Role Overview -
The Senior Auditor – Branch Banking is responsible for independently conducting comprehensive audits of bank branches to evaluate the effectiveness of internal controls, compliance with regulatory requirements, and adherence to bank policies. The role ensures operational efficiency, identifies risks or control gaps, and provides actionable recommendations to strengthen branch governance.
Key Responsibilities -
- Audit Planning & Execution
- Conduct risk-based audits of assigned branches.
- Develop detailed audit scope, checklists, and sampling plans.
- Review branch operations including cash management, account opening/KYC, loans, vault and ATM operations, security controls, etc.
- Perform surprise audits, cash verification, locker audits, and gold loan audits where applicable.
- Compliance & Regulatory Review
- Ensure branches comply with RBI guidelines, AML/KYC norms, internal policies, and statutory requirements.
- Identify regulatory breaches, operational lapses, and process deviations.
- Validate compliance with internal circulars, SOPs, and audit standards.
- Risk Assessment & Control Evaluation
- Assess adequacy of internal controls across critical functions—cash, clearing, customer service, security, digital transactions, and loan processing.
- Evaluate fraud risks and conduct targeted investigations when needed.
- Review branch financials, reconciliation statements, suspense accounts, and exception reports.
- Reporting & Documentation
- Prepare audit reports, highlighting observations, risk ratings, and recommendations.
- Present findings to branch managers and senior management.
- Ensure all working papers, evidence, and audit trails meet professional standards.
- Follow‑Up & Risk Mitigation
- Monitor closure of audit observations and corrective actions.
- Support branches in implementing controls and resolving open issues.
- Conduct thematic or special audits as assigned.
- Stakeholder Management
- Liaise with branch leadership, regional managers, compliance teams, and risk functions.
- Provide guidance to junior auditors during fieldwork.
Qualifications - Chartered Accountant/ MBA from a reputed institute/CS/ICWAChartered Accountant/ MBA from a reputed institute/CS/ICWA
Experience -
10-12 years of experience
