Manager/Assistant Manager – Statutory Audit Zecruiters Jobconnect

The Corporate Institute; Mumbai; On-site; INR 700,000 - 1,100,000; Full time

Job summary

The Corporate Institute in Mumbai is seeking an experienced Audit Professional to plan and execute comprehensive audits of banks and NBFCs in accordance with auditing standards and regulatory requirements. You will assess risks, test controls, and ensure accuracy while maintaining high attention to detail.

You will review banking regulations and RBI guidelines, stay updated on regulatory changes, and provide clients with actionable recommendations to strengthen compliance.

Responsibilities

• Plan and execute comprehensive audits of banks and NBFCs in accordance with auditing standards and regulatory requirements.
• Conduct risk assessment and develop audit programs to address key audit risks and objectives.
• Perform detailed testing of financial transactions, controls, and processes to ensure accuracy and compliance.
• A strong eye for detail is essential in auditing to ensure accuracy and completeness in reviewing financial records and identifying discrepancies or irregularities.
• Review and assess compliance with regulatory requirements, including banking regulations, RBI guidelines, and accounting standards.
• Stay updated on regulatory changes and updates affecting the BFSI sector and incorporate them into audit procedures.
• Provide recommendations to clients for enhancing compliance and mitigating regulatory risks.
• Analyze financial statements, including balance sheets, statement of profit and loss, and cash flow statements, to identify anomalies, trends, and areas for improvement.
• Prepare detailed audit reports highlighting findings, recommendations, and observations for management and regulatory authorities.
• Communicate audit results and insights effectively to clients, addressing any concerns or queries they may have.
• Interact with key stakeholders, including senior management, audit committees, regulatory authorities, and client personnel, to discuss audit findings and recommendations.
• Build and maintain strong relationships with clients, demonstrating professionalism, integrity, and expertise in auditing.

Job description

Responsibilities:

Audit Planning and Execution:

• – Plan and execute comprehensive audits of banks and NBFCs in accordance with auditing standards and regulatory requirements.
• – Conduct risk assessment and develop audit programs to address key audit risks and objectives.
• – Perform detailed testing of financial transactions, controls, and processes to ensure accuracy and compliance.
• – A strong eye for detail is essential in auditing to ensure accuracy and completeness in reviewing financial records and identifying discrepancies or irregularities.

Regulatory Compliance:

• – Review and assess compliance with regulatory requirements, including banking regulations, RBI guidelines, and accounting standards.
• – Stay updated on regulatory changes and updates affecting the BFSI sector and incorporate them into audit procedures.
• – Provide recommendations to clients for enhancing compliance and mitigating regulatory risks.

Financial Analysis and Reporting:

• – Analyze financial statements, including balance sheets, statement of profit and loss, and cash flow statements, to identify anomalies, trends, and areas for improvement.
• – Prepare detailed audit reports highlighting findings, recommendations, and observations for management and regulatory authorities.
• – Communicate audit results and insights effectively to clients, addressing any concerns or queries they may have.

Stakeholder Management:

• – Interact with key stakeholders, including senior management, audit committees, regulatory authorities, and client personnel, to discuss audit findings and recommendations.
• – Build and maintain strong relationships with clients, demonstrating professionalism, integrity, and expertise in auditing.