Statutory Audit Associate

Job Role & Responsibilities:

- Reviewing and analyzing financial statements, including balance sheets, income statements, and cash flow statements, to ensure accuracy and compliance.

- Assessing internal controls and risk management processes to identify weaknesses and make recommendations for improvements.

- Assessing the effectiveness of internal controls and compliance with regulatory guidelines, such as Basel III.

- Performing substantive audit procedures to verify the completeness, accuracy, and validity of financial transactions and disclosures.

- Communicating audit findings and recommendations to management and stakeholders, including preparing comprehensive audit reports.

- Collaborating with cross-functional teams, including finance, risk management, and compliance, to address audit issues and implement corrective actions.

- Staying abreast of regulatory changes, accounting pronouncements, and industry developments affecting the banking sector.

Functional Skills:

- Proficiency in auditing techniques and tools, including data analytics software and audit management systems.

- Excellent analytical skills with the ability to interpret complex financial data and identify areas of risk and opportunity.

- Effective communication skills, both written and verbal, to articulate audit findings and recommendations to diverse audiences.

- Detail-oriented with an elevated level of accuracy and integrity in performing audit procedures and documenting workpapers.

- Ability to work independently and collaboratively in a fast-paced environment, managing multiple priorities and deadlines effectively.

Additional Requirements:

- Knowledge of accounting principles and standards specific to financial instruments, including fair value measurement, loan impairment, and hedge accounting.

- Experience with auditing complex financial instruments, such as derivatives, securitizations, and structured products, is advantageous.

- Willingness to travel to client sites as necessary and work extended hours during peak audit periods, including year-end and regulatory examinations.

- Candidate from Mid-Size CA firm is preferred