Internal Audit:Auditor-Thematic Audit

The role of Auditor involves:

�         Monitoring risk trend movement based on various parameters identified for risk categorization and identification of triggers for outlining breaches in risk thresholds

�         Conducting trigger based thematic audits based on the above identification for the areas covering Central Offices, Business Functions, Retail Banking Operations, Transaction Banking Operations & Banks new products & processes.

�         Independently managing the process of submission of information / reports / notes to the various� stakeholders

�         Execution of thematic audits by adhering to given schedules and ensuring adherence to audit / ISO processes & ICAI standards

�         Review of Compliances of Audit reports submitted by Auditee units

�         Ensuring follow up for closure of reports and files within prescribed timelines.

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�         Review of Data Points under RBS Tranche I, Controls under RBS Tranche II & Regulatory Guidelines covered as part of RBS Tranche III and trend analysis of inherent & control risk movement and identification of hotspots

�         Ensure adherence to the Regulatory guidelines, Internal guidelines, new products / processes / policies, RBS data points, etc. during Internal Audit process

�         Conducting internal audits within stipulated time and submission of audit reports based on risk based audit norms.

�         Ensuring quality of audit report (depth & coverage) by focusing on root cause analysis and providing qualitative suggestions/recommendations for improvement of processes & mitigation of risk

�         Effective use of off-site audit reports (with special focus on data mining & analysis) for bringing out risks in the audit reports.

�         Conducting planned and unplanned audits and provide qualitative suggestions/recommendations for improvement of processes.

�         Updating skill sets and knowledge through continuous readings, attending trainings

�         Ensuring timely follow up on closure of audit findings; checking the closure in line with the risk and recommendation; processing the closure of audit issues / reports as per the policy

�         Timely submission of information relating to audits conducted to internal and external stakeholders. 

Optimal qualification for success on the job is:

�         CA/MBA (finance)

�         4-10 Years of Banking Domain Experience, with prior experience in Operational / Liquidity / Credit / Market Risk

�         Demonstrate proficient understanding of Operational Risk, Credit Risk, Market Risk, Liquidity Risk & Pillar II Risk covering areas like Central Office, Business Function, Retail Banking Operations & Transaction Banking Operations

�         Knowledge of Business Applications used in banking industry

�         Understanding of RBS Tranche I Data Points, Controls under RBS Tranche II and Regulations covered as part of RBS Tranche III

�         Understanding of statutory and regulatory requirements and policies

�         Working on the preparation of the Audit Calendar for the year basis the residual risk assessment and methodology defined in audit policy of the bank.

�         Conducting specific audits basis plan or trigger based requirements of the bank.

�         Drafting of detailed audit reports with assessment details, preparation of supporting workpapers, clearly documenting the observations noted with implications and recommending corrective actions to auditee

�         Coordinating and supporting the Bank�s compliance team during RBI Audits and other external audits.

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

Ability to work as a part of team and contribute towards team goals