Senior Vice President – Internal Audit – Central Functions & Thematic Audits NovoTree Minds Consulting

The Corporate Institute; Mumbai; On-site; INR 3,500,000 - 5,200,000; Full time

Job summary

The Corporate Institute in Mumbai is seeking an experienced Internal Audit Leader to manage audits across Central Functions, retail and transaction banking operations in line with RBI guidelines. You will design audit plans, implement continuous monitoring and drive risk-based reviews to strengthen controls.

You will lead thematic audits, coordinate with business heads, and deliver value-added assurance to senior management, leveraging data analytics and regulatory know-how.

Qualifications

• 15+ years post-qualification experience in banking/internal audit or in large CA firms
• Experience with RBI/SEBI regulatory requirements
• Experience in Statutory Audit of Banks/NBFCs and related domains

Responsibilities

• Develop audit strategies and plans for Central Functions, retail & transaction banking as per RBI guidelines.
• Implement continuous monitoring for governance, risk management and controls.
• Perform risk-based audits and identify control improvements across central/offices and functions.
• Lead thematic audits and address senior management with dashboards and insights.
• Coordinate with business units to identify strategic and operational risk areas.
• Contribute to advisory assignments and process improvements.

Skills

Banking audit

Risk-based auditing

Data analytics

Regulatory knowledge RBI/SEBI

Leadership

Education

CA / CFA / MBA Finance from premiere institutes

Job description

About the Role:

The role involves:

• Proactively manage the audits of regulatory risk areas covering Central Office, Business Function, Retail Banking Operations & Transaction Banking Operations in tandem with the continuous strategic developments and undertake internal audit activities in accordance with the Bank’s Policies, Procedures, Regulatory requirements, Internal Audit Standards and leading practices.
• Developing audit strategies and audit plans based on risk assessment and regulatory framework, ensuring use of advanced auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives.
• Develop and implement an effective continuous monitoring framework for the internal audit department to provide value added assurance to the Senior Management on key governance, risk management and control processes for areas relating to Information Security, Central & Business Functions, Revenue Leakage and Cost Control.

Key Responsibilities:

• Develop strategies and plan for conducting audits of Central Functions, retail & transaction banking operations covering Business functions, support function, transaction processing centres, operation units, etc. as per RBI guidelines and conduct special projects in mitigating risks and strengthening controls.
• Develop and implement an effective continuous monitoring process for conducting the Thematic Audit and provide value added assurance to the Senior Management on key governance, risk management and control processes for areas relating to Central Office, Business Functions and Retail Banking Operations.
• Develop and implement strategies to identify and conduct focused Snap audits based on triggers relating to external events, serious irregularities, frauds, customer complaints, High risk indicators, etc.
• Establish reporting frameworks such as a risks and controls dashboard, analysis and reporting to Senior Management.
• Liaise with business and support Units head to identify key strategic and operational areas.
• Review the assessment of adequacy of internal control systems, policies, and processes and review the recommendations, whether are in line with the risk identified and conclusive enough to address the issue.
• Provide creative and proactive resolution of control issues relating to significant areas of risk in a manner consistent with corporate goals, strategies, values and leading practices.
• Contribute advisory assignments relating to organizational activities, process development/ improvement.

Team Lead Role for Central Functions and Thematic Audits:

In these Verticals, they are performing audits for various Centralized Functions in the Banks such as:

• Finance & Accounts
• Corporate Secretarial Function
• Insider Trading Regulatory requirements
• Compliance Function
• Legal Function
• Financial Crime Intelligence
• Fraud Investigation and Vigilance Unit
• Audit of Outsourcing of Financial Services and Vendor Audit
• Audit of Vendor Management
• Centralised Procurement Unit
• Corporate Real Estate Services
• CAPHUB Vendor Payment Processing
• Marketing
• Administration
• Corporate Communication
• Investor Relations
• Centralised Cheque Clearing System
• Corporate Social Responsibility
• Sustainability Reporting
• HR Function (i.e. various Theme based Audits such as Payroll, Surprise Mandatory Leave, Recruitment, Exit Management, Staff Rotation, Training etc)
• Audit of Critical Process – Internal Office Accounts
• Internal Ombudsman
• Complaint Management
• Phone Banking
• Customer Service
• Centralised Transaction Reconciliation Services
• Board and Board Governance Committee Meetings
• Perform Risk Based Audits in these areas and check adherence to key regulatory requirements applicable to the respective function, as part of our audits.
• Candidate with at least 15 years of post-qualification Professionals (Qualified CA / CFA / MBA Finance from Premiere Institutes etc) with requisite Banking Audit experience in Internal Audit of Banks / large size NBFCs / Candidate working in Internal Audit of Peer Banks / large size CA Firms / have experience of Statutory Audit of Banks / NBFC etc. in the abovementioned areas and have relevant understanding of RBI / SEBI regulatory requirements etc.