Internal Auditor

Purpose of the Job

To be responsible for the preparation of the audit plan (including annual and strategic plans) in line with the Audit strategy to optimize the audit coverage as per bank's internal as well as regulatory requirements. Also, audit scope will include system audits, financial audits, process and regulatory audits related to all Business segments as well as Support functions/platforms.

Deliverables

• Lead the development and implementation of the overall Audit Plan and conduct of audits of various verticals / functions of Bank to assess controls, operational and technical efficiencies and compliance with selected policies, procedures and regulations.
• Develop detailed scope, conduct process walkthroughs, devise risk control matrix, develop/update audit checklist ensuring comprehensive review of the business as well as support functions.
• Execute audit plan as per timelines, issuance of draft audit reports, conduct of discussions for finalisation of audit reports with auditees.
• Perform the review of audit reports complied by the team members/external partners to ensure adequate coverage and compliance with regulatory/legal provisions and internal policies.
• Should have the capability to make meaningful suggestions to the auditees and the technology teams.
• Monitor and review the performance of concurrent audit/external audit partners on ongoing basis and formalization of process to provide periodic feedback.
• Follow-up and testing of compliance to the audit reports
• Review of the existing process and suggest areas of improvement to enhance controls, reduce cost and minimize revenue/income leakages.
• Provide ongoing training/support to auditors to strengthen the internal audit framework.
• Participate in Product Approval Committee (PAC) meetings geared to product/procedure development / operational improvements.
• Prepare and present accurate internal audit reports for consideration of the Senior Management.
• Prepare Audit Committee presentations for quarterly progress on implementation of audit plan and ensure that all significant control issues are included therein alongwith the adequate management plan of action
• Preparation of action taken report for submission to the Audit Committee of Board.
• Identify critical areas of continuous monitoring and developing necessary exception reports for monitoring
• Promote the highest standards of ethics and standards across the organization based on the principles of integrity, objectivity, competence and confidentiality.
• Technologically enable the internal audit function to best in class standards