Job opening - Internal Audit - Risk Audit

Axis Bank; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Axis Bank is seeking a Risk Auditor in Mumbai to independently audit the bank's risk function across Treasury Middle Office, Market Risk, and Liquidity Risk. The role requires strong grasp of Treasury Risk Management and regulatory guidelines, with emphasis on data-driven assessment.

The ideal candidate will coordinate with auditee units, prepare data requests, and ensure timely closure of audit findings, while maintaining risk controls updates and MIS accuracy.

Qualifications

• Experience in banking risk areas such as Treasury, Market Risk, ALM and liquidity risk.
• Strong understanding of risk controls and regulatory guidelines.

Responsibilities

• Execute internal audit of the bank's risk function (Treasury Middle Office, Market Risk, Liquidity Risk).
• Develop data requests and conduct discussions with auditee units.
• Ensure closure of internal audit reports and update risk/control matrices.

Skills

Risk assessment

Internal audit

Data analysis

Tools

MS Excel

Audit software

Job description

About Internal Audit:

The Internal Audit function of the Bank, operates independently under the supervision of the Audit Committee of the Board and is responsible for providing an independent view to the Board of Directors and Senior Management on the quality and efficacy of the internal controls, risk management systems, governance systems and processes in place on an on-going basis. This is provided to primarily ensure that the business and support functions are in compliance with both internal and regulatory guidelines.

About the Role:

The role of a Risk Auditor involves conducting Internal audit of risk function of the Bank (either one or more of the areas like Treasury Middle office/ Market Risk / ALM including Interest Rate Risk and Liquidity Risk / Capital Adequacy). For the Role, they must also possess a good understanding of Treasury Risk Management.

Key Responsibilities

• Execute Internal Audit of the Banks risk function Treasury Middle office, Market risk, and Liquidity risk.
• Develop data request, conduct discussions with auditee units
• Ensure closure of internal audit reports
• Update risk and control matrices for the unit
• Update internal audit MIS with the status of audits
• Track compliance of past observations pending closure