Senior Auditor - Control & Support Functions (Finance Specialized)

Yes Bank; Mumbai; On-site; INR 2,000,000 - 2,800,000; Full time

Job summary

Yes Bank in Mumbai seeks a Senior Auditor to provide independent assurance on Finance controls, testing end-to-end processes for accounting entries, general ledger management and statutory reporting.

You will lead audits of Finance and Procurement, coordinate with senior management, and use data analytics tools like IDEA, ACL and Power BI to identify anomalies and drive remediation of findings.

Qualifications

• CA qualification required.

Responsibilities

• Lead and execute internal audits of Finance and Procurement from planning to reporting.
• Audit reconciliations and identify unreconciled long-outstanding entries.
• Evaluate the adequacy of the bank's Risk Management Framework.
• Review RBI returns and regulatory compliance (e.g., CRR/SLR).
• Prepare audit reports detailing findings, risks and recommendations for the Audit Committee and Exec Management.
• Track remediation of audit findings to ensure timely closure.
• Utilize data analytics tools (e.g., IDEA, ACL, Power BI) for continuous auditing.
• Contribute to improving Internal Audit methodology.

Skills

Analytical skills

Communication skills

Report-writing skills

Education

CA

Job description

Role & responsibilities:

Job Summary

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

Key Responsibilities

1. 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 banks 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.

2. 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.

3. 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

4. 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.

Preferred candidate profile:

Qualifications

• Education: CA
• Experience: 7+ 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.