| Internal Audit:Head Corporate and Retail Credit Audit |
| INTERNAL USAGE: |
| No. of Vacancies: | | Reports to: | CAE |
| Is a Team leader | | Team Size: | |
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| Grade: | Senior Vice President- II |
| Business: | Corporate Centre | Department: | Internal Audit | Sub-Department: | |
| Location: | Corporate Office, Worli 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 are in compliance with both internal and regulatory guidelines |
| AbouttheRole |
The role involves: - Proactively management of Audits for credit, retail lending audits in tandem with the continuous strategic developments and undertake internal audit activities in accordance with the Bank's Policies, Procedures, Regulatory requirements, Internal Audit Standards and leading practices.
- Developing audit strategies and audit plans based on risk assessment and regulatory framework ensuring use of advanced auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives
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| Key Responsibilities |
- Develop strategies and plan for conducting audits of Credit Department covering Wholesale Banking, Retail Banking including rural lending etc. as per RBI guidelines and special projects in mitigating risks.
- Develop audit methodology and audit programs for conducting the Overseas audits covering key governance, risk management and control processes for areas relating to Corporate Banking, Retail Banking, Treasury, Risk Management, Compliance, Finance & Accounts, Human Resources, Administration, Outsourcing and other activities undertaken by the Offices
- Develop and implement strategies 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 business and support Units head 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.
- Contribute to advisory assignments relating to organizational activities, process development/ improvement
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| Qualifications |
Education / Qualification: 15-20 Years of Experience (Banking Domain preferred) - Experience in the field of Corporate and Retail credit audits
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| Role Proficiencies: |
- Ability to have effective communication with Senior Management, Executive Directors and Audit Committee
- Ability to provide insights to Senior Management based on deep understanding of the business, processes and industry trends for remediation of the risk and strengthening the control environment.
- Ability to have effective communication with the Regulator/ external stakeholders e.g. statutory auditors, etc.
- Technically proficient with strong analytical abilities, conversant with Risk Strategies and process, wholesale and retail banking products and the related processes and controls, network environment and various data analysis software tools.
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