Job Description: Senior auditor – Control and Support Functions
Position Type: Full-Time
Department: Internal Audit
Location: Mumbai
Job Summary
The Senior Auditor provides independent, objective assurance on the effectiveness of the bank's Finance functions. The role involves testing end-to-end controls for accounting entries, general ledger management, and statutory reporting.
Key Responsibilities
1. Audit Execution & Risk Assessment
- Lead and execute comprehensive internal audits of Finance and Procurement functions from planning to reporting, in accordance with auditing and accounting standards.
- Audit Inter-branch and Inter-bank account reconciliations, identifying and reporting unreconciled long-outstanding entries that may pose financial risk
- Evaluate the adequacy of the bank's Risk Management Framework.
- Review the accuracy and timeliness of periodic returns submitted to the RBI, including CRR/SLR calculations
- Conduct audits to ensure adherence to regulatory requirements (e.g., RBI Regulations, Tranche I, II and II).
- Scrutinize Suspense Accounts and transit accounts for long-outstanding items,
- Identify control gaps and emerging risks within the control functions, providing actionable recommendations to enhance control effectiveness.
2. Stakeholder Management & Advisory
- Build and maintain strong relationships with senior management within the Business, Finance, IT, Risk and Compliance departments, acting as a trusted advisor.
- Review and report on the effectiveness of the Business Heads oversight.
3. Reporting & Follow-up
- Prepare high-quality audit reports detailing findings, risks, and recommendations for the Audit Committee and Executive Management.
- Track and validate the remediation of audit findings by stakeholders to ensure timely closure
4. Data Analytics & Process Improvement
- Utilize data analytics tools (e.g., IDEA, ACL, Power BI) to perform continuous auditing and identify anomalous trends in risk management.
- Contribute to the continuous improvement of the Internal Audit methodology.
Qualifications
- Education: CA
- Experience: 10+ years of experience in internal audit within the banking industry.
- Knowledge: Deep understanding of banking regulations and accounting standards.
- Skills: Exceptional analytical, communication, and report-writing skills.
