Lead Auditor - Banking Process & Product Audit

Job Role : Lead Auditor - Bharat Banking Process & Product Audit

Location: Mumbai

About the Role:

The role involves:

- Ensuring planning, commencement and completion of audit assignments within defined timelines.

- Monitoring of audit assignments in order to assess the adequacy of audit coverage, execution and mitigation of risk identified during the audit.

- Ongoing engagement with key internal stakeholders to drive mitigation of risks identified during audit.

Key Responsibilities:

- Planning the audit, developing clear and concise risk/control matrices and audit programs and reporting of audit findings

- Ensuring commencement / completion of audit assignment by team within time norms, adhering to given schedules, and ensuring adherence to laid down audit policy, procedures and standards.

- Objectively assess the adequacy of internal control systems, policies, and processes; identify gaps in the design of the internal control systems, policies and processes.

- Effectively recommend improvements to the policies, processes & operating practices by analyzing risk / gaps

- Review and assess the root cause and recommend remedial action plan to address the identified risk / gaps

- Contribute ideas for improvement by bringing in efficiency and smart approach to auditing

- Implementing and monitoring Off-site monitoring framework

- Demonstrate reasonable knowledge of the industry or sector and be aware of current risks / trends

- Effective engagement with the key stakeholder and independently managing the process of submission of information / reports / notes to the various internal stakeholders (Department Heads)

Qualifications

Education / Qualification:

- CA/MBA (Finance)

- Experience in audits of Farmer Funding, MSME Lending, Micro Finance, Gold Loans etc.

- Experience in handling Tranche III testing, RAR/RMP compliance, RBI supervisory inspections

Role Proficiencies:

- Demonstrate proficient understanding of lending products targeted on RUSU markets

- Coordinating and supporting the Banks compliance team during RBI audits and other external audits.

- Good project management skills while working with both internal and external stake holders

- Good communication (both verbal & written) and inter-personal skills

- Effective team management and ongoing review of work performed by team members

- Ability to leverage latest technology and strong financial and statistical analysis skills

- Ability to work effectively across functions and demonstrated ability to coach and mentor others

- Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment

- Ability to prioritize and make decisions in a fast-paced environment

- Ability to manage multiple tasks/projects and deadlines simultaneously