Vice President - Control & Support Audit

Job Summary:

The Senior Auditor provides independent, objective assurance on the effectiveness of the banks Finance functions. The role involves testing end-to-end controls for accounting entries, general ledger management, and statutory reporting.

Key Responsibilities:

Audit Execution & Risk Assessment:

- Lead and execute comprehensive internal audits of Finance and Procurement functions from planning to reporting, in accordance with auditing and accounting standards.

- Audit Inter-branch and Inter-bank account reconciliations, identifying and reporting unreconciled long-outstanding entries that may pose financial risk.

- Evaluate the adequacy of the banks Risk Management Framework.

- Review the accuracy and timeliness of periodic returns submitted to the RBI, including CRR/SLR calculations.

- Conduct audits to ensure adherence to regulatory requirements (e.g., RBI Regulations, Tranche I, II and III).

- Scrutinize Suspense Accounts and transit accounts for long-outstanding items.

- Identify control gaps and emerging risks within the control functions, providing actionable recommendations to enhance control effectiveness.

Stakeholder Management & Advisory:

- Build and maintain strong relationships with senior management within the Business, Finance, IT, Risk and Compliance departments, acting as a trusted advisor.

- Review and report on the effectiveness of the Business Heads oversight.

Reporting & Follow-up:

- Prepare high-quality audit reports detailing findings, risks, and recommendations for the Audit Committee and Executive Management.

- Track and validate the remediation of audit findings by stakeholders to ensure timely closure.

Data Analytics & Process Improvement:

- Utilize data analytics tools (e.g., IDEA, ACL, Power BI) to perform continuous auditing and identify anomalous trends in risk management.

- Contribute to the continuous improvement of the Internal Audit methodology.