Internal Audit : Branch Audit Remediation

Internal Audit : Branch Audit Remediation

INTERNAL USAGE : No. of Vacancies :

Reports to :

Is a Team leader

Team Size : Grade :

Manager - AVP

Business : Corporate Centre

Department : Internal Audit

Sub - Department : Branch Audits

Location : Flexible

About Internal Audit

Internal Audit function of the Bank, operates independently under the supervision of the Audit Committee of the Board and is responsible for providing an independent view to the Board of Directors and Senior Management on the quality and efficacy of the internal controls, risk management systems, governance systems and processes in place on an on-going basis. This is provided to primarily ensure that the business and support functions are in compliance with both internal and regulatory guidelines.

About the Role

The Branch Auditor is responsible for ensuring that the risk based Audit of the Branch is conducted and providing qualitive assessment of the Branches. The Branch Auditor reports to the Head Regional audit Offices. The Branch Auditor Thus finds the root cause of any issue and highlights the same with all the stakeholders.

Key Responsibilities

Conducting risk based Internal Audit of branches / currency chests / Thematic Reviews

Development of Technical capabilities & Analytical skills through training Additional certification courses such as CISA, Data Science, AI / ML / RPA to be considered for updation of technical and Analytical skills sets

Audit Initiatives : 1. Commencement / completion of any additional audit initiatives within the defined time norms. 2. Audit initiatives output delivered as per the planned input-output metrices

Adherence to ISO processes : 1. Maintenance of information relating to audits and ensuring submission of periodic reports within timelines, supporting internal auditors with audit details such as inputs on frauds, pending irregularities, etc. 2. Quality of quarterly notes placed to Audit Committee of the Board / performance Review of CA firms / Quality of closures / Timely performance Review of CA firms

Timely closure of Audit reports & individual audit issues

Compliance with Internal guidelines, regulatory guidelines, RAR findings, etc. Ensure adherence to the regulatory requirements / internal guidelines with regards to Internal Audit Timely Submission of data / information for onward reporting to Regulators, Audit Committee, Senior Management, etc.

Ensure adherence to the Regulatory guidelines, Internal guidelines, new products / processes / policies, RBS data points, etc. during Internal Audit process Quality of Audit Report - Drafting of Observations and Recommendations, No. of issues identified during RBI Review / external assessment etc. Frauds / Show Cause notices / Penalties / regulatory reports indicating a process gap not identified during the audit Timely completion of Audit and quality of Compliance Closures

Qualifications

Optimal qualification for success on the job is :

MBA / CA / ICWA

5 10 years experience in branch operations 3-5 years as Branch Head / Operation Head

Role Proficiencies :

For successful execution of the job, a candidate should possess the following :

Effective Knowledge of Banking Operations

Good communication (both verbal & written) and inter-personal skills

Strong Excel and database manipulation skills, financial and statistical analysis skills)

Ability to work effectively across functions and demonstrated ability to coach and mentor others

Ability to prioritize and make decisions in a fast-paced environment

Ability to work under flexible hours

Should be able to travel for completing Assignments.

Ability to work as a part of team and contribute towards team goals

Ability to manage multiple tasks / projects and deadlines simultaneously

Skills Required

Excel, Data Science, Ml, Cisa, Statistical Analysis, Ai, Rpa