We are hiring for a MNC Bank. Role details are given below:

REQUIREMENTS:

Qualified CA / MBA Finance with minimum 5 years of experience into Internal audit department preferably managed audits for Trade Finance, Trade Remittances and Digital Remittances

# New Products, Exchange House Operations # New Products, Credit Cards and Debit Cards # New Products, Customer Contact Centre # Recently started, Treasury Operations, Portfolio Investment # New Products, Currency Import# New Products

BASIC RESPONSIBILITIES

PERFORMANCE MEASURES

Planning

- Contribute to preparation of overall strategy and plan for internal audit department and provide budget plan for own section..

- Prepare annual section audit programme to ensure adequate coverage of all areas.

- Effectiveness of divisional strategy

Assessment:

- Review and assess the application and effectiveness of the risk management procedures and risk assessment methodologies.

- Develop and implement appropriate risk assessment parameters and criteria to facilitate evaluation of portfolios / systems of internal control in line with the Reserve Bank of India's Guidance Note on Risk-based Internal Audit

- Effectiveness of coverage

Monitoring

- Conduct review of Management & Financial Information system

- Review and monitor progress of audits being carried out to ensure timeliness, quality and adherence to policies, procedures and statutory requirements.

- Review portfolios/system quality and risk management of relevant exposures of the Bank to assess and evaluate performance

- Timeliness and accuracy of reporting

Audit Review

- Organize pre and post-audit meetings to discuss scope of audits and areas of concern.

- Conduct special audits and if applicable risk asset review for investigation of problem areas or for certain specific reasons.

- Identify risk areas during audit review process and make practical recommendations to reduce or eliminate risks.

- Conduct Internal audits as per the approved Audit Plan of the Bank and monitor the compliance with the laid down management policies and prescribed procedures.

- Quality of recommendations - feedback from the Board/ Audit Committee

Compliance:

- Co Ordinate and conduct Compliance audits with respect to laws and regulations including regulatory reporting.

- Monitor action on own as well as external auditors and regulatory authorities recommendations to ensure effective implementation.

- Monitor post-audit follow up of the audit reports and ensure compliance with recommendations.

- Review of the Concurrent Audit coverage and audit findings as per the report and timely issue of draft and final reports.

- Timely Compliance of audit recommendations by the departments

- Effectiveness of coverage

Special Investigations:

- Conduct special investigations and confidential assignments like due diligence research as required.

- Audit effectiveness and degree of acceptance of findings

Governance:

- Preparation of Agenda Papers for Audit Forum

- Preparation of Audit Committee Agenda Papers and presentations

- Timely preparation and effectiveness of coverage

Team Supervision:

- Guide, motivate, train and direct team to perform effectively and work to their best potential.

- Quality and effectiveness of leadership

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