Senior Auditor - Control & Support Functions - Finance Specialisation

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.