approach:

- Collaborate with other audit teams (business, infrastructure, and country) to adopt an integrated approach in assessing internal controls over compliance and financial crime risks.

- Facilitate a cohesive audit process by partnering with various teams to evaluate controls from a front-to-back perspective.

Drafting Audit Findings:

- Develop high-quality audit findings and draft reports for review by the Audit Leads, Team Lead, and Country Head of Audit.

- Ensure findings are clear, actionable, and supported by thorough documentation and evidence.

Risk and Control Assessment:

- Assess risks related to Trade Finance, Credit Processes, Remittances, and KYC/AML areas.

- Evaluate the effectiveness of controls in mitigating identified risks and ensure adherence to regulatory requirements and internal policies.

Continuous Improvement:

- Identify opportunities for enhancing audit processes and methodologies.

- Stay updated on industry trends, regulatory changes, and best practices to continually improve audit practices and outcomes.

Qualifications :

- Experience : Minimum of 9 years in audit, with significant experience in Corporate Banking functions such as Trade Finance, Credit Processes, Remittances, and KYC/AML.

- Skills : Strong analytical and problem-solving skills, excellent attention to detail, and the ability to produce high-quality audit documentation.

- Knowledge : In-depth knowledge of corporate banking operations, risk management, internal controls, and regulatory requirements.

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

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