Internal Audit Executive - Loans

Job Requirements

Job Title – Lead- Internal Audit

Place of work - Mumbai

Business Unit - Retail Banking

Function – Internal Audit

Job Purpose :

The role bearer has the responsibility to actively lead internal audits for the bank as assigned. It entails taking complete ownership of the process - creating checklists, conducting audits as per the defined timelines, publishing the audit reports and preparing for presentations to be conducted quarterly. The role bearer has to adhere by the guidelines set by the bank for audit reports - making the audit process more efficient contributing to the larger objectives of the bank.

Roles & Responsibilities :

Prepare and administer bank's annual audit plan

Monitor the audit cycle programme to ensure it remains effective and up to date

Manage the detailed planning, risk assessment, scoping, and resourcing of complex audit projects

Lead preliminary planning and establishes direction for audits, provides support to assigned auditors, manage project to quality outcomes, meet established time budget

Ensure execution of audit plan as per agreed timelines, draft audit reports, discuss and finalize the same with the auditee

Review the working papers prepared by subordinates and take complete ownership of it

Identify critical areas for continuous monitoring and develop necessary exception reports for the same

Lead in developing operational expertise in core areas and leverage in internal audits

Develop key metrics, trends, and strategic analysis of areas of responsibility and presents audit trends and results to senior management

Prepare audit committee presentations for audits held during each quarter and making sure that all critical issues are included along with adequate plan of action

Conduct follow-up audits to make sure that regulations and bank rules are still being met and best practices are being followed

Conduct special audits as required by senior management and issue results

Provide guidance and trainings to Project team members in the field of Internal Audit

Capture and share best- practice knowledge amongst the team

Create an environment that promotes collaborative learning and collective ownership of responsibilities

List the deliverables other than primary, but essential for the role

Leverage in-house synergies through collaboration with internal stakeholders

Stay abreast with global market trends and competitor strategies in key markets

Managerial & Leadership Responsibilities :

Attract and retain best-in-class talent for key roles in their reporting structure

Educational Qualifications :

Graduate - Any

Post Graduate - MBA Finance

Professional Degree- CA

Experience :

Minimum of 2+Years in Internal Audit