Senior Auditor - Control & Support Functions (Finance Specialized)

Job description

Role & responsibilities: Job Summary The Senior Auditor provides independent, objective assurance on the effectiveness of the banks Finance functions. The role involves testing end-to-end controls for accounting entries, general ledger management, and statutory reporting. Key Responsibilities 1. Audit Execution & Risk Assessment • Lead and execute comprehensive internal audits of Finance and Procurement functions from planning to reporting, in accordance with auditing and accounting standards. • Audit Inter-branch and Inter-bank account reconciliations, identifying and reporting unreconciled long-outstanding entries that may pose financial risk • Evaluate the adequacy of the banks Risk Management Framework. • Review the accuracy and timeliness of periodic returns submitted to the RBI, including CRR/SLR calculations • Conduct audits to ensure adherence to regulatory requirements (e.g., RBI Regulations, Tranche I, II and II). • Scrutinize Suspense Accounts and transit accounts for long-outstanding items, • Identify control gaps and emerging risks within the control functions, providing actionable recommendations to enhance control effectiveness. 2. Stakeholder Management & Advisory • Build and maintain strong relationships with senior management within the Business, Finance, IT, Risk and Compliance departments, acting as a trusted advisor. • Review and report on the effectiveness of the Business Heads oversight. 3. Reporting & Follow-up • Prepare high-quality audit reports detailing findings, risks, and recommendations for the Audit Committee and Executive Management. • Track and validate the remediation of audit findings by stakeholders to ensure timely closure 4. Data Analytics & Process Improvement • Utilize data analytics tools (e.g., IDEA, ACL, Power BI) to perform continuous auditing and identify anomalous trends in risk management. • Contribute to the continuous improvement of the Internal Audit methodology. Preferred candidate profile: Qualifications • Education: CA • Experience: 7+ years of experience in internal audit within the banking industry. • Knowledge: Deep understanding of banking regulations and accounting standards. • Skills: Exceptional analytical, communication, and report-writing skills.