Overview
Audit – WSB/SME/ Treasury
Location: Mumbai (Andheri)
Job Description:
1. Perform detailed audit and evaluation of internal controls for Wholesale Banking, Trade Finance, Treasury and Risk Management areas and comment on compliance.
2. Consult in various initiatives of Risk / Compliance / Business Teams.
Responsibilities:
1. Audit Planning and Execution:
– Develop and manage the audit plan for WSB, SME, Treasury, aligning with departmental objectives and risk assessments.
– Assign and oversee the execution of audits, ensuring adherence to internal audit standards and methodologies.
– Review and provide constructive feedback on audit working papers, ensuring accuracy, completeness, and adherence to professional standards.
– Monitor and track the implementation of audit recommendations, ensuring timely and effective corrective actions.
– Identify and manage risks associated with audits, preparation of audit plan including resource capacity such as workload adjustments or upskilling initiatives.
2. Credit Risk Management and Market Risk:
– Evaluate the organization’s credit risk and market risk management framework.
3. Loan underwriting and Credit Administration:
– Assess the effectiveness of credit administration processes.
4. RBS Tranche testing for Credit, Treasury and Trade Finance.
5. Audit execution:
– Carry out and oversee spot audit of dealing room in adherence to ICG guidelines, NPI/NPA review, review of treasury expenses, vendor expenses, GL account review.
– Perform and oversee management audits of the respective verticals planned for the year.
6. Performance evaluation and self-development:
– Stay updated on relevant regulations, industry best practices, and internal audit standards.
– Evaluate the performance of team members so as to assist them improve their performance.
Qualifications:
– CA / MBA / CMA with at least 10 to 15 years of Internal Audit experience.