Head - Internal Audit - BFSI

Roles & Responsibilities:-

- Organizes, directs, and controls the Internal Audit and their works.

- Develops & Implements risk based audit framework as well as enterprise risk management.

- Prepares strategic audit plans.

- Reviews existing as well as new projects, services and procedures to ensure compliance with regulatory authority.

- Suggests policy and procedure changes or review as appropriate.

- Reviews and evaluates corrective measures for satisfaction of audit findings as well as monitors adequacy of corrective procedures.

- Plans and supervises auditing programs.

- Develops risk-rating system for departments.

- Prepares comprehensive audit checklists.

- Good in depth knowledge of various kinds of risk, such as Business, Regulatory, Financial, Environmental, Geographical, etc.

- Supervise Branch visits by team to verify the quality, quantity and inventory of pledged gold and cash.

- Check authenticity of transactions and adherence to systems and procedures by scrutinizing the transactions put through the relevant inspection period including handling ornaments.

- To verify the records and registers and ascertain lapses/discrepancy in maintenance of such records.

- To verify that all statutory requirements are fulfilled at branch and all necessary certificates, licenses and notices are put in place.

- To verify whether there is any lapses in security and safety of the branch and assets.

- To verify that all the staff members are strictly following the code and conduct rules and their behavior and attitude are in line with company values and guidelines.

- To verify the earlier inspection report and its compliance/closure.

- Continuous market awareness, the concerned risk factors to be studied in detail and alerted in order to avert possible losses.

- To report any discrepancies without favor, not leaving out even seemingly minor irregularities as they may lead to serious irregularity in future.

- Ensures final reports are issued with all recommendations agreed and accepted by the audited individual/group.

- Performs and carries out duties as directed by the direct manager.