VP - Internal Audit - Capital Markets - Investment Bank

About the Company: Global Investment Bank

Role: Internal Auditor

Location: Mumbai

Designation: Vice President (VP)

About the team:

The Internal Audit team performs risk based audits of every function within the firm globally. The Audit plan is formulated at the beginning of the year based on a risk assessment of each business and corporate line and executed in the respective regions and entities.

The India Internal Audit team is a part of the Global Internal Audit team and participates jointly in several regional and/ or global audits through the year. Its remit includes auditing of functions within India businesse and the global offshoring centre. India Internal Audit is responsible for leading Sarbanes-Oxley assessments and certification procedures for EMEA and for providing support to all the other regions.

The India Audit team comprises of 19 Audit professionals with strong experience in Banking and Financial Services Audits and related areas. By qualification, the professionals are CAs, Engineers and MBAs. The Audit function looks to continuously enhance and improve its audit methodologies, introducing new techniques and innovations like data analytics, guest review programmes, root cause analyes of issues, etc. The India Audit team is at the forefont of several such initiatives.

Role & Responsibilities in brief:

1. Conducting internal audits with key focus on validation of audit issues of business processes within various Divisions such as Finance, Operations, Global Markets, Risk Management, etc with limited or no guidance, including working with management and timely escalation of exceptions to issue coordinators.

2. Assisting Internal Audit in risk assessments and monitoring performance and developments on a continual basis, and to provide inputs into formulation of the Audit plan

Skill Sets required:

1. Have a strong ability to understand and audit various business processes, identify risks and mitigating controls in the process

2. Have the ability to assess if issue remediation work performed by Management is satisfactory

3. Well versed with general audit practices and standards

4. Have a reasonable understanding of Investment Banking processes

5. Have capabilities in documenting processes, and drafting issues and remediation plans

6. Reasonable understanding of related topics like Information Security, BCP, IT Risk, and Compliance