General Head - Internal Audit - Banking

General Banking Head Office Audit

- Provide oversight to the Concurrent Audit process.

- Ensure submission of concurrent audit reports on time

- Ensure regular update of concurrent audit checklists

- Ensure appropriate review of concurrent audit issues

- Ensure follow-up & rectification of concurrent audit issues

- Ensure sufficient coverage of concurrent audit as required by the policy

- Independently conduct HO audits.

- Participate in audits of various Businesses with particular emphasis on Product / Operations audits.

- Assist in planning, designing and implementation of risk based audit plans to ensure safety and soundness of the Bank.

- Ensure completion of assigned audits and documentation of work papers on time.

- Track status of issues reported.

- Assist in keeping relevant processes benchmarked to Best Practices and peer banks.

- Assist in keeping Audit Procedure Manual and checklists current and updated.

- Devise audit checklists for use of internal/concurrent Auditors and test products along with processes/procedures to foresee pitfall and bottlenecks and ensure these are resolved.

- Provide improvement/ suggestions to existing process/systems to line management

- Peer Review of branch internal audit reports.

- Manage the team , coach and guide them in conducting branch audits.

Skills / Auditing, reviewing, subject matter expertise in the following activities :

1. Risk Based Supervision (RBS) submissions

2. Adherence to RBI guidelines and the Bank's Compliance policy

3. Penalties levied on the Bank

4. Tracking and dissemination of regulatory circulars

5. Compliance reviews

6. Query resolution

7. Tracking and follow-up of returns, RBI RBS requirements

8. Compliance training,

9. Business Continuity Plan (BCP)

10. Applications IDs and access management.

11. Process of structuring, generation and monitoring of the alerts

12. Process of generation, submission and structuring of regulatory returns

13. Negative list updation activity

14. Business Continuity Plan (BCP) and applications IDs and access management

15. Compliance with statutes (Companies Act and other regulations of SEBI, RBI, MCA etc)

16. Corporate actions

17. Documentation

18. Information security and conduct of the meetings

19. Review of the financial statements and the trial balance

20. Scrutiny of general ledgers

21. Accounting of fixed assets

22. Timeliness of regulatory payments

23. Expense payment processing

24. Strategic procurement

25. Business finance

26. Strategy and planning

27. Investor relations

28. Implementation of the Environment and Social Policy (ESP) and Environment Management Policy (EMP)

29. Other relevant processes within the Unit