Senior Auditor - Control & Support Functions - Finance Specialisation

YES BANK; Mumbai; On-site; INR 1,200,000 - 1,500,000; Full time

Job summary

A prominent banking institution in Mumbai is seeking a Senior Auditor to provide independent assurance on Finance functions. The role involves conducting comprehensive internal audits, preparing detailed reports for management, and evaluating risks. Ideal candidates will have over 10 years of banking experience, a CA qualification, and exceptional analytical skills. You will build relationships with senior management, ensuring compliance with regulations and enhancing control effectiveness. This is a full-time position located in Mumbai.

Qualifications

• 10+ years of experience in internal audit within the banking industry.
• Deep understanding of banking regulations and accounting standards.
• Exceptional analytical, communication, and report-writing skills.

Responsibilities

• Lead and execute comprehensive internal audits of Finance and Procurement functions.
• Prepare high-quality audit reports detailing findings for Audit Committee and Executive Management.
• Utilize data analytics tools to perform continuous auditing.

Skills

Analytical skills

Communication skills

Report writing

Education

CA

Tools

IDEA

ACL

Power BI

Job description

Job Title

Senior Auditor – Control and Support Functions

Position Type

Full-Time

Department

Internal Audit

Location

Mumbai

Job Summary

The Senior Auditor provides independent, objective assurance on the effectiveness of the bank’s Finance functions. The role involves testing end-to-end controls for accounting entries, general ledger management, and statutory reporting.

Key Responsibilities

• Audit Execution & Risk Assessment
• Lead and execute comprehensive internal audits of Finance and Procurement functions from planning to reporting, in accordance with auditing and accounting standards.
• Audit Inter-branch and Inter-bank account reconciliations, identifying and reporting unreconciled long‑outstanding entries that may pose financial risk
• Evaluate the adequacy of the bank’s Risk Management Framework.
• Review the accuracy and timeliness of periodic returns submitted to the RBI, including CRR/SLR calculations
• Conduct audits to ensure adherence to regulatory requirements (e.g., RBI Regulations, Tranche I, II and II).
• Scrutinize Suspense Accounts and transit accounts for long‑outstanding items
• Identify control gaps and emerging risks within the control functions, providing actionable recommendations to enhance control effectiveness.
• Stakeholder Management & Advisory
  • Build and maintain strong relationships with senior management within the Business, Finance, IT, Risk and Compliance departments, acting as a trusted advisor.
  • Review and report on the effectiveness of the Business Heads oversight.
• Reporting & Follow‑up
  • Prepare high‑quality audit reports detailing findings, risks, and recommendations for the Audit Committee and Executive Management.
  • Track and validate the remediation of audit findings by stakeholders to ensure timely closure.
• Data Analytics & Process Improvement
  • Utilize data analytics tools (e.g., IDEA, ACL, Power BI) to perform continuous auditing and identify anomalous trends in risk management.
  • Contribute to the continuous improvement of the Internal Audit methodology.

Qualifications

• Education: CA
• Experience: 10+ years of experience in internal audit within the banking industry.
• Knowledge: Deep understanding of banking regulations and accounting standards.
• Skills: Exceptional analytical, communication, and report‑writing skills.