Job Purpose:

This position is primarily responsible for controlling and coordinating audit/ review/ special assignments/investigation engagement as well as to ensure that the engagement is carried out within guidelines/requirements of the Internal Audit Framework.

Principal Accountabilities:

• Monitor/review overall audit/review/investigation/ special assignment of audit and preparation of audit reports within budgeted timelines provided by Region Head.
• Review / validate “Risk Assessment Data of Branches” and preparation of “Risk Assessment and Planning” sheet of auditable entities.
• Discuss audit observations with audit and obtain management comments on these observations. Escalate critical issues that warrant immediate action with Management through Region Head / GM.
• Perform audit area assigned by Region Head carrying significant Risk.
• Review work of subordinates to assure that audit work has been properly documented; working papers include adequate audit evidence and work has been performed as per audit program.
• Consolidation of exceptions according to their significance and Recommend Audit Rating for the auditable entity to Region Head. Facilitate review by interview and coaching process and continually assess work being performed for greater efficiencies and effectiveness.
• Prepare a draft report/report for review, by the Region Head (Audit).
• Ensure that working paper file is adequately prepared for archiving.
• Prepare a draft report/report for review, by the Region Head (Audit).
• Continually assess work being performed for greater efficiencies and effectiveness.
• Analyze issues identified during engagements/ assignments, establish root cause with full reasons behind breakdowns in controls and suggest appropriate solutions.
• Ensure compliance of bank’s approved policies, guidelines, manuals, procedures etc. and government laws and regulations, IIA standards etc. to make audit activity effective.
• Brief team members on their particular areas to provide effective coaching throughout the assignment to ensure the work is appropriate.
• Sign-off working papers in the ‘Working Paper File’ to evidence preparation/review of fieldwork.
• Periodic or Surprise Inspection of stock held with the bank as security as prescribed by Group Head Audit & RAR or given in audit master data or given in bank’s approved policies, guidelines, manuals and procedures etc.
• Be alert for new developments and assess their significance/implication as to audit procedures. Initiate new ideas and discuss with senior members/counterparts for their implementation/escalation for decision.
• Suggest changes required in Audit Master Data to Regional Head (Audit).

Knowledge & Skills Required:

Understanding/knowledge of the requirements as to various laws & regulations, policies, procedures, practices and their assessment for adoption by auditee through Audit Procedures and be aware of the market and industry trends. Good analytical skills.

Eligibility:

• ACCA / ACMA / CA Finalist; OR
• Masters with DAIBP / CIA / CISA / CA Inter / ACMA Finalist with minimum experience of two years; OR
• CA Articles / B.Com / Graduate with DAIBP with minimum experience of five years; OR
• Post Graduate with 3 years of experience (Professional qualification such as DAIBP or technical qualification like CISA/CIA/CFE etc. are desirable); OR
• Graduate with 5 years of relevant audit experience.

Behavioral Competencies:

Interpersonal & communication skills; managerial skills; positive influencing skills; Team Player; presentation skills.