Auditor – Trade Finance & Wholesale Banking Products

Novo Tree Minds Consulting Firm; Mumbai; On-site; INR 600,000 - 800,000; Full time

Job summary

A consulting firm in financial services is looking for an Auditor to plan and conduct internal audits, analyze business data, and provide recommendations for improving financial processes and controls. The ideal candidate should possess experience in internal auditing and strong analytical skills. This role is crucial for ensuring risk management and compliance within the organization.

Qualifications

• Experience in conducting internal audits in financial services.
• Ability to analyze risk trends and internal controls.
• Strong communication skills to present audit findings.

Responsibilities

• Plan and conduct internal audits within specified time frames.
• Recommend improvements to policies and processes based on risk analysis.
• Conduct Root Cause Analysis and design improvement action plans.
• Appraise adequacy of internal control systems and suggest enhancements.
• Ensure adherence to audit processes and standards.

Job description

About the Role:

The role of Auditor involves:

Plan and conduct internal audits within Trade Finance and wholesale banking products / wholesale transactional operations vertical of the Bank, with a risk based approach to evaluate how well risks are being managed, the business is being governed, and internal processes are performing.

Interpret business data and perform analysis, to provide audit / management insights & dashboards for ease of understanding.

Key Responsibilities:

• Planning and executing internal, thematic, snap and special audits with a risk based internal audit approach within specified timeframes.
• Effectively recommend improvements to the policies, processes and operating practices by analyzing risk trends in the industry.
• Conduct Root Cause Analysis and design a remedial action plan for improvement of processes and mitigation of risks.
• Objectively appraise adequacy of internal control systems, policies, and processes and provide recommendations to improve the same.
• Contribute ideas for improvement by bringing in efficiency and smart approach to auditing Build understanding of significant business processes, regulations applicable to the bank and other specific business risks and Risk Based Supervision adopted by regulators.
• Ensuring commencement / completion of audit assignment within time norms, adhering to given schedules, and ensuring adherence to audit / ISO processes & ICAI standards.