Job Title: Chartered Accountant- Bank Audit Associate
Location: Pune
Experience: 0-2 years
Qualification: Chartered Accountant (CA)
Role Summary:
We are looking for a qualified CA with 0-2 years of experience in auditing Banks. The role involves executing end-to-end audit procedures, including testing of advances, investments, deposits, revenue recognition, and treasury operations, while ensuring compliance with RBI guidelines, Ind AS, and prudential norms.
Key Responsibilities
1. Planning & Risk Assessment
- Assist in developing audit plans, conducting risk assessments, and selecting advance/loan samples as per defined criteria.
- Evaluate internal controls and compliance with bank policies and regulatory requirements.
- Perform tests of controls to assess their effectiveness in mitigating risks.
- Coordinate with auditees for audit requirements and ensure timely follow-up.
2. Branch Audits
- Visit selected branches and conduct Credit Audit, Branch Operations Audit, and review of branch statements.
- Examine credit policies for adequacy, updates, and regulatory compliance.
- Verify selected loan files as per the audit checklist, including loan applications, approvals, collateral documentation, and customer financial information.
3. Head Office Department Audits
- Conduct audits of various Head Office departments as per the defined scope.
- Perform financial audits, including financial statement review and transaction testing.
4. Reporting
- Document audit findings, including non-compliance, control weaknesses, and potential risks.
- Discuss findings and recommendations with bank management and obtain feedback.
- Prepare comprehensive audit reports and submit them to the Manager and Partner for review.
5. Documentation
- Ensure all audit procedures, evidence, and conclusions are properly documented.
- Maintain clear, concise, accurate, and timely documentation that enables an experienced auditor to understand the work performed and conclusions reached.
- Use the firm's standardized templates and formats for consistency and ease of review.
- Ensure secure storage and restricted access to audit documentation.
- Archive audit records to protect them from unauthorized access, alteration, or destruction.
Qualifications/Required Skill Set:
- CA with 0-2 years of relevant audit experience
- Proficient in MS Office; good documentation and communication skills
Experience:
- Should have done articleship from a audit CA firm having atleast 3-4 partners.
- Strong understanding of RBI regulations, Ind AS, and banking processes
- Prior experience in a CA firm or audit of financial institutions preferred
