Specialist - Audit

Job description

Job Description JOB TITLE Specialist Audit (Branch Banking) GRADE SM DEPARTMENT Internal Audit Department LOCATION HO/RO/BRANCH TYPE OF POSITION Full-time REPORTS TO Manager-Audit REPORTING INTO Auditor ROLE PURPOSE OBJECTIVE 1. Conduct Risk Based Internal Audits (RBIA) of MFI and SFB Branches as per schedule of the Audit Plan under the guidance of the Supervisors. 2. Sharing observations on daily basis to branch supervisors. 3. Draft audit observations and write Audit Reports. 4. Audit issue tracking and closure. 5. Based on audit observations providing suggestions/ feedback to enhance the existing processes policies taking into account Risk and compliance parameters. 6. Control testing and risk assessment. 7. Preparation and Review of Audit Work Papers. 8. Evidence to be gathered and submitted to Audit Manager after each audit. 9. Proper worksheet (Risk Control Matrix) to be prepared for each branch audited and kept in record. 10. Mentor for new joinees and guide them on all policy matters and Field Audit Process. KEY DUTIES RESPONSIBILITIES OF THE ROLE **Business/Financials** - Planning audit of Rural SFB branches in consultation with the Audit Manager. - Execution of Audits as per Plan. - Ensure customer visit as per approved sampling methodology as applicable. - Ensure document verification of asset and micro banking liability as per approved sampling methodology. Field processes of micro Banking asset and liability to be visited (in each audit) as per audit methodology and suggested guidelines. - Ensure to complete Branch Banking Audits as per approved audit process. - Ensuring Social Service Department audits are executed as per the plan. - Timely completion of various departmental / functional / process audits if any as per the Annual Audit Plan. - Check adherence of our internal policies, processes products against the applicable RBI rules and regulations. - Highlight design operational gaps identified during audits to the concerned stakeholders. Customer (Both Internal External) - Drafting of audit issues post the discussion with the auditees and drafting audit reports and timely submission of audit report to Audit Manager. - Coordinating with Audit Manager for timely completion of audit report with changes suggested during review. Preparing and completing checklist for audits. - Ensure quality reliability of the audit reports by effective implementation of maker-checker process. - Critical Issue Communication: Any critical issues, frauds etc., to be immediately communicated to the Audit Manager / Regional Audit Manager on the same day without any delay. - Monthly audit updates for the month to be submitted to Audit Manager as per cut-off date. - Issue tracking and closure. - Sharing or Non-compliance branches on weekly basis to RM-Audit and follow up of compliances. - Evidencing to be gathered and submitted to Audit manager after each audit as per QAIP guidelines. Internal Process - Mentor for new joinees. Guide them on all policy matters and Field Audit Process. - Execution of Audit with the junior team members to monitor supervise their work and correct the reports in case of any requirements. - Communicating all the policy/ process related changes as well as changes pertaining to audit process to the team members at regular intervals. - Proper training to be provided to team members for effective implementation of the changes. - Ensuring the team maintains audit decorum as per applicable code of conduct at Branches and at Regional Office. - Ensuring cost control in coordination with Audit Manager Regional Audit Manager.