Bean HR Consulting
Website:
beanhr.com
Job details:
Chief Manager – Internal Audit
Location: Gurugram
Experience: 10+ Years
Industry Preference: Banking Industry Candidates Only
Purpose of the Role
The Chief Manager – Internal Audit will be responsible for preparing and executing the Internal Audit Plan in line with the Bank’s audit strategy, regulatory requirements, and risk management framework. The role involves leading audits across business and support functions, assessing operational effectiveness, strengthening internal controls, ensuring regulatory compliance, and driving process improvements across the organization.
The incumbent will play a critical role in identifying risks, recommending mitigation strategies, and supporting senior management and the Audit Committee in maintaining a robust governance and control environment.
Key Responsibilities
Audit Planning & Execution
- Lead the development and implementation of Annual and Strategic Audit Plans aligned with regulatory and internal requirements.
- Conduct audits across all business units, operational functions, and support departments within the Bank.
- Execute financial, operational, process, regulatory, compliance, and system audits.
- Develop detailed audit scope, process walkthroughs, Risk Control Matrices (RCM), and audit checklists for comprehensive coverage.
- Ensure timely completion of audits, issuance of draft reports, and closure discussions with auditees.
Risk Assessment & Compliance
- Evaluate adequacy and effectiveness of internal controls, governance practices, and risk management frameworks.
- Identify control gaps, operational risks, compliance issues, and revenue leakages.
- Recommend corrective actions, process improvements, and risk mitigation strategies to business and leadership teams.
- Ensure adherence to RBI guidelines, regulatory requirements, internal policies, and audit standards.
Reporting & Stakeholder Management
- Review audit reports prepared by team members and external audit partners to ensure quality and regulatory compliance.
- Prepare and present audit findings, management action plans, and periodic audit updates to Senior Management and the Audit Committee.
- Prepare Action Taken Reports (ATR) and track closure of audit observations.
- Escalate significant non-compliance and control issues to leadership and Audit Committee where required.
Process Improvement & Governance
- Participate in Product Approval Committee (PAC) meetings related to new products, process enhancements, and operational improvements.
- Drive continuous monitoring initiatives and develop exception reports for ongoing risk tracking.
- Strengthen the internal audit framework through automation, technology enablement, and best-in-class audit practices.
- Work closely with Compliance, Risk, Operations, and Fraud Control teams to enhance the overall control environment.
Team Management & Capability Building
- Mentor and guide audit team members to improve audit quality and domain expertise.
- Monitor the performance of concurrent auditors and external audit partners and provide periodic feedback.
- Promote high standards of integrity, confidentiality, ethics, and accountability within the audit function.
Key Skills & Competencies
- Strong knowledge of Banking Operations, Internal Audit, Risk Management, and Regulatory Compliance
- Sound understanding of RBI regulations and banking control frameworks
- Strong analytical, problem-solving, and risk assessment capabilities
- Excellent audit documentation and reporting skills
- Leadership and stakeholder management abilities
- Strong project management and influencing skills
- Ability to identify process gaps and recommend practical control improvements
- High level of ownership, accountability, and execution focus
- Strong communication and interpersonal skills
Experience Required
- 10+ years of experience in Internal Audit, Risk, Compliance, or Banking Operations
- Mandatory experience in the Banking Industry only
- Prior experience in large or mid-sized Banks preferred
- Experience in handling regulatory audits, operational audits, and enterprise risk reviews preferred
Interested candidates can share their cv at sakshi@beanhr.com
Click on Apply to know more.