Audit-Sr. Unit Head-Subsidiaries Audit

Hdfc Bank; India; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

HITACHI VANTARA INDIA PRIVATE LIMITED is seeking a Sr. Unit Head for Subsidiaries Audit to manage the internal audit function across subsidiaries. The role requires CA/MBA with extensive banking/audit expertise and leadership to drive risk-based audits, ensure compliance and timely reporting.

You will oversee audit life cycle, reporting to senior management, and coordinate with group audit teams to strengthen controls and governance. Excellent communication and regulatory knowledge are essential.

Qualifications

• CA/ MBA Finance or equivalent with relevant auditing experience.
• Experience in internal audit of banks / NBFCs / large financial institutions.
• Exposure to subsidiaries audits is preferred.

Responsibilities

• Audit life cycle monitoring and risk-based planning.
• Review RCM, templates and audit scoring module.
• Allocate audits based on expertise and mandays.
• Ensure audit calendar adherence and timely report release.
• Prepare reports with findings, risks and recommendations.
• Manage regulatory inspections and investigations.
• Monitor remediation of audit observations.
• Lead, mentor and develop audit staff.

Skills

CA

MBA (Finance)

Commerce Graduate / CIA

Banking / financial sector knowledge

Audit principles & methods

Regulatory knowledge

Analytical skills

Communication skills

Leadership & team management

Problem solving

MS Word / MS Excel / PowerPoint

Time management

Education

Chartered Accountant (CA)

MBA Finance

Commerce Graduate / CIA

Tools

MS Word

MS Excel

PowerPoint

Job description

Job Title: Audit-Sr. Unit Head-Subsidiaries Audit

Business Unit (PA): Audit

Job Purpose

To manage internal audit of Subsidiaries audits to ensure compliance in the functioning

Key Responsibility Areas

Audit life cycle monitoring

• Identify key areas for audit based on risk assessment, regulatory requirements, and internal control frameworks.
• Review audit procedures, Risk Control Matrix (RCM), standard audit report template and audit scoring module for the assigned audit areas.
• Review allocation of audits based on expertise and mandays available.
• Ensure achievement of audit calendar within the stipulated timelines and adherence to timelines for report release.
• Review of audit scope and quality of audit (including sampling process).
• Review risk grading and opinion formation

Audit reporting

• Prepare comprehensive audit reports highlighting the findings, risks, their potential impact and recommend appropriate actions to address the identified issues.
• Audit finalisation, discussion & closure (including visits to subsidiaries)
• Present audit findings and recommendations to Senior Management, Regional Head-Internal Audit, Head-Internal Audit.
• Handle Regulatory Inspection / Regulatory requirements / ACB reporting and Investigations

Audit compliance

• Monitor the progress on remediation of audit observations and recommendations by the auditee management.
• Evaluate the effectiveness of controls implemented towards the resolution of audit issues.

Team management

• Ensure resource planning and talent development.
• Supervise and mentor audit staff, provide guidance / assist in the professional development of junior staff.
• Monitoring team performance, providing constructive feedback, and identifying areas for improvement

Key Skills

• Chartered Accountant (CA)
• MBA (Finance)
• Commerce Graduate / CIA
• Domain knowledge – Knowledge of bank audit / audits of financial sector
• Audit expertise – A strong background in auditing principles, practices and methodologies is essential. Thorough understanding of financial and operational audits, risk management and internal controls.
• Regulatory knowledge – Up-to-date knowledge of banking laws, regulations and industry standards.
• Analytical skills – Strong analytical skills to analyse complex data, identify trends and assess the effectiveness of controls.
• Communication skills – Excellent verbal and written communication skills
• Leadership skills – Leadership and teamwork abilities are essential to co-ordinate and manage audit projects effectively.
• Problem solving skills – Able to identify issues, propose practical solutions and work collaboratively with the relevant departments.
• IT proficiency – Advanced knowledge of MS Word, MS Excel and Power Point is a must.
• Time management – Ability to manage multiple assignments, prioritize tasks and meet deadlines.

Experience Required

• Min. 15-20 years of experience in internal audit of Banks/ NBFCs / large financial institutions
• Prior exposure to internal audit of subsidiaries of banks is preferred
• Team management

Major Stakeholders

Senior management of Subsidiaries, Head of Internal audits of Subsidiaries, CA firms, Compliance team, Group Oversight Department, Operations