Posted By
Posted in
Banking & Finance
Job Code
1437098
POSITION NAME
Senior Manager - Internal Audit & Operational Risk
DESIGNATION : Senior Manager
DEPARTMENT : Process Assurance and Risk Management (PARM)
SUB DEPARTMENT : Internal Audit & Operational Risk
REPORTING POSITION : L6, Assistant Vice President
OBJECTIVE OF THE ROLE
- The role will be responsible for conducting risk based audits and process design & control evaluation to facilitate oversight of the Risk Environment for the business and provide management with assurance that necessary controls are in place to mitigate risks.
KEY RESPONSIBILITIES :
Internal Audit :
- Conducting thematic audits as per the defined audit plan covering financial, compliance, reputational and operational impact areas
- Defining scope for audits allotted & ensure approach of audit is properly laid down and logistics appropriately planned
- Conducting detailed process and system walkthrough and field work to identify critical gap areas
- Use of data analytics & audit tool for driving completeness checks
- Timely discussion of audit queries with the auditee departments and preparation of audit reports
- To ensure all audit observations are mapped to process design or control execution improvements needed and tracked till end closure
- Co-ordination with co-sourced internal auditors and business teams to facilitate timely conduct and closure of reports
- Preparation and presentation of audit reports to Tier-I and Audit Committee
- Review of scheme and incentive payments to ensure correct payouts
- Review of various IRDAI/ statutory returns before filing
Operational Risk :
- Working closely and collectively with functional units to support management in ensuring key risks are identified, assessed, reported and managed;
- Coordinating and executing various risk initiatives such as Risk & Control Self Assessments (RCSA), Incident Reporting & Operational Loss reporting;
- Develop and continuously monitor Risk awareness across the organization;
- To report to the Risk Management Committee on regular basis on Risk Management Activities of the company;
- Managing IFC framework review for the company in coordination with the IFC auditor
- Review of product setup in the core system and various peripherals
- Detailed review of all existing policies/processes, to provide inputs for improvement from a risk & efficiency point of view
- Preparation of swim-lane flow charts & RACI matrix towards process simplification and define process ownership
- Review of scheme and incentive payments to ensure correct payouts
- Review of various IRDAI/ statutory returns before filing
INTERACTIONS
Internal Relations:
- Interacting with multiple internal stakeholders in the Company
External Relations:
- Co-sourced auditors and vendors
REQUIRED QUALIFICATION AND SKILLS
Educational Qualifications: CA
Work Experience: 0 - 3 years
Certifications: : Risk related certifications would be preferred
Other skill set:
- Excellent T-SQL, VB and advanced Excel skills to manipulate data, write macro's, etc.
- Ability to relate to business processes, system set-ups and carry out independent gap assessment
- Strong Analytical and problem solving aptitude
- Excellent communication skills - both verbal and written;
- Strong Interpersonal Skills required to connect with people
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Posted By
Posted in
Banking & Finance
Job Code
1437098
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