AVP/DVP - Management Audit - Banking

Role Details:

- Identifying and assessing risks in various Management Audits covering centralized operations, retail assets, payments and reconciliations, Digital Products, Services and Platforms, AML-ATF evaluating operational risk, regulatory risk, credit risk, cyber risk resiliency. The incumbent is required to develop & execute of Audit plan in accordance with the Bank's Audit Policy to provide assurance that key risks (including emerging risks) pertaining to all areas of the Bank's operations, products, applications, channels, Digital Lending are managed effectively.

- The role will require strong fundamentals on the understanding of various risks like operations, credit, regulatory, reputational, fraud and information systems risks and a solid background of execution of Internal Audit preferably in Banks. Specialised hands on skills on Anti-Money Laundering and understanding of digital risk in modern financial world will be an added advantage.

- The role will require the candidate to be an individual contributor in addition to occasionally leading small teams on project basis. S/he should be able to work with minimal supervision and provide timely and trusted advice in matters relating to risk and controls. The role offers rare opportunity to partner across all business units to define innovative and automated audit approaches and be part of an end-to-end process to build a strong audit function within the bank.

The role provides opportunity for the right candidate to look for long term growth in the organization.

Overall Responsibilities include but not limited to:

1. Develop a thorough understanding about Bank's products, applications, channels especially in the digital space

2. Continuously self-update and stay abreast of industry regulations

3. Gain an in-depth understanding of the Bank's Internal Policies & Procedures

4. Adhere to the laid down audit processes and carry out assignments in line with Internal Audit Charter & Policy

5. Ensure adequate coverage of the control testings designed at engagement level and provide periodic updates

6. Research, understand and display a passion to learn about automation into banking and allied risk and control processes

7. Creation/Updation of Risk and control matrix, Permanent file, Audit checklist for the units

8. Ability to provide technical inputs resulting in value addition in the overall audit programs

9. Ability to handle multiple assignments, perform, support or lead where directed, the planning, fieldwork, and reporting of internal audit engagements to deliver agreed assurance objectives to established standards and deliver within strict timelines

10. Arrange meetings and conduct meaningful discussions with business units and identify areas requiring risk mitigation

11. Drafting of observations and audit report and maintenance of working papers as per Departments policy

12. Promote collaboration and strong culture across business units to address risk and control issues

13. Act as liaison with Management to ensure full understanding of business strategy, plans, products, performance and risk-related issues at business unit level and communicating these to the relevant Audit Team members

14. Actively track and escalate, where appropriate, significant issues and audit findings that remain unresolved

15. Compulsorily attend all audit related on the job trainings and display an ability to apply those

16. Follow up for Audit compliance and validation testing as directed

17. People Management skills and the ability to lead small project teams

18. Gain a minimum Continuous Professional Education (CPE) hours as directed by the Head - Digital and General Banking Audit

Education and Work Experience Requirements:

Education: Graduate/Post Graduate in Commerce/Accountancy and preferably a CA, MBA, CFA, CFE.

Good to have: Additional qualifications/certifications like CIA, CRISC, CISA, ACAMS, FRM.

Work Experience: 8+ years. Candidates having experience in Internal Audit, risk management in Financial Sectors or business processes in Fintech Industry will have preference.

Any specific requirements:

1. Proficient Knowledge of MS-Office Product Suite (Excel, word, Power-point, Power BI)

2. Any programming knowledge or App developing knowledge would be an additional bonus

3. Effective written, verbal and presentation skills

4. Good understanding of General Banking Operations, Processes & Procedures

5. Has a passion for AI, Machine Learning

6. Hard working & adaptable to challenging environment