Internal Audit Role - Bank

Location: Mumbai

Experience: 3-5 Years

Qualification: B.Com / CA / MBA

About the Role

We are seeking a detail-oriented and proactive Internal Auditor with strong knowledge of domestic banking operations. The ideal candidate should have hands-on experience in conducting risk-based audits, evaluating internal controls, and ensuring compliance with SOX and IFC requirements within the banking sector.

Key Responsibilities

- Plan, execute, and report on internal audits across domestic banking operations (retail, corporate, treasury, credit, operations, etc.).

- Evaluate the adequacy and effectiveness of Internal Financial Controls (IFC) and ensure compliance with SOX requirements.

- Perform risk assessments, identify control gaps, and recommend process improvements to strengthen governance.

- Review regulatory compliance in line with RBI guidelines and internal bank policies.

- Conduct walkthroughs and testing of controls across key processes (lending, deposits, financial reporting, IT general controls).

- Prepare audit documentation, working papers, and reports in line with professional standards.

- Partner with business units to provide insights and ensure timely closure of audit observations.

- Assist in automating audit processes and adopting technology-based testing where possible.

Key Skills & Competencies

- Strong understanding of domestic banking processes and RBI compliance.

- Knowledge of SOX compliance, IFC framework, and internal control testing methodologies.

- Strong analytical, problem-solving, and report-writing skills.

- Proficiency in MS Excel/PowerPoint; exposure to audit tools (e.g., ACL, IDEA, TeamMate) is an added advantage.

- Excellent communication skills to interact with stakeholders at multiple levels.