ICICI Bank - Manager - Internal Control Over Financial Reporting Group - CA

Essential Services: Role & Location Fungibility

At ICICI Bank, we believe in serving our customers beyond our role definition, product boundaries, and domain limitations through our philosophy of customer 360-degree. In essence, this captures our belief in serving the entire banking needs of our customers as One Bank, One Team. To achieve this, employees at ICICI Bank are expected to be role and location-fungible with the understanding that Banking is an essential service. The role descriptions give you an overview of the responsibilities; it is only directional and guiding in nature.

About the Role :

Manager: Internal Control over Financial Reporting Group

As a Manager in ICOFR Group, the role would involve reviewing and assessing internal controls designed by Business and Operation Group, periodic review/testing of controls, walkthroughs, advisory to business, coordination of self assessment and IFC certification process across Bank and material subsidiaries.

Key Responsibilities :

- Review and evaluate the adequacy of controls designed and documented by first line and advise on improvement in control environment.

- Ability to perform oversight on self-assurance i.e performs quality checks on sample basis, on self-testing performed by various groups in the Bank.

- Conduct periodic walkthroughs and testing of critical processes and controls as per plan approved by Audit Committee to assess the design and operating effectiveness of internal controls over financial reporting.

- Ensure preparation of review reports, maintain supporting documentation and provide periodic updates to seniors on control effectiveness and key observations and ensure timely remediation and closure.

- Ensure timely self-assessment and IFC certification process with respective business groups, annual certification by the CFO and MD, based on certifications from Executive Directors for the Bank and its material subsidiaries.

- Ability to identify control deficiencies, document observations, and coordinate with relevant stakeholders.

- Assist Team Leads in ACM level reporting on control deficiencies and other quarter end activities.

Accountability :

The official would be accountable for ensuring adequacy of controls documented, assess the design and operating effectiveness and manage timely self-assessment and IFC certification process.

Key Qualifications & Skills :

- Education Qualification: CA with minimum 2 years of experience (preferably in audit)

- Understanding and functional knowledge of various Banking products and services

- Strong understanding of Internal controls, COSO framework, SOX, risk assessment, control testing and documentation (Risk control Matrix), accounting standards as per IGAAP and USGAAP & accounting concepts

- Awareness of regulations related to RBI, SEBI, IFSCA etc.

- Ability to analyse financial processes and identify control gaps impacting financial reporting

- Excellent analytical, documentation and problem-solving skills

- Effective communication skills (verbal & written) with the ability to present findings to senior stakeholders

- Ability to work independently and collaboratively. Engaging with various stakeholders to accomplish task/project

- Proficient in MS office, SAS application

About the Business Group :

The Compliance Group - Internal Control over Financial Reporting Group "Group" at ICICI Bank ensures robust internal controls, evaluate processes, test control effectiveness, identifies gaps and works with various stakeholders to strengthen governance of the Bank.