Head - Audit - Retail Bank

Title - Head of Branch Banking Audit

Education - Qualified CA / MBA with 10+ years of post-qualification experience in audits, risk and controls.

Skills :

- Have deep knowledge of the banking sector, its operations, procedures, and policies, best practices, tools, techniques and performance standards including the laws and regulations.

- Sound Understanding of Risk Control mechanism pertaining to various areas of Banking like Operations, Risk, Controls, Processes, etc.

- Experience of Handling Audit / Compliance teams in a reputed Bank / NBFC preferable.

- Proven track record of influencing individuals to drive results and

- Good communication and presentation skills.

- Fully Responsible for Audit of Branch Banking and other allied verticals in the bank.

Planning and Execution:

a) Calendar Planning and execution within TAT and allocation of Audits within the Team, including Snap Audits / Reviews.

b) To plan and execute carry out Snap Audits

c) Ensuring assignments are completed within budget by effectively organizing and applying resources

3. Process Review and Risk Mitigation

a) Review extant Audit procedures basis exceptions identified during Audit review and recommend revision to Audit Methodology / Scope of review (including revision of Standard Audit Procedures), including review the Audit Scoring and Rating Models.

b) Examine and evaluate the effectiveness and adequacy of the internal control systems, identify control gaps and recommend risk aversion and cost savings measures / processes (as and when warranted and identified during his/her course of Audit review).

c) To effectively identify new areas of risk and revenue leakage and suggest measures / processes to plug the same.

4. Management Interaction and Representation

a) Regularly interact with the Branch Banking Team at the HO including the Zonal Head and Branch Banking Head.

b) Discussion of Audit observations with Zonal Head / Branch Banking Head for Audit reports having serious /critical lapses, where process gaps expose the Bank to risk and reports which would require a downgrade of Audit rating

c) Resolving material issues with senior management, reporting audit results, and giving relevant recommendations

a) Visit branches / departments during / post Audit for review and finalization

b) Finalise representations to be made to Senior Management including preparation of notes for placing the same in the ACE / ACB / Board.

c) Follow up on the internal and external audit issues and regulatory inspections.

d) Providing assistance to statutory external auditors and ensuring that their requirements are reverted to efficiently and promptly

1. Team Management and Training

a) Review of Work done by Branch Auditors Team / Team Leaders

b) Monitoring of Tasks assigned and work done by the team

c) Manpower Planning and Recruitment - Responsible for Managing the Team assigned.

d) Team building / recruitment to ensure the team is staffed as per budget allocated (including conducting of interviews)

e) Plan and execute structured training modules at regular intervals for all Team members to help them develop the right skills to carry out the required audit coverage

f) Carry out Performance appraisal of the Auditors (jointly with the Team Leaders) / Team Leaders.

2. Knowledge and Development

a) Keep himself/herself updated on the Management directives/benchmarks assigned to Business/Operations unit from time to time

b) Updating self on various internal procedures, processes and new products introduced

c) Keep himself/herself updated on Regulatory guidelines in the area of Audit and disseminate the same to the team

d) Remain abreast of best practices, new developments, and current trends in the audit profession; and keep an eye on new technologies and their applications

3. Other Responsibilities

a) Carrying out special reviews / investigations assigned by the Corporate office

b) Carrying out of UATs / system enhancement/process reviews

Kindly revert if interested