Internal Audit:Auditor - Subsidiary Governance Audit

Internal Audit:Head- Subsidiary Audit Governance

INTERNAL USAGE:

No. of Vacancies:

1

Reports to:

Senior Vice President I/II

Is a Team leader

Yes

Team Size:

3

Grade:

Senior Vice President I

Business:

Corporate Centre

Department:

Internal Audit

Sub-Department:

Location:

Corporate Office, Mumbai

About Department

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 follow both internal and regulatory guidelines.

AbouttheRole

The role involves:

.Ensuring oversight on the audits for subsidiaries and associates of the Bank including the Subsidiary Governance and Oversight process at the Bank.

.Identify key risk areas, plan and conduct focused Subsidiaries audits and support function audits. Ensure planning, commencement, and completion of audit assignments within defined timelines.

.To identify and conduct focused Snap audits based on triggers relating to external events, serious irregularities, frauds, customer complaints, High risk indicators, etc.

.Establish reporting frameworks such as a risks and controls dashboard, analysis and reporting to Senior Management.

.Liaise with the group companies to identify key strategic and operational areas.

.Review the assessment of adequacy of internal control systems, policies, and processes and review the recommendations, whether are in line with the risk identified and conclusive enough to address the issue.

.Provide creative and proactive resolution of control issues relating to significant areas of risk in a manner consistent with corporate goals, strategies, values and leading practices.

Key Responsibilities

.Oversight on the functioning of the audit in group companies by way of periodic meetings, policy/charter review, achievement of audit plan, coverage of key risks in respective business, regulatory compliances, etc.

.Periodic discussion with Subsidiaries Audit team on business developments, changes in processes impacting risk, regulatory inspections/compliances, fraud/loss/penalty events, changes and amendments.

.Review of adequacy of audit universe, scope and sampling methodology

.Conducting review of Books of Account of Subsidiaries and benchmark exercise of subsidiaries to the industry practices.

.Update on audit findings of various audits (Internal Audit, Concurrent Audit, Statutory Audit and Regulatory Audit) and tracking of overdue issues

.Coordination with Subsidiary governance team for Adhoc requirements.

.Tracking and monitoring the actions emanating from periodic discussions and presenting same through dashboards.

Qualifications

Education / Qualification:

.CA/MBA (Finance)

12-15 Years of experience in below areas preferred (atleast 2-3 areas).

.Experience in audit of Finance function / other support functions in a Bank and NBFC, Broking Business, Merchant banking, Institutional broking, Investment banking business, Mutual Fund Business, Pension Fund Management Business and Insurance.

Role Proficiencies:

.Demonstrate proficient understanding of Subsidiary & Support Functions

.Coordinating and supporting the Bank's Compliance team during RBI Audits and other external audits.

.Good project management skills while working with both internal and external stake holders.

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

.Effective team management and ongoing review of work performed by team members.

.Strong Excel skills, financial and statistical analysis skills.

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

.Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment.

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

.Ability to manage multiple tasks/projects and deadlines simultaneously

AboutAxis

Incorporated in 1994, Axis Bank is one of India's most trusted banks & the third largest in the private sector. At Axis Bank, customer centricity has always been the foundation of our business. Our efforts to address the requirements of a diverse customer cross-section are powered by robust infrastructure, advanced technology, a comprehensive monitoring & control framework & a large talent pool.

We are an equal opportunity employer & believe in empowering our employees by offering rich roles, learning opportunities & flexibility to chart their career, their way.