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. 

 

Qualification

No Qualification Added

Additional Information

No Data

Skills

• General Banking Audit Control and Support functions
• FINANCE AUDIT
• FINANCIAL AUDIT
• FINANCE AUDITING
• FINANCIAL AUDITING
• FINANCE MANAGEMENT
• FINANCIAL CONTROL
• FINANCIAL REPORTING
• FINANCIAL ACCOUNTING AND REPORTING
• CORPORATE AUDIT
• SUPPORT FUNCTIONS
• CENTRAL AUDITS
• INTERNAL AUDIT
• statutory audit
• Finance Audit