Assistant General Manager / Deputy General Manager - Audit

Bassein catholic Co op bank (BCCB); Mumbai; On-site; INR 6,000,000 - 9,000,000; Full time

Job summary

Bassein Catholic Co-Operative Bank (BCCB) seeks an experienced Head of Internal Audit to lead the function across all branches, developing risk-based audit plans that cover operational, financial, and compliance areas while ensuring adherence to guidelines from RBI and other regulators.

The ideal candidate will have 20+ years in banking, with at least 10 years in a managerial role, and possess CA/CMA/MBA Finance credentials; certifications in audit/risk/compliance are advantageous.

Qualifications

• 20 years banking experience with at least 10 years in managerial role.
• Strong knowledge of internal controls, risk management and governance.
• Certifications in Audit / Risk / Compliance are advantageous.

Responsibilities

• Lead and oversee the Internal Audit function across all branches and departments of the Bank.
• Develop and implement risk-based audit plans covering operational, financial and compliance areas.
• Liaise with Statutory Auditors, Concurrent Auditors, RBI Inspecting Officers and other regulatory authorities and ensure adherence of guidelines.
• Review adequacy and effectiveness of internal controls, risk management systems, governance processes; conduct branch, concurrent and system audits.
• Identify control weaknesses, fraud risks and operational inefficiencies and recommend corrective actions.
• Monitor timely compliance of audit observations and inspection reports; present audit reports, MIS and risk assessments to senior management and Board/Audit Committee.
• Drive process improvements and standardization across branches; ensure documentation readiness for regulatory inspections.
• Oversee fraud detection, investigation, and preventive controls.

Skills

Internal audit leadership

Regulatory liaison

Risk management

Governance

Education

Chartered Accountant (CA)

Cost Management Accountant (CMA)

MBA Finance

Job description

Responsibilities : -

• Lead and oversee the Internal Audit function across all branches and departments of the Bank.
• Develop and implement risk-based audit plans covering operational, financial and compliance areas.
• Liaise with Statutory Auditors, Concurrent Auditors RBI Inspecting Officers and other regulatory authorities and ensure adherence of guidelines.

Review and evaluate adequacy and effectiveness of:

• Internal controls
• Risk management systems
• Governance processes
• Conduct branch audits, concurrent audits and system audits as per audit schedule.
• Identify control weaknesses, fraud risks and operational inefficiencies and recommend corrective actions.
• Monitor and ensure timely compliance of audit observations and inspection reports.
• Prepare and present audit reports, MIS and risk assessments to senior management and Board/Audit Committee.
• Drive process improvements and standardization across branches.
• Ensure proper documentation and readiness for regulatory inspections.
• Oversee fraud detection, investigation, and preventive controls.

Qualification

• Graduation / Post graduation in Accounting / Finance / Banking
• Chartered Accountant (CA) / Cost Management Accountant (CMA) / MBA (Finance) is preferred
• Certifications in Audit / Risk / Compliance will be an added advantage

Desired profile of the candidate :-

• Candidate should be from Banking Domain Background.

Min. Exp. : -

• Minimum 20 years of banking experience out of which minimum 10 years of relevant experience in the banking industry and currently in managerial role.