Consultant - Audit - BFSI - CA

Job Role & Responsibilities:

1. Conducting statutory audits of financial institutions, primarily banks, in compliance with relevant regulatory requirements and accounting standards.

2. Reviewing and analyzing financial statements, including balance sheets, income statements, and cash flow statements, to ensure accuracy and compliance.

3. Assessing internal controls and risk management processes to identify weaknesses and make recommendations for improvements.

4. Assessing the effectiveness of internal controls and compliance with regulatory guidelines, such as Basel III.

5. Performing substantive audit procedures to verify the completeness, accuracy, and validity of financial transactions and disclosures.

6. Communicating audit findings and recommendations to management and stakeholders, including preparing comprehensive audit reports.

7. Collaborating with cross-functional teams, including finance, risk management, and compliance, to address audit issues and implement corrective actions.

8. Staying abreast of regulatory changes, accounting pronouncements, and industry developments affecting the banking sector.

Functional Skills:

1. Strong knowledge of auditing standards, financial reporting requirements, and regulatory guidelines applicable to the banking industry.

2. Proficiency in auditing techniques and tools, including data analytics software and audit management systems.

3. Excellent analytical skills with the ability to interpret complex financial data and identify areas of risk and opportunity.

4. Effective communication skills, both written and verbal, to articulate audit findings and recommendations to diverse audiences.

5. Detail-oriented with an elevated level of accuracy and integrity in performing audit procedures and documenting workpapers.

6. Ability to work independently and collaboratively in a fast-paced environment, managing multiple priorities and deadlines effectively.

Additional Requirements:

1. Familiarity with banking operations, products, and services, including lending, deposits, treasury management, and regulatory reporting.

2. Knowledge of accounting principles and standards specific to financial instruments, including fair value measurement, loan impairment, and hedge accounting.

3. Experience with auditing complex financial instruments, such as derivatives, securitizations, and structured products, is advantageous.

4. Willingness to travel to client sites as necessary and work extended hours during peak audit periods, including year-end and regulatory examinations.

5. Candidate from Mid-Size CA firm is preferred.