AVP - Internal Audit - BFSI

Purpose of the Role:

- To provide independent and objective assurance on the management of risk throughout the organization using a robust audit framework.

- To evaluate the adequacy and effectiveness of management implemented controls with the objective of presenting to the Audit Committee (AC) and the management with analyses, appraisals and recommendations concerning the entities audited.

Key Responsibilities:

- Audit assignments completed versus planned

- Focus on oversight of Branch Audits

- Identify & provide directions/ guidance to Branch Audit Team

- Review, validate and close audit findings with respective stakeholders

- Track, monitor and validate audit recommendations

- Departmental costs versus budget

- Potential savings for organization identified through audits Feedback from Board and Audit Committee

- Coverage of key risks

- Completion of audit as per schedule

- Customer complaints versus commendations

- Proportion of recommendations accepted

- Process improvements implemented as a result of audits

- Audit process improvement initiatives

- Projects undertaken to drive process improvements