Overview
Job Role & Responsibilities:
– Conducting statutory audits in compliance with relevant regulatory requirements and accounting standards.
– Reviewing and analyzing financial statements, including balance sheets, income statements, and cash flow statements, to ensure accuracy and compliance.
– Assessing internal controls and risk management processes to identify weaknesses and make recommendations for improvements.
– Assessing the effectiveness of internal controls and compliance with regulatory guidelines, such as Basel III.
– Performing substantive audit procedures to verify the completeness, accuracy, and validity of financial transactions and disclosures.
– Communicating audit findings and recommendations to management and stakeholders, including preparing comprehensive audit reports.
– Collaborating with cross-functional teams, including finance, risk management, and compliance, to address audit issues and implement corrective actions.
– Staying abreast of regulatory changes, accounting pronouncements, and industry developments affecting the banking sector.
Functional Skills:
– Strong knowledge of auditing standards, financial reporting requirements, and regulatory guidelines applicable to the banking industry.
– Proficiency in auditing techniques and tools, including data analytics software and audit management systems.
– Excellent analytical skills with the ability to interpret complex financial data and identify areas of risk and opportunity.
– Effective communication skills, both written and verbal, to articulate audit findings and recommendations to diverse audiences.
– Detail-oriented with an elevated level of accuracy and integrity in performing audit procedures and documenting workpapers.
– Ability to work independently and collaboratively in a fast-paced environment, managing multiple priorities and deadlines effectively.
Additional Requirements:
– Familiarity with banking operations, products, and services, including lending, deposits, treasury management, and regulatory reporting.
– Knowledge of accounting principles and standards specific to financial instruments, including fair value measurement, loan impairment, and hedge accounting.
– Experience with auditing complex financial instruments, such as derivatives, securitizations, and structured products, is advantageous.
– Willingness to travel to client sites as necessary and work extended hours during peak audit periods, including year-end and regulatory examinations.
– Candidate from Mid-Size CA firm is preferred