Analyst Internal Audit Chennai Controls Assurance

Job requisition ID :: 79056 Date: Mar 19, 2025 Location: Chennai Designation: Analyst Entity: Key Responsibilities: Conduct Concurrent Audits: - Perform concurrent audits of branches and other operational units of banks. - Review transactions to ensure compliance with banking regulations, internal policies, and RBI guidelines. - Identify any operational, financial, and compliance-related risks or discrepancies during audits. Transaction & Process Review: - Evaluate daily transactions for adherence to internal control systems. - Review loans, advances, asset management, and investment activities of the bank. - Verify KYC norms, AML guidelines, and transaction integrity. Risk Identification & Reporting: - Identify key risks and control gaps in branch operations. - Prepare audit reports highlighting significant issues and recommend corrective actions. - Escalate irregularities, fraud, or lapses found during the audit to senior management. Compliance Checks: - Ensure compliance with banking laws, regulatory requirements, and circulars issued by the Reserve Bank of India (RBI). - Track adherence to credit risk, operational risk, and market risk parameters. Coordination with Branches: - Liaise with branch managers and staff for resolving audit issues. - Provide feedback to branches on improving operational efficiency and reducing risk exposure. Follow-up Audits: - Perform follow-up audits to check the implementation of audit recommendations. - Ensure timely closure of audit issues raised during previous audits. Documentation & Reporting: - Maintain and update audit documentation as per firm's standards. - Draft and finalize audit reports and work papers for submission to management. Qualifications: Educational Background: Bachelor's degree in Commerce, Finance, Accounting, or related field. CA Inter/ICWA Inter/MBA in Finance preferred. Experience: 1-3 years of experience in concurrent audits, branch audits, internal audits, or statutory audits of banks. Knowledge: Strong understanding of banking operations, credit appraisals, loan review, and RBI guidelines. Skills Required: - Excellent analytical and problem-solving skills. - Strong knowledge of banking regulations and compliance standards. - Proficient in Microsoft Office (Excel, Word, PowerPoint). - Ability to handle multiple audits and prioritize tasks. - Strong communication and interpersonal skills.