Website:
bfil.co.in
Job details:
POSITION SUMMARY
Responsible for risk assessment, audit planning, audit execution, audit reporting process, tracking and closing audit actions and report preparation for the audit committee, Board, Risk Committee and the critical appraisal of the functioning of the entity and add value to the overall governance mechanism of the entity. The position will oversee the functioning and effectiveness of all the policies, processes, procedures, and controls. The incumbent will have to position organizational resources to significantly add value to streamline current processes.
KEY ACCOUNTABILITIES/ KEY RESPONSIBILITIES
- Assists in risk assessment and development of the company’s annual audit plan.
- Manages performance of audit assignments, reviews workpapers and audit reports.
- Initiative to innovative audit methodology by making it dynamic and use technology to cover all the risks and controls of the company.
- Effective and timely communication of the audit findings and ensure recommendations are implemented
- Coordinates with the holding company and submission of the reports as per the calendar
- Coordinates with the external and concurrent auditors.
- Participates in review and implementation of policies and processes.
- Travel to the branches and regional offices to perform the audits and reviews
- Trains the existing team.
- Coordinate with management and key stakeholders for strategic decisioning
- Early detection of frauds and anomalies.
Level of Education
- CA/ ICWAI/ MBA (Additional qualification like CIA, CISA will be an added advantage).
Experience
- 10 to 15 years of experience in the Internal Audit Department (Minimum 4 to 5 years in Retail Financial Sector would be preferable).
- Knowledge of auditing policies, standards, and procedures.
- Knowledge of RBI and Banking Regulations.
- Ability to work effectively with diverse populations.
- Ability to supervise and train employees, to include organizing, prioritizing, and scheduling work assignments.
- Ability to communicate effectively, both orally and in writing.
- Ability to analyze and solve problems.
- Skill in examining and re-engineering operations and procedures, formulating policy, and developing and implementing new strategies and procedures.
- Understanding of IT control environment, & usage of technology in performing audit procedures.
- Ability to motivate others and promote teamwork.
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