Internal Audit:Auditor-Thematic Audit

Internal Audit: Auditor-Thematic Audit

INTERNAL USAGE:

No. of Vacancies:
Reports to:
Head � Branch Audit & Snap Audit

Is a Team leader?
Y
Team Size:
4


Grade:
DM - SM

Business:
Department: �
Sub Department:

Location:

About Internal Audit

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.

About the Role


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.


Key Responsibilities

�

� 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.


Qualifications

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


Role Proficiencies

� 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